The Republic of the Philippines is a Southeast Asian country, located on the Pacific Ocean and member of the ASEAN. It is formed by an archipelago made up of 7,107 islands, divided in three islands groups: Luzon, Visayas Islands and Mindanao. To the north is separated from the island of Taiwan by the Strait of Luzon, to the west from the South China Sea and Vietnam, to the south, the island of Borneo, to the south the sea of Celebes separates it from other islands of Indonesia and to the east limits with the Philippine sea. Its location in the Pacific’s fire belt and its tropical climate make it a a place prone to earthquakes and typhoons.
It has a population of over 102 million inhabitants, being the 12th most populated worldwide. In addition of 11 million Filipinos that live abroad. Its capital is Manila, located in the island of Luzon. Metro Manila is the most populated metropolitan area in the Philippines and the tenth in the world, with a population estimated at 20.5 million, which includes Quezon, its most populated city. Its official languages are English and Filipino besides 8 regional languages. Its official currency is the Philippine Peso (PHP).
The economy of the Philippines is the 35th most powerful economy in the world, with nominal GDP estimated at US $ 348 billion by 2017. The main exports are semiconductors and electronic products, transport equipment, clothing, copper products, oil, coconut oil and fruits. Its major industries are the automotive, shipbuilding, aerospace products, mining and business process outsourcing. Tourism is one of its fastest growing sectors, currently accounting for more than 10% of its GDP, with 5.3 million visitors in 2016.
At Flag Theory, we find strategic global locations to increase privacy, freedom and wealth. Below you can learn on why and how to get residency and citizenship in the Philippines, why and how to do business and set up a company, investment opportunities and banking options in this Southeast Asian country.
Top countries to make the most of your retirement (and have a high pace of life) Retirement visa programs, cost of living and taxes Currently, retiring overseas is a growing trend among Westerners. There are several
What is Dual Citizenship and Why is valuable? What is Dual Citizenship? Dual Citizenship / Nationality is a citizenship status in which an individual is a citizen of more than one country at a time. Why
Complete list of countries to obtain citizenship by naturalization Most countries around the world allow for persons who have lived in a country for a certain period of time to apply for naturalization. It’s only
I am a Digital Nomad – Where should I set up a company? I’m location independent – Where should I incorporate a company? This article is for the digital nomads, business backpackers and digital gypsies
Tax Free in Philippines Manila. Traffic. Beautiful Beaches. Boracay. Pork Sisig. The Land of Single Mothers. Angeles City. Cebu. Outsourcing. Davao. Spanish Gold. San Miguel. Pinoy. Pinay. Pirates. Palawan. The Last Frontier. The Philippines. I’ve
7 Emerging Economies That Could Make You Rich Wealth through value creation. Opportunity from solving problems. That is what business and entrepreneurship is about, and right now we live in the best time in the