Starting a Business Simplified to 6 Steps and 8 Days; Payroll-Related Payments Reduced from 36 to 13.
The country today unveiled in a press conference reforms that would simplify the process of starting a business to six steps and eight days, down from the existing 16 steps and 34 days.
The government also announced e-government initiatives for payroll-related transactions to Philhealth and Pag-Ibig, reducing the number of payments from 36 to 13 per year.
These reforms are a product of the National Competitiveness Council’s Gameplan 3.0 which aims to synergize government processes related to easing the conduct of business in the Philippines.
For the complete press release: Philippines Makes Doing Business Easier – DTI