TOURIST INFORMATION FOR TRAVELLERS TO MANILA,
ON BUSINESS TO PHILIPPINES
MANILA BUSINESS & VISAS:
Foreigners can come and stay in the Philippine for business, pleasure or health reasons without a visa for not more than 21 days and are exempt from the payment of immigration fees and charges. You can extend for another 38 days through a visa waiver. Thereafter you can apply for the regular monthly extensions for a maximum stay of (1) one year and fifty-nine days.
Temporary visitors who have been allowed to stay in the country for more than six (6) months may apply for Alien Certificate of Registration (ACR) and Certificate of Residence as Temporary Visitor (CRTV) with the main office of the Bureau of Immigration (BI) or with its sub-ports, which have territorial jurisdiction over these aliens.
Office hours for business and the Philippine Government normally are 8:00 a.m. to 5:00 p.m., with a one-hour lunch break. Most banks are open from 9:00 a.m. to 3:00 p.m.and of course many ATM machines everywhere.
Statutory holidays start on January 1 (New Year's Day), April 9 (Araw ng Kagitingan), May 1 (Labor Day), June 12 (Independence Day), last Sunday of August (National Heroes' Day), November 1 (All Saints' Day), November 30 (Andres Bonifacio Day), December 25 (Christmas Day), December 30 (Rizal Day) and December 31 (last day of the year). Maundy Thursday and Good Friday with added to this regular holidays.
Manila from the air coming in to land
Foreigners who want to start a Philippines company you need to do your homework as its not one of the best places to set up any business or Company (save for a resort etc with Filipino wife ) so be careful. The rules are not consistent and there is a lot of graft so the processes like Thailand can be slow and arduous. Like any Asian Country a management structure is first and foremost so if your e a yank who knows it all, you will be in for a shock so get back to square one and prepared for a slow process. However like Thailand done properly you can win but be careful of short cuts which could back fire on you.
The advantages are you can take advantage of tax holidays from three and eight years upon registration. Companies operating in special economic zones pay a corporate tax rate of just 5% on gross income.A business can be 100% foreign-owned if it is located in an Export Processing Zone or Special Economic Zone and up to 100% foreign ownership of domestic market enterprises is allowed except for specific areas listed under the Foreign Investments Negative List. A range of investment incentives are available to support. For example, the Board of Investment (BOI) offers grants to foreign investors who invest just like Thailand. Foreign investors choosing a filipino company should prepare for a minimum paid-up capital of US$200,000 and you must have a minimum of five shareholders and five directors. The majority shareholding must be Filipino, unless 100% foreign ownership is granted.Companies outside the special economic zones are subject to a corporate tax of 32%. A statutory audit is required for all foreign corporations and branches. An annual return must also be submitted to the Bureau of Internal Revenue.
Doing Business in Philippines can be rewarding but can be a downer
Doing Business in the Philippines. If one is to put up a company which is 100% owned by a Brit investor, the minimum amount of capital needed is $200,000. If the capital is less than this then 60% of the investment must be owned by Filipino investors; your wife, friends etc just like Thailand (51%). Please take note that the minimum amount of capital needed will then vary depending upon the type of business the company you want does as theres still rules and regs on business here; licenses etc just like Thailand.
More than 1/2 the board of directors must also be Filipinos. If theres 6 members of the board of directors, then 4 of them must be Filipinos. Moreover, in the Philippines, there is also a need to specify who among the members of the board of directors is the one one who would handle accounting which is why management is the most important aspect of doiung business without being ripped in the Philippines
Thus setting up a company in the Philippines is a complex procedure that needs documentation and registration, rules and regs from the various government offices & the paperwork can and is inconsistent but bare with it if you want to go thru. Most of all have an honest accounts person working for you. Because of this, we can therefore say that it would be difficult for a foreigner to start a company in the Philippines by himself -- forget it as many hav etried and lose in the first door. You need a good knowledge of the laws in the Philippines and a more than average English reading and conversational skills. Without these capabilities, we can say that it would be very dangerous to pursue this documentation.
With an adequate know-how, it is even possible to put up a company which could be substantially managed by the Japanese investor himself. Coordinating with a Filipino is one way to solve the difficulties mentioned above. However, you must also consider whether that Filipino has sufficient knowledge in law and enough experience to handle safely your business etup so do your homework.
