The number of barangay micro business enterprises (BMBE) is expected to increase and their applications through the newly launched portal making registration and renewal processes easier, faster, and more convenient.
“The portal enables an online and automatic end-to-end registration or renewal process in the comfort of your home from application to evaluation and issuance of the BMBE Certificate of Authority,” Department of Trade and Industry (DTI) Regional Operations Group Undersecretary Blesila Lantayona said.
In line with the Marcos administration’s 8-point socioeconomic agenda of improving bureaucratic efficiency, Lantayona said the DTI has automated the BMBE registration and renewal processes through the development of the BMBE online registration system, or the BMBE online.
She said micro business owners can now register or renew their Certificate of Authority without going to DTI’s Negosyo Centers at the BMBE online https://bmbe.dti.gov.ph/.
There are currently around 90,000 registered BMBEs nationwide, which are business enterprises engaged in production, processing or manufacturing of products, including agro-processing, trading and services with total assets of not more than P3 million, she added.
Lantayona said, encourages the formulation and growth of barangay micro business enterprises by granting them incentives and other benefits.
The law, she added, also mandates the provision of incentives and benefits for registered BMBEs, such as income tax exemption for income
arising from the business operations subject to compliance of the documentary requirements of the Bureau of Internal Revenue (BIR), exemption from the coverage of the minimum wage law, priority to a special credit window, and technology transfer, production and management training and marketing assistance.
Emma Asusano, officer-in-charge director of the DTI-Bureau of Small and Medium Enterprise Development, said BMBE online features one of the DTI’s initiatives in digitalizing its key MSMEs services which is in line with the Ease of Doing Business Law.
It is also aligned with the MSME Development Plan 2017-2022 which seeks to improve the business environment for these firms, she said.