Starting a business anywhere and at any time can be a challenge. However, that challenge increases when you are opening a business in another country.
With their dynamic consumer market and intelligent workforce, setting up your business in the Philippines can be a great idea. However, it’s not quite as simple as it might be when doing the same thing in America.
Fortunately, you have Jumpstarters Manila to help you through the process. Why, though, would you choose to outsource your business setup? The following are just a few reasons.
Properly setting up your business in another country means knowing the licenses and permits you need as well as the registration rules you need to follow. Determining these things for an American business can be challenging enough. Figuring out what you need in another country – especially if you’re unfamiliar with doing business in that country – can prove near impossible. The good news is that you don’t have to do this alone, though, as Jumpstarters Manila is familiar with how to properly set up businesses in the Philippines.
Payroll and Accounting
Setup is not the only time you need to be familiar with a country’s rules and regulations. Payroll and accounting are equally important in this area. You need to be sure that your employees are paid correctly and on time. You also need to ensure any taxes you owe are paid.
If you live in America and operate a business in the Philippines, you have to ensure that you are following any tax requirements in both countries – and this can get a bit confusing. Jumpstarters Manila can effectively help you simplify your payroll, accounting, and tax management processes.
Hiring employees for your company can be difficult when you’re not there all of the time. However, having great employees is essential to your business's success. When you partner with a company like Jumpstarters Manila, you can be confident that employees' roles are being filled and overseen with the greatest of care. This will help you rest easily, knowing that your company is in good hands when you can’t be there.
Setting up a company in the Philippines can be a very wise and rewarding decision, but you have to be prepared for the challenges that come with it. If you’re considering this move and would like to know more about how the Jumpstarters Manila team can help, book your free consultation today.