Business is more fun in the Philippines…
The Philippines is finally showing real signs of development. GDP figures remain high – 6.5% growth forecast in 2015 – and economic confidence is at an all time high. With access to an extensive, young, skilled and English speaking workforce, the Philippines offers real opportunity for Foreign business investments. The future growth prospects of this Tiger Cub economy are huge, just last week S & P raised its growth prospects for the Philippines whilst downgrading its outlook for the rest of Asia.
So now that the decision had been made to invest where do you start?
The Philippine Government has in place various tax incentive schemes depending on how you structure your business and where you locate. Additionally start up capital requirements vary hugely based on specific factors that can be very complicated to understand. The cost of setting up an incorrect or inefficient entity can be fatal to your business.
Setting up a business on foreign soil is never easy and even more so in The Philippines. Triple I has been assisting businesses in the Philippines for over 5 years. We have helped hundreds of Multinational companies open successfully here. Our team of dedicated experts offer unrivaled insight and experience when it comes to the most efficient company formations and ongoing advice in all aspects of your business. Contact us and we will ensure you are able to maximize the benefits of this Tiger Cub.