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Why do business in the Philippines? The Philippines possesses several competitive advantages 1.
A Top Quality Manpower. The Philippines
boasts of an IT-literate, multi-skilled and English-speaking workforce. 2.
A Liberal and Business-Friendly Economy.
To ease the entry of foreign investors, the Philippine government
liberalized and simplified foreign investment rules, and are continually
working towards opening up more sectors to foreign investments. 3.
IPR Protection. The Philippines provides
foreign investors ample protection of their intellectual property
rights. The country has in place the necessary legal infrastructure
for IPR protection, which are patterned after US laws, regulations
and practices. 4.
Competitive Costs. Foreign investments
enjoy special tax incentive packages. Cost-wise, utilities and infrastructure
remain competitive. Quality-wise, the country’s labor force
outpaces those of other Asian countries, especially in terms cost-competitive
wage base rates. 5.
A Strategic Location. The Philippines
is in the center of trade routes and business centers in the Asia-Pacific
region. Its archipelagic configuration makes it an ideal port, and
its 12-hour time difference with the east coast of the US and Canada
makes it an ideal location for round-the-clock staffing of offshore
operations. 6.
A Democratic and Stable Government.
The Philippine government is committed to free enterprise and is
known to be one of the freest democracies in Asia. 7. A Comfortable Lifestyle. According to the March 2000 survey of Hong Kong’s Political and Economic Risk Consultancy, the Philippines is the second best country in the Asia-Pacific in terms of the overall quality of expatriate life, next to Australia. The Philippines produces high-quality export products Philippine
products have earned the praise of even the most discriminating
markets around the world, as well as awards from prestigious international Among the numerous
high-quality exports, ten (10) priority sectors or revenue streams
have been identified, from which the Philippine government expects
significant growth in the medium-term. These sectors were chosen
for their inherent or proven competitiveness in the local and international Please click on each item to find out more about each priority sector: 1. Construction
Materials The Philippines has business-friendly policies As a general rule, anyone, regardless of nationality, is welcome to invest in the Philippines. For most economic activities, the restrictions on foreign investments are not based on nationality but on the extent of foreign ownership allowed in that particular activity. The Philippine Constitution guarantees the basic rights of all investors and entrepreneurs. In particular, it ensures: 1. freedom
from expropriation without just compensation; 2. the right
to remit profits, capital gains and dividends within the guidelines
of the Central Bank of the Philippines; 3. the right
to remit the proceeds of the liquidation of investments; and 4. the right
to obtain foreign exchange to meet principal and interest payments
on foreign obligations. The Philippine Government is always ready to assist investors Prospective or current investors are encouraged to contact any of the following offices for more information on investing in or sourcing product imports and services from the Philippines: Trade
and Industry Information Center Board
of Investments Philippine
Economic Zone Authority Bases
Conversion Development Authority Subic
Bay Metropolitan Authority |
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Info
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National Economic Indicators |
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National Trade Statistics and Related Information |
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National
Accounts |
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Online
Product |
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Intellectual
Property Office |
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Securities and Exchange Commission-Online Business Registration Facility |
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Philippine
Economic Zone Authority |
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