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Dive into our curated blog section to help you keep up-to-date with the latest features on finance, foreign investments, industry updates, entrepreneurship, and other business topics in the Philippines and Asia-Pacific.

InCorp Philippines – 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.

Best Practices in Philippine Accounting_
Best Practices in Philippine Accounting

Companies doing business in the Philippines must comply with the Philippine Financial Reporting Standards (PFRS). The PFRS is a set of Generally Accepted Accounting Principles (GAAP) issued by the Accounting Standards Council (ASC) to govern the preparation of financial statements. These standards aim to promote fairness, transparency, and accuracy in financial reporting.

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Makati versus BGC

The term ‘location, location, location,’ applies to where you decide to put your office. Metro Manila, the capital of the Philippines is home to several business districts: Makati, Bonifacio Global City, and Ortigas being the main hubs. Choosing a location is the most important factor when starting your business in the Philippines. Determining the best area for your organization is key for your employees alleviating them from the congestion of the entire city.

Manila took over Mumbais spot as worlds 2nd outsourcing city_
Manila took over Mumbai’s spot as world’s 2nd outsourcing city

The Philippine economy looks robust with two of its cities crashing into the top 10 of the Tholons Top 100 Outsourcing Destinations for 2014. Since its opening, the IT-BPO market in the Philippines has demonstrated great potential to become a global leader by leveraging a world-class workforce. The country’s I.T. Business Process Association of the Philippines or iBPAP, along with other local government agencies, promotes the industry, in part through campaigns designed to develop IT-BPO capabilities in additional hub cities.

Philippines Amnesty Act 2007_
Philippines Amnesty Act 2007

It must be a jubilee year. In Christian theology the Jubilee is a special year for the remission of sins and universal pardon through plenary indulgence. Forgiveness of all sins di culpa e di pena is granted only to the truly penitent-the ones who make a confession of their sins make the required a pilgrimage to a specified holy place.

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Tourism Enterprise Zones Take Global Competitiveness to New Heights

Republic Act (RA) 9593, or the Tourism Act of 2009 passed by the Arroyo administration, cements a national policy bolstering investments and improving employment in the Philippines’ tourism industry. Fast forward to 2011, less than two (2) years since the law’s inception, and the country is seeing a rise in international visitor arrivals, which spiked to 7.89% in the first quarter of 2010.

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Philippines Tax Talk: Understanding the REIT Act

In a bid to boost the stock market, the Real Estate Investment Trust (REIT) Act was recently passed into law, marking the fourth legislative attempt to bolster economic growth and development in Philippine markets. The Real Estate Investment Trust (REIT) Act of 2009 (Republic Act No. 9856) promises to promote economic development in capital markets, democratize the distribution of wealth by increasing Filipino participation in the Philippine real estate market, enable the financing of infrastructure and other projects through the management of capital markets, and provide protection to the investing public.

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