Department of Trade and Industry (DTI)
Register your business name in the Department of Trade and Industry (DTI). For sole proprietorships, register through the DTI Business Name Registration System. For corporations, register with the Securities and Exchange Commission (SEC). For cooperatives, register with the Cooperative Development Authority (CDA).
To register for a Certificate of Registration (COR) with DTI, prepare your business name first. Confirm the availability of your business name. Fill up the online registration form. Pay a registration fee. Keep your receipt and copy of the form as proof.
You may register at your nearest DTI office. Bring an application form and valid ID. Online company registration and tax payment are also required by law.
A DTI Registration is the first step before applying for a Certificate from the Bureau of Internal Revenue (BIR) and Business Permit. The registration is valid for five years from the registration date. Determine your business category and choose an easy to recognize business name that is not already used. Consider what your business offers and the industry it is in. The name should be easy to remember.
Online Business Registration
Do I need to register my online business in the Philippines?
Yes, even online businesses need to be registered. Through DTI’s Business Name Registration System (BNRS), you can register your business name and obtain your certificate online. This process includes payment and is entirely done online.
If you want to run a small business or become an online seller, registering with the DTI is necessary. The DTI Registration is essential prior to obtaining other necessary documents like a Mayor’s permit and BIR Registration, which are required for a license to operate.
Foreign Business Registration
A foreign national needs the Authority to Engage in Business to obtain a DTI permit online.
Legal Requirements
Online company registration and tax payment are mandated by law. Knowing these tasks may alleviate concerns.
DTI Registration is necessary before applying for a Certificate from BIR and Business Permit. It is valid for five years from the registration date.
What is the law about online business in the Philippines?
It requires the same registration process as any other business. You need to confirm the name’s availability, register it, pay the fee, and keep the proof of registration.