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[COMPANY] To All Philipinnos

Discussion in 'BlackHat Lounge' started by MrSmith, Oct 15, 2009.

  1. MrSmith

    MrSmith Newbie

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    Hey all

    So I've been digging around the net and have been quoted prices on what it costs to make a company in the Philippines. I usually know what the estimates are and should be (since I know the cost of starting a branch in HKG, CN, SG, MY, Dubai & UK), but these guys working at the PH-offices/for the websites are just giving me outrageous prices like I was born yesterday.

    Do any of you know who to get in touch with to start a company in PH? Can't be as expensive as they 'tell me it is'

    Thanks all
     
  2. ramciv

    ramciv Registered Member

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    what company do you want to setup?
     
  3. MrSmith

    MrSmith Newbie

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    ramclv; Internet company. Basically software developing, callcenter etc. --- is there a difference between such???
     
  4. blackhatcatz

    blackhatcatz Power Member

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    Occupation:
    internet marketer, call center owner
    Location:
    Somewhere Asia, Moving around all the time
    I have my own company here. My number 1 tip here is to really fly down and talk to people already in the business and work with them or find a good manager and form a team.

    The main options are flying down for a few months and building your team or partnering up with a few people. It is not expensive if you go with the right people here to be honest. I run a pretty decent one for a very low price.

    but in terms of opening one should have very minimum cost compared to other places. Ie buying computers, renting space and hiring out employees should not cost you more than $2k for maintenance (salary of 3-4 people plus rent, electricity internet) and another $3-5k to setup. Call centers are a whole different thing if you would go for a hardcore setup complete with all softwares/tools etc.

    Let me know if you're serious then i can point you to some good people out here and they can give you a quote. It would be more expensive if you're gonna hire them out

    f
     
  5. thepinkx

    thepinkx BANNED BANNED

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    Flying to another country and all does do the job however if you want to get this done over the net I would suggest guru dot com they escrow your money untill the job is done and you will have many companies from that country bidding on your business .The cost to sign up is free for you and they only charge the end company not you .I have been useing them for several years and have had no problems.
    Good Luck
     
    • Thanks Thanks x 1
  6. MrSmith

    MrSmith Newbie

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    Hey buddy

    Already got the backend created for customer service/support as I got connections and people who does it in Malaysia, Indonesia and Singapore. That guy would just setup callcenter as he has done in all the above countries.

    It is more about starting business. I've done a good read on what is required (14 days it takes to setup the whole business with registration papers and what not). I just need someone trustworthy to do it for me - all the paper work. I'm going PH/Manila in 7 days time for a day to look at some offices in either Ortegas or Makiti. I live only 1.5 hrs by plane so it isn't necessary for me to stay around and hang around as I got a ton of other stuff I need to manage with my team back here.

    I'm looking to have office space end of the month and when I return from New York's ad:tech in November I should be ready to hire.

    JobsDB isn't recommended for hiring PH people? Must be some other portal, right?

    Thanks again
     
  7. blackhatcatz

    blackhatcatz Power Member

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    Occupation:
    internet marketer, call center owner
    Location:
    Somewhere Asia, Moving around all the time
    paperwork is easy mate. JobsDB i am not too sure. but with the right people i'm sure you can hire what you need. just get a good manager etc from here. but in terms of portal try our local ones: pinoyexchange.com, sulit.com.ph, trabaho.com but I still would like to get people who are outside of these areas. that's where the talent is. people who are not really advertising their job since they are already good/talented.

    all the best,

    f
     
  8. ron2x2002

    ron2x2002 Newbie

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    Hi,

    Im Ron, from Philippines, if your planning to build a company here in the Philippines i recommend building the company site in a place of which things are not expensive such as the rentals,electricity, the people that are working too, a huge difference in salary you need to pay for your employees in big cities than small ones in big cities the minimum wage is Php 350+, while in small cities its Php 180 for 8 hours of work. i don't recommend Manila as an ideal place to create a company, mind you, our family owns an Internet cafe and it cost twice the budget in places like Manila than places like where our current I-cafe is operating at. By the way, we were looking for someone/company towards who can develop our I-cafe into a call center, maybe few modifications will do, but if you want to, you can watch the set-up of our I-cafe, please do email me at ron2x2002@gmail.com if your interested, the computer technician is i, myself and volunteering for free for your company so the company can save with the budget for it. also with the rental space we do own the space so no need to consider those things and thats a lot of savings,If you dont know yet, many i-cafe's here are converting into call centers- in partnership with them and thats what we were planning to. Thanks and more power to you! by the way i am online everyday so you can just email me there, we got 15 computers working so far and we can have additional computers if requested.
     
  9. MrSmith

    MrSmith Newbie

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    Hey Ron

    Appreciate the offer, but I have to decline it.

    Not planning on moving outside of Manila as that will be too much of a hassle to get to. Why Manila? Because I'll fly by 3 days of the week to check up on projects.

    I'll be hiring ~20-40 people in one go. Some more experienced than others and specifications ranges from administrators to programmers (C++, JAVA & PHP)

    That being said..I've checked out rental space which is half price of what it is here - EVEN in Manila, so that's not my main concern.

    My main concern now is to get in touch with a company that can do all the paperwork for me. Any recommendations?

