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So, would you start up an offshore business in the Philippines or Bangladesh?

Discussion in 'BlackHat Lounge' started by deviatus, Dec 10, 2010.

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Philippines or Bangladesh?

  1. Philippines

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  2. Bangladesh

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  1. deviatus

    deviatus Power Member

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    Which would you choose to visit, and set up business, rent an office, and hire workers in? Philippines or Bangladesh?

    Pros cons? I hear 80% of the people from the Philippines speak basic English, but the workers are more expensive.
     
  2. satyawrat

    satyawrat Jr. VIP Jr. VIP

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    I woudl say Philippines.. I live in India and I have pretty good idea about bangla and how things work there... Too BH in all its ways, the kind you or I will not like...
     
  3. oxonbeef

    oxonbeef BANNED BANNED

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    I think the Op's confusing offshore companies to overseas companies which are two
    different things.
    I've never heard of either of those countries being mentioned as possible tax havens.
     
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  4. vampirerocks123

    vampirerocks123 Regular Member

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    partner with my company (India).. lol...
     
  5. deviatus

    deviatus Power Member

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    Oh yeah, I was going to add India. Consider it an option. :)
     
  6. deviatus

    deviatus Power Member

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    No, I meant going there physically, setting up offices, workers. Labour is lower cost.
     
  7. marttali

    marttali Junior Member

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    Go with the one which has:
    1.better infrastructure
    2.less holidays, days off, prayer times, etc


    You will find professionals in both countries.
     
  8. millennium

    millennium Newbie

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    Company I work in has an outoffice with Philippines, and while the people are awesome, speak good English and many professionals are available, I consider Bangladeshi work ethics to be the best out of all South Asian countries; while many workers are ill-trained or speak bad English, I've never had a Bangla try to fuck me up on purpose ? as Indians, Pakistani and Pinoys would all do at some point (no offense to the countries/nations mentioned ? I mean solely outsourcing work relations/work ethics, and to be honest my country (Ukraine) is also quite shitty in terms of work ethics for outsourcing jobs).

    My vote is first one for Bangladesh. Also, the workforce there is pretty much the cheapest out of all South Asia, especially if you set up infrastructure yourself.
     
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  9. robertwatkins

    robertwatkins Junior Member

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    give us the option to say none on your survey. offshore is going to get a lot of attention for anyone from both the ftc and the irs
     
  10. turzo67

    turzo67 Newbie

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    the problem with south asian nations like india,pakistan is that they will always bad mouth about their neighbours to get the job (no offence to them)
    thus both ruining their country's image themselves unlike bangladeshi's
    we've tried to stay out of this sick competition as long as we could
    but now im tired of watching these negetive spammings
    we never foul mouth about them but recently i've been seeing how badly they are trying to damage our emerging market.
    so clearly they are'nt good on ethics.
    And fyi- Bangladesh is the 3rd largest nation for outsourcing jobs after india,pakistan
    India's got 10 times more population than Bangladesh and pakistan has 20-25 million still after those equation's we are almost catching them and that too at a fast pace.
    i think these infos prove that we obviously have good amount of english speaking population.
    or else we would'nt be the 3rd nation in the category right?
    what you're worrying about is bad english speaking labours.
    my answer to this will be - exactly! you are right
    they would have worked on call centers if they knew english right?
    and thats exactly y they are low wage earners because they dont have the qualification for a corporate job.If u put up an office in Bangladesh you will be needing staffs for your office and those staff will be more than enough to assist you communicate with labours if you need to!
    That's how companies like gap & nike works in bangladesh..
    they keep english speaking staffs and those staffs do the rest + u already know that the wage rate of this country is very cheap compared to other countries.....that's what we do to attract people like you to invest in the country not because we lack in any sort of skills...
    infact we are better and offering better service compared to other countries
    hope everyone gets it and try to get a job honestly rather than bad mouthing about competetions.
     
  11. LeMerovigian

    LeMerovigian BANNED BANNED

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    South Korea, Thailand?
     
  12. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    A company which is incorporated outside the jurisdiction of its primary operations regardless of whether that jurisdiction is an offshore financial center (sometimes known as a non-resident company) i.e. a Canadian company may be 'offshore' for the purposes of a USA citizen

    http://en.wikipedia.org/wiki/Offshore_company

     
  13. synfig

    synfig Regular Member

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    No.

    Two reasons.

    1) I am from india and I don't want to experience the same asian lifestyle, just for the sake of business. As they say, grass is greener on the other side. Europe and US/CA people will find asia different, I can't. I personally feel like visiting europe once in my lifetime before last breath. If I get to setup business, that's bonus. I am in process of exploring europe and other countries which are different from asian culture. The reason behind that is though they are not business friendly but it avoids the same tunnel effect and worth checking.

    2) Philipines and bangladesh are not much good in terms of lifestyle. I do agree that there is lot of mall and stuff over there but crime rate in asia(not just these two) is rising. As we age above 30, it is better to find safer place to setup business.

    We can always buy the cloud work from anywhere in the world. So there is no specific reason to setup office in asia or other third world lands. I think as years goes on, more and more people will be there for IM or cloud working. So that way we could save a lot in office setup and recruiting if we get good staff via cloud means.
     
  14. GSanders12

    GSanders12 Registered Member

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    Both places are growing with economy. Places like these are a boom for businesses. They say India is the future of the world's economy. Both are excellent places to start a business but if I had a choice, I'd be an entrepreneur in Bangladesh.