How to Register Your Business Name In The Philippines
July 2, 2022
How do you register your business name in the Philippines?
- Prepare an available business name
- Fill up the application form online
- Settle the registration fee
- Download the certificate online
A business name is a legal name given to your enterprise. This will be used for transactions that are related to your business and will appear on receipts, government paperwork, and the like. The benefit of doing this is that no other business can use your business name. If you’re planning to be an entrepreneur, this is one of the things that you should learn about. If you want to know how to register your business name in the Philippines, keep on reading!
Prepare An Available Business Name
A business name is any name other than your true name. It is made up of two parts:
- Dominant Name: Made up of a word, group of words, or combination of numbers and letters. This is the main portion of the business name.
- Business Name Descriptor: Describes the nature of your business.
You can confirm the availability of the business name through the DTI website. Later on in the online application process, you will also be able to check name availability.
Fill Up The Application Form Online
Once you’re ready to register your business name, you can visit the DTI Business Name Registration System (BNRS) and start filling up the form online. You will be asked to fill up the information about yourself, your business, and the business name you want to register.
You will also be given a reference code. Take note of this because you will use it for your transaction.
Settle The Registration Fee
After completing the online application form, you will need to pay the registration and transaction fees within a limited time period. There are online payment options for your convenience.
Download The Certificate Online
Once your payment is processed and confirmed, you can now download your certificate. Congratulations on successfully registering your business name. You can go to the BNRS at the DTI website and type in your reference code in the Transaction Inquiry. Once you provide the verification code sent to your email, you can download the certificate and have it printed in colored ink.
Your business name will be valid for 5 years. You can renew your business name 180 days prior to the expiration date and up to 90 days after the expiration date if you want to avoid penalties.
Registering a business name is very easy since you can now do it online! You can complete the application in one sitting. Just make sure to check first if the name is available. You can also pay the fees online, so you don’t have to go out of your home. After that, you can download your certificate!
Knowing how to register your business name in the Philippines is one of the important steps in starting your own business. If you want to become an entrepreneur, it’s one of the first things you need to do. If you’re interested in more business tips, you can contact us here. Benito Keh is an experienced businessman with years of experience in the industry, and he can help you on your journey to entrepreneurship!