How Difficult Is It To Open a Business in The Philippines As A Foreigner?
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- Опубліковано 28 сер 2024
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Finally new idea of a vlog far from cost of living or relationship issues .. it would better if you constructed his answers with sequence of questions, so we would have an idea how he started, then the process in middle, and summe it up with his final steps to get his business running
I was always told to only invest in your home country. The laws for foreigners are always changing, especially if you are planning on buying real estate.
Theres no need to afraid or worry. Just trust the process.
one or two weeks to get the requirements is B.S. Just renting a building and processing the licenses and permits with the municipal unit will take longer than that. Then paying the rent requires registering with the BIR, withholding part of the rent to deposit in the bank, sending a monthly report to BIR and to the landlord, and quarterly and annual reports to the BIR and the landlord. Eventually the DOL and DEQ will find him and he will have dozens of additional licenses, permits, monthly, quarterly, and annual reports. Hiring an environmental officer willing to accept responsibility of hundreds of thousands of fines, tracking sewage, garbage, and water use, managing haz mat items and recycling and filing the monthly, quarterly, and annual reports is going to cost him dearly. Then when he shuts this business down he will discover he owes hundreds of thousands of pesos in fines and fees due to the reports and requirements he never knew he needed to handle.
Lol. I have everything, as well as everything that comes with the corporation who owns the resort. Pretty sure us, our lawyers, the multimillion dollar company we rent the buildings from, all know what we are doing.
@@CritterHunter
People talk jelly, lol
They not the critter hunter
@@CritterHunter Im very interested in setting up a biz in Cebu, How can i contact you i had a few questions. TY!
Thanks for stopping by, always good to see you guys!
Our pleasure!
I plan on getting some lessons from Justin in a few months after i get settled in.
Great video, congratulation on your new business. I will be there in a month or two I met both of you at ground zero coffee shop last September. Originally from Minnesota but moved to sunny Florida near Daytona Beach . I plan to make the Philippines my second home soon.
I suggest visit Davao City you can make business there and avoid ted tape
Hey there Gio & Justin! The Critter Republic seems to be all over UA-cam over the past few weeks. Good Luck with your dive school.
Thank you this was an excellent interview. I wish the gentleman good luck in this new business endeavor. A lot of great information. was shared. Thanks again.
Good for Justin. Following his dreams. No risk, no reward.
Awesome one kuya thanks fot sharing. I been there yesterday hehehhe
Good on him. It’s great to see people making a life for themselves there that aren’t of retirement age. Plus doing something they are passionate about. Just checked it out on maps 15kms south of Dumaguete.
It's even difficult for locals to open a business in the Philippines with all the paperwork. For foreigners, there will be more hurdles and they may need a local to help set up the business.
Gio.. so glad your vlogging Justin's new dive shop.. Your fans should consider using his dive shop.. Justin's experience and wealth of knowledge should give anyone interested in diving or snorkeling in Dawin. This is first class for sure . Maybe Gio and Maya could do fun day at Appo Island with all your fans.. Good idea Gio??😎😎😎
Great vlog; hope Critter Republic really gets a lot of business!
I wish the Critter Hunter all the best. It was quite challenging for me to establish an export only business in the PH and I bet It’s even more challenging to start a business that likely completes with local Filipino owned businesses. Will definitely roll down to his shop if I’m in his neck of the woods.
I thought of a small Coffee shop that serves breakfast Lunch and Dinner but it's too resstrictive, so I will simply retire and travel
Great that you are paying to develope the locals..so much talent in the Philippines 😊
Critter seems like a super nice guy. He needs to get his appetite for food under control before the heart attack comes.
Owen, the only "attack" coming was you with your insensitive & ignorant statement. Next time, before you post, take a moment and research or "back story" the individual and you might actually save yourself the embarrassment of writing something exampled above. If you make a snarky reply without doing what I suggest, then please, as a courtesy to Justin remove your post.
Great video , congratulations on your new business . I met both of you at Ground Zero Coffee shop. Originally from Minnesota but moved to sunny warm Florida near Daytona Beach. See you in a month or two I plan on making the Philippines my second home.
LOL, I really respect and understand what a young entrepreneur has to go through so young in life. I personally would never make it in the Philippines based on their Slave policies. It's so sad to watch how a country can beat up on people that are just trying to earn a respectable living in a legal way. Without being condescending, when you get older you tend to look back at your life's accomplishments and notice all the WASTED TIME you spent being a slave to the man. If anyone gave 2 cents towards you as a fellow human being you would notice how offensive it really is. There are so many places around the world where you can live your life without these so-called shackles. All the best to you and good luck!
Justin fan in the house😀
What a fantastic experience for boy scouts in the US to get to go to to Philippines for dive training. WOW.
