DTI implements automatic renewal of business name

THE Department of Trade and Industry (DTI), in a bid to promote entrepreneurship in the midst of the global financial crisis, is implementing the automatic renewal of Business Name Registration with or without an application for renewal filed with DTI.

Department Administrative Order 09-02 Series of 2009 or the Amending the Provisions of DTAO No. 80, S.1982 on Business Name Application, Renewal and Cancellation states that to uphold the business enterprise as the basis of economic growth and promote increased entrepreneurial activity, DTI is automatically renewing all business name registrations that are due for renewal on 09 March 2009.

Secretary Peter B. Favila stated that in view of the displacement of Filipino domestic and overseas workers brought about by the global financial crisis, aside from the automatic renewal, DTI is also implementing measures to avoid queuing in DTI offices.

“To make it even easier for those interested to start their own business, we are announcing that all new applications for business name registration together with the other requirements shall be received by the concerned DTI office or officially designated areas. This means that upon of application, DTI shall process and issue the BN certificate upon proof of payment within five working days following the day of submission,” said Favila.

DTI has been continuously implementing programs aimed at encouraging business activities and generating employment. Earlier this year, it has reduced its business name registration fees by half.

From 15 January to 15 July, all those applying for a new business name or renewing an existing business name shall be charged a registration fee of P150, an amount fifty percent lower than the original fee of P300.

Furthermore, Favila announced that DTI is mobilizing all its bureaus and attached agencies through the Comprehensive Livelihood and Emergency Employment Program or DTI-CLEEP to provide livelihood assistance to Filipinos who have been affdected by the current global financial crisis.

“DTI-CLEEP is in place to assist would-be-entrepreneurs as to instruction on basic business skills, product and packaging design assistance, market exposure and access, financing etc,” enumerated Favila.

For more information and inquiries on the abovementioned programs, the public is encouraged to call DTI Direct 751-3330, open Monday to Saturday, from 8am to 5pm or text Secretary Favila at 09178063473. The nearest DTI regional or provincial offices are also ready to provide assistance.

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