--- title: "Philippines Company Setup Overview & Banking Procedures with David Elefant" slug: "philippines-company-setup" type: "archive" url: "https://globalfromanywhere.com/philippines-company-setup/" canonical_url: "https://globalfromanywhere.com/philippines-company-setup/" date_published: "2016-07-26T02:00:47+00:00" description: "GFA133. Looking to setup a company in the Philippines? What is involved, what are the upkeep? We have expert David Elefant on the show explaining the ins and outs- check out GlobalFromAsia.com/episode133 for full notes" --- # Philippines Company Setup Overview & Banking Procedures with David Elefant ![](https://globalfromanywhere.com/wp-content/uploads/2016/07/david-elefant-560x60.jpg) * * * Beach day today – Sunday morning as I record today’s intro and I am taking the family down to the Da Mei Sha beach in Shenzhen – yes – I think it is the beach where that viral photo online was shared of a totally jammed beach from head to toe of people where you have to fight to get a piece of sand. Wish me luck, it’s building memories for the kids! ![](https://globalfromanywhere.com/wp-content/uploads/2016/07/Mike-at-beach.jpg) So Global From Anywhere podcast is now 1000 days old! Boom, will be three years old in October and I am so happy to have you all listening. Here’s a cool email I got from a listener: > From: Nick Martin > Jul 19, 7:33pm > > Hi Mike, > Superb job with Global from Asia. You’re a natural host and guests like Julian Lee make each episode well worth a listen. > I’d like to give you a referral on a possible guest for the show. Thanks Nick – and yes – please send referrals guys! But I have to admit – I have about 6 interviews already recorded and ready to rock out – so I must get back on weekly to catch up a bit as more guests want to come on and I can’t wait. So now for this week’s show – we are in the Philippines talking company setup – let’s go! ## Topics Covered in this Episode * #### Introduce David We met back in 2010 when I was between Manila, Hong Kong, and dongguan quite a bit – great to have you on the show David! * #### About David Elefant * #### Coming to Manila How did you end up in Manila, Philippines? * #### Philippines Economy Things have been changing quite a lot in Philippines – the economy is getting better? Or at least I see more and more real estate developments when I’m there * #### Why Setup in Philippines? Setting up in Philippines, what is the main reason people do so * #### Structure Any common trends you see in the industries that are establishing there? * #### Timeframe People setting up there – what timeframe should they look at? * #### Steps What’s the normal procedure * #### Different Cities, Provinces Is it different between Manila, Cebu, and other parts of the Philippines? * #### Issues People Face Any hiccups people face? Is it hard for a foreigner to do it? * #### Needing Local Filipinos I remember that you need to have local Filipinos at least on the board. * #### Banking Banking, this is being a challenge in Hong Kong lately – how is it in the Philippines? * #### Case Studies Can you share some case studies or examples of someone from start to finish – say starting an outsourcing company in Manila. * #### Need a Company? I’ll have to be honest – of course a lot of listeners are hustling entrepreneurs that are working from their laptop in coffee shops. They hire Filipinos on Upwork and other channels – and live the good life – is this OK? * #### Upkeep requirements What are the common upkeep requirements? * #### Contact Ways to contact David ## People / Companies / Resources Mentioned in this Episode √ [David’s firm Dayananconsulting.com](http://www.Dayananconsulting.com) √ [Enter China review](https://globalfromanywhere.com/reviews/enter-china/) √ [Julian Lee podcast interview on GFA](https://globalfromanywhere.com/ambilabs-crowdfunding-experiences/) ## Episode Length: 23:23 Thank you David for coming on! Hope you guys enjoyed a bit of a break from Hong Kong and China. I am planning to venture around various parts of Asia – since this show is all about Asia right?! Also – the Enter China community I am a part of – we have our webinar on August 3 and 4 next week – you can learn more about China manufacturing and sign up on globalfromasia.com/enterchina Let me work on getting another show for next tuesday – back to weekly – did you miss it! Cheers ## Download Options * Direct Download: Right-click [here](https://podcast.globalfromasia.com/gfa133.mp3) and click “Save As” for a direct download * iTunes: [Listen and subscribe](https://globalfromanywhere.com/itunes) on iTunes for free! * Android: Check out [Android Options](https://globalfromanywhere.com/android/) or Listen via [Stitcher Internet Radio](http://www.stitcher.com/podcast/global-from-asia-doing-business-via-hong-kong) streaming * If you enjoyed this episode, leave a [positive review on iTunes, & more (directions here)](https://globalfromanywhere.com/leave-a-review/)! ![](https://globalfromanywhere.com/wp-content/uploads/2016/07/david-elefant-525x525.jpg) Podcast: [Play in new window](https://media.blubrry.com/podcast_global_from_asia/p/podcast.globalfromasia.com/gfa133.mp3 "Play in new window") | [Download](https://media.blubrry.com/podcast_global_from_asia/s/podcast.globalfromasia.com/gfa133.mp3 "Download") Subscribe: [RSS](https://globalfromanywhere.com/feed/podcast/ "Subscribe via RSS")
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