General information & why doing business in the Philippines.
Starting a business can be a frustrating process, particular as foreign entity. Our mission is to make that process easier and smoother. We is the service provider for foreign as well as local investors. From company incorporation with all required legal permits, via office location and set up to the entire layout with furniture, facilities and telecommunications, we will accompany you through the entire process. Provide us your insights and plans for a trouble free, convenient realization of your future operation.
Why to do business in the Philippines? The answer is simple: – quality manpower resources, – strategic business location, – liberalized and business friendly economy,- hospitable lifestyle and business opportunities.
The Philippines is ranked #1 in the availability of knowledge-based job and workers worldwide, and ranked 4th among Asian nations in labor quality. According to a survey conducted by the U.S. based Meta Group, an international company working with universities, research centers and governments to create and accelerate knowledge based industries to progress in the regions, the Filipino workforce is one of the most compelling advantages the Philippines has over any other Asian country. With higher education priority, the literacy rate in the country is 94.6% – among the highest. English is taught in all schools, making the Philippines the world’s third largest English-speaking country. Every year, there are some 350,000 graduates enriching the professional pool.
Strategic Business Location
The Philippines is located right in the heart of Asia – today the fastest growing region. Sited at the crossroads of the eastern and western business, it is a critical entry point to over 500 million people in the ASEAN market.
Discover the best of sun, sea, sand and style in the tropical setting teeming with the best of western amenities. The country is open to varied cultures and a decidedly global outlook.
An archipelago like the Philippines offers diverse natural resources, from land, marine to mineral resources.
Low Cost of Doing Business
Wages are typically less than a fifth of that in the U.S. Local communication, electricity and housing costs are also 50% lower compared to the U.S. rates.
Liberalized and Business-Friendly Economy
An open economy allows foreign ownership in almost all sectors and supports a Build-Operate-Transfer (BOT) investment scheme that other Asian countries emulate. Government corporations are being privatized and the banking, insurance, shipping telecommunications and power industries has been deregulated. Incentive packages include the corporate income tax, reduced to a current 32%, with companies in the Special Economic Zones are subject to only 5% overall tax rates. Multinationals looking for regional headquarters are entitled to incentives such as tax exemptions and tax and duty-free importation of specific equipment and materials.
Unlimited Business Opportunities
As Asian economies integrate within the vast framework of the ASEAN Free Trade Agreement (AFTA), the Philippines is the natural and most strategic location for firms that want access to the large ASEAN market and its vast trade opportunities.
Developing Infrastructure for Global Growth
A well-developed communication, transportation, business and economic infrastructure links the three major islands and distinguishes the Philippine economy.
The Philippines offer state-of-the-art telecommunications facilities, adequate and uninterrupted power supply. There are ready-to-occupy offices and production facilities, computer security and building monitoring systems, as well as complete office services in specialized IT zones. With the government’s focus on building up an IT-enabled economy, the Philippines is on its way to becoming the E-services Hub of Asia.