One of the first issues that one encounters when putting up a business in the Philippines is applying for a business name. The steps for applying for a business name in the Philippines are pretty easy. You just fill out a form, submit your Tax Identification Number, email, Zip Code, the business name application form, and pay the corresponding fee.
One particular item we need to discuss is the different requirements (documents, information etc.) we need to provide when applying for a business name. The list of requirements for a business name application is different for a single proprietorship (i.e. a business that has only one owner running it) and a corporation/partnership. Here's what we need to register a business name for different types of businesses.
Let's start with the most basic form of business, a sole proprietorship and its requirements for an application for a business name. The applicant for a business name should be at least 18 years old. The applicant for a business name of a sole proprietorship must be a Filipino citizen.
You will also be required to submit two ID pictures (size two inches by two inches, or your regular ID photo size). The photo should have been taken within one year of applying for the business name. You should place your signature at the back of each photo.
If the Filipino citizen's name seems to be of foreign nationality he is to submit proof of his citizenship. Requirements to provide proof are documents like a birth certificate, PRC ID, and a voter's ID. If the applicant for a business name is a naturalized citizen he must submit a Naturalization certificate and Oath of allegiance, an affidavit of election, or an ID card issued by the Integrated Bar of the Philippines or Professional Regulatory Commission.
Lastly, a business name applicant should pay a fee of Php 315 for processing and documentary stamp.
Now let's move on to corporations, partnerships or cooperatives. Other than the above mentioned requirements, when applying for a business name we would need the following as standard requirements for corporations and partnerships. First would be a filled out application form. You would also need a photocopy of the SEC and CDA registrations. Applicants for a business name should also submit their articles of incorporation if they're putting up a corporation, partnership, or cooperative.
You will also be required to submit a board resolution for the registration of the business name and the address of the business (i.e. if it is applicable -- some businesses don't have a fixed physical address). Lastly an applicant corporation for business name is required to pay Php 500 as a processing fee.
When putting up a business in the Philippines one must decide the type of business and submit the application requirements to apply for a business name.
[Tags]Business, Philippines, Business Name, Filipino, SEC, CDA[/Tags]
To whom it may concern:
Where do you get the Business Name application form?
Is there a website where it can be downloaded?
Thanks,
Mrs. E. Vitug
To Mrs. E. Vitug,
You can download the application form in the DTI website: http://www.dti.gov.ph. You can also apply for a business name online using that website. All you need to do is to register and fill-up the online application form.
Hi! My partner is a foreigner. Are there more expenses in having a foreign investor?What are the requirements for a business with my partner as a foreign national? Thank you!
hello,
I am planning start my own small-time business but i prefer to base it at home. Is that possible? can i register a business as home-based? I really don't need the office space since I work alone and I only need to use my PC at home. How do i go about this?
Thanks.
Jerome
Is a government employee allowed to apply for a Sole Proprietorship form of business? If so, can he appoint another person to manage the business?
Is it possible to put up business in the Philippines as sole proprietor wherein the applicant already renounced being Filipino citizen and currently a Singapore Citizen?
Please advice, thank you.
how much will it costs to acquire all those said requirements?
yes, anyone is allowed to go into a business or to apply for a sole prop business, yes he can appoint any person he wishes to manage his business.
To whom it may concern..,
My boss would like to build a Business Consultant Agency
what is the requirements about that business....
thank u
hi where can i get the business name application to file under a corporation?
thank you
hopefully, the new elected officials will make a change for the better of the Filipino people and the trabaho industry. Let's pray that Noy Noy will do a better job than GMA.
Hello admin.
Im planning to start a very small business. Im putting up my own brand name but will only be selling online. that means i wont have my own shop/store. Is this where im going to apply too? i really need help because i want everything to be legal and i want the brand name to be registered.
thank you and hope to hear from you
Interesting writing! Are there any opinions that you might be able to voice in order to justify the first part a small amount further? thanks
dude.. when i applied for a business name online it ask me what business type am i in to
MAIN
BRANCH
FRANCHISE
DEALERSHIP
my plan is to have my own name and have multiple franchises under my name
ex. BUSINESS NAME - DUDE FOODS
under it are: MANG INASAL ; MCDO ; JOLIBEE ; ALING NENES CARINDERIA
what should i choose? MAIN? or FRANCHISE?
Thanks a lot!
i have a corporation namely: Gimoto Corporation and we are operating under the name of Rai Spa. Now i am planning to open a common spa inside the vicinity of my original spa and planning to give it another business name.Bale, there will be two businesses under a corporation. where should i register my new business, will it still be with SEC or DTI?
hello everyone i need help about online store.now im planning to create my very own online store,but im a reseller my products to sell is from direct supplier or direct warehouse,like buy and sell? do i need to get licensed as reseller of the product? do i need to get custom tax sales tax dti? i want my store to be legit so my customer will safe to order..thanks
We started an animal farm in the philippines, i just wondering if we are required to register our farm? please let me know, and how i could get any imformation about it. thank you and I do appreciate.
