MANILA – The Department of Trade and Industry (DTI) marks a significant increase in the total number of business name registrations for 2023. This is after the department recorded a five percent spike from the previously recorded registrations in 2022.
According to the DTI, a total of 984,332 business name registrations were reported for 2023, a noteworthy increase from the 937,431 registrations in 2022.
Data from the Business Name Registration Division (BNRD) of DTI shows all business name registrations or 88 percent (864,200) accounted for new business registrations, while the remaining 12 Percent (120,132) represented renewals. DTI also confirms that majority of the applicants processed and completed their applications online, based on the payment collections received.
Retail selling in sari-sari stores continues to lead as the BNR’s top business activity, having 172,905 total registrations. Following closely are Other Restaurants and Mobile Food Services Activities with 78,174 registrations, and Real Estate Buying, Selling, Renting, Leasing, and Operating of Self-Owned/Leased Apartment Buildings, Non-Residential and Dwellings with 41,165 registrations.
Meanwhile, Barangay-level territorial scope registrations constituted 60% of the total business names registered with 588,118, while 221,620 applications were under the City/Municipality territorial scope.
The DTI initiated the full-scale implementation of 100 percent online business name registration last August 2023, in a bid to streamline business processes and foster digitalization for small and medium enterprises (SMEs) nationwide.
Because of this, walk-in applicants at Negosyo Centers are directed to use either their devices or designated computer units at the DTI offices to independently file and process BN registration applications through the BNRS website (https://bnrs.dti.gov.ph)
Screenshot from https://bnrs.dti.gov.ph
Other initiatives of the DTI to promote business name registration include the system integration of BNRS with local government units (LGUs) that have their own business permit and licensing systems.
Trade Secretary Fred Pascual expressed the Department’s unwavering commitment to sustain its partnership with the LGUs.
"We at the DTI recognize the significant role of our collaborative partnership with the LGUs in simplifying registration procedures and requirements for the benefit of Filipino entrepreneurs, particularly micro, small, and medium enterprises (MSMEs),” Pascual said.
