Please read....Business Name Law
DTI will register Single Proprietorship Only
The Department of Trade and Industry (DTI) is mandated by Act No. 3883, as amended, “to regulate the registration and use in business transactions of names other than the true names.”
Business name or style should be used only by a business person after it has been registered with the Bureau of Trade Regulation and Consumer Protection or the nearest DTI provincial office.
DTI provincial offices will no longer register corporations and cooperatives since they are registered under the Corporation Code of the Philippines and Cooperative Code of the Philippines respectively.
This move of DTI is in consonance with the objectives of Executive Order Nos. 428 and 557 aimed to streamline government processes, reduce the cost of doing business and to encourage more investments through the reduction of red tapes.
DTI Secretary Peter B. Favila issued Department Administrative Order No. 11, series of 2008 to effectively carry out the objectives of the said Executive Orders that will simplify rules and regulations when doing business in the Philippines especially foreign investments.
Business name applicants can now apply and wait for the Certificate of Business Name of Registration to be released in less than one hour at the DTI-Quezon.
To facilitate the registration of business names, applicants are advised to observe the following:
a) Properly fill-out the application form available at the DTI provincial office to be signed by the applicant/owner only.
b) Pay the amount of P300.00 only. Official receipt will be issued.
c) Applicants are encouraged to bring documentary stamp worth P15.00.
d) Provide alternative business names where examiner could choose from.
Applicants are advised to transact with DTI staff only.