The process may vary depending on the specific requirements of the DTI office in charge of the application. It is recommended to consult with a legal professional or business advisor for guidance throughout the process.
3. Submit the documents and pay the registration fee to the Department of Trade and Industry (DTI) office that has jurisdiction over the applicant’s place of business.
4. Wait for the DTI to process the application. If the application is approved, the applicant will be issued a Certificate of Registration.
In the Philippines, the process for renewing a Trade Name Registration is similar to the process for initial registration. The business owner must file a renewal application with the Department of Trade and Industry (DTI) before the expiration of the current registration. The renewal application must include the original copy of the current Certificate of Business Name Registration and a copy of the owner’s valid government-issued ID. The DTI will then process the application and issue a new Certificate of Business Name Registration once the renewal fee is paid. It is important to note that the renewal period for Trade Name Registration is every five (5) years. Business owners must ensure that they renew their registration on time to avoid penalties or cancellation of their registration. In case a business owner fails to renew the Trade Name Registration within the prescribed period, they may apply for reinstatement of the registration within six (6) months from the expiration date upon payment of the corresponding fees and penalties. Beyond six (6) months, the owner may need to apply for a new registration.
The fees for Trade Name Registration in the Philippines may vary depending on the specific requirements and procedures of the local government unit or agency involved. Generally, the fees may include filing fees, publication fees, and other miscellaneous fees. These fees are typically paid to the concerned local government unit or agency during the application process. The specific amount and payment process can be obtained from the local government unit or agency where the application will be filed.