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What Does It COST TO START A BUSINESS in the PHILIPPINES?

American Entrepreneur in the Philippines

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Опубликовано:

5 сен 2024

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Комментарии : 51

@greg6935 10 месяцев назад

Im trying or have been trying to start a business in the philippines..im not married there. You were talking before with a lady about OFC or something like that a single corporation. I was looking at the massive negative list...i couldnt understand if ALL retail businesses are not allowed or just some...not sure why the philippines treats foreigners so poorly..its too bad..they would have so much investment if they didnt. I love it there though im back in Canada. Hope they midernize thei laws...id love to go back and do so.e business. Love your channel

@JohnSmuloTV 10 месяцев назад

Hi Greg, appreciate your compliment. You don't need to be married to have an OPC here. I think its complicated here. I can understand how it feels unfair. Even with land ownership, even if you are married to a Filipina, you can't own land. So there are definitely some restrictions for foreigners here. It's only been since 2019 that there was such a thing as an OPC where foreigners could own many types of businesses 100%. Before that the most a foreigner could do is own a business 40%. So there is improvement being made, but still challenges. That said, I think there is still a lot of opportunities in the Philippines for businesses. As I've been doing research on opening an office for a client in Indonesia recently, there is also restrictions there and the entry fees are very high in comparison.

@bret4180 2 месяца назад

I’m glad I found you. My wife is from Cebu and we are looking at moving from the US to Cebu

@FullFinnoy Год назад

Partly due to your channel and even few connections through them we have decided to incorporate in the Philippines. We dicided to go for OPC for various reasons. Thanks for great and helpful content.

@JohnSmuloTV Год назад

That is awesome! Let me know if I can ever help with anything

@themalejodietaylor2599 Год назад

Thanks John for responding so quickly to the requests. ☺

@JohnSmuloTV Год назад

Thank you for the good idea 💡 ☺️

@lizdgb7570 Год назад

Very informative video on setting up business here. 👍 Im sure both locals and foreigners would benefit from your vlog.

@JohnSmuloTV Год назад

Really appreciate that!

@SquadCastTV 2 месяца назад

Can you do a video on how buy and rent property in the Philippines?

@javieritomac Год назад

Great video John 👍🏻🇵🇭

@JohnSmuloTV Год назад

Glad you enjoyed it 😀

@crimeunlimited Год назад

Nice been waiting for these vids :D

@JohnSmuloTV Год назад

Thanks for being one of the people who suggested this type of topic!

@judekidder Год назад

Very well done good info as well 👍

@JohnSmuloTV Год назад

Much appreciated Jude!

@gjm456 Год назад

It all adds up ! Guess when you visit we'll be discussing an AMWAY business. 😂 Good info. John

@JohnSmuloTV Год назад

Lol

@jasonshankweiler9417 7 месяцев назад

Thank you John for the video. Do you have a recommendation for a business lawyer to keep on retainer? I appreciate your time...

@JohnSmuloTV 7 месяцев назад

Hi Jason, my pleasure. Can you email me a hello@johnsmulo.com and happy to pass on referral.

@marriedtoafilipinachannel Год назад

Always wondered that. Thanks John

@JohnSmuloTV Год назад

Your welcome 😊 Thank you for watching

@dardosjourney4359 Год назад

Wondering if some employers will fire people before December or some type of work around to avoid the 13th month?

@JohnSmuloTV Год назад

That's not possible legally because it's prorated and needed to be paid before am employee leaves. However, there are employees that wait to the 13th month to collect the extra money and then quit

@dardosjourney4359 Год назад

@@JohnSmuloTV I heard that some stores only hire people as temporary work or independent contractor to avoid paying benefits. Can you go over some of that in a future video?

@WatchCaliforniaExpat Год назад

@@dardosjourney4359 Let me try to think of how to incorporate that into a bigger topic but doesn't sound legal.

@ShareTradingAdvice 7 месяцев назад

@@dardosjourney4359 Agree that more information on independent contractors and what the rules are for that would be great! Let's hope we get a video like that!🙏

@ShareTradingAdvice 8 месяцев назад

This was a great video, thank you!🙏 For small business owners, is it possible to hire people only on a freelance basis (and have them work out of a co-working space)? So the employee would responsible for all the government taxes and PhilHealth etc? Can you perhaps make a video on this? I'm comparing Vietnam (where setting up a "Representative Office" is super affordable and very little bureaucracy), or the Philippines. I'm planning a trip around Asia in a few months to find some great people, but not yet sure of where the best people are and where it's the cheapest and simplest for me to hire some staff. I'm only staying out there for a couple of months max, after that the employees would be all remote. Also, if you could cover the best places to advertise for workers in Cebu would be greatly appreciated. I'm considering your services at Purple Cow, but not quite there yet, need more info first!🤔

@JohnSmuloTV 7 месяцев назад

Great questions and I will try to answer some on a video. I'd be happy to do a call though to answer more of these questions if helpful. Feel free to reach out on Facebook or hello@johnsmulo.com

@ShareTradingAdvice 7 месяцев назад

@@JohnSmuloTV Thank you, will keep watching, and will also reach out via email as my trip gets closer. Flights to Vietnam booked already, but I'm still researching Philippines.

@JohnSmuloTV 7 месяцев назад

@@ShareTradingAdvice Sounds great

@richardhogeland8597 Год назад

What types of businesses do you have

@JohnSmuloTV Год назад

I have a digital marketing agency in California and a business process outsourcing company and restaurant in the Philippines

@nathanialcombs7414 9 месяцев назад

More curious how much it would take to start a plastic recycling business.

@JohnSmuloTV 9 месяцев назад

I'm sorry I'm not sure on that but if I can help somehow let me know

@vonespinosa7055 Год назад

CEBUUUU ❤❤❤

@JohnSmuloTV Год назад

Cebu 😁

@ramzanrm1867 5 месяцев назад

Hy sir! I wanna open pakistani food restaurant in Philippines. Is pakistani food people will like in Philippines? Can you guide me?

@JohnSmuloTV 5 месяцев назад

Hello, I would recommend doing free taste tests of your food for Filipinos and asking them if they would pay for it if you opened a restaurant. I would also consider opening it near a university where there are more Pakistani students studying to be nurses and doctors here. Feel free to send me a message on Facebook or email.

@garygrossmann4041 6 месяцев назад

Hi, would an Artist Development Program meet the Training Centre requirements for 100% Foreigner Owned, and what if it is linked to a Recording Studio, would that be a viable Service?

@JohnSmuloTV 6 месяцев назад

Hi Gary, it's really expensive to do something that is for locals, but in a bigger city like Manila could well be viable.

@DarrenNevares 7 месяцев назад

Hey John, is there any resources for expats owning franchises in the Philippines?

@JohnSmuloTV 7 месяцев назад

Hey Darren, I'm sorry I'm not sure on the legalities of that but happy to refer you to a business attorney who would know more. Consultations are usually only around $20-$30

@jasonshankweiler9417 7 месяцев назад

Hi John, I would like to have the contact of the business attorney when you get a chance thank you! @@JohnSmuloTV