The Philippines has a highly developed financial services sector with many global and commercial banks providing a full suite of business services.
Regulations have been put in place to ensure that your investments are protected. There are few requirements for foreign nationals setting up bank accounts in the Philippines, making your investment journey seamless at every stage.
We passed extensive legislation to give you the peace of mind you need to start your investment journey. We grant foreign investors the following legal protections:
There are more than 45 commercial banks with offices throughout the country, all fit to meet your business needs. All banks are covered by legal protections and foreign nationals are free to set up accounts at any of the leading banks listed below:
If you wish to continue banking with your home bank, there are many international banks registered in the Philippines. An overview of these is provided below:
Setting up a bank account: Opening a bank account in the Philippines is simple. Once you have chosen an accredited bank, most demand only basic requirements such as valid identification and proof that you have registered and incorporated your company.
There are many insurance companies in the Philippines that cover businesses in all industries. Global insurance companies can offer the following types of insurance for your company:
Any of the accredited insurance brokers here can assist you in securing the necessary insurance for your business.