How to Register your Business Name

We just acquired our new business name, EveryBuddy's Office and School Supplies Trading. It was actually a tedious task arriving at the finality of it all.

Here's a tip on how we went through the process and more likely, the same process you'll go through should you be interested in starting one.

Present the requirements at any DTI office including two copies of duly accomplished application form signed by the owner and an original copy of one photo-bearing national issued Identification Document (ID) with signature.

Also, pay the registration fee according to your target business scope: P200 (Barangay), P500 (City/Municipality), P 1,000 (Regional), and P 2, 000 (National).  Pay an additional P 15 for documentary stamp tax.

For foreign applicants, they are required to present the original and a clear certified copy of the Certificate of Authority to engage in business in the Philippines per Republic Act No. 7042 as amended (Foreign Investment Act), Republic Act No 8762 (Retail Trade Liberalization Law) or other similar laws, if applicable. (Department Administrative Order 2010-08 Section 6)

Follow this step-by-step guide on how to register your Business Name:

Credit: Department of Trade and Industry