STARTING A BUSINESS | INVESTMENTS | INCENTIVES | FOREX | TAX | CUSTOMS
SUMMARY OF STEPS IN STARTING A BUSINESS
Philippine laws allow foreign investors to engage in business in the Philippines, subject to compliance with applicable laws and regulations. As a rule, foreign investors may invest in any area of activity in the Philippines, except only those activities that are wholly or partially nationalized under the Philippine Constitution and existing laws and regulations.
Engaging in business in priority sectors may qualify the business to avail of incentives by registering with incentive giving government agencies. These incentives may include fiscal and non-fiscal incentives.
GENERALLY, STARTING A BUSINESS IN THE PHILIPPINES INVOLVES THE FOLLOWING STEPS: