A Perfectly Profitable Paradise – More reasons to invest in the Philippines
If you are thinking about investing in the Philippines you’ll be pleased to hear that the World Bank has ranked the Philippines as one of the world’s 10 most improved economies in facilitating trade and investment across borders.
The Philippines has improved 7 places in the last year alone from 68 to 61 in the World Bank’s rankings for trading across borders (out of 183 economies). It takes for example an average of 21 days in the Philippines to obtain a construction permit whilst the regional average stands at 45 days.
The government of the Philippines is continuing its effort to improve conditions for international investors. One such measure has been to draw up a ‘Magna Carta’ for investors, designed to protect the rights of people investing in the Philippines. According to the Department of Trade and Industry this bill is likely to be finalised and passed early next year.
The government is actively encouraging foreign investment in a variety of industries including energy, technology and tourism. Special TIEZA’s (Tourism Infrastructure and Enterprise Zone Authority) have been created to provide incentives for international investors. Some of these include tax and duty free importation of capital investment, equipment and transportation.
It may come as a surprise to many that the Philippines is the third largest English speaking country in the world with a large expatriate community. This makes it an attractive location for both tourists and investors.
Millions of tourists continue to be attracted to the amazing beaches, world class dive spots, exotic volcanoes and of course the 7,000 plus islands. Tourist numbers are expected to grow to just over 3.8 million by 2012, representing an 8.4% growth rate from this year (Govt of Philippines).
As Steven Worboys, MD of Philippines property experts, Experience International, comments,
“International investors are more confident than ever in choosing the Philippines as their investment destination. One of the most popular locations has been Mactan Island in Cebu province which provides a fantastic opportunity to benefit from the rising tourist numbers, rich natural biodiversity and wide range of resources this island has to offer.”
One property development which has received particular investor interest is the 5* Blue Coral Resort & Spa, frontline residences on Mactan Island. With first class facilities overlooking the crystal clear waters of the Bohol Straits, the newly released hotel suites, studios, 2 bed apartments and 2 bed luxury pool villas start from $83,500 with an impressive 21% guaranteed annual income. In addition 60% non-status finance is available and the resort will be managed by a world-leading tour operator guaranteeing 80% occupancy.
For more information about investing in the perfectly profitable paradise which is the Philippines in 2011 and indeed the Blue Coral Resort & Spa contact the experts at Experience International on +44 (0) 207 321 5858 or visit www.experience-international.com.