Whether you are planning to start your own car parts dealership, bakery, hardware, restaurant, computer shop, or whatever single proprietorship business it may be, the first thing you must do is to register your business name with the Department of Trade and Industry (DTI).
Why do we need to register with DTI? Basically, it’s because it is required by the Philippine law. It is the first step to legalize the presence of your business in the Philippines. You also need to comply with this and other government requirements in order for the law to protect your business and your brand (which is your business name). Also by doing this, you can prevent other businesses from using your name.
Here are the simple steps to register your business name with DTI:
1. The requirements
- Requirements for Filipino business owners
– Must be a Filipino citizen, at least 18 years old
– Filipinos whose names are suggestive of alien nationality must submit proof of citizenship such as birth certificate, passport, and other government IDs.
– Processing Fees, depending on the territorial scope (add P15 for the Documentary Stamp):
A. Barangay – P 200.00
B. City / Municipality – P 500.00
C. Regional – P 1,000.00
D. National – P 2,000.00
- Requirements for Foreign business owners – All documents executed abroad must be authenticated by the proper Philippine embassy or consulate.
– Interview sheet with interviewer’s findings and recommendation
– Duly Accomplished Forms:
A. Business Name Application form
B. Form #17- Foreign Investor’s Application
– ID pictures (Passport Size, 7 copies)
– ACR, Special Investors Resident Visa (SIRV), or passport
– Notarized Appointment of Filipino Resident Agent
– For Non-Resident Alien: Proof of Inward Remittance of Foreign Currency with Peso Conversion
– For Resident Alien: Bank Certificate of Deposit
– Authority to verify Bank Accounts/Bank Certificate of Deposit
– Certification from Resident Alien not seeking Remittance of Profits and Dividends Abroad
– If investment includes assets other than foreign exchange, copy of valuation report from Central Bank.
– Fees (in cash) for Business Name Registration Certificate
A. Single Proprietorship – P300.00
B. Filing Fee – P500.00
C. Registration Fee – P5,000.00
– In case of alien retailer, current year’s permit to engage in retail business per RA 1180 (Amended by RA 8762 – Retail trade rationalization of 2000)
- Additional requirements on case-to-case basis depending on examination of the application. (i.e. If business requires practice of profession: submit photocopy of Philippine Regulation Commission (PRC) license or Integrated Bar of the Philippines membership).
2. The steps
- Check DTI’s business name inquiry site if the business name of your choice is still available.
- Fill out the application form online (copies can also be obtained from DTI-Field offices – see below). Indicate at least three (3) preferred business names. If the name you have chosen is similar or confusingly similar to an already registered business name, your next preferred business name will be considered.
- Submit the application form together with the documentary requirements, and pay corresponding fees to appropriate DTI office. Online submission and payment is available as well.
- After evaluation of the application form and documents, applicant will be advised accordingly of the next step (in-person for walk-in clients and e-mail notification for those who submitted online).
- Issuance of Certificate of Business Name Registration
- The issued certificate is valid for 5 years and shall be valid only at the business address indicated in the application. In the event the registered owner wishes to open other branch offices within the Philippines, business owner must apply for a separate registration for each.
- Processing Time:
One (1) Day – Application filed at DTI offices in the National Capital Region
Five (5) Working Days – Application filed at DTI Offices outside NCR
3. Where to Register
- For businesses outside Metro Manila, application can be filed at the nearest DTI office in your business location, or at the DTI website.
- For businesses within Metro Manila, you can file an any of below DTI offices or at the DTI website:
AREA I- Manila, Pasay, Paranaque
2nd Flr., Park and Ride
Tel. No. 536-7153
AREA II- Makati, Pasig, Pateros, Taguig, Muntinlupa, Las Piñas
Unit 208 2nd Floor, Atrium Bldg., Makati Ave., Makati City
Tel. No. 864-0847 or 864-0829
AREA III- Mandaluyong, Marikina, Quezon City, San Juan
Ground Floor Highway 54 Plaza, Mandaluyong City
Tel. No. 706-1767 or 706-1703
AREA IV- Caloocan, Malabon, Navotas, Valenzuela
5th Floor, Araneta Square, Monumento, Caloocan City
Tel. No. 362-7664 or 332-0854
Once you have registered your business name with the DTI, you may proceed in applying for a Barangay Clearance and Business (Mayor’s) Permit for your business. Click here for the complete list of basic government requirements when starting your own business to serve as your ‘uncomplicated’ guide.
***Above requirements and steps subject to continuous revision and update by the DTI. You may call DTI at the above numbers or visit their website to check for updates. If the application forms above contain broken links, click here for the list of forms available for download.
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