I am starting a series of posts chronicling my exploits as an Entrepreneur. I am hoping that my experience in dealing with different agencies help out novices out there.
The first step is to get your business name registered. At dti.gov.ph, you get the basic steps. It is highly recommended that you come to the DTI office since the BNRS page isn't very reliable.
Before going to the DTI office, arm yourself with a government-issued ID and several business name options. I prepared three.
Though most government agencies open at 8am, people fall in line at the DTI office earlier than that. I found out that they usually reach their quota by 8AM. I arrived at 6:45AM and I was already 29th in the queue. The Highway 54 branch's cut off is 140 customers. Be sure to fall in line really early. Since January is the month for business permit renewal, expect to see long queues everyday.
Upon arriving, get forms from the guard on duty. Be sure to fill up the right ones because people go to the DTI to register new business names, renew or cancel their existing name.
First Window: Receiving. This section will request for your ID and clarify the data on your DTI forms. This stage doesn't take too long.
Second Window: Registration. This is the part where business names are checked in the database. If your name is unique enough, this stage will be a breeze. However, if you were like me, who had to give 9 names, it will take really long. Their database search isn't really fast. (UNDERSTATEMENT!)
Third Window: Cashier. After your name gets approved, you pay the corresponding fee. If the scope of your right to hold the business name is quite small, then the fee is minimal. This stage is quite fast too.
Fourth Window: Releasing. Your name will be printed out in a certificate that is also stamped with the DTI seal. Your business name is now official.
All in all, it took me three hours of processing time and one-and-a-half hours of waiting time. I fared better than most of the registrants.
The first step is to get your business name registered. At dti.gov.ph, you get the basic steps. It is highly recommended that you come to the DTI office since the BNRS page isn't very reliable.
Before going to the DTI office, arm yourself with a government-issued ID and several business name options. I prepared three.
Though most government agencies open at 8am, people fall in line at the DTI office earlier than that. I found out that they usually reach their quota by 8AM. I arrived at 6:45AM and I was already 29th in the queue. The Highway 54 branch's cut off is 140 customers. Be sure to fall in line really early. Since January is the month for business permit renewal, expect to see long queues everyday.
Upon arriving, get forms from the guard on duty. Be sure to fill up the right ones because people go to the DTI to register new business names, renew or cancel their existing name.
First Window: Receiving. This section will request for your ID and clarify the data on your DTI forms. This stage doesn't take too long.
Second Window: Registration. This is the part where business names are checked in the database. If your name is unique enough, this stage will be a breeze. However, if you were like me, who had to give 9 names, it will take really long. Their database search isn't really fast. (UNDERSTATEMENT!)
Third Window: Cashier. After your name gets approved, you pay the corresponding fee. If the scope of your right to hold the business name is quite small, then the fee is minimal. This stage is quite fast too.
Fourth Window: Releasing. Your name will be printed out in a certificate that is also stamped with the DTI seal. Your business name is now official.
All in all, it took me three hours of processing time and one-and-a-half hours of waiting time. I fared better than most of the registrants.
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