There are so many destinations all over the world. So, the big question is why one should consider purchasing a business in the Philippines. Check out some top reasons why you should purchase a business in the Philippines
1. Ease of conducting business
Several foreigners who initially make an attempt to enter the Philippines market might feel that the country’s business environment is tough but it is not true. While the processes could be bureaucratic at times, there are certain shortcuts, which enable things to move faster than even some of the western countries.
2. Lower salary rates
Although the salary rates for unskilled and skilled labor in the country is higher than some of the developing nations, they are significantly lower than many western developed countries.
3. Philippines Government offers alluring tax incentives for the businesses
The government can offer some incentives for a business in case it is situated in one of the country’s export zones or is an export-oriented firm. Such incentives can range from income tax exemptions for 4 to 6 years, duty-free import of raw materials and equipment among others.