The global and regional business community places very high hopes in the Philippines, with an outstanding GDP growth of approximately 6.8% in 2012 and expected to rise plus 6% in 2013.
A stable democracy, seemingly endless natural resources and a qualified and extremely young population. These are some of the brighter sides of doing business in the Philippines. But besides the regulatory affairs, incorporation, taxation and the bureaucratic and legal hurdles faced by entrepreneurs, how shall you do business in the Philippines? How should you trade your products and services, and become a successful entrepreneur in the country?
Historically, the Philippines is used to trading with foreigners and due to the recent economic boom, the competition and business actors in the market have increased significantly. It is no longer just the quality and the price of your products/services that make the difference, but also your knowledge about the country and its business practices
Therefore, before a foreign businessman can transact business in the Philippines and create a significant volume of business, one must observe certain practices that are commonly noted in the Philippines. As the saying goes, “When in Rome, do as the Romans do.”
With a large presence in the country and helping countless companies to set up their company in the Philippines, Triple i Consulting is also committed to helping new entrepreneurs understand how to do business in the Philippines and providing the smoothest and easiest penetration into the country. We help them understand the business practices as well as the language, culture, customs and business etiquette & protocol.
Do not underestimate the importance of adapting to the social life and negotiation practices in the Philippines. Triple i can provide valuable insights from our directors and analysts through a face to face meeting or hosting a conference call. Each enterprise member has a dedicated account manager available online, by phone, e-mail or text morning, noon and night to ensure a continuous network.
Please contact us and your dedicated Account Manager will provide you the crucial support to establish your presence in the Philippines.
