Q: What are the advantages of registering a Philippine company for e-commerce businesses?

Answer:

1. The Philippines has a large labor force, educated and knowledgeable in English. According to the latest statistics of the United Nations, the literacy rate of Filipino residents reached 97.75%, ranking first in Southeast Asian countries. English has a long history in the Philippines. Because of the good English language environment, many retirees from Western countries consider the Philippines as their first choice after retirement.
2. With a population of over 100 million, the market potential is huge. According to the data released by the World Bank, the population of the Philippines continues to rise, with a total population of more than 100 million. Private consumption accounts for nearly 70% of GDP.

3、Low labor cost. The average daily wage of Filipino workers is about 400-500 pesos (equivalent to 55-70 RMB). Many foreign companies use the Philippines as OEM to reduce the production cost of their products.

4. Enjoy the same treatment. Whether it is a sole proprietorship or a joint venture registered in the Philippines, the local preferential policies are the same. The local government will analyze the situation according to different investment sectors, product import and export, and company ownership. At the same time, the local government supports investment attraction and has a sound economic system that is conducive to foreign investment.
5. Preferential tax policies for local companies in the Philippines. Registration only requires filing tax returns when actually doing business, so there are fewer types of taxes and lower costs. It also saves labor costs if the company does not operate locally.