Open business in boracay, Philippines.

Cortes pri · 2019-06-26T07:38:15+02:00

Hello-shalom, :cheers: What is the requirements for opening a small business to a foreign citizen in the Philippines? (I am a citizen of Israel and my plan is to invest in Boracay island). I need all the information you have.. Office Accounting? business license? Taxes? (mail address?) Local lawyer? Local broker for apartments? Recommended bank company? Bureau of Internal Revenue Registration and Printing of Receipts? ? City license? And perhaps more information I do not know yet... for the success of the business. :thanks:

Cortes pri Banned

Member since 26 June 2019

Cortes priBanned26 June 2019 05:38:15

贬别濒濒辞-蝉丑补濒辞尘,听
What is the requirements for opening a small business to a foreign citizen in the Philippines?聽 (I am a citizen of Israel and my plan is to invest in Boracay island).聽 I need all the information you have..

Office Accounting?聽 business license?聽 Taxes?聽 (mail address?) Local lawyer?聽 Local broker for apartments?聽 Recommended bank company?聽 Bureau of Internal Revenue Registration and Printing of Receipts?聽 ?聽 City license?聽 And perhaps more information I do not know yet... for the success of the business.

Bob604 Contributor

Member since 28 July 2017

Bob604Contributor26 June 2019 06:31:47

108

Without contacts here in the Philippines from your home country, whom you can trust to help you get established, you will lose all your money.聽聽Come to the Philippines (Borocay) and spend at least a year figuring out the聽 ways people do business here and maybe look for opportunities for yourself.聽 Meanwhile, keep your money safely at home.

Cortes pri Banned

Member since 26 June 2019

Cortes priBanned26 June 2019 07:35:09

Hi bob, Thanks for the advice, I was there a few months.聽 I know whats going there. a luxury island聽 and the investment is not small so it's clear that I might lose some money.聽聽But i'm still looking for information here .. fo be ready there

mugtech ViP

Member since 08 September 2012

mugtechViP26 June 2019 11:42:12

4679

Royal Caribbean rescheduled cruise ships with over 4,000 pax that were originally scheduled to stop for a tender port at Boracay.聽 According to Royal Caribbean the Philippines decided that big ships would cause too many envirnmental problems, so the ships are stopping at Subic Bay instead.聽 That is a big hit in local revenue, gotta wonder how fragile Boracay is after being shut down for 6 months.

GuestPoster079 Guest

GuestPoster079Guest26 June 2019 13:31:46

Hi Cortes Pri, you may want to seek assistance of Israel Chamber of Commerce in the Philippines for setting up business in Boracay.

Please check this out

If you will be hiring staff please let me know

GuestPoster079 Guest

GuestPoster079Guest26 June 2019 14:19:09

Hi Cortes pri

It is becoming extremely complicated to invest in Boracay. In fact the government is reducing the number of hotels, restorants etc. Becareful of the people who will tell you no problem to invest in Boracay etc. The scam is not far... dont forget that you will own only 40% of your investment even if you paid everything...

Cortes pri Banned

Member since 26 June 2019

Cortes priBanned26 June 2019 16:19:16

Yea i know and it's still possible..

Cortes pri Banned

Member since 26 June 2019

Cortes priBanned26 June 2019 16:19:54

Thank u i'll..

mikaelarhelger Contributor

Member since 23 September 2016

mikaelarhelgerContributor26 June 2019 17:37:19

110

You are asking this question and do not know the answer? I do not believe you.

Cortes pri Banned

Member since 26 June 2019

Cortes priBanned26 June 2019 17:54:32

#10

WDYM ?聽聽聽 I'm looking for information here about what I asked, I'm not looking for you to believe me, sorry sir.

mikaelarhelger Contributor

Member since 23 September 2016

mikaelarhelgerContributor27 June 2019 01:38:11

#11

110

Actually the post was addressed to someone who asked you a question.聽 In any case, investing in anything is risky but you know this. We are looking at PMVIC (Private Motor Vehicle Inspection Center) now which surely works with guaranteed income over the years because of changing laws and regulations.