Enterprisers who want to start doing business in the Philippines have plenty of successful industries to choose from. Among them, the food and beverages sector is one of the best choices as it enables investors to set up various types of business, such as restaurants, fast foods and catering companies.
Those who want to open restaurants in the Philippines must comply with several laws and must obtain specific licenses in order to be allowed to operate on the market. Below, our company formation consultants in the Philippines explain the requirements for setting up a restaurant business.
Foreign investors who wish to open a restaurant in the country can reach out to our immigration lawyers in Philippines for more information about their temporary or permanent stay.
Company registration in the restaurant sector in the Philippines
The first step related to setting up a restaurant in the Philippines to have a solid business plan and register a company with the local Business Registrar. Our local consultants recommend investors to follow these important steps when starting a business in the restaurant sector:
- prepare a 3-year business plan which will help them plan their expenses and predict their revenues;
- choose the premises for the restaurant in a manner in which clients have easy access to it;
- consider the channels through which the restaurant will be promoted in order to attract clients;
- choose the right type of structure under which the restaurant will operate – our Philippines company formation agents can help with this step.
We can also assist with the registration process of the Philippines company and answer questions about immigration to Philippines.
Obtain the necessary licenses for the Philippines restaurant
Once the company registration procedure is completed, the business owner must apply for several licenses which will allow them to open the restaurant among which:
- the food license establishment license which must be obtained with the Food and Drug Administration in the Philippines;
- the import/export license which must be obtained with the Customs Authorities;
- the liquor license which will enable the restaurant to sell alcoholic drinks on the premises;
- the fire safety certificate which is issued by the local police department.
Also, the restaurant must hire specialized personnel who is allowed to handle and prepare food.
Restaurant owners can rely on the services and solutions for businesses provided by our local team of accountants in Philippines. We offer complete bookkeeping services, employer contributions management, invoicing, bank account reconciliation, cashflow management, tax filing and payment, and filing the audited annual financial statements. You can reach out to us for more information.
Our immigration lawyers in Philippines can give you details about hiring foreign staff.
Please contact us for full information on the requirements to setting up a restaurant in the Philippines.
Foreign restaurant owners who wish to move to Philippines should know that this is permitted in the situation in which their country of origin has signed a mutual agreement with the Philippines, and grants the same immigration rights to Filipino citizens. Our team can give you more information about these important visa requirements, as well as the immigration quota, according to your nationality.