The Philippine Business Registry
The Philippines Business Registry (PBR) is a Government-initiated project that facilitates business registration-related transactions by integrating all agencies involved in business registration, such as the Department of Trade and Industry (DTI), Securities and Exchange Commission (SEC), Cooperative Development Authority (CDA), Bureau of Internal Revenue (BIR), Social Security System (SSS), Home Development Mutual Fund (Pag-IBIG), Philippine Health Insurance Corporation (PhilHealth), Local Government Units (LGUs) and other permit/license-issuing agencies. It provides a faster process for business registration, thus strengthening the government’s effort of providing quality service to the people and realizing its commitment to curb corruption and reduce red tape in the bureaucracy.
In particular, it is a web-based system that serves as a one-stop shop for entrepreneurs who need to transact with several agencies to be able to start operating a business. Each of the agencies’ computerized registration systems will be interlinked so that applicants need not physically go to each agency to register their businesses.
At present, sole proprietors can validate existing or register their business names from the DTI, get or validate their existing Tax Identification Numbers (TINs) from the BIR and employer registration numbers from the Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth) and Home Development Mutual Fund (Pag-IBIG Fund) through the PBR system.
Sole proprietors may go to DTI Offices with designated PBR Kiosks or tellers and register through them. Application through a teller will involve submission of a filled up application form which may be downloaded from the website or completed and printed by the public online for submission to the PBR kiosks or tellers.
The PBR system is undergoing version upgrade to reinstate the online feature along with the ePayment functionality which was recently implemented to handle GCash and BancNet debit card payments for business name registration.
Philippines Makes Doing Business Easier
General14 April 2015 Manila, Philippines
The Philippines today unveiled reforms simplifying the process of starting a business to 6 steps and 8 days, down from the existing set-up requiring 16 steps and 34 days. The government also announced e-government initiatives for accessible and convenient online transactions for payroll-related payments to Philhealth and Pag-IBIG, reducing the number of payments from 36 to 13 per year. Read more .....
Securities and Exchange Commission (SEC) Advisory
We are pleased to provide information by the Securities and Exchange Commission (SEC) on the requirements to register a corporation. Read more .....