A Premium Guide to Editing The State Farm Insurance Business Plan Template
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What kind of business opportunity exists in Germany?
Best Small Business ideas in Germany for 2018Okay, having provided a detailed analysis of the legal requirements, market feasibility and every other thing it takes to start a business in Germany and a series of industry-specific sample business plan templates; here is an in-depth analysis of the top 50 best small business ideas in Germany. So put on your entrepreneurial hat and let’s proceed.Biotechnology BusinessGermany is aggressively promoting and developing its biotechnology industry. The government has spent hundreds of millions of dollars on infrastructure, fund research, development, and recruitment of top international scientists. Though, breaking into this industry requires solid background knowledge and a huge capital.Fast Food eateriesFast foods and snacks sell very well in Germany. This means investors can really make lots of profit from businesses that sell snacks such as barbecue, pizza, and so on. This business requires little capital and no formal academic certifications. So, it’s one you can easy venture into.Transportation BusinessTransportation is one of the necessities that are almost indispensable in every economy, and this is why the demand for transport services is high almost everywhere. As a foreign investor in Germany, you can start a transport business, the scope of which hinges on your capital. If you have little capital, start a taxi service that transports people within local routes. As time goes, you can start an inter-city or inter-state transport service.Food BusinessFood business is probably the best business to start not just in Germany, but all over the world. This is because there is a universal need for food, and it is the most important basic need of man. So if you are thinking about venturing into the business opportunities in Germany, food business is one of the most notable.Car Manufacturing and RetailingThe car manufacturing industry is the largest in Germany’s manufacturing sector, accounting for a larger chunk of the total industrial output. This high production rate notwithstanding, there are huge opportunities for businesses that sell electronic products to consumers. With a little capital, you can focus on a narrow range of car manufacture, but this could be wider depending on your capital.Online Marketing and AdvertisingWith increasing need by businesses to attract customers and sell their offers via the internet comes the booming demand for professionals and businesses that offer online marketing services. These services range from copywriting to search engine optimization. If you are a seasoned copywriter, or a website designer and developer, or a search engine optimization specialist, or a social media marketing expert etc.Freelance WritingWith the increase in number of individuals and businesses that have adopted blogging as a way of making money online comes the escalating demand for creative ghost writers. So, freelancing is one of the business opportunities in Germany.Laundry and Dry Cleaning-:Most Germans especially in this era are just too busy to handle their laundry themselves. So, they would rather pay to get this done for them. If you are looking to start a small-scale business in Germany, consider this option.Financial ServicesBecause there are many businesses, both indigenous and foreign in Germany, there is high demand for individuals that offer professional financial services such as accounting, auditing, and bookkeeping. If you have a solid background in any of these services, you can make a lot of money in Germany by helping other businesses with the skills you have on offer.Auto Spare Part salesCars and other automobiles sell very well in Germany. And foreigners can easily break into the business. But capital remains the main issue, as the business requires huge capital. However, if you are having little capital, you can start a business that sells auto spare parts instead. They sell well, too.Appliances RepairingIndividuals who need to have their appliances or furniture repaired can save costs. Hence, a repair service business can be a good business option. In any economy, whether good or bad, people will always have things to fix as fixing an item cost less than buying a brand new one.Janitorial and Cleaning businessRunning a small business that provides residential upkeep can be a good business. Commercial establishments that need to keep their premises clean can also be regular clients. You can provide housecleaning services, office cleaning services, foreclosure house cleaning, roof cleaning, etc.Home Tutoring-:Heads of families in Germany prefer to arrange for home tutoring for their kids, making it a good business option. You can even choose to teach English language or other subjects which are very high in demand.Elder Care BusinessProviding quality care for the elderly, like preparing meals, running errands or housekeeping, can be lucrative business, especially in households with busy working professionals. Due to the fact that many persons are busy with different tasks, you can take this up.Fitness Trainer-:More and more people are realizing the importance of having a fit body. A fitness trainer can get his share of clients. Products that enhance health may likewise have huge demand.Eco Friendly Product retailing-:Distributing eco-friendly products online such as light bulbs and recycled items may be a great business move. Just be sure to keep your site navigation-friendly and updated with fresh articles.Telecommunication businessGermany is one of the major telecom hubs in Europe. Be it mobile phone connections or providing internet services, there is a whole market that has been left untapped by existing telecommunications players. Although the existence of private players is very prominent, facilities such as radio and television stations are all government-owned bodies.Fashion Retailing-: Germans are a very fashionable bunch of people. They love keeping up with the latest trends and looking their best at all times. It’s thus easy for anyone who is into fashion to break even in the country.Professional Course TrainingThis is an up-and-coming industry in the world of business in Germany. It offers a lot of opportunities for professionals to be certified. You could consider setting up business in this sector that provides accredited courses in travel and tourism, hospitality, fashion designing, business administration, science and research and so on.Information Technology ServicesMany globally-renowned IT firms have already set up businesses in Germany owing to the growing potential and skilled labour available in this arena. You could set up a business that provides a variety of IT services such as wireless networks, or web development, social networking, website designing or other businesses depending on your interest. Cyber laws here are well-equipped to regulate the internet and are updated on a regular basis.Hospitality BusinessAny destination that has a booming tourism industry will most definitely have a growing hospitality industry. This includes small-time bars and cafes to large multinational chains of hotels and resorts to the food and beverage industry here. You could make hay while the sun shines and invest in this sector.Travel and Tourism BusinessThe travel and tourism industry is one of the contributors to the German economy. You might want to think about tapping potential domestic and international tourists by setting up your own travel agency or an airline that would cater to their every need and make their visit a memorable one.Career CoachingWant to help and inspire people for a living? Starting a career coaching practice could be the key to doing what you love and making a difference. Through career coaching you can work with clients of all ages, from young people who don’t know what career path to pursue or how to land their dream job, to older people looking for a career change.Online Retail ConsultantIf you’re knowledgeable about popular selling platforms like Amazon and eBay, you can help other people turn their online businesses into successes. Help sellers set up and improve their stores, advise them on product photo best practices and how to write better product descriptions. You can also show clients how to use social media to promote their shops and how to get their products featured in publications to help them boost sales.Up cycling ServicesAs an artist or anyone interested in crafts, try turning items that would otherwise be thrown out into useful products and selling them at craft fairs or on a website like Etsy. You can also offer to turn other people’s unwanted items into up cycled projects, like refreshing outdated clothes to make them more stylish and trendy, etc.E-CommerceYou don’t have to be a big-box retailer to start an online store. Whether you sell directly to consumers or use a drop-shipping service, all you need is a website