Should Foreigners Start Businesses in the Philippines? 🇵🇭 | John Smulo

American Entrepreneur in the Philippines

Подписаться 9 тыс.

Просмотров 6 тыс.

50% 1

If you're a foreigner who is not retired, or even if you are, if you are living in the Philippines or considering moving, finances may be the number one thing you are trying to figure out.
The solution for many is to consider starting a business in the Philippines. However, most people have heard about the challenges and aren't sure if they should take the risk.
In this video I talk about the pros, cons, and solutions to the challenges you will face.
📢 Join this channel to get access to perks: / @johnsmulotv 👈
For business opportunities contact: hello@johnsmulo.com.
If you enjoyed this video, please give us a like and share it with your friends.
Subscribe to our channel for more videos like this:
ru-vid.com...
Follow us and get regular updates!
Facebook: / johnsmulotv
Instagram: / johnsmulo

Опубликовано:

29 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 95

@BS_Mods Год назад

Some really good food for thought. It is a big learning experience here starting a business. Like the saying goes, "You don't know what you don't know". Working with people here is such a great joy. It's all the legwork to get it rolling that is the biggest pain.

@JohnSmuloTV Год назад

You don't know what you don't know--so true here. The legwork really is a pain.

@GermanFilipinaCouple-h9d Год назад

Great information as always John

@JohnSmuloTV Год назад

Thanks Vicky!

@lizamacaroncio4739 Год назад

Thanks John nice advise God Bless u always🙏🇨🇦

@JohnSmuloTV Год назад

Thank you Liza! God bless you too.

@JudeRicoTechTalk Год назад

Definitely a good idea sir John! ❤️

@JohnSmuloTV Год назад

For the right person, with the right business idea, agreed! Thanks for watching Jude. Hope you are great!

@JudeRicoTechTalk Год назад

@@JohnSmuloTV off topic, I love the lights set up of your studio. Did you use soft box here? 👏🏻

@JohnSmuloTV Год назад

@@JudeRicoTechTalk Thank you, yes, two of them.

@themalejodietaylor2599 10 месяцев назад

Referred to you by Pea. Great channel John. Subscribed. Thank you.

@JohnSmuloTV 10 месяцев назад

Much appreciated Jodie. I have second channel recently too www.youtube.com/@WatchCaliforniaExpat

@winstonbabula1448 Год назад

Hi, John!! Nice video, very infomative

@JohnSmuloTV Год назад

Thank you Winston! 😊

@MUSABBPT Год назад

Very informative sir. Thanks

@JohnSmuloTV Год назад

Welcome!

@nick9812PH Год назад

Subbed! I checked your channel and maaaaaaaaan the number of videos you uploaded in 1 year is crazy. I hope you get more subs and views!

@nick9812PH Год назад

I was so curious about you so I did research and found out you own a VA agency! that's awesome what a small world. I'm a freelance VA!

@JohnSmuloTV Год назад

Thank you ☺️ 👍

@JohnSmuloTV Год назад

@@nick9812PH Not exactly but similar. What type of VA work do you do?

@nick9812PH Год назад

@@JohnSmuloTV I provide Administrative support to my clients. You agency is based in cebu?

@christianraysidon1324 Год назад

Thanks for the information sir john 😀 i really miss your business vlog, every information is soo much worthed ❤.

@JohnSmuloTV Год назад

Thank you so much! Hope to see you again soon.

@christianraysidon1324 Год назад

@@JohnSmuloTV me too sir John 😃

@foreignermakingmoney-phili1458 Год назад

My business is with alot of others is with my Filipina partner, it is agricultural based in the provinces with growing sugar cane, corn and a piggery. Exploring other avenues and income streams. The idea is to make enough income in the Philippines that we don't have to touch any income generated in the West. The money generated in the West can just be invested in the stock market, etc and grow as a large safety cushion, for generational wealth building or for use in the depths of retirement. Great vid, thanks. 👍 👌 👍

@JohnSmuloTV Год назад

Thank you for asking the question on this and inspiring me to make this video. I really appreciate all of the info on your channel about these things.

