Economics & Politics

• Solid economic growth
  The Grant Thornton International Business Survey Review for 2007 ranked the Philippines 2nd among 32 economies in business confidence. A very solid economic growth - not jeopardised by economic bubbles - and low inflation and interest rates are the basis for a secure and profitable business.
  
  
• Open market oriented government
  For more then 20 years the Philippines has been a stable democracy with open market oriented governments improving the infrastructure through public investments and attracting local and foreign investors through a wide range of incentives, i.e.
  
  • 4 to 8 years Income Tax Holiday (ITH)
  • Special 5% tax rate on gross income after the lapse of ITH (for IT Park/Ecozonelocators)
  • Exemption from 2% input VAT on allowable local purchase of goods and services (e.g., communication charges
  (The complete list of incentives can be found under www.dti.gov.ph)
  
  
• Data Privacy & Security laws
  Already in 1997, the Intellectual Property Code was implemented. In addition, the Philippines are TRIS compliant. E-commerce laws are also in place to establish the provisions for confidentiality and a secure business environment.