and the right e-commerce software to get started. You can sell your own products or items from niche suppliers. Alternatively, if you’re crafty, you can also sell your own handcrafted creations on online marketplaces.Event PlannerDo you love throwing parties and organizing meetings? Start an event-planning businessand turn your passion into a profitable small business. Everyone needs event planners, from individuals to organizations and corporations. Though as an event planner, you will need to be resourceful and have a keen eye for detailHomed Based RestaurantIf baking or cooking is what you love doing, consider launching a home-based bakery, personal chef or catering business. You can whip up your concoctions for individuals, events, and local businesses and organizations. Keep in mind that home-based food businesses are heavily regulated, so start by figuring out the rules and regulations in your area.Day Care ServicesIn most places in Germany, you don’t need a license to run a babysitting service from home if you keep your child headcount below a certain number. With more parents needing to work, offering a home-based child care situation can be a great way to start a business and stay home with your own kids, too.Errand ServicesIn some ways, the recession has made people busier than ever. Between working long hours, cooking more at home and juggling responsibilities, there’s a lot that gets left undone. A service that runs errands (including dropping off dry cleaning, paying bills, etc.) requires just a car and cell phone. Start small, do a good job and word of mouth will spread quickly.ConsultingIf you are good at solving issues or if people always come to you for help on certain areas. Well may be it could be time to offer your services to people out there at a fee. Businesses need consultants who can help them realize their mission and visions. Individuals want help with the problems in their lives. People are willing to pay you if you can help them stay focused and work their way towards achieving their goals.Coaching: If you are good at a particular subject or area, you can also teach others at a fee. Thus it could be students, business people or employees. You stand a good chance of making money with this business idea anywhere in the world, especially Germany.Government ContractorMany youth and women have won tenders worth millions of shillings to supply stationery, grade roads, offer services such as cleaning or repairs and many others. You can also come together in groups with complementary skills to increase your chances of being awarded.Cake making/decoratingPeople, clubs, organisations, clique of friends etc. are usually in need of cakes especially for special occasions and events. The making/decoration of cakes is indeed the business for this period. As a family, with members who are very good in this type of business, you can set up a cake making business that will be operated by members of the family.Child CareThough it sounds strange, but it’s a business that a family can venture into. There’s great potential to earn extra money from looking after kids, but you’ll need to adore children (not just your own), have boundless energy and patience and in many cases must satisfy some criteria.Computer repair/troubleshootingIn this century, many persons are mostly in need of repairs/troubleshooting for their computers/laptops. A family understanding this need can set up a computer repair/troubleshooting centre. This service and many more can be offered to many people who still find computers complicated to maintain and terrifying if they go wrong.Dog groomingDog grooming refers to both the hygienic care and cleaning of a dog, as well as a process by which a dog’s physical appearance is enhanced for showing or other types of competition. This is a very vital part of the healthiness and wellbeing of a dog which increases its lifespan.Veterinary careThis career idea is hinged on the basis of prevention, diagnosis and treatment of disease, disorder and injury in non-human animals. The scope of veterinary medicine is wide, covering all animal species, both domesticated, and wild, with a wide range of conditions which can affect different species especially the pets.Dog WalkingThis is both a pastime and a profession involving the act of a person walking with a dog, typically from the dog’s residence and then returning. This constitutes part of the daily exercise regime needed to keep a dog healthy. It also provides exercise and companionship for the walker.Pet GroomerThis is an evolving career idea in the pet industry, which ensures that its practitioners and professionals groom pets especially dogs on their day-day lives and activities. This involves teaching the pet all that it is supposed to know from eating, drinking, playing, socialising etc.Pet Care Blogger-:In this era of computer age and technological developments. Many pet owners are in constant need of information, guidance and training on how best they can take good care of their pets.Pet Insurance CareerPet insurance pays, partly or in total, for veterinary treatment of the insured person’s ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen. As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their pets’ health care and standard of living than previously, the market for pet insurance has increasedLegal Services-:As a lawyer, if you are looking towards looking having a career in any country, then one of your best options is Germany as you can specialize in any field and you will thrive there.Online tradingThe world today is a global village, and it is now easy to trade online (i.e. buying and selling). A family can venture into this type of business and trade their stocks on offer to people on an online platform. Sites such as eBay and Amazon make it easy for people to dabble in e-commerce.If you start to sell other goods, focus on things you can get hold of easily, or are passionate about. And have an eye on the Christmas market: think about what will be selling well in a few months’ time. This is also a business idea for families to dabble into.AquacultureDelving into the fish farming business means that you must have knowledge about the business. While you might want to ask why it is important, this is so because you do not want to come across as a dullard who is in business. You can start out by carrying out a thorough research on the internet.Film Production BusinessEvery day block buster movies are being churned out and those who are the helms of affair when it comes to film production are doing all they can to see that great movies are produced. You too can join the bandwagon when you start a film production business. You do not need any qualification to join the train.Internet Radio BusinessIf you are interested in going into the internet radio business, then you should be conversant with the fact that it is a different kettle of fish from the traditional radio business – especially as the source for your internet radio business is a computer. Before starting this business, you should know what topics you would need to discuss to appeal to your target market, and what kinds of business you would be concentrating on.Graphic Design BusinessIf you are arts inclines and are looking for an arts related business to start, then you can look into the graphics design business. One of the good things about this business is that you can acquire the skills that is involved from the scratch and then expand on what you have learntGrocery Store BusinessGroceries are amongst the basic things that American’s cannot do without. Therefore, starting a business in this line would be the right step in the right direction. Good news is that starting this business isn’t a herculean task. What is more, you can be sure to get good returns on your investment.Gym BusinessFitness has always been a source of concern to Americans. This is because of the high rate of cancer that continues to ravage people. If you are a fitness and health enthusiast, then you can look towards starting a gym related business. You will need to have enough finance to equip your gym center.
What are the best low-investment startup businesses this year?