@melusinkiwane3544 Год назад

@@JohnSmuloTV can I have your email? I did study in the Philippines..I am back in my country but want to come back and work there..can we have a conversation about that if possible?

@JohnSmuloTV Год назад

@@melusinkiwane3544 yes, my email is hello@johnsmulo.com

@thenewyorker7624 Год назад

What an interesting topic.

@JohnSmuloTV Год назад

Glad you enjoyed!

@reverradiojr.5219 Год назад

Its a great knowledge for us

@JohnSmuloTV Год назад

Famous chef Rever! Thank you.

@joycelyntumulak1354 Год назад

Wow! Its always pleasant to hear your cool way and noble thoughts and advises. What a beautiful info Sir John. It will be a great help for everyone. Thank you. Great video...keep it up! God bless ♥️

@JohnSmuloTV Год назад

Thank you so much 😊

@joycelyntumulak1354 Год назад

@@JohnSmuloTV You are very welcome Sir John♥️

@chrisjohnson5294 Год назад

Good vid John A+

@JohnSmuloTV Год назад

Thanks Chris!

@paranormalawakening Год назад

John your channel has been awesome and your videos are getting even better on the daily. I hope start up tribe is going well for you and I hope to hear from you soon! I hope to visit the philipense someday very great people out their. I think you would make an excellent boss for your business because you have such a positive attitude over everything and everyone! Keep doing great things man. 👊- scott martin

@JohnSmuloTV Год назад

Thank you for your encouragement my friend. It means so much to me. I hope you and your family are doing great.

@paranormalawakening Год назад

@@JohnSmuloTV thank you and same to you and yours. I hope to visit the philipense soon someday!

@JohnSmuloTV Год назад

@@paranormalawakening I'm sure you will!

@bartphlegar8212 Год назад

Well balanced and thoughtful as usual, John. Westerners get PO'ed if everything isn't ship shape and going full speed. Filipinos are happy if the boat isn't taking on water. If you can't slow down and relax, then island life might be great for vacation, but probably not a good fit for residence - much less a commercial venture...

@JohnSmuloTV Год назад

Thank you for your thoughtful comment Bart.

@darrellnelson3203 Год назад

Very good. I super like your comment about asking a forienger who is doing business in the Philippines for some time that LOVES PEOPLE and CULTURE :)

@JohnSmuloTV Год назад

Really appreciate your comments Darrell! The support and encouragement means a lot to me. Are you in the Philippines or overseas?

@darrellnelson3203 Год назад

@@JohnSmuloTV Yes, and yes. Davao and Vancouver, Canada :)

@JohnSmuloTV Год назад

@@darrellnelson3203 Got it 😊👍👍

@anachan3746 Год назад

Hi John! Great topic you got here. Nice to hear it from a foreign investor's perspective. My friends from Australia want to register their business here in the Philippines just for the purpose of employees to be tagged as employees instead of freelancers. Is that even possible? Is there a lawyer you can recommend? Thanks John!

@JohnSmuloTV Год назад

Hi Ana, thank you for watching and commenting. I do have an attorney I can recommend though maybe best to send me Facebook message for info or email me at hello@johnsmulo.com. However, if they don't plan on living here it may make a lot more sense for them to use a company like mine as an Employee of Record (EOR). How it works is we provide all of the office space, take care of things like payroll, government benefits, holiday pay, legal compliance, HR and management, computers, etc. But the employees work full time for them. This is a common model in places like the Philippines and much easier than incorporating here and trying to manage employees from a distance. I lived in Australia for 10 years previously and would be happy to talk to your friends too.

@PHExpatPrepper Год назад

6 years now.. our water\ice biz is booming. Has been after the first start up year. I did a video on how to not fail with a water biz. Trust me if you are not ready to spend 1.5M peso.. look for something else.

@JohnSmuloTV Год назад

I didn't know you had a channel will check it out. What does most of the expense go to?

@PHExpatPrepper Год назад

@@JohnSmuloTV Start up equipment (the right size) supplies, trikes, ect

@drluistheveninolivier5981 Год назад

Good morning. I appreciate your videos about business and life in the Philippines. My question is, is it possible to have a small company or in a personal capacity to import products from the United States or another country? Will the process be simple or complicated? You also know if as an American it is easy to have a residence there. I want to move there in a year and I'm investigating. Thank you for your comments. We'll always have a few beers there to talk about this whole adventure.

