MANILA, Philippines – The Board of Investments (BOI) has inked a agreement with the Housing and Land Use Regulatory Board (HLURB) to speed up the processing of applications of various housing permits, licenses and clearances.
The agreement further simplifies business processes and requirements for housing and real estate projects such as locational clearance, development permit, certificate of registration, and license to sell of subdivision and condominium projects.
“It is important that we offer a conducive business environment to investors, a place where they could quickly set up and process their business requirements. An important first step is to make it easy for them to comply with government requirements,” BOI managing head Ceferino Rodolfo said.
“By simplifying business processes and requirements, we make a good signal to the business community and this would entice them to invest more housing projects in the country,” he added.
Under the agreement, HLURB will regularly provide BOI with copies of all relevant rules and guidelines and standards on housing and real estates.
It will also provide BOI with a checklist of all requirements related to locational clearance, development permit, and certificate of registration of subdivision and condominium projects.
The BOI, in turn, will assist its registered business enterprises in the submission and follow up on applications and also coordinate with HLURB copies of all relevant rules, guidelines, and standards on housing and real estate.
The BOI will also initiate and enhance systems of linkages and coordination for the facilitation and resolution of issues and concerns between the two agencies.