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Any advice on starting a business in the Philippines?

I wanted to get some info on starting a business in the Philippines. Some relative of mine keeps telling me to start up a "Job Recruiter" business. However, I do notice that a lot of OFW's are coming back to the Philippines and there might not be as many jobs overseas as in the past. Also, I wanted to know what would I need to know in order to start that type of business. Would I have to know people outside of the country in order to do business? Also, are there any pitfalls to this type of business?

Asked By: flipperr - 3/2/2009
Best Answer - Chosen by Asker
Job recruitment business may either be for local or overseas placement. I assume you are referring to overseas recruitment agency. Paid up capital is at 2 Million pesos, minimum. There is a brochure from Department of Trade and Industry which will guide you on how to set up this business... More
Answered By: ynsy_spyder - 3/4/2009
Additional Answers (3)
don't lose money
Answered By: Qaz O - 3/2/2009
 
i think lending business or opening a carenderia would be a nice start of opening a business in the Philippine
Answered By: bicbic,noel - 3/2/2009
 
I''m own a buy and sell business and from what I know you must have the knowledge regarding the business that you're going to put up. If you don't have the proper knowledge of the business then it's like putting your own life at risk. You must avoid this by attending some business seminars and from there you can meet... More
Answered By: ∞æ§V§æ∞ vandalhartz ஜ۩∩۩ஜ - 3/3/2009
 
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