Business Registration for Shared Service Centers in the Philippines

A shared service center is responsible for handling and executing a particular set of operational tasks for a business company, including accounting, human resources (HR), payroll, IT, and legal assistance. As Philippine IT-BPO continues to grow and expand, the number of shared service centers being established in the country is also rising on a rapid scale. The Philippines is considered an ideal location for setting up serviced centers, for several reasons:

• Steady Economic Growth
• Competitive Labor Costs
• Skilled Labor
• Liberal Business Environment
• Government-issued Tax Incentives

The Philippine government offers a wide range of incentives for shared service centers setting up business operations in the country. These include, but are not limited to the following:

• Tax holidays
• Duty-free importation of capital equipment
• 5% overall tax rate
• Tax holidays and exemptions

MM&CO. assists foreign-owned shared service centers set up business operations in the Philippines. We will determine the appropriate investment vehicle for you and your company and take you through the necessary procedures for setting up business operations here in the Philippines. We will also assist your company in determining PEZA or BOI eligibility, which will enable your company to avail of tax incentives and other government-issued exemptions.