For a lot of foreigners, retirement does not mean not doing anything. You can find individuals that open a profitable business Philippines venture in order to keep busy and make money as well. Most of them come into the region flush with cash from having retired and so are aiming to build a new start in a country where the living costs is a lot more affordable. That is why you will notice plenty of small startups all over the country that are owned by foreigners. If it is your first time to work within the Philippines and want to prevent the stress of dealing with day-to-day operations, landlords, employees, inventory, as well as other such matters, allow me to share several opportunities that might be definitely worth your while.
One great place get started on if you want to open a company Philippines venture is to buy fixer-upper properties, renovate them and then sell them off. You’ll find numerous properties that are in a condition of disrepair and in case you’ve got experience in building homes and doing repair work, you will see that this is one opportunity where you could generate a nice profit. It might be advisable though, to get your own licensed Philippine broker in order to navigate the market as to what properties are worth renovating and selling.
The next thing listed where you can do good business within the Philippines is to build an apartelle. This is something that is uniquely Filipino and can be found all all over the country. An apartelle happens to be an apartment building where all but one of the units is rented out long term. Operating one of these can be done on a nightly or weekly basis, similar to a normal hotel, hence the combined name. Getting yourself into this will require heavy capital investment on your behalf, but with the right property together with a focus on rural areas and smaller cities, you can construct a small 4 unit building for about 3 million Philippine pesos, excluding the price of the land.
The third item that is also worth mentioning is farming. Considering the halt on the Agrarian Land Reform program (CARP), the private sector could have renewed confidence to invest in agricultural production once again. For the longest time, CARP has held back purchase of both production capacity along with farm acquisition. Now that it’s ended, land prices will go straight back to being valued for their own higher income producing potential.
For individuals who want to open a profitable business Philippines venture that is passive yet will yield a fantastic ROI, right here is the one. Farming has long been structured via the developers (all foreigners) to be an actual one turnkey investment price, which includes the buying price of the land, in addition to the clearing, planting, cultivating, and harvesting for the first few years. It has a price that’s intended to fit the capital investment budget associated with an average foreign retiree, and all landowners are going to be members of the co-op that can share in the usage of farming equipment. Farming operations will likely be handled by the developer’s management team.
Business within the Philippines is one thing that you should consider, especially if you really are a foreigner with a nice retirement fund. There are lots of opportunities around, however these three are some of the ones which could help you to get started.