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.
Manpower resources are one of the Philippines’ greatest exports. Presently, over eleven percent of the population are employed as Overseas Filipino Workers (OFWs) and Filipino communities are found in almost every industrialized nation in the world.
One sided lease agreements in the Philippines are the rule of thumb and don’t imagine for a second that they are in favor of the lessee. Maybe it is because the lessors are paying the legal fees. Foreigners are often shocked by the commercial and legal terms and conditions used in lease contracts in the Philippines.
The local market has a voracious appetite for imported foods, which have always been viewed as a luxury because they were either expensive or difficult to acquire or both. Filipinos are famous for returning home from abroad with balikbayan boxes of SPAM, corned beef, candy, and other “delicacies”.
It’s said that “a true free market economy is an economy in which all resources are owned by individuals, and in which decisions about the allocation of those resources are made by individuals without government intervention”. The laissez-faire doctrine maintains that “private initiative and production are best allowed to roam free, opposing economic interventionism and taxation by the state beyond that which is perceived to be necessary to maintain individual liberty, peace, security, and property rights”.
The drama and trauma of obtaining a working permit (AEP) and a 9(g) visa is an experience most foreigners recount with mixed emotions- shock, anger, outrage, frustration, dismay, and even hopelessness. Yes you’re right, I left out joy. The process is time-consuming and difficult.