Itís Your Money > Real Estate Information

Condo for business?

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Mentalist:
Anyone here knows a condo developer that allows expat to buy a unit and turn it into a business, my uncle is planning to do this.

Lee2:

--- Quote from: Mentalist on May 29, 2017, 07:39:33 PM ---Anyone here knows a condo developer that allows expat to buy a unit and turn it into a business, my uncle is planning to do this.

--- End quote ---
I am guessing it will depend on the type of business, I will not ask you what type of business as it might make you violate the forum rules but a business which is internet based would work, one which requires foot traffic probably will not, some condos have storefronts on the first floor, that would be the place for businesses, not in the residential portion.

As for members answering this topic, please only full members should supply any links, as new members are not allowed to supply links to commercial establishments.

Mentalist:

--- Quote from: Lee on May 29, 2017, 09:18:18 PM ---I am guessing it will depend on the type of business, I will not ask you what type of business as it might make you violate the forum rules but a business which is internet based would work, one which requires foot traffic probably will not, some condos have storefronts on the first floor, that would be the place for businesses, not in the residential portion.

As for members answering this topic, please only full members should supply any links, as new members are not allowed to supply links to commercial establishments.

--- End quote ---

Hi Lee,

Thank you for your kind answer. Is there a special office too where expats can apply for business registration? And yes, the business will be an online job probably will have a max of 6 employees here as the rest of the job will operate remotely.

suzukig1:

--- Quote from: Mentalist on June 08, 2017, 12:19:06 PM ---Hi Lee,

Thank you for your kind answer. Is there a special office too where expats can apply for business registration? And yes, the business will be an online job probably will have a max of 6 employees here as the rest of the job will operate remotely.

--- End quote ---


My wife use to own a small restaurant with a friend.  In many cities in Metro Manila there is a "one stop shop" special office to take care of a lot of the things that need to be done.  (I don't know about outside of Metro Manila.)  The best place to start is the Department of Trade and Industry Office.  http://www.dti.gov.ph

Below is a list of some of the things that need to be done. 

1. SEC to register as a partnership or corporation.  (I think you will need a Filipino partner.)

2. DTI to register your company.

3. Barangay office to get some kind of clearance.

4. Local government office for a permit to run the business.

5. BIR for tax issues

6. SSS for employee stuff

7. PhilHealth for employee stuff

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