    Thanks again
     
  10. ron2x2002

    ron2x2002 Newbie

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    I know few who can maybe give you prices for what you are looking for,i am away from Manila but i can work it out and arrange that to you, anyway many Filipinos were taking chances if foreigners are making business here, thats why you really need to be careful, what i can suggest and advice to you is you hire somebody who is a filipino that knows how to speak tagalog(filipino language)so that it will be a pure filipino talks, because know what?? business here in the Philippines is like a gambling. If you dont know your moves i will be sure you will screwed up with tags of overpricing . If you dont know how to speak filipino language on the one your dealing at, then im pretty sure they will think your just "a child that was born yesterday" and give you high prices indeed .Thats the awful fact and i myself as a filipino doubt about it, But if its a fil-to-fil then rest assured you get the least for your expense.Many foreigners who were making businesses here that knows the game in the Philippine Business were doing that(paying somebody to manage foreign business) because here in Philippines there are lots of opportunist and thats what they are trying to avoid, thats why they'll doing that letting a pure filipino handle everything, few too manage to mary filipinas (filipinas are girls in the Philippines)so that filipina is going to handle the business of the foreigners,not just a legal partner but as a wife too.Philippine Business is rude and unfair if they know that the owner of the company is a foreigner they give double or triple the amount you need to pay. So be careful."Trust is a must" if your going to invest that trust to somebody he/she must earn it not just have it from you. anyway do u use YM?? maybe i could just add you there so i can refer to you somebody who can give you prices. thanks and keep in touch.
     
    Last edited: Oct 16, 2009
  11. MrSmith

    MrSmith Newbie

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    Well I plan to come down every week for 2-3 days to check up (like I said, only 1.5 hour on a plane). I should know how much output they produce and if it isn't deemed enough I'll fire and rehire someone - senior managers over here will be able to determine how long each project will take. If the 'Joe' is the one with least output he'll be swapped. Lots of substitutes for finding good loyal programmers who won't just daze around. They usually get a trial period of 3 months. And an evaluation of 'ranking' each month (just like Mark Zuckerberg's system) -- I'm sure some people don't like to lose a job they just got 30 days ago, right?

    I've just been contacted by 2 lawyer firms who can offer it at respectively 1500-2100 USD with all paperwork done. Sounds reasonable tbh.

    Don't look to be 'scammed' anywhere but in a taxi --- that being said hotel can't scam me, my employees can't scam me (being lazy isn't scamming) and my business is all on the net, so they don't have any control of the end product that they produce - no $$$ to buy servers. I'm aware of such dangers of being taken for a fool, however, I'm not going to hire anyone who isn't average with their english skills. Most filis are though.

    Not looking for marriage either. I'm 23 ...got too many women to bang before I settle. I'm not looking to do business in PH; just have an office, hire people and get things done.
     
  12. ron2x2002

    ron2x2002 Newbie

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    So that means its not a big deal.Yep, it sounds reasonable... i guess your decision was right, lawyers do know the W's & H about the business your going to start. But as what i have known about running company's, no company is allowed to enter the country if its totally owned by a foreign investor. I guess its 60/40 based on what i know about current running company in my country. 60% comes from a fil. investor and 40% from foreign investor. please try to ask the legalities of that on the lawyers whom your dealing.Just for additional info.
     
  13. blackhatcatz

    blackhatcatz Power Member

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    Occupation:
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    yeah. that's a reasonable price. don't listen to the other guy. Just run your stuff and i'm sure you know business in asia. all the foreign 60/40 crap really doesn't work to be honest. Always alot of stuff to get around these things.

    all you need to do is to get a good law firm (reputable one, double check) run your stuff and get it done. I do agree that manila is the place to be. Talent is here in terms of being advanced and knowledgeable of setting up the industry.

    Other areas might work but if you're looking for solid talent just stay in the mainstream area. Easier to fly into too. Let me know if you need any help. I might be able to refer a few good firms or at least can ask family members (I have 4 lawyer cousins) :D

    Good luck and yeah we can go out for a drink sometime. I'm also 23

    F
     
  14. DrJekyll

    DrJekyll Senior Member Premium Member

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    Your best bet is to hook up with blackhatcatz, get some referrals.

    Not all lawyers can be trusted. (in PH)
     
  15. Rein1418

    Rein1418 BANNED BANNED

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    Hey,

    I got the hook up with local business permits and programmers. Let me know whatever materializes.

    It's Filipinos by the way =)

    Rein
     
  16. MrSmith

    MrSmith Newbie

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    My bad for the spelling mistake - I sincerely apologize

    Yes, PH is a whole new playing field for me. It's all Spanish cultural influenced which you won't find anywhere in Asia (HKG = British, Macau = Portugese, Singapore = [cant remember] [american??], etc.) -- and the people in PH speak brilliant English. Reason why I've looked at it with skepticism are the news headlines of kidnapping and what not if you flash a watch with too much shine to it (even if it was fake!)

    Anyway, I appreciate all the advice and I'll stay in touch with all of you and keep you up to date how this goes. Paper work is an f'ing hassle. Fact is that I hate to wait - just spam; quick, easy and high return if you know what to do lol. JK

    And I'm overwhelmed how many responded to this topic. Which lawyer companies you recommend I get in touch with? I got responses from 3 so far (the 2 previous ones were a heap of shit - one was offering 20k USD downpayment for advice!! [fuck yourself I wasn't born yesterday] the other wanted 10k USD to setup business + some stupid hourly pay for advice [again...wasn't born yesterday])
     
  17. ron2x2002

    ron2x2002 Newbie

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    oohh really?? how long are you in business that you do know about 60/40??? i guess it does work. see how the case of SMartMatic works?? if the partner company responsible for the automated election quits with smartmatic. there wont be any automated election at all in the Phil, because of that 60/40 crap your saying.
     
  18. MrSmith

    MrSmith Newbie

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    Another question to the Filipinos in here (or people residing in PH);
    What are the top 10 real estate agents in Manila? Or the ones with the most branches?
     
    Last edited: Oct 18, 2009