Starting a business in the Philippines? This week's infographic provides a quick rundown of the expenses involved in running a business in a serviced office in the Philippines. From the cost of renting a serviced office space space and employee wages down to the cost of taxes and employee benefits, we have covered some of the expenditures that you should expect in a startup or small-scale office.
- Filipino employees with college degrees have very affordable wages averaging at $2 to $7 per hour (depending on skills and work experience). (Minimum wage in New York or California is already at $9 to $10 per hour while Paris is at $12.81, UK at $9.83, and Australia is at $15.36.)
- With a Philippine Economic Zone Authority accreditation, you can enjoy great savings on taxes. (4 to 6 years income tax holiday, tax-free importation of parts and equipment).
- Leasing a serviced office in the Philippines is a smarter option because it is often located in PEZA-accredited areas and third-party providers like KMC Solutions make doing business in the country easier.
- At $100,000, you can already run a call center with 10 employees for a year in a reputable and professional office location.
KMC Solutions can help you maximize the potential of outsourcing or offshoring in the Philippines. For more information on getting a PEZA accreditation, setting up shop in the country's major CBDs, concerns about finding an office space for rent in Cebu, Makati, BGC or Ortigas and doing business and investments, contact us today!
CLICK ON THE PHOTO TO VIEW THE FULL INFOGRAPHIC