I would never open a business in the Philippines, for the hours and headaches you dont make that much money. No need if u have sufficient income from your country, and i have heard horror stories from foreigners who have owned a business here.
Great interview - Best Wishes in your endeavor & success in your business (Critter Republic)
good job. nice to have a business like this
Love the Critter Hunter man! Great to see some collaboration!
How do Filipino laws/regulations affect a freelancer working online only for someone with a tourist visa?
Rich countries promote business and make it simple to get started, in the USA you can get a business license in one day and all your paper work done in a day or two
Interesting video - would be even more interesting to get into some of the specifics of what documentation was necessary. 1-2 weeks doesn’t seem too bad - takes longer to get a marriage license as you know.
Suggestion: decide on your brand … Republic or Hunter? 😀
Good luck with the venture and hope to see you both in GZ again next trip.
The bureaucracy in the Philippines is ridiculous, and they wonder why the phil’s is poor. It’s so frustrating …the corruption is rife too.
Training up local people is definitely the way to go.
There's a lot of red tape in the philippines that's why the ranking of the philippines for doing buisness is not very good. There was an attempt by the government to fix the red tape but nothing seems to have happened.
Better to make money in the US and spend it here. Retired and loving it. It was worth the wait.
That's a matter of opinion... I'd rather live like I'm retired at 30, than hate life another few decades so I can be happy at 65. Think I have regrets? I can go home any time I need to, if something happens. But it's been 12 years.
That's what "backpacking with banger" youtube channel does. He works 6 months in the U.S.A. and spends the other 6 months vacationing in the Philippines.
@@CritterHunter It sounds like you have no choice. When I was younger, I changed employers until I found one that appreciated and rewarded me. I spent 40 years doing what I loved. I'm now living in the Philippines with a beautiful traditional younger girlfriend. Loving life more than ever.
@@damncars2618 I have every choice. But if you could do what you're doing, 40 years earlier, you know you would too. Even if you " love" your job, it's still a job. You love it as far as jobs go, not something you'd go do for fun if not paid. I do. I made my hobbies a career. I don't work for someone and make them rich, waiting to retire.
@@mylifethaidiy7045 that's half his life....
Great vid
Thanks for sharing your lifeand business with us.
😊
Brave young man!!!!!
I'll have to visit this guy someday for some diving.
In 1985 i lived on a boat on apo reef 8 days the guys name was manny his business was stationed on that boat had the time of my life cost 1300 php for 8 days in food and drinks .approx. 120 Australian dollars .
That's apo reef, not apo island. Different location
But there's all those bars, restaurants and clubs in Thailand that are owned by foreigners from the UK, Australia, New Zealand etc., I wonder how they do it? Company set-up no doubt. Thought it was the same as this in the Philippines, but I guess not.
Are there many foreign owned pubs, restaurants etc., in the Philippines?
they don't own them, they run them through filipinos
Do you know anything about the cost of car insurance in the Philippines compared to the US?
Well, it can be pricey. Liability is normal but not full coverage.
Let’s say I stay more than 59 days in the Philippines how much and when do I pay for the next 30 days?
The 59 days hasn't gone into effect yet. It's still currently 30 . You go to the bureau of immigration to extend your visa.
I forgot to say I would be extending it less than 15 days over the 59
Ok Tnx
Even local too its hard to open business
Working is cool,however retirement is cooler..Onward on the Journey.
Not when you're 37 like me. Then it's just called unemployment
Congrats to critter hunter for getting his business going there in Phil’s hats off to you too Gio this will help his exposure too great video👍
Thanks 👍
Bravooooooo
Nice to hear Justins story but that’s what it was is his story rather than giving any solid or detailed information on opening a business in the Philippines. Perhaps the title of the video should be different
What exactly do you want to know? I can only tell my experience right?
@@CritterHunter of course bro and you did. It’s just the title of the video I expected to learn a bit about starting a business in the Philippines but it was more about your story. I enjoyed the video
"The American dream is 1,000x harder then here" The American dream was coined in 1820 when it was explain the dream to come to the new world was the ability to work as hard as possible to the point that your children's children would get to live a life you could never have had. Life is tough in America now compared to 20 years ago because we stop holding ourselves accountable.
I wish this guy luck in everything, maybe ill take lessons for him, but the reality is if life was tough for him in the states where he had to leave to be successful, he never worked as hard as he needed for the success he wanted.
Life wasn't hard in US for me, quite the opposit. I didn't come to philippines to make it easier lol. I came because the marine biology of SEasia is 1000x more diverse. What I do Is find what makes me happy, then figure out how to make it sustainable. No one works harder than I do. 7 days a week, from can see to can't see.
You can make a lot more$$$ in the USA than here... Better to work in the USA or own a business there then in the Phil...
@@DManGrandMaybe he's happier here than in the tattered sh*thole that is the USA now. If his business was in the USA it would be looted and burned to the ground.
