Philippines launches E-BNRS with e-payment to ease business registration

Tue, Jun 11, 2013: State-owned Development Bank of the Philippines (DBP), the Department of Trade and Industry (DTI), and electronic-banking consortium BancNet has teamed up to implement Enhanced Business Name Registration System (E-BNRS), a system designed for business name registration and renewal through the Internet using a web-enabled payment gateway, the FutureGov reported.

With E-BNRS, the entrepreneurs can make payment for business name registration fee and documentary stamp tax via online instead of physically visit DTO’s office to pay for the fees.