Numerous international companies have already built their office hubs in the Philippines. Here’s why you should too.
The Philippines is an attractive destination for businesses looking to expand their operations in Southeast Asia. Over the years, the country has been pegged to be one of the most ideal locations for investment given its strategic location in the region, skilled workforce, and competitive rates.
Here are some of the key benefits of building an office hub in the Philippines:
Cost-effective Labor
The Philippines’ low labor costs make it a cost-effective option for businesses looking to expand their operations in the Southeast Asian region. The average monthly wage for a worker in the Philippines is significantly lower than the average wage in other Asian countries like China or Japan.
Skilled Workforce
English is one of the primary languages spoken in the country which enables Filipino employees to gain experience in working for multinational businesses. In addition, the country’s education system produces a large number of graduates each year with degrees in science and engineering fields, making it an ideal place for businesses that require highly skilled workers.
Cultural Compatibility
The Philippines is a culturally diverse country with a large population of English speakers. This makes it an ideal location for businesses that want to expand their operations in the region without dealing with language barriers or cultural misunderstandings.
Strategic Location
As an archipelago located in Southeast Asia, the Philippines is easily accessible to and from the opposite side of the world. The country is well-connected to other Asian countries by air travel and sea routes, making it easy for businesses to expand into new markets and increase their global reach. This strategic advantage makes it an ideal location for businesses that want to expand into the North American market without having to deal with long travel times or high shipping costs.
Expanding your business in the Philippines? Let us handle your workspace for you. Corebilt is the preferred solutions provider for design and build in the country that offers office fit-out solutions and beyond. Interested to collaborate? Contact us today through bd@corebilt.ph for more information.
