WHY INVEST AT PHILIPPINES

WHY INVEST AT PHILIPPINES

WHY SHOULD INVEST IN THE PHILIPPINES?

        The Philippines, in its commitment to make the country a better place for doing business, continues to pursue structural reforms to further liberalize the economy to the world.  Investors can now look forward to doing profitable business in the country with full confidence over the long term.

          There is a long list of opportunities awaiting investors in the Philippines.  Priority investment projects are in export-oriented industries, parts and components (electronics, automotive, construction materials, etc.), infrastructure, agriculture and agribusiness, mining, tourism, information technology and support services, among other things. 

          The Philippines is considered one of the best countries in Asia for expatriate living.  It is highly regarded for its openness to varied cultures and availability of a wide array of quality, round-the-clock entertainment.  Foreigners enjoy accessible and affordable amenities- business centers, housing, schools, hospitals, shopping malls, hotels and restaurants, beach resorts and other recreation centers.

          Companies that desire to position themselves in East Asia, as the region forecasts economic growth, take a close look at the Philippines for its strategic location.  The Philippines lies at the heart of the two great seas of commerce- the Pacific Ocean and the South China Sea, both at the crossroads of eastern and western business, trade and culture.

          Global companies organizing offshore service operations choose the Philippines for its abundant supply of highly trainable, skilled and English-speaking labor force.  Even as the Philippines continues to export labor, its human resources sector has earned the reputation for world-class skills and capabilities and international competitiveness in terms of quality, cost and availability.  Filipinos’ proficiency has set them apart from other nationalities, and has contributed to the country’s attractiveness as an investment site.

          The World Competitiveness Yearbook 2000, a study of 47 industrialized and emerging economies, revealed that the Philippine is the most competitive in Asia when it comes to skilled labor.  The study also disclosed that the Philippines is third to the United States and Chile in availability of competent senior managers.

          Information technology and engineering companies expanding their operation in Asia choose the Philippines for the design capabilities of Filipino information and communications technology (ICT) professionals and engineers. Quality human resources, improvements in the telecommunications infrastructure, and an established policy and regulatory framework make ICT investments in the Philippines an increasingly attractive proposition.   

          The ICT sector in the Philippines has been greatly enhanced by the passage of the Electronic Commerce Act (ECA) in the year 2000.  The law affirms and communicates the government’s seriousness in establishing the policy and legislative environment for the development of ICT and the conduct of e-commerce in the Philippines in particular.

          The country’s tax and fiscal incentives for companies located in free port areas and ecozones continue to attract investors. Basic rights and guarantees of investors include repatriation of investments, remittance of earnings, access to foreign loans and contacts, freedom from expropriation and non-requisition of investments. Up to 100% ownership is allowed in priority industries.  Telecommunications, shipping, oil, banking and insurance industries have been deregulated.  Simplified assistance and facilitated investment procedures through Express Lanes and One-Stop-Action/Processing Centers are available.

          Clearly, there is a rich field of business opportunities in the country.  The Philippines is committed to helping businesses develop and prosper in order to encourage more investors.  This is the right time for investors to take advantage of the opportunities the country is offering. 

          For information on trade and investment, the Embassy could provide business executives and prospective investors in the Philippines with references about its economic investment policies and procedures.
              (TAKEN FROM PHILIPPINEEMBASSY.CA)

Business leaders increasing investments

          Not only are the business leaders John Gokongwei Jr., with his expanding Cebu Pacific Air and Robinsons Land; Henry Sy with his SM malls, tourism and banks; Lucio Tan with his factories and new Eton realty ventures; the Zobel Ayalas with their Ayala Land and BPI; and Manny Villar of housing developer Vista Land increasing their long-term investments, other, younger entrepreneurs are also investing in large-scale and more long-term ventures.

      Business leaders expect real growth to continue in the economy, with a boom in consumer spending from a population already pushing past 90 million people and nearly 10 percent pumping in foreign exchange as overseas Filipino workers (OFWs).

       Once ASEAN’s economic laggard due mainly to selfish political conflicts, the Philippines seems to have no way to go now but up in economic expansion and steady development. With no more life-and-death political pressures for survival, President Arroyo hopefully will vigorously set the national direction of focusing all our energies and resources on enhancing Philippine global competitiveness, inviting more foreign investors to put their money here (beyond fast-buck stock market speculation), and really strengthen economic reforms!

                                         -TAKEN FROM BORACAY.COM

Why Real-Estate?...

     In this unique situation we have right now, we saw a potential for buyers investing in the Real-Estate market. Investing in Real-Estate (instead of stock or a traditional business) has several advantages - the best being:

1) It's a good asset to have since it usually "never" depreciates (at least over the past 50 years or so. In fact, many properties have had their values increase 2x, 3x, 10x, even 50x in the past 20 years!)
2) It's a solid, tangible investment which you can use whenever you decide to get back and
3) It's relatively cheaper to buy property here than anywhere else. This is especially true for beach lots (The Philippines has over 7,100 islands, there is sure to be a coastline which has your perfect beach property).

More Fil-Ams Investing in Real Estate in RP (CLICK BELOW LINK)
                      

The True Cost of Owning a HOME in the PHILIPPINES!