PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

DTI adjusts fees for business registration

Thursday, 30 December 2010 00:00
[ ]
THE Department of Trade and Industry (DTI) will implement a four-tiered registration fee system for business name applicants based on the geographic scope of their business. On December 15, the agency issued Department Administrative Order (DAO) 10-10, which put in place “ladderized” registration fees for every application for registration of business name (original and renewal), depending on the territorial jurisdiction covered in the application.
Under the order, business name registrants in the barangay level will pay P200; applicants for the city/municipality level, P500; regional level, P1,000; and national, P2,000.
The National Economic and Development Authority (NEDA) on December 10 approved the DTI’s proposal to tweak the business name registration fee scheme. National government rules mandate prior NEDA Board approval of any adjustment of government-imposed fees.
In a telephone interview, Carmen AvendaƱo, chief of the consumer welfare division of the DTI’s Bureau of Trade Regulation and Consumer Protection, said that prior to DAO 10-10, business name applications cost P300 per registration.
“For example, if one would register a business that is nationwide in scope, he would not have to pay for the registrations of each branch.
The new system would help entrepreneurs cut costs,” AvendaƱo said in Filipino.
DAO 10-10 is in line with the DTI’s territorial scheme of business name registration, through which applicants can indicate whether their business name would be applicable only within a particular barangay, a city or municipality, a region, or nationwide.
An enterprise will be allowed to use its business name in all the branches or outlets that would be put up within the territory where it registered.

real estate central philippines
Copyright ©2008-2018