The Asian Consulting Group launched its Investment and Tax Briefing in Hawaii through a webinar held on Wednesday, April 5, 2023. The event was organized in partnership with the Hawaii Philippine Business Economic Council and the Center for Strategic Reforms of the Philippines.
As part of ACG’s advocacy, the Investment and Tax Briefing aims to help overseas Filipinos or foreigners to learn more about starting a business in the Philippines, or engaging in investments in the Philippines. Representatives from various business enterprises led discussions on a variety of entrepreneurship-related topics.
ACG Founding Chairman and Chief Tax Advisor Mon Abrea recognized the economic concerns of aspiring entrepreneurs or investors in the Philippines, but clarified that the Philippines showed a positive outlook.
“Despite the challenges that we have encountered brought by the series of lockdowns in the Philippines, we have exceeded our annual GDP target,” explained Abrea.
Abrea further discussed the recent legislations, such as the CREATE law, Ease of Doing Business Act, and updates to the Comprehensive Tax Reform Program. He also provided the attendees with a list of potential investment options. More importantly, he also broke down how taxation would work for overseas Filipinos and foreigners who wish to do business or invest in the Philippines.
As part of the event, representatives from other business enterprises such as LBC and RiceUp Farmers participated. Mr. Michael Salomon (Area Head, LBC Mundial Corporation) led a discussion on how LBC can help overseas Filipinos in transporting their products. Mr. Elvin Jerome Laceda (CEO of RiceUp Farmers, Inc.) talked about his business’s journey as a social enterprise.
The Investment and Tax Briefing will be continuing on to Milan on April 22, the Middle East on April 29, and Washington, D.C. on April 29. If you are interested in participating in the Investment and Tax Briefing or are curious if one will be held in an area near you, you can reach out to us at consult@acg.ph or +63 917 627 8805.
