The Philippines boasts of a booming economy and a welcoming culture that you can’t find anywhere else in southeast Asia. Its people are hospitable, friendly, and accepting of others regardless of race, ethnicity, sexuality, or religion. Technology and connectivity is also rapidly improving in the country to accommodate the demands of the digital era.
According to a recent study, the Philippines has the second-fastest mobile internet or broadband connection, averaging at 13.9 Mbps. The Philippines even trumped first-world countries such as USA and Japan in terms of internet speed.
As both foreign and local investors realize the country’s potential, there has been an influx of startup businesses in the Philippines. If you’re eager to start a business, make sure to consider these developing cities inside and outside the Philippine Metro.
Makati is home to some of the Metro’s tallest skyscrapers where small businesses and startups to the largest multinational enterprises hold office. This bustling city is often the choice of residence of most expats, with hotels, condominiums, bars, restaurants, malls, and BPO companies nearby.
Cebu city is known as the “Queen City of the South” due to its size and strategic location that’s close to beautiful islands and beaches. This large city is also the 5th busiest city in the country.
In fact, international hotel brands and large mall chains also hold business in Cebu. If you’re looking to open a tourism-related business or an ITBPM operations, Cebu is a great place for you.
QC is one of the most dynamic metropolitan cities in the country that’s ideal for businesses both large and small. Its local government makes it easy for entrepreneurs to start a business.
In fact, the Philippine Chamber of Commerce and Industry recognized QC as the Most Business-Friendly Local Government Unit in 2016.
With an economy that’s based on tourism, games, and amusements, Angeles City is considered an emerging technology area.
Angeles is also the home of the Clark Freeport Zone and the Clark International Airport, which makes it an ideal place to start a business.
Ever been to Puerto Princesa’s famous Underground River? It’s hailed as one of the seven wonders of the world, which makes the city one of the top tourist destinations in the country.
This new wave city is perfect for tourism businesses such as resorts and hotels, travel agencies, restaurants, and the like.
Location is key to any business’s success. If you’re thinking of starting a business, make sure to look into what each city has to offer your specific business needs.