10 Things to do before Registering a Business in the Philippines
- Research the government regulations applicable to the industry you wish to enter
- Determine the restrictions on foreign ownership of business or ownership of property including private land
- Check the foreign exchange policies
- Choose a business structure
- Set up your business location
- Get necessary government approvals
- Know the import and export controls
- Study the applicable national and local taxes
- Inquire on eligibility for incentives from investment promotion agencies
- Evaluate availability of required talent and applicable labor legislation
It is always best to seek legal advice from a trusted law firm in the Philippines.