75 Ideas for Businesses You Can Launch for Cheap or FreeIt takes courage and dedication to start your own business, but not much cash.NEXT ARTICLE20 Business Ideas for Stay-at-Home ParentsNext ArticleBusiness Ideas You Can Do Cheaply Or For FreeIt takes courage and dedication to start your own business, but not much cash.hMurray Newlands•VIP ContributorToday, many people today are looking to leave the daily grind for something that feeds their passion. People do not want to retire at the age of 60 (or older) to look back on life and feel they have wasted it.Luckily, it is now increasingly easy to start a business from scratch without spending a fortune. Below, I've highlighted 75 varied business ideas you can start cheaply from the comforts of your own home. Some of the business ideas listed require nothing more than an internet connection, while others demand a level of licensing or a specific set of vocational skills...the choice is yours!1. Making ChatbotsI am quoted on Entrepreneur - Start, run and grow your business. as "ChatBot expert Murray Newlands commented that "Where 10 years ago every company needed a website and five years ago every company needed an app, now every company needs to embrace messaging with AI and chatbots." That brings opportunity and jobs. You can learn to make them for free without coding for companies.Chatbots are in and it has reached the point where every business needs one. Chatbots have become a huge opportunity for companies to engage with their customers, gather data, and improve their marketing and customer care efforts. You can start your own chatbot creation business easily and quickly without needing to code. I created the free to use tool Chattypeople.combut there are lots of others out there. All you need to do is:Read about bots and their functionsCreate an accountLearn about the company who needs a chatbotCreate their bot throughLaunch it through Facebook MessengerNo coding or long courses neededThe platform is great, as it:Works with Facebook Messenger and commentsCan push promotions to customers on demandRecognizes variations on trigger wordsCan process orders from FacebookIntegrates with all main payment processing platforms2. Bookkeeping ServicesAre you great with numbers and want to work from the comforts of home? To become a freelance bookkeeper, you do not need to be a Certified Public Accountant, but you do need to be good with numbers. There are lots of free to use online invoicing tools such as Sighted.com and online payments tools like Due.com. Some services you could offer include:Creating balance sheetsProviding income statementsCreating various monthly, quarterly, or annual financial reportsRelated: Looking for a New Payment Company? You're 'Due' for Some Good News.3. Personal or Virtual AssistantAlthough personal and virtual assistant jobs do not sound glamorous, they do pay well. If you have already held this job in an office, you will find the digital version allows for a lot more freedom. Use services like Upwork.com to find clients. You can choose:Your clientsYour hoursYour hourly, daily, or monthly pay rate4. Marketing ServicesMarketing does involve a certain level of background knowledge. That said, if you are not experienced, investing in an online course is not only cheap but will equip you with the adequate tools to start a solo digital marketing agency you could expand in the future. There are lots of new marketing fields opening up such as influencer marketing.Companies are always looking for freelancers able to provide marketing copy that is SEO-friendly and can transform website visitors into leads and, eventually, customers. In addition to offering optimized copy, you could offer to upload the content to their websites and improve their SEO further with:Meta descriptionsThe right titlesThe correct keyword densityTags and categoriesRelevant images with SEO captions and alt tags5. Social Media ConsultantWho doesn’t love Facebook, Twitter, and Instagram? Fancy yourself to be a bit of whiz but don’t have any formal training? Twitter and Google, among other platforms, offer complete professional courses with recognized certifications that require little to no money. Social media is also a business that has unlimited potential with a client base that can span across the world. This trend is unlikely to die soon, if ever, and new platforms are being released every year, making the possibilities for expansion limitless. You can use social media management tools to make your job easy.6. Affiliate MarketingAffiliate marketing is extremely easy to get into and involves you earning a commission by promoting other companies' products and services. Basically, you choose a product you like, promote it, and make a profit on each sale that stems from your marketing efforts. An affiliate marketing business is especially easy to start if:You have a blog or website of your ownYou can prove your success through visitor statisticsYou have already successfully undertaken affiliate marketing and can show this to your potential clientsRelated: The Affiliate Marketing Model: A Blueprint for Success in the Gig Economy7. Tester or ReviewerIndividuals or startups often look for people to review their products to encourage others to buy them. You can either get started with a profile on freelancing websites or approach companies directly, offering them a review in exchange for a monetary reward by becoming an influencer. Even better, if you have your own website or blog, you could write entire posts about their products, thus allowing you to charge more money in the long run and build a portfolio with tangible results to show future clients.8. Secretarial ServicesSimilar to virtual assisting, remote secretarial services require little to no experience. All you need is:Strong organizational skillsGood communication skillsGood time managementA high level of autonomyYour day-to-day tasks as a freelancing secretary will typically include:Booking meetingsOrganizing calendarsReplying to emailsPutting together presentationsAnswering phone calls9. Online Dating ConsultantHave you got a way with words? Or have you found your Mr. or Mrs. Right and want to share how you got there? You can become someone's wingman or woman and help them find love by becoming an online dating consultant. This type of consulting comes with a large level of responsibility, as you will be guiding someone's love life. Daily tasks include:Acting as an account manager on dating sitesWriting profilesOffering telephone updates on their matchmaking status10. Ebay Assistant or SellerAn Ebay assistant or seller is similar to being a marketing affiliate. The key difference is that instead of marketing the product, you are selling it directly to the customer. When selling for others on Ebay or any other platform, you will sell the product and keep a commission as compensation.Unfortunately, this type of job comes with risks. Commonly, scam artists attract Ebay sellers and use fake shipping papers to convince them to send payments. Unfortunately, even if you are scammed, you will be held responsible for your customers not receiving their items. Always remember to:Get to know the distributorKeep all payments in your e-wallet until the customer confirms having received the parcelReport any suspicious activityDo not share any of your banking details11. Application DeveloperNew applications are launched on a daily basis and if you believe you have the skills to create your own and a unique enough idea, you should do it! Aside from the fact that you will have to invest little to no money to get started, it is far less time consuming than the average 9 to 5. Once you have created your application, couple it with the right marketing strategy and you'll be making money in your sleep. The best part about developing applications is that you can do it from anywhere in the world.Related: 11 Ways to Make Money While You Sleep12. Website DeveloperWe live in a digital world where every business needs a website to drive their traffic to in order to make sales. If you have the skills, you could enter an industry that will never die. You can also start small by creating websites on platforms such as Wordpress. If you want to take your web-building skills to the next level, you can learn the language of website creation through Codecademy - learn to code, interactively, for free, where you will be able to learn how to incorporate personalized:Shopping cartsProduct pagesGalleriesBlogsServices pagesFeedback forms13. Internet Security ConsultantHacking, scamming, and viruses are just some of the security threats on the web today. If you know your stuff, you could make very good money consulting businesses, especially those who handle sensitive customer information and want to keep it as safe as possible.14. Graphic DesignerCompanies are always in search for branding that tells people about what they do. If you can follow company guidelines and customer needs, all you will need to get started is a computer and applications such as Photoshop or Illustrator. Types of media you will be responsible for creating include:LogosFliersNewslettersMagazinesInformation sheetsLettersAdvertisements15. Desktop PublisherDesktop publishers typically use publishing software to create:MagazinesBooksMarketing newslettersOther marketing materialsIn order to offer a full service, you could also write the content or hire a content writer and create your own small team.Related: Former Apple CEO John Sculley: The Most Valuable Lesson I Learned From Steve Jobs16. Designing Business PlansHaving a eureka moment is great, but it can be hard to put that idea down on paper in a way that will speak to a potential investor. If you have owned your own business in the past or earned a business degree, why not help those with a eureka moment start something they love? Plan your fee around the various packages you are