BUSINESS ENTERPRISE TYPES


There are several types of business enterprises an investor can choose from in establishing operations in the Philippines.

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SETTING UP



FOREIGN INVESTMENT ACT


Republic Act 7042 as amended by RA 8179, also known as the Foreign Investments Act of 1991, is the basic law that governs foreign investments in the Philippines. It is considered a landmark legislation because it liberalized the entry of foreign investments into the country.

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INCENTIVES TO INVESTORS


The BOI, an agency under the Department ofTrade and Industry, is the lead investments promotion agency of the country. As such, it is at the forefront of government‚ as efforts to attract direct investments into the country to contribute to economic growth and jobs creation, to help uplift the general economic welfare of the Filipinos.

The agency is designed to promote inward investments and assist local and foreign investors in their venture of the desirable areas of business, defined in the annually-prepared Investment Priorities Plan (IPP).

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COST OF DOING BUSINESS



OTHER SERVICES


PRE-INVESTMENT ASSISTANCE

The BOI-Counseling and Business Requirements Division (CBRD) helps attract and convince investors that the “Philippines is the Investment Destination of Choice” by providing investment facilitation, counseling and information on How To Do Business in the Philippines.





POST-INVESTMENT ASSISTANCE

Handholding assistance provided by the BOI Aftercare Service Team for registered business entities in the Philippines. It includes timely advise on investment related matters; compliance with BOI terms and conditions and follow through on other government transactions. The Team will coordinate with the 28 member agencies of the Investment Promotion Unit Network (IPUNet) to facilitate issues and concerns related to company operations.





INBOUND VISIT

Handholding visits of individual companies or business delegations from different countries to fully explore investment opportunities and ensure a productive stay in the Philippines. Assistance includes preparation of program/itinerary for the delegation, investment briefing, networking/business matching, site visits and other administrative arrangements.





SUPPLIER REQUEST

A request for assistance by business entities looking for a locally produce products or equipment. Through our partner, we will provide you the list of locally produce products or equipments.





JOINT VENTURE

Joint Venture is described as “a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity.”

View the BOI PROJECT LIST




BUSINESS TERMINATION

For details of termination for Sole Proprietorship or dissolution of partnership/corporation GO HERE.





INDUSTRY PROFILES

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