New Business Name fee in Effect-DTI
Posted: 17-Jan-2011 / 5 years 32 weeks ago
Baguio City - The Department of Trade and Industry (DTI) is now implementing the new registration fees for business name registration that took effect nationwide early this January. The new rate is based on the territorial jurisdiction covered in the application as stipulated in Department Administrative Order No. 10-10, Series of 2010.
The NEDA approved business name adjusted fees are; P200 for Barangay registration, P500 for city and municipality, P1,000 for regional and P2,000 for national coverage.
BN Registration is one of the principal front-line services of DTI that aims to maintain a nationwide registry of business names on Sole Proprietorship.
The new fee was implemented starting last January 3 2011 after its publication in major newspapers of national circulation.
According to DTI Baguio-Benguet Provincial Caretaker Freda Gawisan, processing of BNs is already made faster but new applicants must fill up an application form, present at least two government issued IDs and submit at least three preferred unregistered names that will be verified and processed subject to the terms and conditions set under the rules of Business Name Law.
Gawisan whose office is located at Manongdo Building, Private Road along Magsaysay Ave. encourages applicants to check and verify if their proposed business name has no similarities to the names already registered with DTI in order to save time and effort. Art Tibaldo/DTI-CAR