Register or renew papers early on: DTI to firm owners

THE Department of Trade and Industry (DTI) in Region 10 yesterday called on business firms and entrepreneurs to renew or register their business names early on, most preferably weeks before the Jan. 20 deadline set by the local governments for the renewal of business permits.

The DTI regional office said registrants only have to spend around 15 to 30 minutes to have their business names registered or renewed.

The renewal and registration of business name through DTI is one of the requirements before a business registrant can acquire a mayor’s permit from the local government.

The DTI said first-time applicants only need three requirements:

• duly accomplished business name application form;
• a valid national government-issued ID with the applicant’s name, photo and signature; and
• a registration fee

The DTI said applicable fees depend on the scope of the business. If the business is only at barangay level, the registrant only needs to pay P200; for city level, P500; for regional level, P1,000, and P2,000 for businesses which extends up to the national level.

For individuals who are tasked to file a business name on behalf of the business owner, they need to bring an authorization letter with the owner’s signature, their personal and the owner’s government-issued IDs, duly accomplished form and registration fee.

Business firm owners who need to modify some details in their business registration need to submit an affidavit of waiver and to surrender their original business name certificate.

Meanwhile, those who wish to cancel or change the scope of their business will have to surrender their original business name certificate and to submit an affidavit of cancellation.

For applicants in Cagayan de Oro, they may file their application for business name registration or renewal at DTI-Misamis Oriental Provincial Office Negosyo Center located at the Ground Floor of State Investment Trust Inc. on Tiano-Hayes streets or at DTI-Region 10 Negosyo Center on Corrales-Luna streets. (pr)