If you are starting up a business in the Philippines, it is mandatory to list it before you start operating. If it is a sole proprietorship, you have to list with DTI (Department of Trades And Industries). If it is partnership or company, list with SEC (Securities and Exchange Commission).
Business Name
You have to select your enterprise title mindfully to differentiate it from your competitors. Your title should recount the nature of your business. It is your persona in the marketplace.
A. Choose a business name
Tips for agreeable business names:
• The origin phrase or phrases of the title will be considered.
• Describes the nature of business
• Comprised solely of notes and/or numerals
• Punctuation that are part of English and Filipino language
Business titles those are not acceptable:
• Those which are or whose nature of business is illegal, offensive, scandalous, or opposing to propriety.
• Those which are equal or which almost resemble business titles currently listed with government agency authorized to list names.
• Names created solely of generic words.
• Names by which by regulation or guideline will not be appropriated.
• Distinguished or suggestive of value of any class of items, items merchandise or service.
• Abbreviation of titles of any territory, inter-governmental or worldwide organization
• Names which are misleading, deceptive or which misrepresent the environment of business
B. Search for a business name:
You may use DTI Online Search Engine to double-check that your favored title has no alike or confusingly alike to living listed names.
C. Register your Business Name:
Visit the DTI Office in the local area where you will put your business.
• Fill out submission pattern with your proposed business name signed by yourself, your agent, or authorized by a exceptional power of attorney.
• Submit 2 equal 2 x 2 id photos taken not more than a year former to your application.
• If your title proposes an alien nationality, present a exact duplicate of your birth credentials, voter’s id or identification for verification of citizenship.
• If you are naturalized civilian, present the initial exact duplicate of your naturalization certificate and oath of allegiance or ID business card handed out by Bureau of Immigration and Deportation.
• If you are a franchise holder, present a copy of franchiseagreement.
• Pay the processing charge of P300 and P15 for documentary stamp.
II. Register Online at www.bnrs.dti.gov.ph
1. Fill out submission pattern by typing the needed information.
2. Submit online and you will obtain transaction quotation number acknowledgment by e-mail.
3. Submit the essential documentation mention in the acknowledgment in DTI agency in your area. The reserve business name online is only up to 3 employed days.
4. Pay your application. Processing charge of p300 + p15 documentary stamp.
For partnership and corporation register with SEC and submit the following:
Partnership:
• Name verification slip
• Articles of partnership
• Affidavit of undertaking to change name
• Filled out submission form
• Filing charge counts on your capitalization
• Or whole acknowledgements after operation
• Other fees: bylaws charge p 210.00, supply & move publication 300.00, documentary mark 100.00
If you are beginning up a business in the Philippines, it is mandatory to list it before you start operating. If it is a sole proprietorship, you have to list with DTI (Department of Trades And Industries). If it is joint project or company, list with SEC (Securities and Exchange Commission).
Business Name
You have to select your enterprise title mindfully to differentiate it from your competitors. Your title should recount the environment of your business. It is your persona in the marketplace.
A. Choose a enterprise title
Tips for agreeable enterprise names:
The origin phrase or phrases of the title will be considered.
Describes the environment of business
Comprised solely of notes and/or numerals
Punctuation that are part of English and Filipino language
Business titles those are not acceptable:
Those which are or whose environment of enterprise is illicit, attack, scandalous, or opposing to propriety.
Those which are equal or which almost resemble enterprise titles currently listed with government agency authorized to list names.
Names created solely of generic words.
Names by which by regulation or guideline will not be appropriated.
Distinguished or suggestive of value of any class of items, items merchandise or service.
Abbreviation of titles of any territory, inter-governmental or worldwide organization
Names which are deceptive, deceptive or which misrepresent the environment of business
B. Search for a business name:
You may use DTI Online Search Engine to double-check that your favoured title has no alike or confusingly alike to living listed names.
C. Register your Business Name:
Visit the DTI Office in the locality where you will put your business.
Fill out submission pattern with your suggested enterprise title marked by yourself, your agent, or authorized by a exceptional power of attorney.
Submit 2 equal 2 x 2 id images taken not more than a year former to your application.
If your title proposes an alien nationality, present a exact duplicate of your birth credentials, voter’s id or identification for verification of citizenship.
If you are naturalized civilian, present the initial exact duplicate of your naturalization credentials and oath of allegiance or ID business card handed out by Bureau of Immigration and Deportation.
If you are a franchise holder, present a copy of franchiseagreement.
Pay the processing charge of P300 and P15 for documentary stamp.
II. Register Online at bnrs.dti.gov.ph
1. Fill out submission pattern by typing the needed information.
2. Submit online and you will obtain transaction quotation number acknowledgment by e-mail.
3. Submit the essential documentation mention in the acknowledgment in DTI agency in your area. The book enterprise title online is only up to 3 employed days.
4. Pay your application. Processing charge of p300 + p15 documentary stamp.
For partnership and corporation list with SEC and submit the following:
Partnership:
Name verification slip
Articles of partnership
Affidavit of undertaking to change name
Filled out submission form
Filing charge counts on your capitalization
Or whole acknowledgements after operation
Other fees: bylaws charge p 210.00, supply & move publication 300.00, documentary mark 100.00
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