Government agencies unveiled on Tuesday a package of reforms to further simplify the process of starting a business in the Philippines to six steps and eight days, down from the existing setup 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.
“We continue to be encouraged by reforms that will make our business registration faster, simpler, more efficient, and more transparent,” DTI Secretary and NCC Co-Chair Gregory L. Domingo said.