InCorp Philippines – Blogs

Our blog section features original articles on finance, foreign investments, industry updates, entrepreneurship, and other business topics for people who want to gain knowledge on the Philippines’ business environment and economic profile.

Our articles also provide valuable insights on best practices in doing business in the Philippines for local and foreign entrepreneurs looking to set up operations in the country.

Global IT-BPO Philippines vs Latin America_
Global IT-BPO: Philippines vs. Latin America

As the global Business Process Outsourcing “IT-BPO” market continues to expand, outsourcing destinations like Latin America and the Philippines are seeing more foreign investors and increasing annual revenue. These areas expect a 30-40% profit upswing from IT-BPO for the first quarter of 2010.

Foreign Investors Tap Mining Industry in the Philippines

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.

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IT-BPO Watch: Philippine Outsourcing Industry Soars to New Heights

Business Process Outsourcing (IT-BPO) is one of the fastest growing industries in the Philippines today. Since it’s advent, the industry has experienced a steady growth in annual revenue, boasting a 23% increase in 2009 alone. To date, the Philippines covers about 21% of the global IT-BPO market, and is considered a prime outsourcing destination in Southeast Asia.

Call Centers and BPOs
Philippines vs. Malaysia: Call Centers and BPOs

Malaysia and Philippines are two of the top four offshore countries in Asia together with India and China. As the BPO industry progress, the first two countries are battling neck to neck in striving to achieve a higher global market share. Both the Philippines and Malaysia are experiencing unprecedented growth rate and revenue. Call center companies are booming in both countries and are expanding quickly.

SVEG Boosts Philippine Business Industry, Creates Job Opportunities_
SVEG Boosts Philippine Business Industry, Creates Job Opportunities

As the Philippine IT-BPO Industry expands, foreign investors continue to inject capital and resources into the economy, resulting in job creation for the local work force. A key to this unprecedented growth is the recently developed SVEG, short for Special Visa for Employment Generation, a non-immigrant visa which is enabling foreigners to create business opportunities in the Philippine market.

Outsourcing: Philippines vs. India

Business Process Outsourcing (IT-BPO) is one of the fastest growing industries in the world today. As emerging leaders in the global IT-BPO market, both India and the Philippines are considered prime outsourcing destinations for multinational companies all over the world.

PEZA vs. BOI Registration, Weighing the Benefits

Outsourcing companies in the Philippines can opt for either PEZA or BOI Registration to obtain tax incentives in their respective fields of enterprise. Registering with either PEZA or BOI offers numerous benefits for start-up companies in the country, including easier visa processing for expat employees.

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OFW Demand Stabilizes Philippine Economy

Manpower resources are one of the Philippines’ greatest exports. Presently, over eleven percent of the population are employed as Overseas Filipino Workers (OFWs) and Filipino communities are found in almost every industrialized nation in the world.

Commercial Lease Agreements

One sided lease agreements in the Philippines are the rule of thumb and don’t imagine for a second that they are in favor of the lessee. Maybe it is because the lessors are paying the legal fees. Foreigners are often shocked by the commercial and legal terms and conditions used in lease contracts in the Philippines.

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Philippine Food Importation

The local market has a voracious appetite for imported foods, which have always been viewed as a luxury because they were either expensive or difficult to acquire or both. Filipinos are famous for returning home from abroad with balikbayan boxes of SPAM, corned beef, candy, and other “delicacies”.

Restrictions on Foreign Ownership of Land in Philippines
Life, Liberty, and Land: Restrictions on Foreign Ownership of Land in PH

It’s said that “a true free market economy is an economy in which all resources are owned by individuals, and in which decisions about the allocation of those resources are made by individuals without government intervention”. The laissez-faire doctrine maintains that “private initiative and production are best allowed to roam free, opposing economic interventionism and taxation by the state beyond that which is perceived to be necessary to maintain individual liberty, peace, security, and property rights”.

Living and Working in the Philippines

The drama and trauma of obtaining a working permit (AEP) and a 9(g) visa is an experience most foreigners recount with mixed emotions- shock, anger, outrage, frustration, dismay, and even hopelessness. Yes you’re right, I left out joy. The process is time-consuming and difficult.

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