World Class Laborers that Speaks English
And the labor pool is quite deep, with lots of universities churning out graduates every year. Lots of Filipinos experience in almost all the relevant sectors. All these have been educated in English, not simply English as a subject in school, but English as a medium of instruction. We can see this in the fact that the Philippines is the paradise for voice-based BPO services : its accent is easily to neutralize. Not only Filipinos are good at English but also they are knowledge-based, multi skilled , highly-educated, highly-trainable and literate. Low employment turnover, high productivity yield , highly adaptable to model changes, and familiar quality work needs. Foreign friendly people and most of all world renowned for their hospitality.
Large Population, Big Market
Philippines is one of the most populated countries in the world. With the latest developments in technology, they can be reached easily by advertisments in the media . So this means that whatever your product is, it will probably pay to try selling it to Filipinos. And in turn, this would probably mean that they would need to open at least a sales/branch office in the Philippines.
Cheap Business Location Prices
This is a common option for Foreigners since most of the time they opt to have their properties here in the Philippines rented for short or long term lease. Trending now is that more and more companies have been purchasing properties for their clients to rent locally and especially those from abroad. Companies also purchase condominium units for their Expats who are members of the board for their personal residential use. Also, expatriates can bring their families and put their children in schools that offer great education.
Great Number of Tax Incentives for Foreign Investors
A foreign investor is offered a lot of incentives when investing in the Philippines. Some of these are tax holidays, tax reduction for labor expenses, duty-free importation of capital equipment, and are available for companies investing in preferred areas.
Strategic business location
Located in one of the fastest growing regions of the world, Philippines is part of the Association of Southeast Asian Nations (Asean) and will be part of the Asean Economic Community (AEC), a single and regional common market for the Asean countries that will be created in 2015 to boost economic growth and business opportunities.
For all these reasons, entrepreneurs from all over the world are looking to register their business in the Philippines. To incorporate in the Philippines is not an easy task – requirements are not clear and there are 15 comprehensive steps that vary according to the city your business will be registered. With a team of experienced business consultants and a legal team that has registered over +150 companies in the Philippines, Triple i can represent you during all the steps and provide you and render advice on the most efficient structure for the business presence of your company in the Philippines.
