The Philippines is becoming increasingly attractive for Foreign Direct Investment, after the government relaxed some of the restrictions on overseas involvement with legislation such as the Foreign Investment Act and the Retail Trade Liberalisation Act.
In addition to robust manufacturing and healthy exports from the agricultural sector, the services sector is accelerating on the back of rapid growth in Business Process Outsourcing (BPO), E-Commerce and FinTech. The Philippines regional neighbours include mainland China, Taiwan, Hong Kong, Singapore and Japan and the island nation is in the prime strategic location for further expansion into the Far East and Pacific Rim.
Each new market brings new challenges, and these can be worked through efficiently and cost-effectively with the support of an international Professional Employer Organisation
(PEO) such as Bradford Jacobs, especially through our Employer of Record (EOR) framework.