Going to the Philippines to set up a business?

Kittelson & Carpo Consulting together with Carpo Law & Associates and AHC Certified Public Accountants, organized a seminar titled, “Essentials of Corporate Taxation, HR Management and Payroll Processing in the Philippines” on April 25 at the Kittelson & Carpo Community Area in 8F Marajo Tower, BGC, Taguig City.

The Philippines, being a rapidly developing country, have cities that act as its engines of growth. If the urban-growth is well-organized and executed properly, the cities can help increase the regional innovation, economic growth, and prosperity.

According to data from the Mines and Geosciences Bureau (MGB), the government recently issued 20 new exploration permits in the first three months of 2010 alone. An exploration permit enables mining companies to tap the mineral resources of a particular area, and open them up to mining activities.

Business registration in the Philippines is comprised of a hierarchical process of acquiring certificates and licenses from various government agencies. If you are planning to set up a business in the country but are unsure of the requirements involved in the registration process, here’s a quick overview.

Kittelson & Carpo Consulting and Carpo Law & Associates, in partnership with the British Chamber of Commerce Philippines, brings you “Doing Business in the Philippines”. This covers discussions on how new updates and issuances from the SEC, PhilHealth, and BIR will affect current business operations, as well as projections on how the newly implemented TRAIN Law will channel favorable changes in the current Philippine business climate.

To boost global competitiveness and attract more local and foreign entrepreneurs, the government of the Philippines passed the Ease of Doing Business Act of 2018 (Republic Act 11032) on May 28, 2018.

Understanding the business environment of a country is one of the first steps an investor, an entrepreneur, or a legal entity has to take in order to assess the viability of setting up or expanding a business outside its headquarters’ territory. It is crucial to identify if the opportunities present in the market are supported by entities, systems, and mechanisms which make doing business in the country easier compared to other locations in the region.

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.

Department of Trade & Industry (DTI) – This is the government agency where single proprietorship enterprises register and secure its certificate of registration.

Serviced offices offer a much needed convenience to foreign and local companies setting up business in the Philippines . These offices usually come fully-furnished, and are equipped by a separate facility management company. The managing company purchases the individual desks, office space, and operating equipment, then rents them out to client companies.

The Philippine pharmaceutical market is similar to China and Iran. But according to investphilippines.gov.ph the overall market is comparable to Pakistan, Thailand, Taiwan and Indonesia in per capita, and is “consistently ranked as the 11th most attractive pharmaceutical market in the Asia-Pacific region, and the third largest market in ASEAN, the Association of Southeast Asian Nations, after Indonesia and Thailand.”

Atty. Amanda Carpo, Country Head of InCorp Group’s subsidiary company in the Philippines, Kittelson & Carpo Consulting, will participate as speaker in a seminar entitled “The Philippines’ Consumer Economy: An Overview of the Philippine Market, its Consumer Landscape and Opportunities Available for Singaporean Companies”.

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.

Renewable energy is a growing industry in the Philippines, thanks in part to increased investor optimism in renewable energy investments. Both foreign and local investors alike, including two of the Philippines’ top trading partners, are confident in the country’s potential as a major renewable energy investment destination.

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.