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⌛ Starting a business

Discussion in '☋ Expat Section ☋' started by yawning, Apr 21, 2008.

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  1. yawning

    yawning DI New Member

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    I have been reading most threads on this forum about the topic but I feel like i havent got the answes needed so I hope you can help me

    I am a 23 year old European that have been living here for 1.5 years now and I want to start a business here

    But I dont want to get married so what other ways are there for me?
     
    yawning, Apr 21, 2008
    #1
  2. archon_manofsteel

    archon_manofsteel DI Forum Adept Blood Donor

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    What kind of business do you have in mind?
     
    archon_manofsteel, Apr 21, 2008
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  3. OP
    OP
    yawning

    yawning DI New Member

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    A restaurant and i will be investing around 1 mil if that matters..
     
    yawning, Apr 21, 2008
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  4. barramac

    barramac DI Member

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    i am in a similar situation

    hi
    the over bureaucratic work involved in setting up a business really requires paying someone else to deal with all the tedium

    if anyone could give information/reviews about professional services such as lawyers and accountants/bookkeepers along with costs. that would be very useful

    thanks
    barry
     
    barramac, Apr 21, 2008
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  5. barramac

    barramac DI Member

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    i am in a similar situation

    hi
    the over bureaucratic work involved in setting up a business really requires paying someone else to deal with all the tedium

    if anyone could give information/reviews about professional services such as lawyers and accountants/bookkeepers along with costs. that would be very useful

    thanks
    barry
     
    barramac, Apr 21, 2008
    #5
  6. archon_manofsteel

    archon_manofsteel DI Forum Adept Blood Donor

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    where would your planned location be for your restaurant?
     
    archon_manofsteel, Apr 21, 2008
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  7. OP
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    yawning

    yawning DI New Member

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    The location will be in Manila, Makati..
    I posted on this forum since i have been reading here for a while and know there are some great knowledge here
     
    yawning, Apr 21, 2008
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  8. Rhoody

    Rhoody DI Forum Luminary

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    make it simple, you can't open a business as a foreigner on your name... that is the law. There are options, but it will NEVER be on your private name as a foreigner, specially not with the polecap melting idea of a restaurant... maybe sounds hard, but thats the reality
     
    Rhoody, Apr 22, 2008
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  9. yabs

    yabs DI Forum Adept Restricted Account

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    Mugs game mate unless you really know what you are doing and have a partner you trust 110.
    most buisinesses go t*ts up let alone in the phils wher you have no rights
    only suggestion is to find a place that is just starting off with tourism
    and be one of the first to set up a bar or restaurant
     
    yabs, Apr 22, 2008
    #9
  10. tubigboy

    tubigboy DI Forum Adept

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    A den of thieves! You need to have a filipino partner. I would be very careful and cautious.
     
    tubigboy, Apr 24, 2008
    #10
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