Barangay Micro-Business Enterprises (BMBEs) can now register their businesses, free of charge, at the Department of Trade and Industry (DTI) through the agency’s Negosyo Centers.
Maglaya said that registered BMBEs can avail of government incentives that include exemption from the payment of income tax for income arising from the operation of the enterprise, exemption from the coverage of the minimum wage law, special credit window of government financing institutions that will service the needs of BMBEs, as well as technology and marketing assistance.
The DTI issued Department Administrative Order (DAO) No. 16-01 last April 22, 2016 which provides guidelines on registering BMBEs at Negosyo Centers. Under DAO 16-01, DTI is the sole agency which shall issue a Certificate of Authority (CA) to registered BMBEs at Negosyo Centers or at DTI offices where Negosyo Centers have not been set up.
Prior to the issuance of the DAO, BMBEs register at the Office of the Treasurer of the city or municipality where the business is located.