How to Have Your Online Business Registered with DTI this 2021

Are you seeing a huge opportunity if you start an online business RIGHT NOW despite the pandemic?

Well, you're definitely not alone because 73,276 online businesses registered with the Department of Trade and Industry (DTI) between March 16, 2020 and August 16, 2020 😲 CRAZY, right? And to think that there were only 1,753 online business registrations before the quarantine.

Who knew it would take a pandemic to persuade businesses to undergo digital transformation, and for more Filipinos to set up an online business? But this might also be because the Philippine legislators' are about to make a few reforms and regulations 🤔

But all side comments aside(haha), if you're thinking of starting an online business, and you want to know how to register yours with DTI, keep reading! 👇

Before we begin outlining the steps, let us first clarify the limitations of "𝘣𝘦𝘪𝘯𝘨 𝘳𝘦𝘨𝘪𝘴𝘵𝘦𝘳𝘦𝘥 𝘶𝘯𝘥𝘦𝘳 𝘋𝘛𝘐."

When people say that their business is DTI-registered this 𝗱𝗼𝗲𝘀 𝗻𝗼𝘁 mean that they:

• can issue receipts 📃 (see Bureau of Internal Revenue)
• are already incorporated & can trade financial assets 🤝 (see Securities and Exchange Commission)
• can legally operate their business in the city they are based in 📇 (see Mayor's Permit.)

𝗜𝗳 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗶𝘀 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝘄𝗶𝘁𝗵 𝗗𝗧𝗜, 𝘁𝗵𝗮𝘁 𝗺𝗲𝗮𝗻𝘀 𝗻𝗼 𝗼𝘁𝗵𝗲𝗿 𝗶𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹 𝗼𝗿 𝗴𝗿𝗼𝘂𝗽 𝗺𝗮𝘆 𝗹𝗲𝗴𝗮𝗹𝗹𝘆 𝘂𝘀𝗲 𝘁𝗵𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗻𝗮𝗺𝗲 𝗮𝗻𝘆𝘄𝗵𝗲𝗿𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲𝘀.

Therefore, the more accurate sentence to use if you want to say that your business is registered with DTI is:

"My 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝙣𝙖𝙢𝙚 is registered under DTI."

Business name registration is compulsory especially for those who plan to be single proprietors of their businesses. It must also be completed before the business starts operating.

Now, let's talk about what documents and data should you prepare before registering your business name.

First, you have to check if your business name is available in DTI's Business Name Registration Online Directory. We recommend preparing a list of at least five (5) alternative business names so you would have a back up name in case the first one you picked is not available. Make sure that you include a short description of your business.

Next, decide if you want your business name to be used exclusively in a National, Regional, City/Municipality, or Barangay level. Take note that the cost of each jurisdiction varies:

• Barangay - 200 pesos
• City/Municipality - 500 pesos
• Regional - 1,000 pesos

You also have to prepare the following details:

• Business address of you business
• Your personal information
• Your residential address

After you have prepared all those details, you may go ahead and complete DTI's online registration form in DTI's Business Name Registration Online Portal.

Once you complete and review the forms, and confirm your registration, DTI's BNRS will give you a 𝗿𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗰𝗼𝗱𝗲. Please take note of the code since it will be used all throughout the process, and in getting an online copy of your Certificate of Business Name Registration.

You will then be given details as to how you can pay the registration fee. You may pay via GCash, PayMaya, and even with your Credit or Debit Card. Do not forget to 𝗽𝗮𝘆 𝘁𝗵𝗲 𝗿𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗳𝗲𝗲 𝘄𝗶𝘁𝗵𝗶𝗻 𝘀𝗲𝘃𝗲𝗻 (𝟳) 𝗱𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗱𝗮𝘁𝗲 𝗼𝗳 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻. Otherwise, you have to begin again.

After your payment has been recorded in their system, DTI will email you the Certificate of Business Name Registration. If the transaction is successful but you have not been sent an email of your certificate, you may head over to DTI's Business Name Registration Transaction Inquiry page, enter the 𝗿𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗰𝗼𝗱𝗲, and voila, you can immediately download your certificate! Pretty easy, right?

But all that is really just to register your business name. If you want to issue receipts, legally operate your business, and make sure that your online business and your clients are protected by the law, the next step is to obtain the following:

• Barangay Clearance
• Mayor's Permit
• Registration Certificate from BIR

We'll discuss how you can get the aforementioned in our upcoming posts 😉 So keep posted!

AND CONGRATS for making it to the end of this post! There must be a reason why out of a billion people, YOU chanced upon this and read most of it 🙂

𝗜𝗳 𝘆𝗼𝘂'𝗿𝗲 𝗹𝗼𝗼𝗸𝗶𝗻𝗴 𝗳𝗼𝗿 𝗮 𝘀𝗶𝗴𝗻, 𝘁𝗵𝗲𝗻 𝘁𝗵𝗶𝘀 𝗺𝘂𝘀𝘁 𝗯𝗲 𝗜𝗧 🤍

ALSO if you need a business address that does not hurt your profit margins, 𝘄𝗲 𝗵𝗮𝘃𝗲 𝗮 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗮𝗱𝗱𝗿𝗲𝘀𝘀 𝗼𝗻𝗹𝘆 𝗽𝗮𝗰𝗸𝗮𝗴𝗲 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗺𝗶𝗴𝗵𝘁 𝗯𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝗶𝗻. If you are interested, send us a message on Facebook & we'd gladly help you out!

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