I have two plans for carrying out small SME business in Philippines as a foreigner.
1. Export of goods purchased from local manufacturers
2. Agricultural farming
Which option shall I choose for each of the above businesses:
1.100% sole Propreitorship firm or
2. 60:40 corporation or
3. business in individual name with only barangay permit.
Structure for my business
anam06
15 November 2018 20:02:37
9
mikaelarhelger
17 November 2018 04:48:34
110
What products do people actually want from the Philippines they cannot get anywhere else much cheaper, better and faster? I wonder. Besides, you will eventually be cheated along the way. It is what it is: The Philippines.
As for agriculture business: You believe you can participate in any way in a local business? Best of luck with that. The 60/40 spells disaster right from the start!
anam06
17 November 2018 20:49:36
9
Mikaelarhelger, thanx for sharing your views.
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