The Department of Trade and Industry (DTI) has issued a directive to cut the registration time for business names down to 15 minutes at Negosyo Centers spread across the province.
According to DTI 7 director Asteria Caberte, the new policy was crafted to support entrepreneurs in various localities by providing quicker registration procedures.
Applicants whose registration exceeds the time limit may submit a report to the DTI, Caberte said.
In a span of one year, 10 Negosyo Centers have already been established across towns in Bohol and more are set to open in other areas.
The latest branches were opened in the towns of Sevilla and Panglao last month, said Joe Hibaya of DTI Bohol.
Negosyo Centers also offer to members services including mentoring programs to encourage business growth particularly for micro, small and medium-sized enterprises (MSME).
Caberte previously explained that Negosyo Centers provide support in the registration of businesses and renewal of MSME permits, and assist Barangay Micro-Business Enterprise registrants.
Earlier, Caberte called on Mayor Baba Yap to allocate lots for more Negosyo Centers and a business databank in Tagbilaran City.
These facilities will serve as storage for data and training for financing, marketing and other business matters needed by MSME proprietors, Caberte added.
Currently, there are two Go Negosyo centers in Tagbilaran City.
One is located at the second floor of the First Consolidated Bank building along CPG North Ave. and the other in the Bohol Promotions Center at the Capitol. (AD)