THE ART OF BEING LOCAL
IN The  Philippines

Company formation in the Philippines

The Philippines, an archipelago consisting of over 7,000 islands, is a nation known for its rich cultural heritage, stunning natural beauty, and warm hospitality. With a population of approximately 116 million people, it is characterized by its diverse traditions, languages, and vibrant festivals. The country’s capital, Manila, serves as a bustling metropolis and a focal point of political, economic, and cultural activities. The Philippines' tropical climate, beautiful beaches, and unique biodiversity make it a popular destination for tourists from around the world.

Sharon Aytona, the Managing Partner of InterGest PH Services, Inc., holds degrees in Business Administration, Accountancy, and Law. With over 20 years of experience as a Certified Public Accountant and consultant in taxation, accounting, government licenses, and business consulting, she develops business strategies and assists companies in establishing financial systems. She provides business license registration and renewal services, accounting expertise, and ensures government compliance for international clients. Sharon is based in Manila and speaks both Filipino and English.

Frank Albrecht, a Partner at InterGest PH Services, Inc., holds a Master's Degree in Asia studies and economics. He has more than 30 years of experience in global sales and business development, focusing on B2B and B2C in the automotive, technical, luxury, and biotech sectors. He worked for over a decade at Harley-Davidson Motor Company and has spent 25 years in Asia. Frank is a member of IHK in Germany and GPCCI in Manila. He is fluent in German and English and divides his time between Germany and the Philippines.

10 Best Reasons to Invest in the Philippines
1. Strategic Location

The Philippines is strategically positioned in Southeast Asia, functioning as an entry point to key Asian markets and playing a vital role within the ASEAN (Association of Southeast Asian Nations) economic community, which comprises a total population of approximately 700 million. Its close proximity to China, Japan, and other ASEAN nations renders it an ideal hub for business operations and trade.

2. Growing Economy

The Philippines boasts one of Asia's fastest-growing economies, with a nearly 7% CAGR over the past decade, making it attractive to investors seeking dynamic markets. The ASEAN nations have signed RCEP (Regional Comprehensive Economic Partnership), the first free trade agreement among the largest economies in Asia, including Australia, China, Japan, New Zealand, and South Korea.

3. Young and Skilled Workforce

The country boasts a young, educated workforce with a median age of 25.7 years, among the youngest in ASEAN and globally. This vibrant and dynamic labor market provides a competitive edge for businesses, with a workforce of over 50 million and 800,000 new college graduates annually.

4. Competitive Business Costs

Operating costs in the Philippines are relatively lower compared to other Asian countries. This includes labor, utilities, and rental costs, making it a cost-effective destination for business operations.

5. Strong Consumer Market

The Philippines, with a population of over 116 million, provides a substantial consumer market and access to other ASEAN markets. The expanding middle class and increasing incomes contribute to the demand for a range of goods and services.

6. Government Support and Incentives

The Philippine government provides incentives for foreign investments, such as tax holidays, duty-free importation of capital equipment, and simplified import-export procedures. Deregulation allows 100% foreign ownership in many economic sectors.

7. Robust Infrastructure Development

The country is experiencing significant infrastructure development, with projects in transportation, telecommunications, and energy sectors with a special focus on renewable energy projects. This improves connectivity and supports business activities.

8. Business-Friendly Environment

The Philippines has made alterations to business registration, permits, and licensing processes, impacting the ease of starting and operating businesses. InterGest PH Services Inc. provides local support for your global investments.

9. Thriving BPO Industry

The Philippines is a global leader in the Business Process Outsourcing (BPO) industry. The sector provides a robust support system for businesses, offering services such as customer service, IT, and back-office operations.

10. Cultural Affinity and Adaptability

Filipinos' friendliness and cultural affinity with Western countries make them adaptable to various business practices and consumer preferences, facilitating smoother operations. Investing in the Philippines offers advantages such as a strategic location, growing economy, skilled workforce, and supportive government policies, making it attractive for global investors.