@JohnSmuloTV Год назад

Good morning. It depends on what is being imported. For example, phone cases would be easy and food is very hard. If you didn't get a chance to see my video on importing with Dave, you may find it helpful ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Y0-8eLBMrF8.html. I'll look forward to those beers :)

@drluistheveninolivier5981 Год назад

Thanks Let me check 😃

@toddhomman2569 Год назад

Great video. Ms. Pea is a good friend of mine and she sent me to you to ask my question. The question is, I do not want to start a business but I do want start a non-profit for children, mainly to help them with school fees, clothes and supplies and from what I have read I will need to incorporate myself to do this. So is this correct and if so how do I accomplish this? BTW I am retired US military and I will be visiting/moving there soon and I plan on getting an SRRV. I have NO INTENTIONS on making this an income business.

@JohnSmuloTV Год назад

Hi Todd, always good to meet a friend of Pea. I would start off with this information from the SEC website www.sec.gov.ph/foundations/frequently-asked-questions/. Last time I looked into starting the same it was fairly expensive to get started, though I am forgetting exact costs. I would highly recommend having a consultation with a good attorney here initially (expect around $30 for a 1 hour consultation about how to get started). Feel free to reach out to me on Facebook messenger or email in my channel description.

@PangetKano Год назад

Great info, many foreigners have difficulty managing Filipinos due to cultural differences. “Pwede na”

@JohnSmuloTV Год назад

Yes, its true. Lots to learn, and many ways I want to be more like Filipinos instead of Americans.

@JC0820 Год назад

Lol pwede na is not a thing anymore for many Filipino workers today because of the lack of job opportunities in the country. Most Filipinos, especially the new generation, are becoming more independent. They want a job at a young age, so they learn to do their best in whatever job they get into. It is a sign that more Filipinos are aware of how important it is to have a job. Maybe because of the effect of social media and the evolution of technology, they were exposed to some of the lifestyles of other developed countries.

@Yougetwhatyoupay Год назад

New subscriber here! Really nice video. I think you forget one of the biggest con: you can not own more than 50% of a company unless you invest $200k? And for retail business is much more? I would love if am wrong and you explain that.

@JohnSmuloTV Год назад

Hi Adel, thank you for subscribing! Happy to have you hear. In terms of ownership, it depends on the legal structure the business is under and also the type of business. For my core business here I structured it as a One Person Corporation (OPC). This means I own it 100% and I didn't have to pay anywhere near that to start. However, my understanding is that depending on certain factors, such as risk, some businesses will take more to start than others with the OPC.

@Yougetwhatyoupay Год назад

@@JohnSmuloTV thanks for you reply 👍

@JohnSmuloTV Год назад

@@Yougetwhatyoupay My pleasure

@peter.harding Год назад

@@JohnSmuloTV Are you going to cover in more detail the OPC process and requirements? This is the first time I am hearing about this business option. Do you mind discussing your Visa status?

@jamesfleming3614 9 месяцев назад

What about start a business in the Philippines being remote?

@JohnSmuloTV 9 месяцев назад

I think it depends on the support you have on the ground here in the Philippines. If you have an idea your thinking through here feel free to reach out to me if you need any help hello@johnsmulo.com

@Caddrawings579 Год назад

Hello What are your thoughts about growing veggies here? comparing the prices with my home country the Netherlands the prices here are SkyHigh greetz from Naga Cebu

@JohnSmuloTV Год назад

Hi Bert, I just had a new employee from Naga start with us a couple days ago. I think lots of competition but also lots of people who want to buy. If you can grow them and also sell them, instead of using a middle man, then you could keep profit margins ok. Do you have experience farming or know people who do?

@EmilandJoyinPH Год назад

Next is understanding language without asking gf/wife

@JohnSmuloTV Год назад

Haha, that's really something I dream of here. I want to know the language much better.

@EmilandJoyinPH Год назад

@@JohnSmuloTV yeah, i know somethings but not much..

