| Ref. |
SUBJECT |
SPECIFICATION |
| A. |
Registration |
Barangay
Micro Business Enterprise (BMBE) :
Income Tax Exemption; Exemption from the coverage of the Minimum
Wage Law; Priority to a special credit window; technology transfer,
production and management training, marketing assistance programs
for BMBE beneficiaries |
| B. |
Concerned
Agency |
Government
Financial Institution:
- Land
Bank of the Phils.
- Small
Business Guarantee and Finance Corp.
- Development
Bank of the Philippines
- People�s
Credit and Finance Corp.
- Quedan
and Rural Credit Guarantee Corp.
- Government
Service Insurance System (for members only)
- Social
Security System (for members only)
Other
Agencies:
- Department
of Trade and Industry (DTI)
- Department
of Science and Technology (DOST)
- University
of the Philippines Institute for Small Scale Industries (UP-ISSI)
- Cooperative
Development Authority (CDA)
- Technical
Education and Skills Development Authority (TESDA)
- Technology
and Livelihood Resource Center (TLRC)
|
| C. |
REQUIREMENTS |
- Duly
filled-up application form
(BMBE Form 01) in triplicate, signed
by the owner or manager of the entity for registration and
- Three
passport size ID pictures
|
| D. |
PROCEDURES |
- Accomplish
BMBE Form 01 in triplicate and submit to the Office of the
Municipal or City Treasurer.
- The
Municipal or City Treasurer evaluates the application. The
application shall be processed within 15 working days upon
submission; otherwise, BMBE shall be deemed registered.
- A
registered BMBE shall be issued a
Certificate of Authority as proof of registration,
effective for the period of two years. The application is
renewable every two years.
|
| E. |
COST
OF REGISTRATION
|
Registration
and issuance of the Certificate of Authority of the Local Government
Unit (LGU) is �FREE
OF CHARGE� and shall be done promptly. However, to defray the
administrative costs of registering and monitoring the BMBEs, the
LGUs are allowed to charge a fee not exceeding P 1,000.00 |
