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the ph economy at a glance
Overview of the PH Market
The Philippines is a developing country in the Southeast Asia region with a steadily growing economy that has managed to survive and even thrive despite a global pandemic and multiple worldwide and regional recessions. Its strong GDP growth and accommodating nature when it comes to business makes it a relatively safe and smart investment choice. Given its competitive rates and costs of doing business, it offers an enticing middle ground among investment choices in the region that’s easy to access.
Historically a strategic location among trading routes, the country continues that legacy today, acting not just as a hotspot for international shipping and travel, but a must-visit destination for commerce, culture, and tourism as well.
A CASE FOR PH INVESTMENTS
The Philippines:
A stable all-rounder
Persevering even through the COVID-19 pandemic and lockdown periods, the Philippines’ GDP growth rate is expected to climb back up and stay steady at 6.5%. This performance speaks of enticing investment opportunities; businesses who make a move early may easily get ahead of the competition.
GDP Per Capita
2022GDP Growth Rate
2021GDP Growth Rate
2022Foreign direct investment
in USD millions (2020)Note:
a. The 25% CIT is based on the recently passed CREATE Law. However, its Implementing Rules and Regulations are still yet to be finalized
b. CIT of 20% is applicable for micro, small and medium enterprises with net taxable income below below PHP 5 million and total assets below PHP 100 million
Source: World Bank Organization, Asian Development Bank, Deloitte, Asian Briefing, Philippine Statistics Authority, Centre for Strategic and Policy Studies (CSPS), Economist Intelligence Unit, International Monetary Fund, United Nations Conference on Trade and Development, PRIME Philippines Research & Advisory 2021
A top-notch labor force (24)
The Philippines offers international investors a smooth experience with their workforce thanks to the great amounts of young, English-speaking workers. Filled with the energy of youth and able to quickly complete training to fit global standards, they’re sure to fit any need.
Download Latest reportEnglish Proficiency Index
Labor force size (2021)
Median age
More reasons to invest
Investment Incentives
The Philippines offers fair and reasonable taxation rates comparable to the rest of the region. While the maximum percentage of foreign ownership is only 40%, the frequent tax holidays and tax rates after such holidays offer much potential for profit.
Corporate Income Tax
(CIT)Income Tax Holiday
(ITH)After ITH Rate
Foreign Ownership
Note:
a. The 25% CIT is based on the recently passed CREATE Law. However, its Implementing Rules and Regulations are still yet to be finalized
b. CIT of 20% is applicable for micro, small and medium enterprises with net taxable income below below PHP 5 million and total assets below PHP 100 million
Source: World Bank Organization, Asian Development Bank, Deloitte, Asian Briefing, Philippine Statistics Authority, Centre for Strategic and Policy Studies (CSPS), Economist Intelligence Unit, International Monetary Fund, United Nations Conference on Trade and Development, PRIME Philippines Research & Advisory 2021
Infrastructure Support
Strong Foundations for Our Partners
Since 2016, the Philippines has pushed forward with its “Build, Build, Build” program in a bid to facilitate new growth and business, as well as smooth transportation. Of note, 200+ airport projects, 400+ seaport projects, thousands of kilometers of roads and railways, and thousands of flood mitigation structures and bridges have been built, with many more to come. Current projects have also been passed to the Philippines’ current administration to further develop, with the infrastructure building program showing no signs of stopping.
Cost of Doing Business
Affordable and
competitive
The Philippines offers competitive rates compared to other countries in the SEA region regarding the overall average cost of setting up a business. This makes it a worthwhile place to consider setting up businesses in, especially due to all the continuous development.
Electricity
(KWH)Minimum Wage
/ monthAverage Industrial Land Price
/ sqmNote:
a. The 25% CIT is based on the recently passed CREATE Law. However, its Implementing Rules and Regulations are still yet to be finalized
b. CIT of 20% is applicable for micro, small and medium enterprises with net taxable income below below PHP 5 million and total assets below PHP 100 million
Source: World Bank Organization, Asian Development Bank, Deloitte, Asian Briefing, Philippine Statistics Authority, Centre for Strategic and Policy Studies (CSPS), Economist Intelligence Unit, International Monetary Fund, United Nations Conference on Trade and Development, PRIME Philippines Research & Advisory 2021
Globalized and highly adaptable
From all the modern conveniences and entertainment options in the metropolitan cities to gorgeous natural attractions, the Philippines has it all. The beaches in particular rank among the most popular vacation destinations in the world. (250 char max)
Due to its status as a former colony, its proximity to the surrounding nations, and its spread-out geography, the Philippines offers a unique blend of international influences while keeping true to the Filipino trademark trait of hospitality.
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- Newest to Oldest
- Oldest to Newest
- Alphabetical: Ascending
- Alphabetical: Descending
AEV 2020 Annual and Sustainability Report
Download pdfAEV 2019 Annual and Sustainability Report
Download pdfAEV 2018 Annual and Sustainability Report
Download pdfAEV 2017 Annual and Sustainability Report
Download pdfIncentives Portals
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PEZA
PEZA is tasked to promote investments, extend assistance, register, grant incentives to and facilitate the business operations of investors.
BOI
BOI assists Filipino and foreign investors to venture and thrive in vast areas of economic pursuits and acts as your one-stop shop in doing business in the Philippines.
CREATE Act
CREATE provides for a generous and flexible tax incentive system that is performance-based, time-bound, targeted, and transparent.