Im planning to start my business.. what are the procedure for registration of my business? can you give me the step by step procedure..
its a sole proprietorship. and food cart business. thank you
Can a foreigner engaged into a resort hotel business under a single proprietorship scheme? What about the land upon which the business will be put up, can he owned that?
Thank you and hope to hear from you very soon.
Hello there. I wanted to put up a center for children with special needs. Is it all right if I will have one incorporator who is a foreign national. We will be 4 Filipinos and one foreign national. This is a non stock, non profit organization to help our Filipino children wih special needs.
Thanks a lot and look forward to hearing your response.
Hi! what requirements that i need to apply. I have business Its already registered in Australia then i want to register here in Philippines Im Filipa. I want to know..Thanks
To Admin.
Hello, I hope someone could answer my query.. I have an online business & I am in & out of the country. I have a foreigner friend who's interested on setting up a business in Cagayan de Oro City Mindanao & hopefully expand in Manila. He's never been to the Philippines but yet he's very interested in setting up a business here. My question is. 1.What are the process as for him being a foreigner?
2.What is he needed to start a business?
3.What the requirements do he needed?
4.What type of Visa do he need even though he's just going in & out of the country?
If there's anything He need Please advice us.. Hope to hear from u soon.. Thank u:)
Have a good day:)
And last but not the least. What are the cost? Thank u:)
Hi. My mom and I are thinking of putting up a business, and I would like to know if the BRAND name (not business name, I have already checked that with DTI)we have in mind is already taken or not -- where can I check this? Any help would be greatly appreciated. Thanks!
my fren wants to put up a training center here in the philippines what agency do we need to go
dti because single proprietress
it is need of poea licensed
how about tesda??
reply asap
Can I put the word "Company" after the name of my business to be registered as a Sole Proprietorship?
Thank you.
hello , me and my friend is planning to put up a buss, as partnership , we are both filipinos of legAL age, where can we registeras partners, where can i get from
thank u
i am about to go on contracting bussiness in civil works,now i am bewilder to where i got start.could somebody help me.
im planning to start a refrigeration shop business how can i register to this business,what is the connection of tesda in applying this kind of business?
Hello,
I would like to start a school for short term courses. I have tons of questions:
1. Aside from registering with SEC and securing all the necessary permits and documents (Stock Corp), do I have to get approval from TESDA for my curricula? or does TESDA has its own standard curricula?
2. For pre-school to kindergarten, do I need to get approval from DepEd? Who/where do I go to secure approval to operate a pre-school to kinder levels?
3. Does DepEd have a standardized curricula? I made my own. Do I have to get approval from DepEd for my curricula?
4. These are just some of the burning questions that need priority at this time.
Your timely assistance on this matter is greatly appreciated with sincerity.
Thank you.
we want to register our association,but we don't know were are we going to start.please help us
I want to put up a foreign language learning center.
What are the requirements or permits I need to secure?
thank you.
if i apply for sole proprietorship for a business, does that mean that it is my own property not with my family.
I am in US and looking forward to open a small store in my Province in Philippines. Is there any possible way that I can register/permit license in my business on my name? thank you.. Christina
I am very grateful that you shared me a very reliable information that will help me and other Filipinos around who wanted to start their own businesses too.
I am very grateful that you shared me a very reliable information that will help me and other Filipinos around who wanted to start their own businesses too.
I am very grateful that you shared me a very reliable information that will help me and other Filipinos around who wanted to start their own businesses too.
I am very grateful that you shared me a very reliable information that will help me and other Filipinos around who wanted to start their own businesses too.
I am very grateful that you shared me a very reliable information that will help me and other Filipinos around who wanted to start their own businesses too.
I am very grateful that you shared me a very reliable information that will help me and other Filipinos around who wanted to start their own businesses too.
Thanks for posting this guide. I am trying to setup a online business at home, which I would like to have registered in my home. Will I be needing to get the approval of the home owner's association, even if its just an online business and not an actual shop? Currently, I just post to free classified ad sites like olx.ph ayosdito.com and mybenta.com, but will would like to be registered to have the necessary paperwork.
How about registering an online business? What would be the main difference for it? I am currently selling online and posting my ads in free classified ads sites like olx and mybenta at the moment, but I would to be able to send out sales quotes to offices, so I would be needing to have my small online business registered.
Hello. I had a business name already. We wanted our product name to be registered. Where should I go to register our Brand Name. Thank you