Starting A Business in the Philippines

Starting a Business in the Philippines

Starting a Business in the Philippines

College graduates in the Philippines often take jobs as department store clerks. Many high school and college graduates seek employment as Overseas Foreign Workers (OFWs).

For many high school graduates and college graduates a good option is to start a business of their own. Even if you are not a graduate you can succeed in business if you gain the knowledge needed and plan to persevere.

There are many franchise opportunities. Some examples are Buko Juice and ice cream stands and stalls in grocery stores and malls. Be careful of franchise agreements; have them reviewed by a business attorney.

In the Philippines many homeowners operate small stores street side at their residences. These are called Sari Sari stores.

Foreigners are not permitted to own 100% of a business in the Philippines, they are limited to owning 40% of  the business. The other 60% must be Filipino owned.

Consult with an attorney in the Philippines about going into business.

Some of the best businesses to open might be:

Food Carts
Lunch Spot near a soon to open new school
Lugawan
Internet Cafe
Spa
Salon

And here is a New Idea.

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See an article about the Economy of the Philippines.

Avoid making mistakes when starting a business!

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This article will be expanded upon. Please check back for more information about starting a business in the Philippines. This page last updated April 27, 2022.