prepared to offer your clients. You can either:Create an electronic copy that your client can customizeKeep a copy on file and continue customizing it according to their needsCreate various templates that you can show your customers and how you can customize the templates for them accordingly17. Tax ConsultantCompanies big and small pay good money to have their taxes prepared for them. It gives them a chance to focus on the everyday operations of their business. If you have the appropriate experience, you could set yourself up as a freelancer; however, by starting with a tax preparation franchise, you will receive courses, seminars, and training.18. Blogger or VloggerAre you an expert in a specific field? From travel, fashion, cooking, to DIY, and removal services, if you know how to do something particularly well, why not tell the world through a blog or vlog? All you will need is a computer and a good quality camera. You can make money by offering advertising space and reviews of products on your platform.19. Informational Product CreatorSimilar to blogging or vlogging, creating informational products is your chance to put your expertise in an e-book or some form of digital format and selling it to the online world. Find a niche that's not been overdone and start writing. You can sell your information piece on platforms such as Amazon Books.20. Resume WriterNo matter the experience, there are very few people that enjoy or are good at writing their own resume. Individuals pay very good money to have their personal statements put on paper for them. It will cost you nothing to get setup and once you get the hang of it, you should be able to average a good hourly or daily pay rate.Related: The Do's and Don'ts of the Modern Resumé (Infographic)21. Domain Name BuyerAs the name suggests, all you need to do is buy domain names you believe people will want and sell them for a profit. You will need to be able to:Identify profitable domain namesIdentify domain names that are memorableLearn about SEO and keyword optimization22. Flipping WebsitesFlipping a website is the art of buying an already existing website, improving it, and selling it. With the right web development skills, it is a very easy and cheap trade to explore. That said, you need to be able to identify websites that have the potential for improvement.23. TranslatorTranslating is one of the easiest and most profitable industries to delve into if you are proficient in more than one language. Sought out on a global scale, translators do not need any capital to get started and can earn a salary of $40,000 a year (minimum) depending on the size of the company you are hired by and the length of the contract they offer.Related: Global Business Leaders Speak Multiple Languages ...24. Financial AdvisorAlthough the number of people wanting to start their own business has grown, many still do not know how to organize themselves financially. Start by getting your Certified Financial Planner (CFP) certificate to show clients you are credible. On the other hand, if you already have the experience, you can start by advising individuals and then grow your empire to consult for larger organizations.25. Editorial ServicesAn editorial services business is easy to start, requires no initial monetary investment, and has a huge potential for expansion. From small and large businesses to authors and students, your client base could be endless. You can offer a variety of services, some of which include:CopywritingGhostwritingMagazine article writingNewspaper article writingWeb content writingProofreadingEditingIndexingBook writing26. Online Photo SellingIf you are a professional photographer or just have a deep-rooted passion for it, you can make money from your pictures on photo selling websites. All you need to get started is a camera, preferably a digital SLR with a minimum of 8 megapixels, and a computer. Once you have established yourself on websites such as Stock Photography, Royalty-Free Photos & The Latest News Pictures and http://Flickr.com, you can setup your own website with a list of your watermarked images and their price per unit.27. Meal PlanningThere are loads of people who love food but don't have the first clue about what to buy. They are either not very confident in the kitchen, don't know the first thing about a balanced diet, or struggle with maintaining a budget. As a meal planner, you would:Create a list of ingredientsCreate step-by-step recipes for your customers to followExplain the nutritional value of the meals to educate your customersExplain to them how they are saving money by sticking to your meal plansRelated: A Startup To Get You Cooking Healthy Meals: Cook-A-Box28. Patient Advocacy ServicesPatient advocacy services are extremely important to communities across the world. On a daily basis, you would be:Helping people track down hospitals for paperworkGather bills for insurance companiesArgue cases with insurance companiesPeople in need of these services are most likely ill or grieving, leaving them fragile and often unable to defend themselves. It is important they have the right support during this time in their lives.29. Ecommerce StoreIf you have a great product, but no money to invest in a physical storefront, staff, and bills, why not set yourself up online? Aside from the lack of huge monetary investment and time commitment, the marketing opportunities online are endless. Also, although a storefront is great for branding purposes, it does limit the size and scope of your audience. By setting yourself up with an e-commerce store, you can:Sell to anyone in the worldHave a store that is open 24/7 (meaning you literally make money in your sleep)Run promotions easily, whenever you wantCross-sell between your marketing and social media platforms and your websiteRun marketing campaigns through Google and other platforms30. Survey TakingAlthough you won't get rich doing surveys online, you may make a steady income if you sign up to multiple sites. These surveys take barely any time at all to complete and can normally net you around $150+. Some of the most popular survey-taking platforms include:MySurveysInboxDollarsGlobal Test MarketEarningStationHarris Poll31. Video ProductionThere are a number of ways you can use videography to create your own home-based business. There are so many people wanting to become YouTube celebrities who don't have the skills to upload high-quality, well-edited videos. Other services you could offer include:Vlog editingCreating music videosVoice-oversAdvertsRelated: 4 Tips for Hiring a Great Video Production Company32. Sustainability ConsultantBusinesses of all sizes are trying to find news ways to do their part for the environment by implementing greener practices. Unfortunately, many of the more eco-friendly options available today are also significantly more expensive, so business owners need someone like you who can advise them on how they can change their process without sacrificing their bottom line.33. Call Center RepresentativeMore companies are looking to hire call center representatives that are willing to work from home on customer care issues. All you need to get started is a computer and a phone line. Aside from the fact that you could earn a good base salary, you will not have any commuting expenses and can save money by cooking your meals at home.34. Direct Sales RepresentativeThe term "door-to-door sales" often puts off people because all they picture is getting doors slammed in their faces on a daily basis. That said, by working for companies such as Avon, Mary Kay, and Tupperware in the right areas, you could host very civilized parties in your home, allowing you to make money while meeting new people.35. Travel PlanningWith all the booking platforms available online today, anyone can book a holiday from the comforts of their home. But with so many different factors to compare, it can be overwhelming. Some of these include:FlightsCar rentalsHotelsRestaurantsToursActivitiesIf you have strong organizational skills and the knack for finding a good bargain, you could offer these services to others who have less time on their hands. Find the deals for your customers and add your surcharge for your services.Related: 11 Strategies for More Efficient Business Travel36. Online Custom TailoringPeople are increasingly conscientious about the way they look and with that comes the need for tailored clothing. One size does not fit all, and businessmen and women, in particular, want to look the part when they go into the office every day. The custom clothing industry is still relatively untapped, so starting a business now will offer you a significant potential for growth in the future. In addition to having their pieces delivered directly to their homes, you can offer customization of:FabricPatternsSizeFittingStitchingLining37. Currency TradingOnline currency trading is easier than ever thanks to the number of tutorial videos, online courses, and applications that offer step-by-step guides to becoming a currency trader. All you