@@DManGrand in your mind it's better to stay at home, unhappy, working to make someone else rich, for another 30 year before you're safe and ready to move to philippines? I'm the opposit. I do not trade freedom for security. I find what makes me happy, then figure out how to make it sustainable
@@CritterHunterIm in Las Vegas i have been trying to setup a biz here for 4yrs, Between the expensive commercial rent and the bureaucracy its ridiculous. At one point i had a retail spot and paid rent for 3x mo at 3500k while waiting for the health inspection, It was reschedule and pushed back 4 more months so we had to end the lease, Luckily it was month to month; All that just to get a fkn paper that says you are good to open.
Is the dive shop....PADI, NAUI or SSI?
SdI
@@CritterHunter Haven't heard of that one.
All of the above, I have instructor trainer from each, and we are a sdi tdi facility
It's a business in Ph that caters to 99% foreigners, most Filipinos don't have the cash to patronise those type of activities.
That's the benefit
Good to see Justin and his partner's business thriving!
Thanks man
You really can’t open a business. You either need to be a large company and your max ownership is like 49% so the company will be controlled by Filipinos. You can marry a Filipina the easiest way but if things between you and her go bad it’s not your business it’s hers and it doesn’t matter you funded it or not. The business is in her name not yours. Not recommend for Newlywed expats. Anyway I hope the dive shop does well. Great vlog.
We aren't newly weds, unless 7 years is new. If you don't trust your spouse, why get married at all?
@@CritterHunter First of all I wasn’t saying you shouldn’t have opened a business in her name. I’m just speaking mainly to those who might be considering opening a business and not all those guys are going to wait seven years of marriage before doing so. Some already got the blue prints drawn up and are planning on marrying their WhatsApp Honey so they can do so. Just because you used your head doesn’t mean they all do. Desperate guys do desperate things. So many women in the Philippines but for some damn reason they lay it all on the first girl that calls them handsome in the last thirty years or so and it’s either work or the end of the world for them. Doesn’t need to be that way.
i bet he is charging usa prices but paying philipine wages
I wish. But kudos on your negativity
Great video. See you at Ground Zero soon.
It's too complicated for residents compared to foreigners 😂Trust me they do all for them but less action for national residents' application. When you apply for your tourism project there are a lot of things you need to process with the DENR, ECC, LGU, PEMAPS, EMP, IEE, Water District, and many more. And each of them has a bunch of papers you need to do like seriously you are as good as compiling a novel!!! Foreigners are soooo much lucky Philippine employees are focused on them 😂 I don't have a problem with that nor begrudge anything lol😂 Foreigners are always welcome. But seriously fellow government Filipino employees? Uh no I want to address the research and development department of the government and the government as a whole who are responsible in making these policies and terms and conditions and so many papers which I don't even know if you yourselves are also following 😂 highly doubt it. Please just make the application process only few papers not vol 1 vol 2 vol 3 books. Besides we are the ones paying the tax. I don't like to say it but there you go, yeah we pay taxes so don't make it too much a responsibility in applying. Paying tax is enough, you help us with all documents not us helping you with all documents and then pay tax. Because if we help you with the documents then pay US the tax! 😂 For yow all experts and wanna be experts out there who are itching to reply and say something negative well don't bother cause I know what's on your mind, like "have you heard of tax return?" Or, "if you know what's on our mind much as with the government then you should know what to submit and all in your application and not rant all the way to youtube or Tulfo." Just say I agree, you know it helps with my frustrations. Thank you.
Do Filipinos who own a house and or land pay any property taxes?
i just seen recently a russian man get mauled during day in Egypt by a shark lol and in different parts of the world Orcas are attacking boats for no reason known. With all that man happening it would be tuff to talk me into diving lol o though i want to i feel like that will be my greatest fear
Yikes 😳
Why would they make so hard to start a buisness there, that's probably why there a poor country, to make it hard for people to do buisness foreign or citizens is not good for the economy
Can I get a furnished condo on the beach with a $7/day Filipino job?
no
so boring............
Critter!
Hike!
Western countries especially the USA are imperialists and hegemonic. If poorer nations don't agree with their policies they destroy those nations using trade wars, embargoes, and sanctions . Their policies make them dominate the global trade so it is just proper that their citizens are not given preference in small and medium-sized businesses in the Philippines and other poor nations. Since their nations are globally dominant, it is expected that they are capable of opening up large-scale manufacturing plants that give employment to thousands of people. They should start businesses that can compete with local billionaires and oligarchs and not the businesses that will just compete with lower-class and middle-class Filipinos. If they insist that they are given equal opportunities in small and medium-scale businesses, that is too much of entitlement.
60 feet underwater and running out of oxygen: "Sorry sir, out of stock!" 🥽
😂😂
Great vid