Even though the illegal trade and high taxation continue to be major challenges for the tobacco industry in this country, selling tobacco in the Philippines is projected to continue growing in the following years. The unitary taxation for cigarettes which was introduced in 2017 is meant to decline the sales of these items, however,…
Retail is one of the global industries with rapid expansion in all countries around the world without exception. The variety of products combined with the lower sales prices and higher purchase power determine many investors to set up businesses in the retail sector. This trend can also be observed in the Philippines, especially when considering…
The rapidly developing production of processed foods and drinks in the Philippines represents a strong opportunity for foreign investors. In 2016, the gross-added output of this industry increased with 10% compared to the previous year, to USD 28.9 billion. Around 90% of the output in the sector is consumed by the local market. In…
The Philippines tourism industry is made up of several branches among which the latest development is related to the meetings, incentives, conventions and exhibitions sector, shortly known as MICE, or the events management sector. Those interested in opening event management companies in the Philippines are not subject to any special requirements related to the registration process of…
Tourism is one of the most important branches of the Philippines’ economy. Foreign investors who come here can choose among the several types of businesses which bring good profits. Among these, travel agencies, hotels and restaurants are the best performing. Those interested in setting up hotels in the Philippines must respect the provisions of the Hotel Code.…
Those interested in opening companies in the Philippines have various industries they can choose form. From industries which require a small start-up capital to businesses in industries which require higher amounts of money to get started, the Philippines is suitable for any type of business. During the last few years, the financial industry has…
Foreign investors who want to start companies in the Philippines usually choose to work with the local labor force which is quite cheap, very skilled and educated. However, finding the right candidates can prove difficult for foreign businessmen which is why they request the services of recruitment agencies which help them by easing the hiring process.…
Opening a company in the Philippines implies several steps. From choosing the business form to having the incorporation documents drafted and filed with the Trade Registrar, there are various requirements to comply with. One of the most important is appointing the managers or directors of the future Philippines company. Forming the company management must be done…
Foreign companies entering the Philippines market have several choices in terms of the business form for setting up their operations. Even if the most employed type of structure is the branch office, as it offers full control to the parent company, there is also the subsidiary which can adapt its activities…
Foreign investors seeking for one of the best Filipino industries to set up a business have several choices. There are the industries which require a significant and less pocket-friendly ones, but there are also sectors such as retail where one can establish a company without too much money. Those who want to open…
