ASEAN Connected: Philippines Business Guide
According to UNCTAD's World Investment Report 2015, the Philippines is one of the top 10 recipients of foreign direct investment (FDI) in East and Southeast
Asia. The Philippines received FDI inflows of USD5.72 billion in 2015.
Key facts about starting a business in the Philippines:
- It takes 16 procedures and approximately 29 days to start a new business in the Philippines; this process is detailed in the Doing Business in
- Obtaining an Alien Employment Permit costs PHP8,000 for one year; employment regulations are discussed in detail in the Labour chapter
- It takes approximately 21 days and costs PHP43,043 to apply and obtain a building permit and all ancillary permits at the Office of the Building
- Companies operating in the Philippines spend, on average, 183 hours per year 'Paying Taxes'; the tax regime is outlined in the Tax chapter
- Large or public entities must use Philippine Financial Reporting Standards (PFRS), SMEs are obliged to use PFRS for SMEs; further details can be
found in the Audit chapter
- Companies wishing to list on the first board of the Philippine Stock Exchange must, amongst other requirements, have recorded a profit for the
past three fiscal years; this is discussed further in the Finance chapter
Become A Member
Group Managing Director, doq®
Member of the ECA
"Our mission is to connect Australia and Japan – by using our local knowledge to service clients in the Asia Pacific region that we can grow with. This
allows us to develop cross-cultural marketing solutions that are mutually beneficial, both for our Australian and international partners. Being a part
of the ECA has been an important asset to our growth; setting a high bar to reach for, providing a valuable network, introducing us to new leads and
informing us of changing trends. We look forward to continuing to be the specialists in anything Japan-related and are proud to be associated with
Down Under Enterprises grows, produces, exports, and markets traceable and sustainable native Australian essential oils and botanicals. We source from their farm, Buhlambar, and also from small growers across Australia.
Founded in 1991 in a spare bedroom to sell Tea Tree Oil from Dee-Ann’s parents’ farm, Down Under Enterprises has since grown to support over three dozen Australian farming families.