Can I Start a Business in the Philippines?
This is one of many such queries I receive all year long basically about moving to and living in the Philippines. As with almost all these sort of questions, my most common answer is, “it is up to you”. I write a LOT about the cost of living here in the Philippines but often it seems people don’t care much about reading the answers for themselves.
Basically everything you need to know about moving to the Philippines is here. I probably could have converted that into a eBook and sold it … I’ve seen many an eBook about moving to the Philippines which has actually less information than I share for free … but maybe it is because I _don’t_ charge that people don’t value the answers very much?
How Much Do I Really need?
- 0.1 How Much Do I Really need?
- 0.2 Can I Start a Small Business?
- 0.3 Don’t Jump in If You Can’t Swim!
- 0.4 Using US Benefits in the Philippines
- 0.5 Business Opportunities:
- 0.6 Scuba Diving:
- 0.7 Don’t Be Discouraged If You Have To Change Direction
- 1 Related Posts
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You can live here for really very little money. But, the chances of success or failure depend mostly upon your understanding of the words “Can I’ and the similar but completely different phrase “Will you”.
It’s up to your budgeting skills and how under control your debt-intensive and “I deserve it now” genes are.
In my 10 years here I have found that about 90% of the foreigners I meet are not at all willing to live as cheaply as they can live. That is a personal decision which only the individuals involved can answer.
Now Here’s a recent comment with a couple of very important issues aside from just raw costs that need to be considered.
Can I Start a Small Business?
Hi I just wanted to ask you think it would be possible to actually start some kind of small business on only ten thousand dollars in US dollars?
The answer is yes, under some restrictions and conditions we don’t need go into now.
But the problem I run into now is, when I ask folks with this question what business experience they have, and what business they are currently experienced at running … and earning money at, the answer is almost invariably, none, nothing, or as we say in the Philippines, “wala”
If you aren’t already experienced at running a business, what makes you think you will able to “learn as you go” in the Philippines where you don’t know the language, when you don’t know the laws and rules and where there is virtually no government assistance to help you get things off the ground.
My advice is, start a business now, in the USA, location independent (like an eCommerce business online, that you can nurture and grow and just take with you, literally when you make the move.
But I Don’t Have Time: Sorry, that’s a bogus excuse. You DO have time, you have exactly the same amount of time as any other living person. What you are really saying is, “You won’t Make Time”, it’s not important enough to you.
But I Don’t Know How: Sorry, that is even more bogus. The answer? LEARN. Everything you need to know is readily available. Take advantage of it now, especially while you are in the USA, buoyed up by government paid assistance programs. Be cause when you move overseas, a LOT of things are going to change.
Especially this commenter who appears not to have a regular jobs because he’s living on a disability entitlement?
Don’t Jump in If You Can’t Swim!
If you had to get ready to swim the English Channel, would you start learning to swim now, in safe water, with lifeguards and such, and slowly get yourself in condition to be able to swim 30-odd miles?
Or would you fly to Dover and just jump in the water, without even knowing the direction of France?
Personally I think siting and waiting and then jumping into strange waters is a pretty good recipe for disaster. better to take $10,000, pile it in an ash tray and then set fire to it. You’ll still lose the money but you won’t have to freeze and get so wet doing it.
My advice to anyone thinking of supporting themselves in the Philippines with a business is to start now and build their own business and have it up an running and working before they make the move. You don’t need to earn from where you live!
Or, you can just dive in the deep end of the pool without knowing how to swim … perhaps you will swim instead of sink.
Using US Benefits in the Philippines
My fiancée lives in the Philippines and I am on SSI and have no co-sponsor to bring her to the United States . And SSI still always me 8000 Back pay which I will get in a cup of months so after I sell my car and my Harley and pay what bills I have and buy a plane ticket there an visa fee’s this will be approximately the amount I will have to come there with..and she wishes me to move there so we can be together and talks about opening a small grocery or something like that as she lives in claveria-cagayan. Also she lives right on the beach at the lagoon so I thought about maybe opening something in the Scuba diving industry. Seeing how I have my certification. …
Well I hate to be the one to bring you bad news, but it seems you haven’t done even the most cursory research into this. SSI is normally not payable to:
SOMEONE WHO IS AN SSI RECIPIENT WHO IS ABSENT FROM THE U.S. FOR A FULL CALENDAR MONTH OR FOR 30 CONSECUTIVE DAYS OR MORE
Except for certain students temporarily abroad for study purposes or a child of military parents stationed overseas, an individual is not eligible for SSI benefits for any month during all of which he or she has been outside the U.S. Once an individual has been outside the U.S. for 30 consecutive days or longer, he or she must be back in the U.S. for 30 consecutive days to be eligible for SSI benefits. (see more at http://www.ssa.gov/ssi/text-benefits-ussi.htm)
In addition, when you read up on Social security law and limitations on benefits, income and such, I wonder how long you can live on Social Security benefits which are paid to those who are not able to work or earn a meaningful income, while you are busy earning a meaningful income?
I guess you would be the one who decides to what level you want to deceive the government (meaning those of us who declare our income and pay our taxes), but to me, you would likely be skating on very thin ice. Don’t let my thoughts stop you, though, the Philippines is full of Americans hiding out from court orders and engaging in scams to trick Social Security pay. Some of them succeed for years …
“Little grocery stores” in the Philippines seldom earn enough to keep the proprietors alive from one month to the next. Again, I would ask, what experience does your fiancée have in running a store here and making it pay? If (as I guess) the answer is none, what is going to make a profit making store “happen’ once you get here? It’s not just a question of money, somebody has to know how to make it work, and they have to put in the hours (many more than 40 per week, I can assure you)m to keep it working.
This could be a much better area of interests. There are quite a few diving resorts and dive centers. What opportunities you might find where you want to live? I have no idea. If you want to talk direct with someone who runs a diving center (and a hotel/resort) in the Philippines you might want to talk with Chris Dearne (just get is link from one of his many articles here http://liveinthephilippines.com/content/category/chris/
Don’t Be Discouraged If You Have To Change Direction
Sorry to be the one to tell you a few things as they really are, rather than what you might have wanted to hear, but I really am on your side. Just free yourself from the restrictions imposed on you by government programs and let yourself become the free and successful man I know you are capable of being … Godspeed if you try to Start a Business in the Philippines.