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DTI Business Name Registration: A Step-by-Step Guide for Entrepreneurs
Before you get to the fun part of starting a biz, register your company with DTI to ensure successful operations.
Congratulations! You’re almost ready to launch your dream business. But before you fully open shop, don’t overlook the essential step of registering your enterprise to make your biz legit. This guide equips you with everything you need for your DTI business name registration, along with tips to boost your brand’s success.
Why You Need to Register Your Business with DTI
Registering your business will give you exclusive recognition and access to government services and incentives.
Registering your business may seem intimidating. But thanks to technology, what used to be a tedious process has become quick and easy for any entrepreneur. Here are some benefits to look forward to when you register your business.
Exclusive Recognition
Securing a business name will give your brand a unique identifier necessary for transactions. For instance, when you register your company, your business name and registration number will appear on your receipts and invoices.
If you plan on accepting card payments, you’ll also need your DTI business name registration to activate card payments on your online payment gateway.
Protected Business Identity
Completing your DTI business name registration will give you legal rights within your coverage area. This means that once you secure your business through DTI, no other entity can use the same name as yours. Your business is legally recognized by law. Plus, you can use your business name on official documents and receipts.
Easier Access to Services and Incentives
When you register your business, you’ll gain access to valuable government services and incentives such as your business permit, government contract, training programs, and other resources that can help grow your brand.
Compliance with Tax Requirements
Registering with DTI also makes it easier to obtain a Tax Identification Number (TIN), a prerequisite for fulfilling tax obligations. The Business Name Law also makes it illegal to use a business name that isn't yours or isn't registered with DTI.
DTI Registration Requirements
Now that you’re all geared up for your DTI business name recognition, here are the requirements you’ll need:
- Business name: Choose a unique name in line with DTI registration requirements. Ensure it resonates with your brand and vision.
- Scope of business: This refers to your territorial scope (barangay, city/municipality) and business address.
- DTI registration fee and documentary stamp tax (DST): The exact registration fee will depend on the scope of your business and include an additional ₱30 for documentary stamp tax (DST).
- Valid ID: Bring a valid government-issued ID such as your driver’s license, passport, TIN, SSS, or postal ID for verification purposes. Foreign nationals can also apply for a DTI business name registration, provided they’re at least 18 years old, and submit supporting documents to any physical DTI office before proceeding to the DTI online registration.
Step-by-Step Guide to Registering Your Business with DTI
Before registering online, ensure a stable network connection and be ready to make an online payment.
You’ll need to pay a fee when registering, so be ready to make an online payment via credit card, debit card, GCash, or bank deposit.
Step 1: Visit bnrs.dti.gov.ph.
Step 2: Fill out the owner’s information.
Step 3: Nominate your business scope and name.
Step 4: Get your reference code.
Step 5: Pay the DTI business name registration fee.
Step 6: Wait for the Certificate of Business Name Registration.
Step 7: Click on Register New Business to complete your registration.
Now that you’ve completed your DTI business name registration, you’re all set to apply for a business permit and operate! Depending on your area, you may need to apply for local business permits from the city or municipal government before operating legally. This may include a mayor’s permit, barangay clearance, and other licenses.
Boost your brand’s visibility and get the word out! When promoting businesses, today’s entrepreneurs have the world at their fingertips. Market your business on social media to your target audience. Register your business with Google to give potential clients access to your company’s location, hours of operation, and reviews (hello, customer raves!).
Of course, securing a stable internet connection with a GFiber Plan or Prepaid Fiber WiFi is necessary when completing your DTI online registration. Starting a business is an exciting time. But it doesn’t come without challenges. Complete your DTI business name registration todayto start realizing your dreams of building an empire one day.
