Issue 7 July 2017

From Dezan Shira & Associates

How to Set Up in the Philippines

P.04 Political, Economic, and Social P.09 Corporate Establishment in the

Introduction to the Philippines Philippines: A Step-by-Step Guide

P.06 Entering the Philippine Market: P.11 Using Singapore as a Gateway to the
Comparing Models Philippines

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Introduction Years
1992-2017

ALBERTO VETTORETTI www.dezshira.com

Managing Partner
Dezan Shira & Associates
www.asiabriefing.com

Within ASEAN, the Philippines has proved to be the least vulnerable country to external www.china-briefing.com
economic shocks. Sound macroeconomic fundamentals, a steady economic growth rate, and
a steadfast commitment to good governance by successive governments in the last decade
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offer foreign investors a stable base to consolidate their ASEAN operations.

The Philippines has an abundance of SEZs spread throughout the country, which have unique www.indonesiabriefing.com
investment incentives. The country has a growing supply of trained and skilled labor as well
as semi-skilled workers. The Philippines also has a language edge over some other ASEAN
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countries, as most Filipino workers are well-versed in English.

Further, successive governments have recognized that corruption and inadequate Reference
infrastructure are two of the key limiters of sustained economic gains, and have taken measures ASEAN Briefing and related titles are
to initiate tax reform and reduce bureaucratic red tape. The current governments planned produced by Asia Briefing Ltd., a wholly
owned subsidiary of Dezan Shira Group.
tax reform package and the anticipated corporate income tax (CIT) rate cut is likely to attract
more foreign investment. Content is provided by
Dezan Shira & Associates. No liability
may be accepted for any of the contents
In this issue of ASEAN Briefing magazine, we provide an introduction to the Philippines as well of this publication. Readers are strongly
as analyze the various market entry options available for investors interested in expanding advised to seek professional advice when
to the island nation. We also discuss the step-by-step process for setting up a business entity actively looking to implement suggestions
made within this publication.
in the Philippines, highlighting the various statutory requirements for overseas investors.
Finally, we explore the potential for Singapore to serve as a viable base to administer investors For queries regarding the content of
this magazine, please contact:
Philippine operations.
editor@asiabriefing.com

All materials and contents

The Philippines is likely to retain its competitive edge over some of its fellow ASEAN members
2017 Asia Briefing Ltd.
in the foreseeable future, and we hope this magazine will enable you to make informed
decisions related to your planned expansion into its promising market. Asia Briefing Ltd.,
Unit 507, 5/F, Chinachem Golden Plaza
77 Mody Road, Tsim Sha Tsui East
Kowloon, Hong Kong

With kind regards,

Credits
Publisher / Alberto Vettoretti
Editors / Adam Pitman, Saponti Baroowa,
Alexander Chipman Koty
Contributors/ Bob Shead, Harry Handley,
Alberto Vettoretti Maxfield Brown
Design / Ly Dang, Kking Lu

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 Table of Contents

P.04
Political, Economic, and Social
Introduction to the Philippines

P.06
Entering the Philippine Market:
Comparing Models

P.09
Corporate Establishment in the
This Issues Topic Philippines: A Step-by-Step Guide

How to Set Up in the Philippines P.11

Using Singapore as a Gateway
to the Philippines

Online Resources from ASEAN Briefing Annual Subscription

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Import and Export Procedures in the Philippines Best Practices four times a year. To subscribe, please
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Payroll Processing and Compliance in Singapore

An Introduction to Doing Business in ASEAN 2017 This publication is available as an interactive

PDF and ePublication with additional clickable
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Strategic Advisory & Commentary

Online Resources on Emerging Asia
Professional Services
Knowledge Sharing Platform

Who Loves the Sun? Investing in Asias Solar Energy Market Regulatory Framework & Updates

Filing GST Returns in India

Legal, Tax, Accounting News
Setting Up a Foreign-Invested Enterprise in Vietnam

New Considerations when Establishing a China WFOE in 2017 Cross Region Comparisons

Industry Studies

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This Months Cover Art from Art Konsult

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Asean Briefing Issue 7 July 2017

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