Guide on DTI Business Registration Fee Based on Business Scope
DTI BUSINESS NAME REGISTRATION FEE – Here is a guide on how much you must prepare based on the scope of your business.
Starting a business is not all about getting a space where you can sell your products, choosing the things you will include in your menu, setting the target customers, preparing the working capital, etc. While all of these are really part of the process, there are these basics you must not forget if your business is not freelance.
One of the basics is having your business name registered to the Department of Trade and Industry. More commonly called DTI, it is the main economic agency of the country that focuses on the operation of businesses across the nation and the empowerment of consumers.
The registration of a business name to the Department of Trade and Industry (DTI) gives you the legal authority over the said name to be used in a business. It is also to assure that no other business is using the said name and you will not be sued for using a name already registered by another business to the government agency.
The DTI registration of a business name is one of the basics which further includes compliance of barangay clearance, TIN, and several other important documents. You also need to secure a Business Permit or a Mayor’s Permit from the local government unit where your business plans to operate.
With regards to the DTI Business Registration Fee, it actually depends on the scope of the operation of your business. Will it operate within the barangay? Within the city or municipality? Or regional or national level?
The wider the scope of the business, the bigger the amount you must prepare for the DTI Business Registration Fee. Based on an article on My Business Academy, you may refer to the DTI Business Registration Fee below based on the business’ scope:
- Barangay – P200.00
- City / Municipality – P500.00
- Regional – P1,000.00
- National – P2,000.00
To register, you can do it online. For a guide, you may visit – DTI Business Name Registration: How To Register Your Business Name Online.
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