DTI reminds businessmen to register their business name
By Alfonso T. Ruda
DIPOLOG CITY, Jan. 14 (PIA)---The Department of Trade and Industry in Zamboanga del Norte has reminded all business operators in the province to register their business name or renew their registration, especially those registered in 2011.
Mr. Julius Salaveria, Consumer Protection Division Chief of DTI-Zamboanga del Norte during the recent “KapihansaDipolog” forum urged businessmen to register their business with the DTI as it is one of the requirements in getting business permit from the local government units.
He said the business name registration is valid for five (5) years. The last business name registration was conducted by DTI in 2011. Failure to renew one’s business name registration is punishable by a 50% surcharge.
He also cautioned business operators from hanging signage and using a business name without registering it first with DTI.
Salaveria pointed out that registering one’sbusiness name with DTI also serves as protection to both the business owner and consumers. “One’s business name could not just be used by anybody. At the same time, it also helps a customer in seeking redress against any malpractices of some unscrupulous business operators,” he explained.
He said that business name registration has 3 scopes: Barangay, city ormunicipality,regional and national. Under businessname registration law, business name registered in the barangay costs only P200.00 for five years; P500.00 for city or municipality; P1,000.00for regional and P2,000 for national in scope plus a documentary stamp of P15.00.
However, he clarified that partnership businesses are to be registered with the Securities and Exchange Commission and only the Single Proprietorship iscovered by the DTI.
Trade and Industry Officer MailaDenolansaid one of the requirements in business name registration is the Tax Identification Number(TIN) of the applicant from the Bureau of Internal Revenue (BIR) and the registration forms which are available at the DTI office.
In another development, Mr. Ceferino J. Rubio recently assumed as the DTI Provincial Director of Zamboanga del Norte. He replaces former DTI Provincial Director Engr. Noel E. Bazan who has been designated as Acting Assistant Regional Director (ARD) of DTI-9 based in Zamboanga City.
Rubio was officially installed by DTI-9 Regional Director Sitti Amina M. Jain during the flag-raising ceremony on January 4, 2016 at the DTI Provincial Office, Sta.Isabel,Dipolog City.
