Dti form for new business
The DTI (Department of Trade and Industry) form for a new business in the Philippines is the "Application for Registration of Business Name" (Form 1). This form is required by the Securities and Exchange Commission (SEC) for all new businesses in the Philippines.
Here are the requirements and steps to fill out the DTI form for a new business:
Requirements:
- Business name and address
- Business owner's name and address
- Business owner's identification (ID) number
- Business purpose or description
- Capitalization (amount of capital invested)
- List of business owners and their respective shares
- Signature of the business owner
Steps to fill out the DTI form:
- Download and print the DTI Form 1 from the SEC website or obtain it from the DTI office.
- Fill out the form completely and accurately. Make sure to provide all the required information.
- Attach the required documents, such as:
- Proof of payment of registration fees
- Proof of payment of business tax
- Proof of payment of other government fees (if applicable)
- Sign the form in the presence of a notary public.
- Submit the completed form and attachments to the DTI office or the SEC office.
Fees:
The registration fees for a new business in the Philippines vary depending on the type of business and the location. Here are the general fees:
- Registration fee: PHP 500 to PHP 2,000
- Business tax: PHP 500 to PHP 2,000
- Other government fees: PHP 500 to PHP 2,000
Note:
- The DTI form is only required for businesses that are not registered with the SEC. If your business is already registered with the SEC, you do not need to fill out the DTI form.
- The DTI form is only required for businesses that are not registered with the Bureau of Internal Revenue (BIR). If your business is already registered with the BIR, you do not need to fill out the DTI form.
It's recommended to consult with a lawyer or an accountant to ensure that you comply with all the requirements and regulations for registering a new business in the Philippines.