Things to Know Before Coming to the Philippines – Part 1

Part I: Climate and Clothing

The Philippines is geographically situated within the Pacific Ring of Fire, making it a tropical country with two official seasons – the dry and wet. Although outside can be hot and moist, most office and commercial spaces are climate-controlled so that they are comfortable to western standards.

Despite the tropical climate, business or business casual attire is common in Philippine offices. Men wear either a western-style shirt and slacks (jackets are occasional, ties are uncommon), or they wear a Philippine office barong, typically a linen embroidered dress-shirt that is worn untucked. Women wear western office attire but many prefer skirts, blouses, and dresses for comfort in the tropical heat.

5 Steps On How To Buy Commercial Real Estate

If you want to buy commercial properties, you need to have a good amount of expertise. You should know that having the right capital to buy a certain property is not enough to make you a good investment. You should be familiar with market conditions.

Buying a commercial real estate can be a good investment for your business, especially if you want to reduce costs by using it to your own operations rather than pay a lease to another party. However, before you buy commercial real estate, there are a number of factors to consider, ranging from the financial health of your own company to the viability of commercial real estate, you have in mind. It is important to understand that these types of investments are made ​​after careful consideration and analysis of the potential return on investment.

Tips To Sell Land To A Developer

So how will you be able to sell? You need to know the product or service that you will market, selling land requirements is not so simple as some may imagine, such as patience, a good set of hips, good technical knowledge and a certain amount of luck . A Realtor who seeks to professionalize and follow basic procedures will find surely big chances of effective business in real estate. The sale of land is not made ​​only by persuasion, but also with the use of rational arguments, a lot of technique and knowledge of data on the sector (number of feasibility internal rates of return, profit, value for general sales, among other). To list a few good reasons that will assist you, the real estate professional in selling, here are 10 important tips:

Establishment of ICT Department in the Philippines passed on third reading

A bill that plans to create the Department of Information and Communications Technology (DICT) has already passed on for third reading in the House of Representatives. The DICT bill or House Bill 4667 seeks to boost and improve the country’s IT facilities by being the agency tasked in developing and implementing IT policies and government programs.

Chairman of the House ICT Committee and Taguig 2nd District Representative Freddie R. Tiñga, said that the approval of the bill would also be the answer for the country’s need for an agency responsible for IT and communication facilities.

Philippines: The New Call Center Capital

According to an article published by The New York Times, The Philippines is now the “New Capital of Call Centers”, a position previously associated with India. This is due to the continuing growth of call centers in the Philippines, which was also labeled as the “revolution” that has “reshaped the call center business” in the world. According to the article, the Philippines call center demographic is mostly made up of young people who speak lightly accented English” and are very well oriented with the American culture.

An appeal to change PHL foreign ownership laws by CREBA

With regards to the foreign ownership laws by its neighboring Asian countries, the Philippines is lacking initiatives on amending its laws to respond to the current global trading.  According to The Chamber of Real Estate & Builders’ Associations, Inc. (CREBA), it is time for Philippine lawmakers to review the existing foreign ownership laws of the Philippines. For CREBA, they believe that allowing foreigners to own land in the Philippines will encourage foreign investors to put bigger and more substantial investments in the Philippines and attract the much-needed capital that will create a butterfly in the country. CREBA also stated that foreign investment will also promote additional opportunities for local businesses and employment and raise additional government revenues from taxes.

KMC MAG Group releases Real Estate Market Report Philippines for Q3 2011

Philippine real estate firm, KMC MAG Group has released its real estate market report Philippines or the real estate market research Manila for the Q3 of 2011.

The report contains summaries of the trends in commercial and residential real estate, as well as an office market overview in Metro Manila .

According to the report, the trend for the Q3 of 2011 are that rental rates of commercial spaces rose due to the increasing demand and low vacancy rates while the demand for residentials spaces surpassed the supply in the luxury residential market due to investments of the OFW and expat community. Also, the continuous construction of residential real estates has increased the overall vacancy rate in Metro Manila.

How to Register a Business in the Philippines

by: Austin Shi

If not done correctly from the outset, registering a business in the Philippines can be a complicated and tedious process. That is why it is important for foreign companies to be 100% compliant from the very beginning, and to familiarize themselves with the procedures in setting up and registering a business in the Philippines. In order to successfully incorporate a business in the Philippines, a number of things must first be taken into consideration. The appropriate investment vehicle must be chosen, whether it is a fully-foreign owned branch office, a fully-foreign owned domestic corporation, a fully-foreign owned representative office, or a 60/40 subsidiary, and the business must be registered with the relevant government agencies, including the Philippines Securities and Exchange Commission (SEC), the Department of Trade and Industry (DTI), the Bureau of Internal Revenue (BIR), as well as with investment bodies like PEZA and BOI.

by Yves De-Luis

In 2009, Bridgebury Realty Corp, an affiliate of the Zuellig Group, announced that it will be investing 7 billion Peso for the construction of the Zuellig Building.

The Zuellig Building, to be completed by Q1 2012, is located in the Makati Central Business District, at Makati Avenue corner Paseo de Roxas, on a lot area of 8,285 square meters. The 33 storey structure is a premium, commercial, single-owner office building, with 55,000 square meters up for lease to multi-tenants as well as lease of PEZA office space.

KMC Solutions Opens Serviced Offices in Fort Bonifacio

KMC Solutions, a sister company of Makati-based real estate brokerage firm, KMC MAG Group, recently opened a 1,050 square meter business center in Fort Bonifacio, Metro-Manila. This business center was specifically created to cater to the unique needs of Philippine companies looking to avail of seat rentals and serviced offices in major Metro-Manila business districts. KMC’s business center also targets foreign-based multinational companies setting up business operations in Fort Bonifacio, Taguig City. The office complex, located at the 20th floor of the Picadilly Star Building in 4th Avenue corner 27th street, Bonifacio Global City, boasts affordable rental rates and exclusive amenities, including Internet-enabled workstations, VOIP PBX for local and international calls, high-tech security systems, on-site technical support and complimentary beverages, among others.