A Sole Proprietorship, under Philippine law, is a business structure owned by an individual who has full control/authority of its own and owns all the assets, personally owes and answers all liabilities or suffers all losses but enjoys all the profits to the exclusion of others.
A Sole Proprietorship must apply for a Business Name and must be registered with the Department of Trade and Industry in the National Capital Region (DTI-NCR) or its extesion offices for those located in the province.
Requirements for Filipino Investors (Must be filed at nearest Department of Trade and Industry or through www.dti.gov.ph)
Requirements for Foreign Investors (Must be submitted in 5 copies)
Additional requirements on case-to-case basis depending on actual examination and processing of the application. (i.e., If business requires practice of profession: submit photocopy of Philippine Regulation Commission (PRC) license or Integrated Bar of the Philippines membership and present original copy for comparison and contract of employment (If applicable)
The Certificate of Business Name Registration is valid for 5 years and shall be valid only at the business address indicated thereon. In the event the registered owner thereof should opt to open branch offices within the Philippines, he must apply for separate registration for each of the branch office so established.
One (1) Day - Application filed at National Capital Region (NCR) And some online DTI-Field Offices Five (5) Working Days - Application filed in other at DTI-Field Offices
Where to Register