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Investment Promotion [Investment Relations Office - Central Bank of the Philippines - www.iro.bsp.gov.ph] Foreigners will find it worth their while to invest in the Philippines. 100 per cent foreign-equity participation is allowed; foreign exchange policies are market oriented; the capital markets and banking system are strong and stable; and the government is committed to free trade. The country has a productive, highly trainable, English proficient and cost competitive human resource pool. Based on the Global New E-Economy Index, the Philippines is number one worldwide in the availability of knowledge-based jobs and workers. Various investment incentives are available to foreigners planning to do business in the Philippines. For example, the government can offer such incentives as income tax holidays, special tax rate, tax and duty exemption on imported capital equipment, deductions for training expenses, and permanent resident status for foreign investors and immediate family. Because of its strategic geographic location, the Philippines is the logical gateway to the 500 million strong ASEAN market. It is accessible by air within four hours from any Asian capital. From Taipei, it is a mere 1 hour and 45 minutes away. Being the closest of neighbours, it's but logical that Taiwan and the Philippines have established close economic ties through the years. Taiwan early on responded positively to efforts of the Philippines to bring in foreign investments. Taiwan's support for the development of the former American naval base in Subic encouraged Taiwanese investors to establish their businesses inside the Subic Freeport. Over the years Taiwanese investors have brought into the Philippines over US$ 1 billion in direct foreign investments. |
| Below are some of the Taiwanese companies which have brought successful operations in the Philippines: |
Prospects are bright for foreign investments in the Philippines. The country's sustained and active efforts to make the Philippines a destination of choice for investors are paying off. In the particular case of its closest neighbor, the Philippines investor-friendly environment combined with Taiwan's "Go South" policy bodes well for further significant growth of Taiwanese investments in the Philippines. |
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If you wish to learn more about investing in the Philippines you may vVisit the Investment Relations Office - Central Bank of the Philippines
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