need is:Technical skillsFundamental analytical skillsA small amount of cash flowA phone, tablet, or computer38. Telemarketing ServicesMore and more companies are outsourcing their marketing efforts, and telemarketing is one of them. As a freelance telemarketer working from home, you will be setting appointments with customers and creating warm leads for companies. The amount you charge will depend on the size of the company you are working for, and the project they want to allocate you.Related: The How-To: Using Chatbots As A Tool For Customer Service39. Referral ServicesAre you the person that all your friends and family call when they're trying to find a good restaurant, lawyer, carpet fitter, or gardener? If that's the case and you love referring them to all the lovely businesses you know of in your neighborhood, you could start a business doing just that. You'll be able to work with individuals and businesses, helping customers find what they want, and businesses gain more clients. To get started, you will need to:Gather a list of businesses you want on your referral listsSell them the benefits of being on your listPlace ads online and in the Yellow Pages to gain customers40. Event and Project PlanningEvent and project planning can be done remotely, but having a hands-on approach and offering your services in your local area will be more beneficial to you from both a quality control and monetary point of view. You can start this business from the comforts of your home and meet with clients in restaurants, cafes, or at their office or home.Related: How Event Management and Analytics Gave This E-Vite Company a Boost41. Professional PhotographyWhether it is a wedding, family event, or a business' marketing materials, people pay good money for professional photography. Unless you feel the need to sign up for an online course, the only monetary investment you will have to make is for a camera. Establish your daily fee and remember to keep into account your travel expenses.42. TutoringHave you worked as a teacher before? Are you proficient in a second language? Have you studied math, science, or any other subject? If so, you could tutor adults and children, provided you have the right paperwork for child protection reasons. It will cost you very little to get setup and you can offer your services at people's homes.43. Computer TrainerThere are a number of seniors wanting to learn how to use computers and the internet, meaning that if you are proficient in both Mac and PC, you could offer your services in your neighborhood. Be warned, most will not be as passionate about computers as you, so they will only want to learn basics, such as emailing and using an internet browser.44. Property ManagerAs a property manager, you will be responsible for ensuring your clients' properties are running smoothly. You will also be the primary contact for tenants and will be responsible for making sure the properties you manage are safe and well-maintained.45. Home InspectorThis job may sound like it is just a matter of looking around people's homes, but it actually requires a high level of expertise. You will need to learn about the new products that are constantly appearing in the market and stay updated with any changing laws. Networking and building positive relationships with your local real estate agents will give you the best chance of success, as they will recommend your services to others in your area.Related: Need a Business Idea? Here are 5546. Courier ServicesYou may be thinking “that is what the mail room is for”, but in actuality, businesses in busy areas often use local courier services, as they can offer more flexible pickup and drop-off times. Because of the specific services you are offering, you will also be able to charge more.47. Life Coaching or MentoringIf you have a proven track record in a particular field, can prove past success, or have trained in matters of the mind, life coaching or mentorship could be for you. People, especially soon to be entrepreneurs, seek guidance through mentorship and life coaches. You can setup your services from the comforts of your home with no monetary investment.48. Massage TherapistThe licensing to become a massage therapist varies according to the state in which you reside, but if you have a passion for health-related activities, you could take a masseuse course and set up a clinic from the comforts of your home. Once you have completed your course and gained your license, you will have to invest in a massage bed as well as the appropriate oils and massage products.49. Personal TrainerFancy yourself as a bit of a fitness fanatic? Then why not channel that energy into a course where nutrition and the anatomy of the body are also covered? With this, you can train novices from the comforts of your home or through your local gym.Related: This Entrepreneur Lives in the Back Room at a Gym While Building His Business50. Personal ChefAs a personal chef, you will spend your days cooking for people who do not have the time to do so themselves but do have the money to pay someone to do it for them. If you want to stand out from the crowd, offer meal plans that suit various dietary requirements, such as:Gluten-free, lactose-free, or egg-free mealsVegan and vegetarian dishesMeals for those with diseases, such as coeliac51. Cleaning ServicesCleaning services are easy to offer and require no training. You can either:Offer discounted services, provided they have the necessary cleaning products onsiteOffer a more expensive service that includes you bringing your own productsAlso, you can take your business in various directions by targeting different clients. Possibilities include:Cleaning offices or shops in the eveningsCleaning restaurants or people's homes during the dayProviding morning housekeeping services for hotels52. Dog Walker/Trainer/GroomerIn some places, dog walking alone can be a very profitable business. Those working from 9 to 5 either do not have time to walk their dogs before leaving the house or just prefer it if someone comes in to let them out of the house for some exercise. Also, dog walking businesses that offer additional services are becoming increasingly popular. Consider also offering:TrainingGroomingDogsitting53. Packing ServicesIf you have an eye for the little details, a packing service business could be your calling. When someone moves out of their home, they pay for removal services to take their belongings from their old house to their new one. But the process of packing all their belongings into boxes in the first place is extremely time-consuming. Why not offer people your time to do this for them while they are at work or busy running errands?Related: How Technology is Infiltrating the Old-School Shipping Industry54. Laundry ServicesIf you are looking for a way to make money at home without the need to learn new skills, home-based laundry services are easy to offer with the possibility for expansion in the future. The most complex part of the process will be establishing whether or not you need licensing to start this business from your home. This will depend on your location and the size to which you plan to grow your empire. Otherwise, all you need to do is:Keep track of your sales, expenses, taxes, and general bookkeepingEstablish how much you will chargeDecide on how the payment process will take place (e.g., before or after you complete the service; in cash, or via card, bank transfer, etc.)Create a website and other marketing materials to get your name out there55. CaregivingTo become a caregiver, you will have to undergo professional training and acquire various certifications and health and safety diplomas. That said, if you've have cared for a parent, sibling, or friend in the past and feel this is something you want to pursue, it is a business you can set up cheaply. You can not only choose your clients but also your working hours. Daily tasks as a caregiver will vary; however, you will often be expected to:CleanWashDo laundryPrepare mealsTake your patients outdoors for fresh airDo their shoppingPotentially dress and feed them56. Landlord or Bed and BreakfastYou do not have to own a huge building with multiple rooms to start your own bed and breakfast. If you have a nice, clean home with a spare room, why not advertise it? Websites such as Airbnb make it easy for people to rent out the spare rooms in their homes. You can even charge more by offering:Food and beveragesCity toursLocal experiencesHousekeeping servicesBy offering your customers something unique, you will find the experience gratifying and profitable.Related: What 70 Airbnb Stays Can Teach Anyone About Running Any Business57. Personal ConciergeYou are probably thinking that being the concierge to the executive of a big company will be a piece of cake, think twice. Although you will make good money being someone's personal concierge, it is a very challenging job in which you will be expected to deliver what has been asked of you, on time, with a smile. That said, you will normally be paid very