Steps to Register Your Business

What’s in a name? A business name is a name under which a business operates. Business name registration is compulsory and must be completed before the business starts operating. Choosing the right name for your new business is extremely important. Your business name distinguishes your products and services from those of your competitors, and helps to establish your identity in the marketplace.

In putting up a business, there are several government agencies you have to register with depending on the type of your business. These are the following:

For Single Proprietorship

STEP 1

Business Name Registration Certificate
Visit Department of Trade & Industry (DTI) Provincial Office or log on to www.bnrs.dti.gov.ph.
Validity: 5 years
Requirements:

• Accomplished Business Name Registration Form [Single Proprietorship/Partnership]
• Tax Identification Number (TIN)
• List of five business names ranked according to preference
• Registration fee of P 300.00

STEP 2

Mayor’s / Business Permit
Local Municipality where the business is located
Validity: 1 year
Requirements:

• Accomplished Business Permit Application Form
• DTI-Business Name Certificate
• Sketch of he business location
• Fire Safety Inspection Clearance
• Sanitary Permit (from City Health Officer)
• Barangay Clearance
• Lease Contract
• 2 pcs 2×2 colored ID picture
• Registration fee, the amount of which depends on the type of the business

STEP 3

Tax Identification Number (TIN)
Bureau of Internal Revenue (BIR) National Office
Agham Rd., Diliman, Quezon City
Trunkline: 981-7000; 981-8888
Email: contact_us@cctr.bir.gov.ph
Website: www.bir.gov.ph

STEP 4

Social Security System (SSS) Certificate
SSS Loans and Investment Office
SSS Building, East Avenue
Diliman, Quezon City
Tel: 920-6401; 920-6446
Email: member_relations@sss.gov.ph
Website: www.sss.gov.ph

Requirements:

• Accomplised R1 form
• DTI Business Permit
• Mayor’s Permit

STEP 5

Department of Labor and Employement (DOLE) Registration (with 5 or more employees)
DOLE-Labor Standard and Enforcement Division
2/F Dy International Bldg.
San Marcelino cor. Gen. Malvar St.
Malate, Manila
Hotline: 527-8000 Tel: 339-2013
Email: osec@dole.gov.ph
Website: www.dole.gov.ph

Requirements:

• Accomplished Rule 1020 form
• Lay-out business location
• Vicinity Map

For Partnership

STEP 6a

Securities and Exchange Commission (SEC) Certificate
SEC Building, EDSA, Grenhills
Mandaluyong City
Tel: 726-0931 to 39
Email: mis@sec.gov.ph
Website: www.sec.gov.ph
Onine registration: iregister.sec.gov.ph/MainServlet

Requirements:

• Verification Slip Form (re: proposed name)
• Accomplished Registration Data Sheet
• Articles of partnership
• Written Undertaking to Change Corporation Name
• If the contributed capital is in the form of property, additional requirement is needed:
  • Deed of Assignment executed by the stockholder who is the owner

For Corporation

STEP 6b

SEC (see above address)

Requirements:

• Articles of Incorporation and Buy-laws
• Verification Slip Form (re: proposed name)
• Accomplished Registration Data Sheet
• Treasurer’s Affidavit
• Bank Certificate of Deposit
• Authority to verify bank accounts
• Written Undertaking to Change Corporation Name when necessary
• Subscribers Information Sheet
• If paid-up capital is a property, submit the following additional requirements:
  • Statement of Assets and Liabilities
  • Deed of Assignment executed by the stockholder who is the owner of the property in favor of the corporation. If the property contributed is a building or a parcel of land, the deed must be presented to the register of Deeds for registration.
  • If the property being contributed is a parcel of land, submit detailed list of the parcel of land showing the OCT/TCT numbers, registered owner, lot and block number, area, location and encumbrances, if any
• Registration fee of P360.00

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