MANILA MACHINERY BUSINESS:
Coming to the Philippines looking for machinery try: www.auctionmalinta.com or www.uauctioneers.net
There is an airport tax departure of P750 for international flights P200 for local and you pay as you go theu to immigration. Theres 2 money changers there if you need to pay but you can pay in US$. [ Check out departures ]
SIMM CARDS & WHERE TO BUY IN MANILA: Smart simcard in the airport; ask an airport representative for assistance. Activate the sim by dialing *888. you have 2 options in loading your new sim with credits - OTA (over the air) is a card with 300 & 500 denominations. Eload is readily available anywhere, from retails shops to pharmacies to malls. If you have any concerns, you can call toll free *888 for customer service or visit any Smart Wireless Center.
POWER OUTLETS IN MANILA:Are 2 pin flats or round 220 volts 60hz no earth. You can buy adaptors cheap in Ace Hardware in the malls easy enough and cheap.
MOBILE PHONE CARDS & SIMMS IN THE PHILIPPINES:
Its so Easy to add a new simm while youre on holiday as the cost for a simm card is a mere 40P for a GlOBE or 30P for Talk n Text. You can top up with 100P 200P 500P from money changers to local shops and theres plenty of outlets. Long distance calls no problem and reception is fine. MAKE SURE YOU HAVE UNLOCKED YOUR MOBILE
WIRELESS INTERNET IN MANILA: In the Hotels unless they say wireless is free then its not. The cost to use wireless which most Hotels won't tell you when you book is 100P for 1 hour in a 24 hour period & 450P for 4 hours in any hour period and 960P for 10 hours over a 48 hour period. Go to Robinsons and use for FREE. The login is: "Robinsonsmalls" or you can go to the GLOBE Internet shop and buy hours using their Globe wireless. You can buy a weekly Wireless card for 1680P and monthly for 3600P from http://wifi.hiwire.net.ph or by calling 6700-7777. Manila is pretty good with wireless far better than Thailand Hotels who have cheaper rates but lack wireless internet connections. Thai Hotels normally set up PCs at an hourly rate 30, 60 100baht an hour. Like anywhere they will all come on steam as demand for wireless increases. Bring you own adaptor but you can buy i many hardwares or 7/11 the adaptors. As the Philippines use a 2 pin plug similar to Thailand sometimes the wall sockets do not work over time as the connections stretch and when you plug in your get no power. If this is the case don't blame your laptop but to test just touch your transformer and if not hot then yes its the wall socket so change.
Philippines Embassy , Thailand
760 Sukhumvit Road, Corner Soi Philippines (Sukhumvit 30/1)
Prakhanong Bangkok 10110 Thailand
Phone: +66-2-259-0139 Airport Phone 8795261 or 8795262
Fax No.: 8154453 Sales Phone (Sales): 8176376/8182499
Email: email@example.com or firstname.lastname@example.org
Website URL: http://www.philembassy-bangkok.net
Travelers to the Philippines for business and tourism purposes are allowed to enter the Philippines without visas for a stay not exceeding twenty-one (21) days, provided they hold valid tickets for their return journey to port of origin or next port of destination
Royal Thai Embassy
107 Rada /Thailand Street, Legaspi Village, Makati City, Metro Manila
P.O. Box 1228. Makati Central Post Office, Makati 1252
Tel. (632) 815-4219-20, (632) 816-0696-7Consular : (632) 810-3833, (632) 817-4262
Information Section : (632) 815-4220 Fax. (632) 815-4221
E-mail : email@example.com
Website : http://www.thaiembassy.org/manila
Office Hours :Monday to Friday 09.30 hrs to 12.30 hrs and 13.30 hrs to 17.00 hrs
Visa and Consular section :
|KUWAIT AIRWAYS MANILA
G/F Jaka llBldg.
150 Legaspi St.Legaspi Village,
|EMIRATES AIRWAYS MANILA
18/F Pacific Star Bldg.,
Sen.Gil Puyat Ave.,
Corner Makati Ave.,
Tel. No. 00 (632) 811 52
|MALAYSIA AIRLINES MANILA
Unit B-C/25F, The World Centre
330 Sen.Gil Puyat Ave.,
Tel.No. 00 (632) 867 8766
Legazpi Street, Legaspi Village
Makati City Philippines 0750
Tel. No. 00(632) 818-0111
Tel. No. 00(632) 855-8888
|SINGAPORE AIRLINES MANILA
33/F LKG TOWER
6801 Ayala Avenue
Tel.No. 00 (632) 756 8888(R)
Tel.No. 00 (632) 756 8877(T)
Fax.No. 00 (632) 753 3350(R)
Fax.No. 00 (632) 753 3351(T)
|ASIANA AIRLINES MANILA
G/F, ILAC Bldg
Dela Rosa cor. Legaspi Streets
Tel. No. 00 (632) 892 5988
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