handsomely for your services.58. Grocery Delivery ServicesBig supermarkets do offer this service, but delivery prices are often very high or the food is warm or bruised when it arrives at the customer's home. If you own a large car, you could become people's personal shopper. Some people do not have time to run errands after a long day at work and others may not have the physical capacity to do so, so why not do it for them? You could also couple this service with others, such as:Being a conciergeOffering cleaning servicesDaily or weekly dog grooming, walking, and training servicesBeing a caregiver59. Lawn Care and GardeningAlthough you will only be able to mow lawns for a limited time of the year, gardening services span throughout the 12 months. You can set up your own business with services, such as:LawnmowingGardeningRakingSnow removalHerb farmingHerb farming can be offered as a service across most parts of the world. Whether you are in an urban or rural area, herb gardens take up very little space.60. Babysitting ServicesBabysitting may not sound like a profitable market to enter, but you'd be surprised how well you can get paid if you have the right experience, certifications, and licenses. Although formal training is not required, this can teach you all the procedures in the case of any emergency. There are also a number of families offering service work as a:BabysitterNannyTutorAu pairRelated: 8 Tips for Anyone Starting a Child-Care Service61. Childproofing ServicesChildproofing is a trade that many do not think of these days. But every family with a newborn baby or small child wants to provide a safe home for them. There are so many areas of a home that can be dangerous, from sharp corners to stairs. A childproofing business is very cheap to startup, but you may be required to follow certain state regulations, depending on your location. To understand all the ins and outs of the industry, you may want to undertake an internship in the field before setting up shop.62. Digital Media ConversionHave you ever thought about what happens to all the old CDs and DVDs we use to use to listen to music and watch films on? Well, the answer is, often nothing. For those who have only just started using the internet to download, purchase, and listen to music, their CDs are wasted. If you know how to transfer this media to a computer, you could be doing the tech-phobic and those with little time on their hands a serious favor. Offer your services on forums, social media, or flyers. You may even end up with customers with more general tech needs on a long-term basis.63. Personal Driver or Taxi ServicesThis is an especially easy business to start if you live in an urban area, as many businessmen and women prefer having a driver to go to and from work in order to make calls, schedule meetings, and generally work on the operational aspects of their companies during that time. On the other hand, if you are looking to start a business that is more like a taxi service, why not become an Uber driver? To become an Uber driver, you need:A decent carA clean driving recordA smartphoneTo be 21 years or olderAt least 3 years' driving experienceA background checkSome of the main benefits of being an Uber driver are:You can create your own scheduleYou don't have a real bossYou will benefit from “surge pricing” regularlyYou'll meet new people every dayRelated: 5 Lessons Learned From the World's Greatest Uber Driver64. Hairdressing or Makeup Artist ServicesIf you have worked in a salon before or just know how to cut hair but do not have the capital to open your own business, you could start one from home. All you need to do is make sure you comply with all your state's requirements for opening a salon in your home. That said, once you've got yourself up and running, you could earn anywhere from $22,500 and up. You could also offer other beauty treatments, such as:Hair coloringHair extensionsManicure and pedicuresMakeupMassages65. Interior DesignerBoth homeowners and business owners look for interior design and home decorating services in order to make the vision for their space come to life. Having a degree or certification will help you understand the different functions of a home or office, but it is not legally required in most places. You will be able to do most of your research from the comforts of your home, but you will need to get to know your client in order to understand how they want to use the space. Consider asking questions like:Is it for adults or children, or both?Does the space need to be pet-friendly?What is the purpose of the room?66. Tour GuideMany tourists like visiting new places with a guide. It allows them to ask all the questions they want and get a real local feel of the place they are visiting. If you know your town like the back of your hand, why not charge people for tours? You can create packages that include:Walking toursTaxi services to and from their hotelsBreakfast, lunch, or dinner at a local restaurant67. Bridal ConciergeThe wedding industry is one that will most likely live in perpetuity. This is meant to be a special day for a couple but often turns into a chore because of all the planning that comes with it. Because it is nearly impossible for brides and grooms to be able to enjoy the planning of their wedding, they often pay professionals to do it for them. If you have strong organizational skills, are communicative, pay attention to the little details, and love weddings, then you could set up shop from the comforts of your home. To get started and build a portfolio, offer your services to a friend or family member. From there, you can start charging other clients.Related: What You Can Learn About Ecommerce From Used Wedding Dresses68. House and Pet SittingPeople who go away on holiday often worry about whether or not they will come back to an intact home, especially if they have pets. This type of business requires little to no monetary investment. Start by approaching:FriendsFamily membersNeighborsAs your house and petsitting business gets on its feet, think about marketing yourself to your local community by:Designing business cardsLaunching a websiteHanging flyers in your areaAdvertising in the Yellow Pages69. Senior Home CompanionThe minimum life expectancy is becoming later and there are now more than 45 million people in the United States who are 65 years old and up. As people age, they need more help with their day-to-day activities and may also appreciate some companionship.70. Electronics Repair ServicesThe 21st century has led the majority of people to own at least one electronic device, if not multiple. Although many insure their products, most still prefer to get a quick fix rather than sending it off for a long time before getting it back. This type of business has room for expansion, and you can offer repairs for:AppliancesComputersCamerasPhonesSpeakers and musical equipmentTelevisionsGaming devices71. Upholstering ServicesIf you're good with your hands and have a particular love for sewing, why not train as an upholsterer? There are a number of ways you can learn the upholstering trade, including:A courseBooksYouTube tutorial videosPracticing on old furnitureThere is also significant potential for expansion. Often people who need upholstering services also need their furniture repaired, so why not learn to repair furniture as well? You could also team up with a company who does repairs and add these costs to your customer's final invoice.72. Auto RepairsYou can start an auto repair shop from the comforts of your home if you have a garage and the right tools. On the other hand, if you don't have the space to open a business from home but do have the tools, you could open a mobile auto repair shop where you travel to the location of the vehicle in need of repair. There is also the option to start your own car wash and detailing shop. You don't need to have any mechanic skills, just a keen eye for detail and a love for getting your hands dirty. This is a very rewarding business that can become extremely profitable with the right promotion.Related: How to Find the Right Tech Talent (for the Non-Tech Entrepreneur)73. Bicycle RepairAlthough a bicycle repair service can be seasonal, there are opportunities to tap into multiple markets so that you can have an income year round. For cyclists who just use their bikes to go to and from work, offer general repairs and maybe storage facilities during the winter months. If you want to attract cycling fanatics, you can offer year-round repair services. A Saturday shop in the right location is the perfect way to gather a bit of a crowd that will surely spend hours discussing their common passion.74. Menu Planning ServicesThe restaurant chef is not the only person that has a say on what goes on the menu. High-end restaurants often find themselves indecisive when it comes to the food they want to serve, especially as seasons change. A menu planning business is a very low-cost idea but is perfect for those who love to work with food without any direct involvement in preparing or serving it. Many places are willing to hire a consultant to design their seasonal menus so visit local restaurants and make them aware of your culinary skill set.75. Home Daycare ServicesFirstly, you will definitely need the appropriate licensing and permits to start a home daycare business. That said, if you love children; have worked with them before; and have friends, neighbors, or family who take their young children to nurseries while they are at work, then starting your own home daycare business could be very profitable. When getting licensed, you will need to:Research the requirements according to your state's lawsGet the correct orientationsSubmit your applicationGet your trainingBuy the necessary insuranceHave your home inspectedFinally…It may seem daunting to leave your 9-to-5 grind and start your own business, but by doing so, you are giving yourself a newfound level of freedom while doing something that feeds your passion(s). The internet has made it increasingly possible for you to brush up on your skillset or even learn new ones, leaving you with the opportunity to start a business easily and cheaply.i hope that could be more help
