Frequently Asked Questions (FAQS)
Can existing MSME Centers or Business Assistance Centers operate as a Negosyo Center? Yes, existing Centers may continue to operate as Negosyo Centers subject to the provisions of the “Go Negosyo Act” and its Implementing Rules and Regulations. What are the functions of the Negosyo Centers? The Centers will be responsible for promoting “ease of doing business and facilitating access to services for MSMEs within its jurisdiction”, such as:
a) Business Registration Assistance
i. Accept and facilitate all new registration and renewal application of MSMEs, including application for Barangay Micro-Business Enterprise (BMBE);
ii. Coordinate with the respective local government units (LGUs) and liaise with concerned government agencies to process the duly accomplished forms submitted by the MSMEs
iii. Implement a unified business registration process preferably through automated systems such as the Philippine Business Registry (PBR);
b) Business Advisory Services
i. Assist MSMEs in meeting regulatory requirements to start and maintain the business;
ii. Build local support networks and establish market linkages for MSME development through the Micro, Small and Medium Enterprise Development (MSMED) Council and DTI;
iii. Facilitate access to grants and other forms of financial assistance, shared service facilities and equipment, and other support for MSMEs through national government agencies (NGAs);
iv. Ensure management guidance, assistance and improvement of the working conditions of MSMEs;
v. Co-organize with the local chambers of commerce, other business organizations and government agencies, a mentoring program for prospective and current entrepreneurs and investors;
vi. Conduct other programs or projects for entrepreneurial development in the country aligned with the MSMEs development plan. c) Business Information and Advocacy
i. Provide information and services in training, financing, marketing and other areas as may be required by MSMEs;
ii. Establish and maintain a databank which will support business information requirements of MSMEs;
iii. Promote ease of doing business and access to services for MSMEs within its jurisdiction;
iv. Support private sector activities relating to MSMEs development;
v. Encourage government institutions that are related to the business application process to help promulgate information regarding the Negosyo Center;
vi. Coordinate with schools and related organizations on the development of youth entrepreneurship program;
vii. Encourage women entrepreneurship through access to information, training, credit facilities, and other forms of assistance. d) Monitoring and Evaluation
i. Monitor and recommend business-process improvement for MSMEs;
ii. Establish a feedback mechanism among the MSMEs in the respective jurisdiction of Negosyo Centers. e) Perform such other functions that may be assigned by the MSMED Council as germane to RA 10644 and other related laws. Who can avail of the services offered by the Negosyo Centers? MSMEs defined in Section 3 of R.A. No. 9501 may avail of the services of the Negosyo Center, to wit: " any business activity or enterprise engaged in industry, agribusiness and/or services, whether single propritorship, cooperative, partnership or corporation whose total assets inclusive of those arising from loans but exclusive of the land on which the particular business entity’s office, plant and equipment are situated, must have value falling under the following categories:
Micro : not more than P3,000,000
Small : P3,000,001 - P15,000,000
Medium : P15,000,001 - P100,000,000
The above definitions shall be subject to review and adjustment by the Micro, Small and Medium Enterprise Development (MSMED) Council as mandated by R.A. No. 6977, as amended by R.A. No. 8289.
