Online Early Renewal for Business Name now in Place

 

January 24, 2015

    The Department of Trade and Industry (DTI) now offers the online early renewal of business name registration as part of its effort to provide an enabling environment for businesses to grow in the country.

    “With this initiative, we intend to lower cost of doing business, save time, and avoid the long queues in DTI offices nationwide. Likewise, we promote a paperless environment in government,” DTI-Management Services Group (MSG) Undersecretary Nora K. Terrado said.

    Terrado said that to avail of this scheme, sole proprietors may log on to the Business Name Registration System’s (BNRS) website at bnrs.dti.gov.ph, and process the renewal of their business name registration three months before its expiration. Within this period, online updating of business profile is allowed and free of charge.

   In the old manual scheme, change of business name information is done through DTI tellers with a fee of P65, which includes P50 renewal fee and P15 documentary stamp tax per transaction.

    “With this online early renewal scheme in place together with the electronic payment (ePayment) facility using BancNet debit card or GCash, renewal transactions may now be processed through computers or mobile phones through the internet within 15 minutes, anytime, anywhere,” Terrado said.

   The following fees will be based on the scope of business name being applied for renewal: barangay, P200; city or municipality, P500; regional, P1,000; and national, P2,000. Change of business name scope will be in accordance to current validation rules.

   For more information on this scheme, you may call the DTI Call Center through 751.3330 and Business Name Registration System (BNRS) Helpdesk at 751.3142, 751.3259 and 751.3257. You may also email BNRS at bnrshelpdesk@dti.gov.ph.