Today, we’ll be talking about registering your business name with the Department of Trade and Industry (DTI) in the Philippines.
Proper Agencies for Business Name Registration
- Department of Trade and Industry (DTI) – for sole proprietorship
- Securities and Exchange Commission (SEC) – for partnerships or corporations
- Cooperative Development Authority (CDA) – for cooperatives
Business Name Approval
- To be used for business that is illegal, offensive, scandalous, or contrary to propriety
- (e.g. Popoy’s Jueteng Betting Place, Boobs Massage Services);
- Identical or which nearly resemble business names already registered with government office authorized to register names
- (e.g. Starbax Cafe, Nasyonal Bookstore);
- Composed purely of generic words
- (e.g. Cubao, The Drinking Place);
- A name by which by law or regulation cannot be appropriated
- (e.g. Intelligence, State College, CALABARZON);
- Used to designate or distinguish or suggest the quality of any class of goods, articles merchandise or service
- (e.g. Best Sisig Factory, Top 1 Repair Shop);
- An abbreviation of names of any nation, inter-governmental or international organization
- (e.g. WHO Marketing, DTI Health Services);
- Misleading, deceptive or which misrepresent the nature of business
- (e.g. XYZ Marketing Services where the business is actually of business nature)
General Instructions in Registering Business Name
You can either apply online or over-the-counter. I’d advise you to do over-the-counter instead so that you can be able to ask questions personally. Also, when I went there, most application forms of online applicants were misplaced so it was actually inconvenient. We’ll be talking about OTC business name registration at DTI here.
1. To save you the hassle of being asked to go to another office, find out which area office you should go to.
2. Accomplish the application form through the office itself. Only the owner of the business or his/her Attorney-in-Fact (who is authorized in a proper legal instrument) is authorized to sign all the forms.
- Business Location: Indicate full business address. Make sure that your address is correct as officials are very particular about this.
- TIN: Indicate the TIN duly issued by BIR to you as an individual taxpayer.
- Must be of legal age (at least 18 years old)
- For Filipino applicants, present (1) nationally-issued valid ID:
- Birth certificate
- PRC ID
- Voter’s ID
- Valid passport.
- For Foreign nationals, present the following, if applicable:
- Certificate of Authority to Engage Business in the Philippines
- Certificate of Authority to Engage in Retail Trade
- Business Name Registration Fee
- Barangay – P 200.00
- City/Municipality – P 500.00
- Regional – P 1,000.00
- National – P 2,000.00
- Documentary Stamp Tax – P 15.00
- Surcharge for late Renewal Application – 50% of Registration Fee
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