More entrepreneurs continue to pursue business opportunities with the reopening of the economy as Department of Trade and Industry (DTI) Region 10 records a total of 32,651 new business name registrations in 2022.

71.2% of the business name registrations were applied online while 28.8% registered in the DTI offices and Negosyo Centers.

93.6% of the new business name applications were paid through GCash, 3.7% through PayMaya, and 2.7% through other methods such as credit card, Land Bank of the Philippines Link.BizPortal, and Digipay PH.

Meanwhile, 2,995 business names were renewed: 1,489 were processed online while 1,506 where administered in the DTI offices.  

Business name refers to any name that identifies the enterprise and that is different from the true name of an individual.

It is one of the documentary requirements needed for sole proprietors to accomplish when registering a business in the Philippines.

As part of its effort to deliver an efficient government service, DTI business name can now be applied online at Online payment options are also available through GCassh, Land Bank of the Philippines Link.BizPortal, PayMaya, debit, or credit. ♦

Date of Release: 23 January 2023