The Department of Trade and Industry in the Davao Region is urging entrepreneurs to register their businesses, including their business names, to legalize their operations.
Before getting a business permit from the concerned LGU, those categorized under sole ownership or proprietorship must register their business names first with the DTI. Meanwhile, businesses categorized as partnerships or corporations can register their trade name with the Securities and Exchange Commission . The business name registration certificate is one of the business permit requirements.
Meanwhile, the business name registration from DTI is valid for five years. The local trade chief explained, though, that the certificate from the agency is not yet a license to do business. Business owners have the option to file their BNR application in any of the DTI offices or Negosyo Centers. For more convenience, they can also apply online through the portal bnrs.dti.gov.ph.
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