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PHILIPPINES: QUICK
FACTS
·
Archipelago of 7,107 Islands and islets off the southeastern coast of
mainland Asia.
·
Geographic size: 300,000 sq. km. of which 1,830 sq. km. is water and
298,170 sq. km is land.
·
Capital:
Manila
·
Population: 85 million
·
Ethnic
profile: Christian Malay 91.5%, Muslim Malay 4%, Chinese 1.5% other 3%
·
Language
spoken: Filipino and English; and other regional dialects
·
Literacy:
94.5% of total population, one of the highest in Southeast Asia
·
Number of
universities/colleges: 1,479
·
Number of
graduates annually: secondary school, over 1 million; college/university
level, 350,000
·
Government: Democratic
·
Political
System: Presidential system of government with 3 equal branches; the
executive, legislative and judiciary
·
Time
Zone: GMT+ 8 hours
·
GDP
Distribution: Agriculture 20%, Industry 34%, Service 46%
THE PHILIPPINES
STRATEGIC ADVANTAGES
Strategically
located in Asia
· Lies in the
fastest growing region for high technology
· Regional hub
for logistics
· Good access to
the important 550 million people of ASEAN
· Within 3 to 4
hours by plane from key Asian cities
Quality Human
Resources
· Labor
force of 32 million
· Highly
educated/fast learning curve
· World class
English proficiency, strong customer service orientation
· Excellence in
key professions
· Very open to
other cultures
· 3rd in the
world in the availability of competent personnel
· Competitive
labor rates
Reliable
Infrastructure Support
· Expanding
multimedia infrastructure
Business Friendly
Environment
· Liberalized
economy
· Deregulated
telecommunications and other key industries and services
· Strong capital
markets and banking system
· 100% foreign
equity participation allowed
· Market-oriented
foreign exchange policies
· Guarantee of
basic rights and interest for investors
· Pro-active
assistance to and hand holding of investors
PHILIPPINE TRADE AND INVESTMENT CENTER
Mission
To generate income, employment and foreign exchange
through the promotion of exports of products and services, the
attraction of Chinese investments, and the provision of necessary
commercial and market intelligence and policy representation in China
Services
·
Economic Information Service
·
Referral to Chinese Buyers & Prospective Business
Partners
·
Referral to Philippine Suppliers and Outsource Providers of Goods and
Services
·
Business Matching
·
Organization of Trade and Investment Missions
·
Generation of business leads and opportunities
·
Implementation of Trade Fair, Seminars and Conference Participation
·
Investigation of Trade Complaints
·
Commercial and Market Intelligence Reporting
·
Policy Representation & Negotiation of Trade Issues
·
Trade and Investment Facilitation and Handholding of Clients/Consultancy
GUIDE TO DOING BUSINESS IN THE PHILIPPINES
Getting Started in the Philippines
·
Registration of corporations and partnerships at the
Securities & Exchange Commission (SEC)
www.sec.gov.ph
·
Registration of business name/single proprietorship at
the Department of Trade & Industry (DTI)
www.dti.gov.ph
·
Registration for incentives availment under Executive
Order 226 at the Board of Investments (BOI)
www.boi.gov.ph
·
Registration with other investment promotion agencies to avail incentives at:
·
Philippine Economic Zone Authority (PEZA)
www.peza.gov.ph
·
Subic Bay Metropolitan Authority (SBMA)
www.subicbay.com.ph
·
Registration of foreign investments for purposes of capital repatriation
and profit remittance at the Bangko Central ng Pilipinas (BSP) –
www.bsp.gov.ph
·
Securing tax identification number (TIN) at the Bureau of Internal
Revenue (BIR) www.bir.gov.ph
·
Securing locational clearance/business permit for firms locating in
Metro Manila at the Metro Manila Development Authority (MMDA)
www.mmda.gov.ph
·
Securing an employer’s Social Security Number (SSS)
www.sss.gov.ph
·
Securing membership in the government health care benefit
system Philippine Health Insurance Corporation
www.philhealth.gov.ph
·
Securing electric services connection with Manila
Electric Co. (MERALCO)
www.meralco.com.ph for business in MERALCO franchise area; local
electric utility firms for companies locating in non-MERALCO franchise
area
·
Securing water services with Maynilad Water Works
www.manilawateronline.com
and/or Manila Water Company for firms locating in Metro Manila and Local
Water Utilities Administration (LWUA) for firms locating outside Metro
Manila
·
Securing telephone services connection – Philippine Long Distance
Telephone Co. (PLDT) www.pldt.com.ph, Bayantel, Digitel, Smart and
Globelines
Other Important Links:
·
Information on labor laws and regulations
www.dole.gov.ph
·
Information on trade exhibits and expositions and list of Philippine
exporters: Center for International Trade Expositions and Mission (CITEM)
www.citem.com.ph
·
Information on Philippine exporters
www.philexport.com.ph
·
Information on visas and consular services
www.philcongenshanghai.org
·
Information on tourism and tourism-related investments
www.wowphilippines.com.ph
CONTACT US:
In Beijing
Office of the Commercial Counsellor
Philippine Embassy in China
No. 23 Xiu
Shui Bei Jie, Jianguomenwai,
Beijing, 100600, PRC
Tel. No. +86 (10) 65325347
Fax: +86 (10) 65325348
Email:
dtibeijing@yahoo.com
In
Shanghai
Philippine Trade and Investment Centre
Philippine
Consulate General-Shanghai
Address:
Suite 1711 Shanghai Mart
2299
Yan'an West Road, Shanghai 200336
People's Republic of China
Telephone: +86 (21) 62367297
Facsimile: +86 (21) 62367576
Email:
ptic@philcongenshanghai.org
dtishanghai@yahoo.com
In Guangzhou
Philippine Trade and Investment Centre
Philippine
Consulate General-Guangzhou
Rm. 713, 7/F Guangdong International Hotel,
339 Huanshi Dong Lu, Guangzhou, PRC
Tel. Nos. +86 (20) 83316331
Fax No. +86 (20) 83312391
Email:
pitcgz@163.com
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