VAT registration in Philippines in 2023 takes place once the business exceeds a certain threshold or any company that imports goods. The Philippines VAT rate varies according to the types of goods or services and has a standard rate and a reduced rate, the zero rate. Local and foreign companies…
We invite you to complete the form with the required information in order to start the online incorporation of your company in Philippines. Our company formation specialists will contact you with details about the further steps for company registration.
Foreign citizens who intend to work in this country must obtain a permanent resident permit in the Philippines in order to do so. As follows, our company formation consultants in the Philippines present a few key aspects related to obtaining this type of permit here. Conditions for obtaining the permanent resident visa in the…
The ITC sector in the Philippines is projected to continue to increase because of the opportunities in the financial, telecommunications, Business Process Management and health IT industries. The large consumer spending, the low PC penetration and small or mid-sized business modernization are also expected to contribute to this development. In this article, our company…
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…
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…
