Business registration uptick 10 percent last year

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BACOLOD CITY– Businesses registered last year grew by 10 percent compared to the previous year, the licensing head here said.

Permits and Licensing Division chief Stela Rose Rayos told DNX her office issued a total of 25,627 business permits in 2019 compared to only 23,187 in 2018.

Rayos said this is an indication that the city is fast growing.

“We cannot deny that Bacolod is a fast-growing city; more investors are interested to come in,” Rayos added.

She said it is expected that the number of business registrations will continue to increase this year as more businesses are being established in the city.

Rayos said they will be stricter in conducting operations to close business establishments without necessary permits.

In 2019, 14 business establishments were closed due to lack of permits. Eleven of those have since complied with the requirements and continued to operate their businesses, while the three have shutdown.

BOSS operations

Meanwhile, as of 8 January, more than 8,000 business applications were processed in the Business One Stop Shop (BOSS).

BOSS is a program of the government which seeks to provide faster and convenient business permit registration and renewal transactions by putting in one venue all the offices and agencies involved.

BOSS is scheduled to run until 20 January from Monday to Friday, 8am to 5pm and on Saturday from 9am to 5pm with no noon break.

Business owners will be given a 10 percent discount when they pay their taxes in full from 2 to 20 January.

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