Kittelson & Carpo Consulting – Blogs
Our blog section features original articles on finance, foreign investments, industry updates, entrepreneurship, and other business topics for people who want to gain knowledge on the Philippines’ business environment and economic profile.
Our articles also provide valuable insights on best practices in doing business in the Philippines for local and foreign entrepreneurs looking to set up operations in the country.
Most people would love to retire in paradise. With its tropical climate, beautiful beaches, and low cost of living, the Philippines is ideal. Forbes named the Philippines one of the best places to retire abroad in 2019. Beyond its obvious advantages, Forbes noted that the Philippines has one of the easiest residency programs for retirees.
In 2017, the Philippine information technology-business process outsourcing (IT-BPO) industry grew 12.3 percent and generated US$ 22.1 billion in revenue. Growth is expected to continue through 2022, according to the Information Technology and Business Process Association of the Philippines (IBPAP).
Witnessing the disruption that the Financial Technology (FinTech) community has brought to the banking and finance industries of the world’s largest economies, leading traditional banks in the Philippines are welcoming FinTech companies to inspire collaboration in making financial transactions more efficient and consumer-friendly.
Utilizing the services of an Employer of Record (EoR) from the Philippines enables a client or company to cost-effectively outsource their tax compliance, human resource management, salary compensation, benefits administration, and payroll processing to minimize legal and tax burdens from their enterprise.
Many companies outsource their back-office, customer support, and technical job functions to third-party providers in the Philippines. Initially, they fully outsourced these operations to companies like Accenture, Convergys, TeleTech and other global business process management providers throughout Metro Manila to take advantage of low labor costs.