Manila, known officially as the City of Manila, is the capital of the Philippines and located on the Luzon island. The city is one of the most populous ones in the world, and one of the wealthiest regions in Southeast Asia. It is the hub of the country’s economic, political, social, and cultural activity. It also acts as an international port and point of access to the Philippines.
The manufacturing industry in Manila comprises primarily textile production, publishing & printing, wood and fibre processing, food & beverage, tobacco and chemical processing. The Port of Manila makes the city a centre for trade and commerce in the Philippines. The headquarters of the Central Bank of the Philippines and the Philippine Stock Exchange are also located in Manila.
Benefits of Setting Up a Business in Manila
The city of Manila is growing at a tremendous rate, with its infrastructure expanding in proportion to its diversifying economy. It offers a plethora of opportunities for prospective business-seekers and overseas companies.
The Philippine government offers incentives, rewards and several other benefits to entrepreneurs and firms establishing a business in the city, making the business setup procedure very lucrative and hassle-free.
The Philippine Economic Zone Authority (PEZA) is a government agency aiding companies and entrepreneurs in getting their business established in the Philippines. Via this, businesses can benefit from tax exemptions, cost savings, and a host of other fiscal and non-fiscal incentives.
Majority of the populace in Manila is conversant in English as it is one of the two official languages recognized by the Philippine government and taught in school. So, a foreigner is not likely to encounter any linguistic barriers while setting up one’s business here.
Business Setup Worldwide provides the following services for company formation in Manila:
Business incorporation and registration
Accounting and bookkeeping
Corporate secretarial services
Intellectual property protection
Philippine tax advisory
Business Setup Worldwide is a platform to help you start your business in the city of Manila. We provide end-to-end business-oriented services from incorporation and licensing to intellectual property protection and tax compliance. Manila is the gateway to the Philippines, acting as its financial and cultural hub. You can choose to set up your company here for the geographical and economic advantages it provides. Our team of experienced advisors and consultants in Manila can help your business in making the best out of the geographic and corporate advantages that the city has to offer. We can help you out with the legal and business formalities of company registration in Manila, replete with the most appropriate income tax setup, to facilitate the growth of your company.