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.
Doing Business in the Philippines
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.
Atty. Amanda Carpo, Country Head of InCorp’s subsidiary company in the Philippines, Kittelson & Carpo Consulting, and Mr. Eric Chin, Group Head of Business Development of In.Corp Group, took part as speakers in the event, “Doing Business in the Philippines: Regulations, Law, and Taxes and Policies”.
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”.
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.
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.
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.
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.
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.”
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.