What is the recommended business type for foreigners in your country?

[Kirubel]

There are different types of business ideas and business types around the world, and some times those business types are completely different from country to country, and when a foreigner wants to invest in one country they need to study the business types and demand of those business they are planning to run in foreign countries, in my country many foreigners are working a construction business, car assembling and smart device assembling business. what about in your country which business type is good for foreigners?

 

[Starmix]

Foreigners coming to Philippines can never do business. Their entry is shown in their passport as a tourist and not business. They can't get a business permit because they are not residents.

 

[Kirubel]

Foreigners coming to Philippines can never do business. Their entry is shown in their passport as a tourist and not business. They can't get a business permit because they are not residents.

What?? really, that is so odd, in my country foreigners can do business in my country but they need to have a license to start a business, and the government always promote the business areas for those foreigners and askes them to come and invest.

 

[Starmix]

What?? really, that is so odd, in my country foreigners can do business in my country but they need to have a license to start a business, and the government always promote the business areas for those foreigners and askes them to come and invest.

Only those whose visas are about business and whose entries are legal. There are foreigners here doing business but they are already in my country since birth.

 

[Kirubel]

Only those whose visas are about business and whose entries are legal. There are foreigners here doing business but they are already in my country since birth.

Wow, so no one can come to your country and start a business right? does that help with the inflation and also with the development of the country?

 

[Starmix]

Wow, so no one can come to your country and start a business right? does that help with the inflation and also with the development of the country?

I don't know but so far in the city where I live I can see Indians Chinese, and Taiwanese merchandisers. But they're already Filipino citizens after passing the requirements for residency. They're now speaking our dialect.

 

[Kirubel]

I don't know but so far in the city where I live I can see Indians Chinese, and Taiwanese merchandisers. But they're already Filipino citizens after passing the requirements for residency. They're now speaking our dialect.

Okay that means only Filipino citizens, by the way t have good impact for the local entrepreneurs and business owners, they will have a chance to work

 

[Starmix]

Okay that means only Filipino citizens, by the way t have good impact for the local entrepreneurs and business owners, they will have a chance to work

That's good to hear. Those businessmen who manned businesses for example in New Zealand they have to undergo mental and physical training and check up plus permits to comply that seems forever.

 

[Kirubel]

That's good to hear. Those businessmen who manned businesses for example in New Zealand they have to undergo mental and physical training and check up plus permits to comply that seems forever.

That is very good thing to do, i think they do that because they are already developed countries and they already have good economical status,

 

[Suba]

In my country, there are actually no recommendations for individual businesses, wherever they come from, they can build a business according to their skills and abilities. But it would be good if foreigners could work together with local residents, to make business licensing easier. but large institutional businesses usually collaborate with the government.

 

[Kirubel]

Yeah, also in my country most of foreign investors re wealthy and most of the times they collaborate with the government and also with the rich peoples who already invested in my country.

 

[Suba]

Of course, to be able to invest in other countries we need very large capital, a few months ago Elon Musk also collaborated with the government for their electric car. But I see a lot of people from Africa and Latin America buying clothes in my country and they will sell them in their country.

 

[eLdavis]

Over here it's pretty much easy, anyone can setup a business, as long as they have everything they need to set them up.

 

[Kirubel]

Of course, to be able to invest in other countries we need very large capital, a few months ago Elon Musk also collaborated with the government for their electric car. But I see a lot of people from Africa and Latin America buying clothes in my country and they will sell them in their country.

Yeah it is a a business type most peoples do in here, many peoples in my country they buy cloth, smart phones, laptops, shoes and many things from China and Dubai and sell them in the local market.

 

[Suba]

Yeah it is a a business type most peoples do in here, many peoples in my country they buy cloth, smart phones, laptops, shoes and many things from China and Dubai and sell them in the local market.

That's what we can do as an individual or small scale business, they can also sell goods from their country in other countries and buy other goods to sell in their country, so they will make double profits.

 

[Kirubel]

That's what we can do as an individual or small scale business, they can also sell goods from their country in other countries and buy other goods to sell in their country, so they will make double profits.

You are right, some times getting foreign currency could be hard and they sell goods in another country and with that much they bring products to sell inside the country.

 

[Suba]

If the business of buying and selling goods is running smoothly and we already know each other, then buying or selling only needs to be done by telephone so we don't need to go to another country and this will really save costs and of course increase profits.

 

[Starmix]

That is very good thing to do, i think they do that because they are already developed countries and they already have good economical status,

Chinese dominate in the Philippines about business. They are big capitalist. Even in New Zealand, there are many Chinese businessmen.

 

[Kirubel]

Chinese dominate in the Philippines about business. They are big capitalist. Even in New Zealand, there are many Chinese businessmen.

You are right, they control the business and the market of many countries, and they ae smart and good on marketing strategies. they have good working habit.

 

[Starmix]

You are right, they control the business and the market of many countries, and they ae smart and good on marketing strategies. they have good working habit.

Chinese are good merchants. It seems it is in their blood to be good businessmen Yes, they have good working habits, they wake up early to entertain customers no matter how cold the day is.