DTI urges city to streamlining business registration processes
Department of Trade and Industry (DTI) provincial director Diosdado Cadena yesterday stressed the importance of simplifying and streamlining the documentation of business registrations, commonly known as mayor's permit, in the city of Iloilo.
Yesterday, a public forum was sponsored by the German Technical Service (GTZ) to help the city government simplify its business registration processes. GTZ commissioned a research group from Central Philippine University (CPU) to conduct a study on the procedures in getting a business permit from the city.
The city is the first in Panay island to benefit from GTZ's program that centers on the improvement and documentation of business permits. In Negros Occidental, Escalante also availed of the same help from GTZ.
Representatives from the business sector, barangay officials and other interested individuals attended the said forum.
Based on the study, the procedure in acquiring business permit could be shortened. From 11 steps, the process could be trimmed down to only four.
Cadena said there are number of would be investors that encounter a difficulty in complying with the requirements set forth by the city government before a business permit is issued to them. The local government unit concerned should do its part even with the creation of the investment promotion which is being led by DTI.
The streamlining of procedures in securing the mayor's permit is not only beneficial for the big businesses but also for the Small and Medium Enterprise (SME). Once implemented, it could attract more investors to the city, said Cadeña.