@ByronWatts Год назад

Where _could_ a/the business be registered to qualify as a business for the purpose of job creation in the Philippines and thereby, to qualify for a Business Visa (rather than a Tourist Visa)...little things

@JohnSmuloTV Год назад

Hi Byron, I'll be having another video about these things soon. It's definitely easiest to have someone do it for you, but otherwise its juggling multiple government agencies such as SEC, getting mayor's permit, etc etc.

@matteo2897 7 месяцев назад

hello John Is it possible to open a small restautant or a food take away business and own 100% of the business? thank you!!

@JohnSmuloTV 7 месяцев назад

I don't think so with food business my friend but if you search OPC negative list you should be able to see for sure

@matteo2897 7 месяцев назад

@@JohnSmuloTV thank you John

@WatchCaliforniaExpat 7 месяцев назад

@@matteo2897 Your welcome 😊

@haroldsullivan9854 Год назад

Hi, I am an American lawyer with more than 25 years of international consulting experience, primarily in Public-Private Partnerships, PPP, throughout South and Southeast Asia. Most of my projects were financed by the ADB, based in Manila. My profile is shown on LinkedIn. I am getting up in age, but rather than retiring completely I am thinking of offering shares of my Maryland corporation (Osana International Inc, established in 1996) to another American professional(s) to continue running the business as CEO. Do you know any professionals who might be interested? Regards, Hal

@JohnSmuloTV Год назад

Hi Hal, thanks for reaching out. I'd be interested to know more. If you have time for a Zoom early next week please let me know. My email is hello@johnsmulo.com

@mr.miracol3125 9 дней назад

If you want to business in Philippines hired me as a front for your business

@williampowers3443 Год назад

I'm considering a business involving selling to other Americans or people who speak English who are tourists. My Filipina Asawa ko and the daughters cold help.

@JohnSmuloTV Год назад

Sounds good William. Are you in an area with lots of tourists?

@williampowers3443 Год назад

Selling food. On the beach. Sorry I left that out.

@JohnSmuloTV Год назад

Sounds like a good plan. Low overhead that way

@waterbug1135 8 месяцев назад

Foreigners should learn from Filipinos and find a way to keep the gov out of their business. For example, stay with online businesses. Even if you have Filipino employees it can be via a web site in the West. Foreigner can communicate via video chat even though he's 2 doors down from the Filipino.

@JohnSmuloTV 6 месяцев назад

It's really different here then in the west and there needs to be more accountability. I was going to do online business then i would just hire people as contractors but when working overseas and especially in the philippines i find working office based is so important to making sure everybody is doing their best

@ethiehetherington5086 Год назад

Be careful with people when hiring an employee or employers. January- hard worker, very vindictive but indirectly. They used people to do their revenge no matter long it takes. February- honest, loyal, but little bit lazy, ego-eccentric and perverse. March- Smart, Compassionate, understanding, but like a short a cut, demanding and can be a cold, cold heart. April- Self-interest, lazy, credit grabber and wicked. May- Hard worker, loyal, honest, enduring, but have a ferocious temper tantrum. June- Business minded, hard worker, like wheeling and dealing, but tricky.

@JohnSmuloTV Год назад

June birthday here. Thanks Ethie.

@ethiehetherington5086 Год назад

Yes, people who born in June are smart, business minded. Donald Trump, Elon Musk, Susie were born in June.

@glennlewman4186 8 месяцев назад

Do not start a bussiness in the Philippines

@JohnSmuloTV 8 месяцев назад

What's your thoughts on where you would start a business and why different than the Philippines for you?

@alialsuroor7032 5 месяцев назад

I really enjoyed listening to your excellent podcast about business in the Philippines 🇵🇭. I'm planning to start my own business and I would greatly appreciate it if we could exchange emails. It would be great to meet you in person and invite you for dinner to get to know you better and discuss my interest in the Philippines. Could you please let me know how we can share our email addresses? By the way, I am from Saudi Arabia.

@JohnSmuloTV 5 месяцев назад

Very nice to meet you. I would enjoy meeting when you are in the Philippines. My email is hello@johnsmulo.com