Having a legit business in the Philippines means going through a lot of processes and registrations, the first step to register your business is to have it’s name registered. Single proprietorship may register their business name in the Department of Trade in Industry or DTI while corporation in Security and Exchange Commission or SEC.
We were talking only the business name registration for single proprietorship through DTI Web-Enabled Business Name Registration System (WEBNRS). In our previous article we already published a tutorial how to register business name with DTI but if you don’t have time to visit DTI offices, this online registration is much better and handy.
Requirements for DTI Business Name Registration Online
The requirements is similar to the offline registration, for local single proprietorship;
- 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, PRC ID, voter’s ID, passport
and for Foreign Investor (Single Proprietorship)
- Photocopy of Alien Certificate of Registration (ACR) updated the current year. Present original for comparison.
- Accomplished DTI Form No.17 under R.A. 7042.
- Current written appointment of Filipino Resident Agent.
- Clearance from other involved agencies such as Department of Science and Technology (DOST), PNP etc.
- In case of alien retailer, current year’s permit to engage in retail business per R.A. 1180.
You can check the full details of the requirements in the FAQ pages of WEBNRS.
Before I forgot you must have at least 2 variations of your business name just in case the name that you want to register already used or registered to other individual, you can visit FAQ’s filing page of DTI online for guidelines and acceptable business name.