Philippines Country Information flag

Philippines Country Profile


The Philippines is a fast growing and strategically located country. A large population with low labor costs and strong English language skills makes the country suitable for business process outsourcing, but poor transportation infrastructure and institutional obstacles create challenges. **Good choice for many business sectors**

(+) Consistent economic growth over last decade
(+) Low household debt
(+) Large, English speaking labor population
(+) Strategic location

(-) Government bureaucracy makes business slow and cumbersome, but slowly improving
(-) Transportation infrastructure is inadequate
(-) High remittance taxes & complex ownership laws


– OECD recognized top growth country in ASEAN 5; 6%+ average GDP growth over last 10 years
– Top 20 country in English language capability with a large working age population and low labor costs
– ‘Build, build, build’ initiative promises to reshape the infrastructure gaps in Philippines, but it is moving slowly in actual development

“The Philippines is one of the fastest growing economies in the world with its strategic location and robust socioeconomic projects. There is also an abundance of foreign investment opportunities in various industries. industries.”

Country Facts:


108 million with a 72.8 million working age population


$377 billion USD, 6.0% growth (3rd largest economy in SE Asia)

GNI per capita:

$3,850 USD, 2.48% Inflation, lower middle-income country


Services (business process outsourcing, tourism); manufacturing (pharmaceuticals, mining/minerals, shipbuilding), agriculture (processed fruits and vegetables)


Growing tourism sector (11%) – #8th favorite country in the world (CNT ranking)




72 M

$2.1K USD


39% NYC Prices

No Data Found

Ease of Doing Business

Corruption Perceptions Index

Human Capital Index

Working Age Population

Household Expenditure Per Capita

English Language Capabilities

Cost of Living Plus Rent Index




72 M

$2.1K USD


39% NYC Prices

No Data Found


Per capita expenditure:

$2,100 USD

Internet penetration:

67% (Southeast Asia 63%)

Shop online:


Mobile ownership:


Primary messaging:

Facebook Messenger

Primary website:


Average Labor:

No Data Found


No Data Found

Opening a Business:

Relevant Laws:

RA 11232 , Revised Corporation Code, 2019

Time to Incorporate:

35+ days to incorporate, 6-9 months for all additional tasks

Fees to Incorporate:

Dependent on type of incorporation ($200-$50000 USD)

Paid in Capital:

Between $100 and $200,000 USD depending on industry and amount of local equity (more than 40% foreign ownership raises costs and reduces investment options)

Remittance Taxes:

Corporation dependent (15% for a branch corporation to transfer to head office)


100% foreign ownership is possible but exceeding 40% has costs; Foreign Investment Negative List restricts percentage of ownership for some industries


RA11232 has made it easier for foreigners to invest in the Philippines; government reform is present, but slow in terms of adoption

BBA Services:

BBA retains several staff members in Philippines to include an attorney skilled in market entry procedures. BBA can assist SMEs in most sectors and find trusted local partners, among other local services.