Discussion Starter · #1 ·
Are any of you working remotely for a U.S. based company while living in the Philippines, are is everyone here living off of a pension?
Hello and thanks for the reply. The problem with that is expats can not own a business outright in the Philippines. A Filipino must own 60% of whatever business I start which slipts already small profit margins.Perhaps better for you too?
Instead I have started businesses in Phils. In difference from in our home countries capital is valued much higher than work so financuere can get much biger share.
If having capital there are a lot of opportunities. Filipinos are to good at copying so better be businesses interested Filipinos dont have capital or knowledge to do. I have researched several years and found much more than I can afford to start myself I have found a bunch of good workers too, more than I have use for, so if start at south Palawan with something they can, I can give that contact. We can assist with business ideas too (except compeeting against my businesses haha
In many cases correct,Hello and thanks for the reply. The problem with that is expats can not own a business outright in the Philippines. A Filipino must own 60% of whatever business I start which slipts already small profit margins.
Most Expats who make this their final stop would have a pension in order to make that successful.Are any of you working remotely for a U.S. based company while living in the Philippines, are is everyone here living off of a pension?
I suppouse its as in our home countries, stupid official bosses employ even more stupid people to try to avoid it become obvious how stupid they are themselves... 🤣A good town planner would do well here in PH. The local LTO there is no parking for cars, most businesses for that matter and bikes parked in the street, I suppose the population grew without forward planning.
Oh US company. USA have much different deal with Phils, so perhaps thats why you did get away with itI have no Idea what the US based company told BIR