Overview of DTI Business Registration Process
Registering business with Department of Trade and Industry (DTI) is a smart choice for entrepreneurs in the Philippines. The process is straightforward and essential for legal operation. DTI facilitates the registration of businesses, requiring the submission of documents, payment of fees, and adherence to specific requirements.
Key Requirements for DTI Registration
- Applicant must be 18 years old and possess at least one valid ID.
- The applicant should be a Filipino citizen or a foreign national under 18 with valid proof.
- Alternatively, a representative can register on behalf of the applicant with an authorization letter and necessary documents.
Important Points Regarding Business Ownership
- Regular filing must be done within 90 days after the expiration date. Late filings within 90 days after the deadline are subject to a surcharge.
- Failure to renew within the grace period will result in the cancellation of the Certificate.
- In the event of a transfer of ownership, the new owner must register the business under their name.