REGISTERING A BUSINESS NAME IN DTI BAGUIO CITY

by: Aether 

Have you decided to start a business?

Have you already given it a name or a unique trademark?

Are you sure that business name is taken or not from barangay to regional or to national?

If you want to have the sole right to use the business name, register it with DTI (Department of Trade and Industry).

You may register your business name by visiting the DTI regional or provincial office or Negosyo Center nearest you. You can also apply online through the Business Name Registration System (BNRS).

If you decide to apply through walk-in, you may download the business name registration forms for you to print two copies and accomplish them prior to your visit.

This is the sample of the Business Name Registration Form:

These are the instructions in accomplishing the forms:

*I went to DTI BAGUIO City Hall at One – Stop Shop and inquire about how to register my business name for my sari-sari store. They gave me the application form and fill it up. They ask me if, what is my proposed business name in order to check it out if it’s not yet taken and what business scope do I want?

These are the business name scope :

1.     Barangay (worth 200 pesos)

-         You can use this if you want to stick in your barangay area only.

-         You can branch out within your barangay using your registered business name.

2.     City or Municipality (500.00)

-         You can use the business name and branch out within your Municipality or City only.

3.     Regional (1000.00)

-         You can use the business name and branch out throughout your region only.

4.     National (2000.00)

-         You can use the business name and branch out your business anywhere in the Philippines.

You need to think twice about what type of business name scope will you choose. For me, my business is within the barangay area of Baguio City but dreaming to branch out or transfer my business to a more populated area where traffic is denser. So, I decided to choose the Municipal/City and paid 500 pesos plus 30 pesos for the stamp.  The advantage is it’s cheaper and it serves its purpose while the disadvantage is  I can have the sole right of the business name within Baguio City only. Meaning I can have same business name in other areas in the Philippines. If you want a business and hope to venture around the Philippines sooner then choose National.

I received my Certificate of Business Name Registration after a day upon registration. The validation of the BN certificate is 5 years and it ’s renewable. 

Purpose of Business Name Registration:

a)     The primary purpose is to provide protection to the public dealing with a

business establishment through disclosure of the identity and citizenship of the person owning the business as well as other facts of records in the Department of Trade and Industry.

b)     To prevent a business establishment from using a name that is identical or confusingly similar to the name of another registered business establishment.

QUALIFICATIONS:

 A person who is at least twenty-one (21) years old, doing business or proposing to do business in the Philippines under a Business Name and who is not disqualified by any existing law or regulation to engage in business isrequired to register under the BN Law.

REQUIREMENTS:

The applicant must be a natural born Filipino citizen and shall comply with the following requirements:

a)  Duly accomplished application form in the prescribed format;

b)  Payment of the prescribed fee and documentary stamp tax;

c)  Original and clear photocopy of any of the following:

1.  Voter's Identification Document (ID);

2.  Postal ID;

3. Passport;

4. Driver's License;

5. Professional Regulations Commission (PRC) ID;

6. Government Service and Insurance System (GSIS) e-Card;

7.Social Security System (SSS) Card;

8. Senior Citizen ID;

9. Persons with Disability ID;

10. Government Office ana Government Owned and Controlled Corporation- issued ID'

11.Integrated Bar of the Philippines ID; and

12. Suefi other IDs that the Director may deem fit to establish the identity

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If you want to find out about BMBE (Barangay Micro Business Enterprise) click the link below:

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Thank you!

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Reference :
Retrieved on July 26,2018 from https://www.dti.gov.ph/