ONE-STOP-SHOP CENTERS FOR INVESTORS

To cut bureaucratic red tape, the Philippine government has set up one-stop-shop centers through out the country where investors can finish all their required transaction with the different state agencies under one roof.



Trade Secretary Peter B. Favila, who was designated by President Arroyo as the country’s anti-red tape chief, said 10 of these centers formally called National Economic Research And Business Assistance Centers (NERBACs) are now operational.



These 10 NERBACs are located in the DTI Regional Offices of Ilocos, (Region 1); Cagayan Valley, (Region II); Central Luzon, (Region III); Central Visayas, (Region VII); Eastern Visayas, (Region VIII); Northern Mindanao, (Region X); Davao, (Region XI), SOCCCKSARGEN, (Region XII); and Cordillera Autonomous region, (CAR).



Region IV-A, IV-B, V, IX and CARAGA will be launching their respective NERBACs within the year 2007.


NERBAC shall cut red tape and create more investment in the country side. NERBAC houses different National Government Agencies under one roof to assist investors and entrepreneurs in their information and business licensing requirements.




NERBAC will also improve effectiveness and efficiency in government services. Created by virtue of Republic Act No. 7470, NERBAC offers a myriad of government services to start –up and expanding business that includes business licensing and registration, knowledge and information management, and proactive investment marketing.



The One-Stop-Shop effectiveness are already being felt in CEBU, which was able to reduce 30 percent the processing time for DTI’s business name application, and processing of 3, 129 new Business Names, 339 business names renewal, 97 contractors accreditation and 187 other licensure needs.


NERBAC-Davao, on the other hand, has also served export documentation to 491 exporters, issuing 2,09 exports declaration and licenses and generating $ 283 million in export sales.


The goal of NERBAC is to ensure that accurate and timely information and assistance are provided to its clients, developing business environment to be more friendly and conducive for investment in the regions.



PHILIPPINES 40 RICHE$T