BULACAN — The Department of Trade and Industry Central Luzon reported a significant increase in business name registration for the past year. For 2022, the total number of Business Name (BN) registered with DTI-3 reached 118,791. This is 4.9% higher than the total number of business names processed in 2021 at 113, 214.

DTI – Bulacan office registered the highest number of BNs in 2022 with 35,523 followed by Pampanga with 28,625 and Nueva Ecija with 18,998. Tarlac reported 12,820 while Zambales had 10,504. DTI – Bataan registered 9,648 BNs and Aurora with 2,673.

For 2022, 88% or a total of 105,107 Business names processed were new registrations while 12% or 10,384 were renewals. BN registrations are regulated under the Business Name Law Act 3883 and have a validity of five (5) years but can be renewed as early as 180 days before its expiration.

Most of the registrations were online with 95,943 BNs transacted through the Business Name Registration System. The figure is 10.29% higher compared to online registrations in 2021.

DTI-3 Regional Director Leonila T. Baluyut said that the significant increase of new BN registration indicates good business confidence in the region. “The surge means that more residents are venturing into entrepreneurship which could bring investments and generate more jobs in the region. This is a positive sign as we continue to adapt in the new economic atmosphere,” she added.

Business name registrations can be processed at the DTI Regional Office, Provincial Offices, and the 140 Negosyo Centers across the region. For more convenience, BN registrations can also be conducted online through the website – www.bnrs.dti.gov.ph. Applicants can simply register using their computers or mobile phones with internet connections. Similarly, payments may be made online through GCash, PayMaya, Landbank, Credit/Debit Cards or over-the-counter 7-11 and Bayad Centers.♦

Date of release: 31 January 2023