If you have been to the Philippines and feel in love with the country like many others, a permanent move might have crossed your mind. The Philippines is not only a paradise because of the gorgeous beaches, first-class diving, volcanos, wildlife, islands, and surfing but for many other reasons too. In this matter in terms of business.
Some foreigners take the leap, sell all their stuff, and venture to the Philippines with the idea of never leaving again. Living in the Philippines is quite cheap and with over 7500 islands, there are many places to explore and maybe even live. You might be waiting for some good luck after checking the nfl odds and placing a bet, but you could also consider other financial ways to live out your dream in this picturesque beauty of a country.
Figure out what business you want to run
The first step is the same for most entrepreneurs. Figuring out what you want to do in your new business. In this matter, you need to figure out what, how, and why it’s relevant to base in the Philippines specifically. Some people open call centers there, others buy hotels or hostels and run those.
Exporting businesses may also be an option in terms of starting your own business there. No matter what, it will still cost you some money to start a business, even though it’s in another country. So if you checked the nfl lines, and didn’t win on your bet, you will still need to find some funding.
Where do you want to live in the Philippines?
Expats in the Philippines live in different parts, depending on their preferences and their purposes/professions there. Some places in the Philippines are more rural than others, while others are bustling and more multicultural.
Many entrepreneurs are running businesses in the capital of Manila. Manila has everything you need for a large city, but it’s not for everyone. The population of the city is about 14 million people. Some foreigners settled down in Cebu City, which is based on an island with the same name. In Cebu.
It all depends on what kind of business you’re thinking about starting and what logistically and financially makes the most sense. If you’re dreaming about living life on a bounty island beach, maybe starting a hotel or guesthouse is more relevant. Some of the islands worth considering are Bohol, Pamilacan Island, and Palawan.
What else do you need to know?
While the living cost is very fair, you do need to be aware of some things. Like the healthcare system. Make sure you have really good insurance with high coverage in terms of you getting sick or needing medical help.
Be aware that the climate is very hot and humid, which is not for everyone. The country does experience some crazy weather during the year, both in terms of Typhoons and heavy rainfalls. The climate is not for the faint-hearted and you need to be aware of this.s
In the Philippines, many people do speak English, but you will get by way better if you do get to learn a bit of Tagalog.
The food is different from what you might know from your residing country, but it is super tasty. Adobo and kare-kare are both dishes you must try.
Make sure you know the rules and follow them
Before you get too excited, you do need to make sure you read about everything from starting a business in the Philippines, requirements, and eligibility. It’s not just something you do in a short amount of time.
You need to make sure you know the laws and rules in terms of starting a business. You will find lots more information online, which is necessary to read carefully for a full understanding. There are a lot of things that might differ from the country you’re currently living in.
In terms of rules, laws, and etiquette it’s very important to understand these in general for the Philippines. Make sure you do your research before going, so you respect all of these.
Visas and entry requirements
When visiting the Philippines, you also need to make sure you’re meeting the entry requirements or have the right visa. These requirements may differ depending on what country you’re from and how long your stay is. This as well is always your responsibility to be aware of and follow through with before arriving in the Philippines.
Get more information
If you want to know more about living and residing in the Philippines as a foreigner, you might be able to find networks or groups online. These are great for all sorts of questions, asked and answered by expats living there or knowing a lot about it.
