Government launches online one-stop shop for business registration

The government has launched the first phase of the Central Business Portal, a one-stop shop online system for business registration, according the Bureau of Internal Revenue.

The CBP is a single website for obtaining business-related information and carrying out transactions such as registering a corporation, and securing business permits and licenses.

In the initial phase of its implementation, the CBP can be used for transactions for domestic corporations.

The portal provides a unified application form for all agencies involved in the business registration process such as the Securities and Exchange Commission, BIR, Social Security System, PhilHealth and Pag-IBIG Fund.

Thus, citizens who are registering a corporation no longer need to accomplish and file several registration forms in different government agencies.

Among the tax-related features of the CBP are online issuance of the Taxpayer Identification Number of new corporations.

Source: https://www.philstar.com/business/2021/03/05/2082002/government-launches-online-one-stop-shop-business-registration

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