The Philippines provides great opportunities to both local and foreign entrepreneurs. But before you even finalize your business plan and schedule your company launch, you need to understand and comply with existing laws and regulations in the country. You can’t just operate a business without first obtaining all the legal documents. Registering your business is one of the first things you need to do.
Triple i Consulting provides expert services and assistance in setting up a company. Having registered and dealt with hundreds of multinational and domestic businesses in the Philippines, we understand all of the aspects of starting a new business. By working quickly and systematically in our document evaluation, compilation and filing procedures, we are able to reduce entry time for companies looking to enter the Philippine market. So whenever you need help with anything related to business registration in the Philippines, call Triple i Consulting immediately.
Tax Incentives for Businesses in the Philippines
The Philippine government has created an excellent plan to encourage investments in the Philippines in the form of tax and non-tax benefits to certain sectors. A business either exporting its products and services or operating a domestic industry listed in the 2012 Investment Priorities Plan could qualify for tax benefits from the Board of Investment (BOI) or Philippine Economic Zone Authority (PEZA).
• Income tax holiday
• Duty-free import of capital equipment
• Reduced wharfage fees
• VAT exemption
• Employment of foreign nationals
• Special investors’ visa
Additional Regulatory Permits for Certain Operating Businesses
Certain businesses will require extra licenses and registration requirements, depending on their exact nature. The business consultants at Triple i can determine if your company needs other licenses and guide you through the entire process. With our experience in business registration services in the Philippines, we can help companies submit their documents and receive a fast turnaround on processing.
Businesses in the Philippines requiring licensing:
• Mining and mineral processing
• Import and export trafficking
• Online gaming and amusement
• Security-related industry
• Cosmetic or pharmaceutical industry
• Manpower or recruitment agency
• Agricultural production
• Energy-related services
• Oil and gas sector
Business registration is only the beginning. Triple i also provides:
• Office fit out and set-up
• Drafting of company manual and labor contracts
• Recruitment and executive search services
• Corporate housekeeping
• Outsourced bookkeeping, financial reports and regular tax filing
• Philippine payroll backed by Salarium
• On-going corporate compliance and legal services
Triple i Consulting is proud to be the first and only ISO 9001:2008 firm in the Philippines providing company registration. Our team of consultants and lawyers can guide your company through legal and logistical obstacles when entering the Philippine market – and help your succeed in your business.
Contact us today to get more information about our business registration services. We are more than willing to discuss with you the benefits of our accounting and business solutions.