Coworking has transitioned from an eccentric office space alternative for hipsters and freelancers to an attractive business solution for companies of all sizes. The appeal is flexibility. Companies, whether start-ups or more established businesses, can scale easily and less expensively through shared office facilities in prime business locations with flexible lease arrangements that include event spaces, networking opportunities, and programs designed to encourage mentorship, collaboration, community, employee wellness, and entrepreneurship.
Retirement is a phase that all people eventually face. An ideal retirement is when retirees achieve financial independence despite leaving their source of income. To achieve this, some retirees opt to become either entrepreneurs or place their retirement funds in some lucrative investment in some idyllic retirement haven.
Following in the footsteps of global tech hubs Singapore and Hong Kong, the Philippines is slowly fostering a tech startup ecosystem to facilitate the market-entry and participation of new entrants to its economic marketplace. The obvious advantages of a huge consumer base, high mobile penetration, and enormous potential for digitization in untapped resources – along with a large, English-speaking population and cost-effective technical, marketing, and back-office support – make the country an ideal test market for startup companies looking to develop their business models in an economy with a digital infrastructure that is still in its infancy.
The Filipino workforce is among the most compelling advantages that the Philippines has over any other Asian country. With higher education priority, the literacy rate in the country is 96.6% – among the highest.
Registration of foreign/non-resident investments with the Bangko Sentral ng Pilipinas (BSP or Central Bank of the Philippines) is not mandatory. However, it is required when foreign exchange (FX) used to fund repatriation of the capital or remittance of dividends/profits is purchased from the Philippine banking system.
As the Philippine BPO Industry expands, foreign investors continue to inject capital and resources into the economy, resulting in job creation for the local work force. A key to this unprecedented growth is the recently developed SVEG, short for Special Visa for Employment Generation, a non-immigrant visa which is enabling foreigners to create business opportunities in the Philippine market.
The Fort is proving its worth as a pot of gold for the local real estate market. As business prospers in the area, luxury residences and office buildings are rising up from the fields and empty lots.