Government Agencies and Their Functions

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What is the role of the Department of Trade and Industry (DTI)?

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Business name registration for sole proprietorship, assistance in product development and marketing, conducts entrepreneurship training and seminars, provides support for micro, small, and medium enterprises (MSMEs).

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What does the Securities and Exchange Commission (SEC) do?

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Registration of partnerships and corporations, regulation and monitoring of registered business entities, provides legal guidelines for corporate governance and investment.

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What are the functions of the Bureau of Internal Revenue (BIR)?

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Issuance of Tax Identification Number (TIN), registration of business for tax purposes, collection of business taxes and issuance of receipts authority, conducts tax education programs for entrepreneurs.

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What is the purpose of the Mayor’s Office in relation to businesses?

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Issuance of Mayor’s Permit or Business Permit, inspection and monitoring of business establishments, collection of local business taxes and regulatory fees.

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What benefits does the Social Security System (SSS) provide?

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Social security coverage for business owners and employees, benefits such as sickness, maternity, disability, and retirement, manages employer registration and contribution payment services.

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What services does PhilHealth offer?

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Health insurance coverage for employers and employees, financial assistance for hospitalization and medical needs, handles membership registration and premium contribution collection.

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What programs does the Pag-IBIG Fund provide?

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Savings and housing loan programs for entrepreneurs and employees, manages membership registration and contribution payments, offers short-term loans such as calamity and multi-purpose loans.