How do I start a retail business in Philippines?
Are you interested in starting a business in Philippines online? If YES, here is a complete guide plus legal requirements for starting a business in Philippines as a foreigner.Okay, having provided an in-depth analysis of the top 50 best small business ideas in Philippines and a series of industry-specific sample business plan templates; we will now analyze in detail the legal requirements, market feasibility and every other thing it takes to start a business in Philippines. So put on your entrepreneurial hat and let’s proceed.The Harsh Truth About Starting a Business in PhilippinesStarting a Philippine business as a foreigner is complicated, and it is difficult to find accurate information or advice. Equally, most documents governing business activities (i.e. the Constitution, SEC rulings, Supreme Court rulings, etc.) are not well indexed on the internet, so self-educating yourself is inherently flawed.Generally speaking, the Philippines have restrictions on the percentage of equity foreigners can own of a domestic/Philippine corporation. This fact is widely known, but the details are not easily understood. It is not easy to fully explain in a blog post either. I highly recommend you speak to a lawyer about the implications of the law on your business. The law is very prescriptive, so it likely has some impact of you.The information below may however come in handy for you.Starting a Business in Philippines as a Foreigner – A Complete GuideGeneral OverviewAs a newly industrialized country, the Philippines is still an economy with a large agricultural sector; however, services have come to dominate the economy. Much of the industrial sector is based on processing and assembly operations in the manufacturing of electronics and other high-tech components, usually from foreign multinational corporations.Agriculture employs 32% of the Filipino workforce and this is according to World Bank statistics. Agriculture accounts for 12% of Philippines GDP as of 2013, according to the World Bank. The type of activity ranges from small subsistence farming and fishing to large commercial ventures with significant export focus. The Philippines is the world’s largest producer of coconuts producing 19,500,000 tons in 2009.Coconut production in the Philippines is generally concentrated in medium-sized farms. By 1995, the production of coconut in the Philippines had experienced a 6.5% annual growth and later surpassed Indonesia in total output in the world. The Philippines is also the world’s largest producer of pineapples, producing 2,198 thousand metric tons in 2009. Other products include rice, rubber etc.The Philippines is also a major player in the global shipbuilding industry with shipyards in Subic, Cebu, General Santos City and Batangas. It became the fourth largest shipbuilding nation in 2010. Subic-made cargo vessels are now exported to countries where shipping operators are based. South Korea’s Hanjin started production in Subic in 2007 of the 20 ships ordered by German and Greek shipping operators. The country’s shipyards are now building ships like bulk carriers, container ships and big passenger ferries. General Santos’ shipyard is mainly for ship repair and maintenance.Facts and Figures That Will Interest as an Investor/Entrepreneur in PhilippinesIf you are a Filipino expatriate (expat) who wants to start business in the Philippines or a foreigner who wants to invest in Philippine business, there are few things that you need to know about the business laws and regulations in the Philippines.Be sure to take of these things to save you from business headache and lawsuits that could result from ignoring them. Here are some points that you need to consider:A foreigner cannot form a solely owned business in the Philippines without a heavy investment (for a corporation, you are looking at USD$200,000).A foreigner can have up to 40% ownership in a corporation – minimum capital to start a corporation is only Pesos 5,000 (approximately USD $1,000).The best way to be in business in the Philippines is to be married to a Filipina who holds ownership of the proprietorship, or form a corporation with a Filipina spouse with you owning 40% and she owning 60%.You also enter into a corporation with 40% ownership with a Filipina girlfriend or a Filipino friend – but consider the huge risk of having no control over your fellow majority stock owner(s).Depending on the purpose of the corporation (such as purchase of a real estate – land or house), it might still make sense that when the property is sold you would be entitled to your share of the proceeds.There is one exception whereby you CAN become a 100% owner of a corporation and that is if the corporation is formed to purchase land, or your other shareholder is your spouse, and she dies. Under this arrangement, as the heir to your deceased spouse, you are able to retain 100% ownership of the property.Factors that Encourages You to Invest in PhilippinesThis nation is becoming attractive for investment, experts say, as the economy grows and large corporations expand operations there. When it comes to emerging markets, the average investor is focused on Brazil, Russia, India and China – known as the BRIC countries. But some smaller developing countries are also worth a look as they pull ahead in terms of economic growth and attract booming industries.One notable example: The Philippines grew its gross domestic product 7.2 percent in 2013, and the country has trumped India as the leading destination for call centres. Large corporations including JP Morgan Chase and Procter & Gamble recently expanded operations there.Unlike residents of many other emerging markets, Filipinos speak English fluently, and the country supplies low-wage workers that appeal to large companies growing their operations overseas. These factors make the Philippines an attractive area.What sets [the Philippines] apart is an improved political environment. President [Benigno S. Aquino III’s] reform agenda has paid dividends in the last couple years,” “They imposed new taxes, such as sin taxes on tobacco and alcohol, raising money that can be redeployed into infrastructure.”New infrastructure attracts global businesses and bodes well for the Philippines’ tourism industry, which is underdeveloped. The country has also been insulated from some of the effects of international market downturns thanks to the number of remittances it receives from citizens living abroad.Starting a Business in Philippines – Market Feasibility ResearchThe Economy of the Philippines is the 39th largest in the world, according to 2015 International Monetary Fund statistics, and is also one of the emerging markets. The Philippines is considered a newly industrialized country, which has an economy transitioning from one based on agriculture to one based more on services and manufacturing. In 2016, GDP by Purchasing power parity was estimated to be at $811.726 billion.Starting a Business in Philippines as a Foreigner – Legal AspectLicense and Permits You Need to Do Business in PhilippinesPeople do business to make a living, serve their community, and pursue their dreams. It is good to hear a person who’s taking risk to start his or her business, whether small, medium or big. However, the process of starting and registering a business can be one of the most crucial stages of doing business.Getting the right permits and licenses should be done before running a business; otherwise, you may end up operating a business without a license, which can be punishable under certain business laws. That is why if you are an aspiring business person or entrepreneur, and if you want to conform to the government’s rules on establishing and legalizing a business, you have to be aware of the following list of business permits and licenses in the Philippines.Barangay Clearance – The barangay clearance is a certificate that your business complies with the requirements of the barangay where your business is located. To get a barangay clearance, you may visit the barangay office where your business is located.DTI Business Name (BN) Registration Certificate – This is the certificate of registration of your business trade name. It gives you the power to use your registered business trade name for business operation. It also protects your business name against being used and registered by other business establishments.SEC Certificate of Registration – Corporations (stock or non-stock) and partnerships have to secure a certificate of incorporation or certificate of partnership with the Securities and Exchange Commission (SEC) to be considered as legal or juridical entities. These certificates are also used as a requirement for registering with the BIR, Mayor’s Office, and other government offices. Take note that sole proprietorship businesses are not registered with SEC, but they are registered with the DTI.Mayor’s Business Permit– Businesses have to secure a Mayor’s Business Permit or the Local Government Office where their business are located and operated. Requirements in obtaining a Mayor’s Business permit vary from different cities or municipalities. This permit is also a requirement by the BIR in issuing a BIR certificate of registration.BIR Certificate of Registration. Any business must be registered with the Bureau of Internal Revenue to comply with the Philippine tax requirements. BIR registration will assign a TIN (Taxpayer Identification Number) to the company or business owner, will give the business authority to print its official receipts and invoices, and registered its books of accounts.SSS Employer’s Registration. Republic Act No. 8282 or otherwise known as the Social Security Act of 1997 requires businesses or business owners who use the services of another person or employees in business, trade, industry, or any undertaking to be registered with the SSS (Social Security System).PhilHealth Employer’s Registration. All businesses and employers are also required to register with PhilHealth to enable them to provide social health insurance coverage to their employees.Pag-IBIG Employer’s Registration. Employers also have to register with the Home Development Mutual Fund (HDMF) to secure their Pag-IBIG Employer ID Number and to provide the required benefits to their employees, who should be Fund members.DOLE Registration. Businesses with five or more employees are encouraged to register with the Department of Labour of Employment (DOLE) for the purpose of monitoring their compliance with labour regulations. For companies with 50 or more workers, they are required to register with DOLE, under the Bureau of Local Employment which administers the registration of establishments.There are maybe other business permits that are required for certain types of businesses aside from what we have listed and mentioned above. Moreover, please remember that legalizing your business doesn’t only extend to registering it and securing a license or permit.The Best Legal Entity for Starting a Business in PhilippinesSole proprietorshipThis is a business structure owned by your spouse who has full authority in her own name and owns all the assets. However, she also will owe and answer personally to all liabilities or suffer all losses, but enjoys all the profits. It is easy to form and simple to register with the government.PartnershipThis is a business structure owned by two or more partners. One with more than Pesos 3,000 capital has to register with the Securities and Exchange Commission. All the partners have unlimited personal liability for the affairs of the business. There is no benefit to you as a foreigner with this form of ownership by your spouse.CorporationThis is the preferred form of ownership if the business is going to be anything larger than a small hobby type business. For a small business, you are best off just being in a sole proprietorship – due to the low cost and ease of formation and its relative freedom from regulation by the government.However, for a business of any significance (a real estate ownership business, a franchise, a significant manufacturing or export business, etc.), this is definitely the preferred form of ownership, and you as the foreigner can retain up to 40% ownership.Minimum paid up capital requirement for a Philippine business is Pesos 5,000 and it is regulated by the Securities and Exchange Commission. The shareholders/owners liability is simply limited to their amount of the share capital. There must be at least five (5) incorporators, each of which must hold at least one share. So what you do, for example, is issue 56 shares to your spouse, 4 shares to her relatives, and 40 shares to yourself.Legal documents You Need to Run a Business in PhilippinesSEC registration – for registering as a partnership or corporationDTI registration – for registering your business trade name (BTR)Mayor’s business permit – for getting the license to operate in the city or municipality and payment of your local business taxes.BIR registration – for getting TIN, official receipts and invoices, registering your books of accounts, and paying your national internal revenue taxes (Income tax, VAT or Percentage Tax, Withholding Taxes, etc.).SSS, PhilHealth, and Pag-Ibig Fund registration – for registering yourself or company as an employer and for remitting your employees’ contribution together with your employer’s share.Usually, the BIR and the City/Municipality Office require the certificates of registration with the SEC or DTI before a business can be registered with them. Thus, you need to register through those offices to start commencing your business.List of Government Agencies and Parastatals that are In-charge of Registering businesses and Issuing Licenses and Permits in PhilippinesBIR (Bureau of Internal Revenue)Who needs to register?IndividualSole ProprietorshipCorporation/PartnershipIt all starts with the BIR. You cannot operate your business without your business tax identification number (TIN). You need to do these at the BIRRegister your business establishment and all its branch offices, if any. You do this at the BIR Revenue District Office (RDO) in the place where your business is located. Once you obtain your Certificate of Registration, you must display it in a conspicuous place within your business establishment.Register your books of accounts. You accomplish this at the same RDO.Request for permit to print and issue receipts and invoices. You must thereafter post a notice in your business premises stating that your establishment issues receipts; and that if no receipt is issued by the cashier, then the customer must ask for one.DTI (Department of Trade and Industry)-: Before you can conduct business in the country, you need to register a name associated to your business. This is called business name registration (BNR). This is required if a person will use a name other than his true name.SEC (Securities and Exchange Commission)The SEC is an agency under the Philippine Department of Finance that is responsible for regulating the securities industry. It supervises all registered business entities in the country (with the power to suspend and revoke registrations), investigate violations of securities laws and impose sanctions, and make policies with regard to the market in securities. It also supervises stock and bond brokers as well as the stock exchanges.PEZA (Philippine Economic Zone Authority) /BOI (Bureau of Immigration)PEZA is handled by the Department of Trade and Industry. The PEZA and BOI are focused on businesses that are export-oriented, specifically in designated Special Economic Zones. The BOI is the primary agency responsible for investment promotion in the country and offers a wide range of incentive schemes for both Filipino and foreign investors.Local Barangay-: You need to secure a company barangay clearance first in the barangay where your business will be operating. It is also a requirement when registering for a Mayor’s Permit.City HallA Business Permit is sometimes also referred to as a Mayor’s Permit, because it is processed at the City Hall – the office of the mayor. Securing a business permit from the Mayor’s Office can only be done after accomplishing two other registrations: The registration of your business with the Department of Trade and Industry or DTI (for single proprietorship) or with the Securities and Exchange Commission or SEC (for partnership or corporation.SSS/PHILHEALTH/PAG-IBIGThe term “employee” denotes any person legally employed in the Philippines, any person compulsorily covered by the GSIS under the Commonwealth Act 186, or any person compulsorily covered by the SSS under Republic Act 1161. Such employee is automatically covered for these government mandated employee benefits. This includes self-employed individuals or freelancers.Taken from Starting a Business in Philippines as a Foreigner I hope this guide will help you.