The term "red tape" comes from the
16th century process of binding with red ribbon
official documents for government use.
In the 21st century, businesses are constrained
by the figurative red tape, with protracted, confusing, and
redundant government processes causing delays and wastage,
deterring would-be investors from setting up shop in a particular
jurisdiction.
Recognizing that red tape is a primary concern of foreign
investors, the Philippines has recently introduced systems that aim
to make government processes simpler and faster. In this article,
we provide an overview of these new systems. We also provide
comments on how these systems can be further improved.
Ease of Doing Business Law
