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Thursday, August 31, 2023

Department of Trade and Industry

The DTI is responsible for realizing the country’s goal of globally competitive and innovative industry and services sector that contribute to inclusive growth and employment generation.

WHAT IS BUSINESS NAME?

Business Name (BN) shall refer to ANY name that is different from THE TRUE NAME OF AN INDIVIDUAL WHICH IS USED OR SIGNED in connection with her/his business on any written or printed receipts, including receipts for business taxes, duties and fees and withdrawal or delivery receipts; any written or printed evidence of any agreement or business transaction; and any sign or billboard conspicuously exhibited in plain view in, or at the place of her/his business or elsewhere, announcing his /her business.

How much is the registration fee?

Registration fees will be based on your chosen territorial scope: Barangay - PhP 200 City/Municipality - PhP 500 Regional - PhP 1,000 National - PhP 2,000 All registration fees are subject to an additional PhP 30 Documentary Stamp Tax. An additional 50% will be charged for late filing of your Business Name Registration.

What is a Territorial Scope?

Territorial Scope refers to the extent of the geographical area within which the pertinent business may locate its offices, stores, shops, branches, manufacturing or processing plants, or other business structures, or where the pertinent BN may be used without prejudice to engaging in business elsewhere. It is not to be considered as the geographical limit in which to transact business.

Can I use the terms “company”, “corporation”, “incorporated” or “cooperative” as part of my BN?

No. Only a partnership or corporation registered with the Securities and Exchange Commission (SEC) can use the words “company”, “corporation” or “incorporated” as part of their business name, while the word “cooperative” can only be used by cooperatives registered with the Cooperative Development Authority (CDA).

Contacts

Telephone: Text/Viber: (0917) 863 0669 / (0917) 597 6362 Mobile Phone: (0917) 595 3930 Email Address: bnrshelpdesk@dti.gov.ph

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