It’s almost that time of the year again, the time where business proprietors and entrepreneurs need to get ready for a new year of operations.
Princess Althoma Brima
The Department of Trade and Industry (DTI) recently partnered with leading digital financial service providers to provide Filipinos with a more accessible and convenient way of registering and renewing business names in the government through ePayment providers available online.
Foreign nationals working in the Philippines may now anticipate a faster application process for Alien Employment Permit (AEP) through a newly launched one-stop-shop by the Department of Labor and Employment (DOLE) in Manila.
The Philippine government is now encouraging local and foreign entrepreneurs to establish or develop their own startup company by offering special incentives and eliminating existing financial constraints to promote innovation in the country’s startup community.
The Bangko Sentral ng Pilipinas (BSP) announced the approval of new risk management guidelines for all financial investments in banks and quasi-banks (QBs).
President Rodrigo Duterte has officially signed into law Republic Act No. 11337, or better known as the Innovative Startup Act, a new law seeking to remove barriers and provide tax benefits to all registered startup companies in the Philippines.