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How Much Does Setting Up a Serviced Office in the Philippines Cost?

How Much Does Running a Business in a SERVICED OFFICE IN THE PHILIPPINES COST? Serviced Office Rental $295 to $492/seat Estimate: $4,200/month (10 workstations in a high-grade building in Makati or Fort Bonifacio/Bonifacio Global City CBDS) Employee Wages Minimum Wage (blue-collar): 24 $10.37/day or $207/month Fresh Graduate (no previous job experience): $325 - $418/month Experienced Employee (1 - 3 years of job experience): $465 - $581/month Supervisory Level Employee (5 years or more): $813 - $930/month Estimate: Managerial Level Employee (8 years or more): $1046 - $1162/month Assuming a startup call center with 1 supervisor and 9 fresh graduate agents, employee wages would cost $3738 a month. Employee Benefits Social Security Contribution: 6.9% of employee's monthly wage Health Care: $1.16 to $8.72 depending on employee's salary range U+ Night Shift Differential Pay: Plus 10% of regular wage for work performed from 10:00 PM to 6:00 AM Estimate: 13th Month Pay: 1 month pay which must be given not later than December 24 of every year Assuming a startup call center (night shift) with 1 supervisor and 9 fresh graduate agents, employee benefits would cost $829.5 a month. Taxes If accredited by the Philippine Economic Zone Authority (PEZA)**, I 0% Income Tax for the first 4 or 6 years (depending on project type) 1 5% Special Tax on Gross Income and exemption from all national and local taxes (upon expiration of Income Tax Holiday) - Tax and duty-free importation of equipment and parts - VAT zero-rating of local purchases of goods and services* *subject to compliance with Bureau of Internal Revenues and PEZA requirements **ask KMC Solutions about PEZA accreditation - 0% expanded withholding tax Utilities Electricity Water No need to worry about utility bills when you locate in a serviced office. Internet Telephone Estimated Total: $105,210/YEAR (IT industry/call center, 10 employees, above average serviced office space, PEZA-accreditation)

How Much Does Setting Up a Serviced Office in the Philippines Cost?

shared by kmcmaggroup on Oct 30
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How much does it cost to start your own business in the Philippines? At $100,000, you can already hire 10 employees, including a manager and a team of experienced agents and locate in a premium office space.

Publisher

KMC Solutions

Writer

Caren Mercado

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Category

Business
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