How to register your business with DTI

How to Register your small business with the Department of Trade and Industry?

In the past two years, many businesses shut down due to the impact of COVID-19 pandemic and as a result some people lost their jobs. People who have lost their main source of income started to venture into small businesses and others followed suit to have an additional source of income.

There are three types of business structures in the Philippines, which are as follows:

1. Sole Proprietorship;
2. Partnership; and
3. Corporation.

Many small-time entrepreneurs chose sole proprietorship for their business as it is the easiest type of business structure. This type of business structure is owned by an individual who has full control and authority over the business and the sole proprietor is liable for all the debts and losses that might be incurred as the law treats the owner and the business as the same unlike in partnership and corporation.

Do you want to start your own small business but do not know how to register it with the Department of Trade and Industry (“DTI”)?

Fret not, we are here to help you with the procedure.

Prior to the registration of your business, you have to plan what kind of business do you intend to do and acquire the necessary funds for its operation.

Thereafter, you may register your business at DTI, thru online registration at https://bnrs.dti.gov.ph/.

The procedures for registration at DTI are as follows:

1. Prepare at least three (3) business names, in case there be identical names already registered.
2. Fill-out the application form and submit the same before the Department of Trade and Industry.
3. Upon submission of the application form, you will be given a Reference Code.
4. Pay the necessary registration fee thru gcash, paymaya, landbank or thru debit/credit card.

5. Upon confirmation of payment, click register new business. Thereafter, download the DTI Certificate of Registration at https://bnrs.dti.gov.ph/inquiry.Kindly note that for this transaction, you will need the Reference Code previously given to you.
6. After registering with DTI, proceed to the Barangay Hall where the business is located and pay the corresponding registration fee for the certification. Await the release of the Barangay Certificate of Registration.
7. After the Barangay Hall, proceed to the City/Municipal Hall where the business is located.
   The following requirements shall be prepared for the registration at the City/Municipal Hall:
   • Barangay Business Clearance;
   • DTI Registration;
   • Community Tax Certificate (CEDULA);
   • Location Clearance;
   • Certificate of Occupancy;
   • Building Permit;
   • Fire Safety/Inspection Permit;
   • Electrical Inspection Certificate;
   • Contract of Lease;
   • Picture/Sketch of the Site;
   • Public Liability Insurance (for restaurants, mall, cinemas);
   • SSS Registration.
     Pay the corresponding registration fee and await the issuance of the Mayor’s Permit.
8. After the registration with the DTI, Barangay Hall, City/Municipal Hall, proceed with the registration to the BIR Regional District Office where the business is located.Prepare the following requirements:
   1. Tax Identification Number (“TIN”);
   2. DTI Registration;
   3. Mayor’s Permit.

You will also be required to get an Authority to Print Invoice and Book of Journal from the BIR. Upon compliance, BIR will issue a BIR Certificate of Registration.

9. Should you recruit employees, there is a need to register with the SSS, PhilHealth and Pag-IBIG.

We hope that we are able to help you with the procedure of registering your business with the DTI.

For more information, feel free to message or contact us at solutions@fbrtlawfirm.com.ph.

Related Reads:

• Why Your Business Needs Legal Corporate Retainer Services
• 10 Things You Should Know To Successfully Set-Up a One Person Corporation in the Philippines
• SEC Introduces Online Submission Tool

tate.7teen@gmail.com