There is an allure in setting up a business in the Philippines, as there are a number of positive reasons to do so. The Philippines is known as one of the fastest growing economies of Association of Southeast Asian Nations (ASEAN). Located at the heart of Asia, the Philippines is home to many natural resources and premier destinations. It is of no surprise that the Philippines is continuously praised as one of the top countries investors choose to start their ventures.
When preparing your business plan, location is of utmost importance, as it will boost your sales and more efficiently facilitate your aim. Here are the top cities in the Philippines to launch your new business.
Tagged as the “Wall Street of the Philippines”, Makati City is the home to a number of corporate buildings and offices, making it known as the business capital of the Philippines.
Makati Central Business District (CBD) is the premier financial hub, which houses many big businesses and renowned multinational companies. It is complemented by shopping malls, local bazaars, upscale residential condominiums, exclusive villages, open green parks, and architectural features.
Having a prestigious address will most definitely encourage global credibility.
Fondly called as the “City of Stars”, Quezon City is on par with Makati CBD in offering an ideal location for businessmen who want to engage in retail and wholesale business. This city has one of the most dynamic metropolitan areas, stretching to three major MRT stations: from Kamuning, Quezon Avenue to North Edsa Station; and in the main exchange of MRT 7, LRT1 and LRT2, where schools, business centers, and residential establishments boom. The area offers a wide variety of convenience and opportunities.
Most importantly, the local government implements policies to provide a healthy business environment for entrepreneurs and investors. One of which is the one-stop shop launched by the local government, where business owners can process their business registrations online without having to engage in long lines and hassle transactions.
A central business district located within the joint major cities of Makati and Quezon City, this business district is at the center of Metro Manila. The city is easily accessible through various thoroughfares, such as C5 Road and EDSA.
This city is home to some of the top local and international brands, such as San Miguel Corporation, Jollibee Foods Corporation, and Meralco.
It is a booming area for Information Technology (IT) and Business Process Outsourcing (BPO) companies.
BGC in Taguig continues to evolve as a business district occupied by commercial establishments, corporate headquarters, and prime residential communities. It also includes bars and clubs, educational institutions, high-end malls, hotels, recreational facilities, and a premiere hospital.
Many multinational telecommunication companies, Business Process Outsourcing (BPO), news outlets, Information Technology (IT) firms, and commercial enterprises reside in BGC. This is also home to Singapore, Great Britain, Qatar, and the Republic of Kazakhstan embassies.
Known as the “New Capital for Business”, it is one of the fastest growing central business districts in the Philippines, expanding to its nearby locations within Taguig, such as Bonifacio Global City and West McKinley to name a few, making it a premier location for business owners wanting to start up similar businesses.
Known as the “Gateway to the Philippines”, Pasay City houses Manila’s International airport. This highly urbanized city expanded its retail complex and holds luxury businesses such as retail shopping brands and hotels.
This city is also known for its entertainment capital, where concerts, exhibitions and gaming can be found and experienced.
Pasay City also has the best local government unit support where procedures are being implemented to lessen the burden and hassle of registering businesses, offering tax incentives and implementation of security measures in the area are prioritized.
The mixture of modern living and nature is found in Filinvest Corporate City that offers a leisurely business-oriented development with residential, business, educational, medical and leisure purposes.
The PEZA Zone at Northgate Cyberzone is highly suitable for Business Process Outsourcing (BPO) companies with major telecommunications providers as support networks.
There is also public and private transport accessible to major roads such as SLEX, Skyway, Alabang-Zapote Road, Old National Highway, and Daang-hari.
Recognized as the “Industrial Port City of CALABARZON”, Batangas City is one of the fastest growing urban cities in the Philippines with its various establishments, such as hotels, resorts, restaurants with sports and recreational activities. The city’s locational advantage, given its proximity to Metro Manila and nearby major regional and provincial cities, is harnessed by a keen emphasis on infrastructure. It connects to the South Luzon Expressway (SLEX) and the Southern Tagalog Arterial Road (STAR), enabling easy access to the nation’s capital and the rest of CALABARZON.
It also attracts local and foreign investments through its business-friendly governance. In 2010, Batangas City was recognized by the Asian Institute of Management (AIM) Policy Center, United States Agency for International Development (USAID), and the German Technical Cooperation Agency (GTZ) as the most honest and transparent city in its dealings, as well as the most supportive city to micro, small and medium enterprises.
Batangas offers rich agricultural resources, providing the people a wide array of crops, such as yellow corn, eggplants, and cassava. The city is also blessed with diverse marine resources with an emerging ecotourism destination market. Batangas City is truly known for its tourism potential.
Becoming the “Green City of the Philippines”, Pampanga is home to the Clark International Airport, located at the Clark Freeport Zone. The city has one of the biggest land areas in the country. One of the key infrastructures of Pampanga is its accessibility to Metro Manila reaching the North Luzon Expressway, Subic-Clark-Tarlac Expressway, MacArthur Highway and Jose Abad Santos Avenue, which traverses through the province’s nineteen towns and three cities.
This city houses industries including wholesale and retail trade, motor vehicle repair, manufacturing, accommodation and food service, and other service activities. The city also shows potential for real estate development and recreational activities.
Tagged as the “Queen City of the South”, Cebu City is known as one of the top tourist destinations for local travelers and foreigners. It is also known as the preferred business location in the southern region of the Philippines to set up businesses, commercial, residential communities, shopping, recreation, and sports.
It is the largest PEZA-accredited IT Park in the entire Philippines, making it the home for several international business process outsourcing (BPO) offices in the region.
Cebu City also offers accessible roads and thoroughfares, as well as trading and lower operating costs.
Tagged as the “Singapore of the Philippines”, Davao City is hailed as one of the safest and most disciplined cities of the Philippines, where there are low crime rates and public service efficiency imposing policies and ordinances that prioritizes the safety of their citizens.
The city is rich in natural resources, boasting of its agriculture, mining, tourism, fisheries, and palm oil industries, making the City one of the go-to locations for business owners who want to venture into these types of industries. This city is also known for its convenient and accessible trading system and transportation.
There are also world-class establishments and service facilities, which includes the Davao International Airport and Central Bank of the Philippines to name a few. It accommodates corporate centers, condominium towers, and hotels.
Knowing your market, with its culture, locality and lifestyle will help you build your business a success in the country. If you are planning to start your own business venture today, you may contact us at [email protected] or+63.917.892.2337 for more information to help ease you through the process and protocols of today.