Expat planning a new business

prof2022 · 2025-07-04T07:21:11+02:00

Discover essential tips and common pitfalls for expats starting a business in the Philippines, from paperwork to approvals.

prof2022 New member

Member since Today 05:17:05

prof2022New memberToday 05:21:11

Im just working through the acres of paperwork and approvals needed to start a business here. Are there any members here who can point out any problems they have had?

TIA

Lotus Eater ViP

Member since 26 June 2012

Lotus EaterViPToday 08:35:24

1793

Im just working through the acres of paperwork and approvals needed to start a business here. Are there any members here who can point out any problems they have had?
TIA - @prof2022

They come and go on this Forum like yourself Prof. Most ended up bankrupt.

Andy_1963 Contributor

Member since 22 January 2023

Andy_1963ContributorToday 09:52:31

146

@prof2022

Hi,

it depends what kind of business do you want to set up. For a citizen of the Philippines it is easier than for a foreigner.

Did you make a business plan? Did you make a marketing analysis? Is the product/service you want to sell needed at the location where you want to sell it?

Many people bought condo units here in Boracay and now there is a low demand for condo units. So, they abandoned the condo units or the bank took the unit. A classic example of a failed business.

A strong business plan is a must in the Philippines - all other things/permits can be done.

bye

Andy

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Lotus Eater ViP

Member since 26 June 2012

Lotus EaterViPToday 09:58:07

1793

@Andy_1963

鈥淒id you make a business plan? Did you make a marketing analysis? Is the product/service you want to sell needed at the location where you want to sell it?鈥�

Have you visited the country?馃檮