Best Business Buys provides you a variety of investment
options in the Philippines. Our properties are located in Metro Manila,
Rizal, Mindoro, Bohol, Subic Bay, Clark Pampanga and Boracay Island.
We only offer the best locations for
Why invest in the Philippines?
People
Power
The Filipino workforce is one of the most compelling advantages the
Philippines has over any other Asian country. With higher education
priority, the literacy rate in the country is 94.6% - among the highest.
English is taught in all schools, making the Philippines the world’s
third largest English-speaking country. Every year, there are some 350,000
graduates enriching the professional pool.
Strategic Business Location
The Philippines is located right in the heart of Asia – today
the fastest growing region. It is located within four hours flying time
from major capitals of the region. Sited at the crossroads of the eastern
and western business, it is a critical entry point to over 500 million
people in the ASEAN market and a gateway of international shipping and
air lanes suited for European and American businesses.
First-class lifestyle
Discover the best of sun, sea, sand and style in the tropical setting
teeming with the best of western amenities. The Philippines is second
home to expatriates who enjoy the company of the warmest people in the
region, the country’s openness to varied cultures and a decidedly
global outlook. Expats enjoy accessible and affordable luxuries –
business centers, housing, schools, hospitals, shopping malls, hotels
and restaurants, beach resorts, and recreation centers.
Abundant resources
An archipelago like the Philippines offers diverse natural resources,
from land to marine to mineral resources. It is also the biggest copper
producer in Southeast Asia and among the top ten producer of gold in
the world. It is also home to 2,145 fish species, four times more than
those found in the Bahamas. The 7,100 islands boast of beautiful beaches
and breathtaking sceneries that offer soothing leisure and relaxation
spots for vacationers and tourists.
Low
cost of doing business
Wages are typically less than a fifth of that in the U.S. Local communication,
electricity and housing costs are also 50% lower compared to the U.S.
rates. Foreign companies that are now outsourcing programming and business
processes to the Philippines estimate 30 to 40% business cost savings,
15 to 30% call center services and application systems and 35 to 50%
software development.
Liberalized and Business-Friendly Economy
An open economy allows 100% foreign ownership in almost all sectors
and supports a Build-Operate-Transfer (BOT) investment scheme that other
Asian countries emulate. Government corporations are being privatized
and the banking, insurance, shipping telecommunications and power industries
have been deregulated. Incentive packages include the corporate income
tax, reduced to a current 32%, with companies in the Special Economic
Zones are subject to only 5% overall tax rates. Multinationals looking
for regional headquarters are entitled to incentives such as tax exemptions
and tax and duty-free importation of specific equipment and materials.
Unlimited business opportunities
As Asian economies integrate within the vast framework of the ASEAN
Free Trade Agreement (AFTA), the Philippines is the natural and most
strategic location for firms that want access to the large ASEAN market
and its vast trade opportunities. The Philippines has enhanced and primed
up various areas for investors and offers a dynamic consumer market
accustomed to an array of product choices created by a competitive domestic
economy.
Developing
Infrastructure for Global Growth
A well-developed communication, transportation, business and economic
infrastructure links the three major islands and distinguishes the Philippine
economy. Highly accessible by air, water and cyberspace, liberalization
of inter-island shipping and domestic aviation further sparked improved
facilities and services. The container terminals are suited to handle
cargo traffic at the highest levels of efficiency.
Communication provides redundant international connectivity 24/7 with
fiber optic cable as primary backbone network and satellite as backup.
Economic reforms emphasize regional growth, converting remote areas
into business centers. The landmark BOT legislation allows private investors
to build and operate infrastructure, then turn it over to the Philippine
government after a set period of time.
All you need and more
The Philippines offer state-of-the-art telecommunications facilities,
adequate and uninterrupted power supply. There are ready-to-occupy offices
and production facilities, computer security and building monitoring
systems, as well as complete office services in specialized IT zones.
With the government's focus on building up an IT-enabled economy, the
Philippines is on its way to becoming the E-services Hub of Asia.
Source: Board of Investments