The applicant
must pay a registration processing fee of P300.00, then procure
the corresponding application form (in quadruplicate). The registration
shall be valid for five (5) years. A surcharge of P5.50 is imposed
on a renewal if filed beyond the three (3) months grace period
counted from the date of expiration of the certificate previously
issued.
He must file the duly accomplished application form with the Department
of Trade and Industry Provincial Office where the business is
located.
Single
Proprietorship
a. The applicant must
be of majority age (18 years or over).
b. He must submit two
(2) passport size pictures taken not more than
one year preceding the filing of such application.
c. If an alien, he must
submit the following:
- Alien
Certificate of Registration if any
- Accomplished
DTI Form No. 17 under Republic Act No. 7042
- A
written appointment of Filipino Resident Agent
-
Authority to verify bank accounts/bank certificate of
deposit
-
Proof of inward remittance of foreign currency for non-resident
alien and Bank Certificate of Deposit for resident alien
- Copy
of valuation report from the Central Bank if investment
includes assets other than foreign exchange
- Clearance
from other involved agencies as Department of Science
and Technology, Philippine National Police, etc.
In case
of alien retailer, latest permit to engage in retail business
per R.A. 1180 without the need to submit the requirements
under letter c except Alien Certificate of Registration.
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d.
If the applicant has acquired Filipino citizenship
by
naturalization,
election, or by any other means provided
by law,
he must submit proof of his Filipino citizenship.
e. Filipinos whose name are
suggestive of alien nationality
must submit
proof of Filipino citizenship (e.g. birth
certificate,
voter's identification card, PRIC).
Corporation & Partnership
Registration of business name is optional for corporation/partnership
using their corporate/partnership name. However, corporations/partnership
name must register such business name.
a.
A certified true copy or photocopies of the
Articles of
Incorporation
or Partnership, by laws, respectively, and the
Registration
Certificate duly approved by the Securities and
Exchange
Commission (SEC) must be submitted.
b. If the corporation or partnership
is fully owned by an alien or
the capital
of which is more than 40% owned by aliens, the
SEC certificate
must specify that it is in accordance with the
Foreign
Investment Act of 1991.
c. In case there is an increase
of capital, submit certificate
issued
by the SEC.
Cooperatives
must be registered first with the Cooperatives Development Authority.
An applicant who maintains a business with branches must register
the main business and each and every branch thereof separately.
