The Philippines is a popular destination for Back Office Business Process Outsourcing (BPO). Back Offices are usually setup for data entry, accounting, bookkeeping, human resources, financial services, marketing, software development and anything that could be competently at a lower cost in the Philippines.
100% foreign ownership of back office operations is allowed in the Philippines. The business may be setup as a Branch Office or a Philippines Domestic Corporation. Both are required to register with the SEC before starting operations. Back office operations are considered an export business and therefore can be started with a lower paid-in capital than required by companies serving the domestic market.
The advantages of starting a back office in the Philippines are to expand quickly with lower manpower costs. And with a highly educated, trainable, English speaking workforce that is available in most of the country.
Many large foreign banks such as Citibank and JP Morgan have sizable back office operations in the Philippines and employ thousands of qualified employees.
We will examine what you intend to operate and advise you on the best way to start your company in the Philippines. Certain BPO operations are eligible for tax incentives from either the Board of Investments or PEZA. DBC will help you in setting up your back office operations in the Philippines, guide you through the red tape and make sure you obtain all the business permits you need to operate legally.
Contact DBC now for a free assessment of your outsourcing operations in the Philippines.