Why Choose the Philippines as an Outsourcing Destination

Why Choose the Philippines as an Outsourcing Destination Here are several reasons many companies from all over the world choose to outsource business processes to the Philippines. ш Ш It's a destination for both work and play. Apart from having world-class equipped with infrastructure, ПОП facilities technological the Philippines boasts the latest of beautiful beaches and historical sites where investors can enjoy luxurious relaxation and fun activities. It has a large pool of talent. The Philippines produces hundreds of thousands of graduates every year and it is the third largest English-speaking country with a literacy rate of 94.6%. It serves as a doorway to other business hubs and opportunities. The Philippines is located right in the middle of eastern and Western businesses and can serve as the entry point to the rest of Asia. With the structure of the ASEAN Free Trade Agreement (AFTA), strategically, the Philippines will be the ideal location for organizations that want to transact with the ASEAN market. Labor rates are considerably lower. Wages are typically less than a fifth of salaries in the United States. Local communication, electricity, and housing costs are also 50% lower compared to US rates. It is a business haven. The government fully supports the outsourcing industry by implementing programs that will further improve the business environment of the country. Tax breaks are also provided, especially for organizations that operate in Special Economic Zones (ecozones). MICROSOURCING http://www.dti.gov.ph/dti/index.php?p=137 ---