FAQ
Frequently Asked Questions
Which industries are most successful in the Philippines?
In a recent study conducted by Campaign360 in partnership with research firm Milieu Insight revealed that Technology and E-Commerce, Food and Beverage, Health and Beauty Retail, Fashion Retail and Automotive are the top 5 industries thriving in the Philippines
Do I need a local business partner?
No, a local partner isn’t always required to open an international brand in the Philippines, but it depends on the industry and ownership structure. Some industries have restrictions on foreign ownership, requiring a local partner to own at least 60% of the business.
How to start a business in the Philippines as a foreign company?
To start a business in the Philippines as a foreign company, you’ll need to first determine the type of business you want to establish and then register it with the appropriate government agencies. This typically involves registration with the Securities and Exchange Commission (SEC) for corporations or partnerships, or the Department of Trade and Industry (DTI) for sole proprietorships, along with other permits and licenses. Foreign ownership may be restricted in certain industries, so you’ll need to check the Foreign Investment Negative List to ensure compliance.
How long does it take to register a business in the Philippines?
Opening a business in the Philippines as a foreign company generally takes 12 to 20 weeks. This includes the registration process with the Securities and Exchange Commission (SEC), opening a bank account, and applying with other government agencies. SEC registration alone can be completed within about 2 weeks, assuming all documents are in order. This do not include actual store/office set-up, construction and other operational requirements.
How do you help brands localize their products and services?
We localize products and services, by developing a market entry plan to adapt their offerings, messaging, and marketing materials to resonate with the specific cultural and linguistic preferences of their target market. This involves conducting thorough market research, translating and adapting content, and customizing the overall customer experience.
Can you assist with government permits and legal compliance?
Yes, we can assist in the registration of foreign companies through our accredited legal and compliance partner. We can also provide legal consultancy as required and needed based on the company’s industry and requirements.
How much do you charge for consultancy?
We typically charge for our services using several methods, including hourly or daily rates, project-based fees, or monthly retainers. The specific pricing model depends on the type of company, scope of engagement, and the complexity of the project. Our starting hourly rate is $200.00 per hour.
