Not necessarily. That depends on your commitment. The Philippine BPO boasts their own plug and play system. This is the test-the-waters stage that the client’s commitment is on a monthly basis. They have the prerogative to pull out/abate in a month’s time. This is in very rare cases when the business didn’t prosper. Second option is a more taxing endeavor. Firstly, you have to declare yourself as a corporation, which comprises of 90% Filipino ownership and 10% foreign ownership.
There are benefits and disadvantages to declaring your business:
If you are planning on a long term investment (i.e. 10-20 years) it will be far more cost effective for your business.
The downside is having to deal with corporate lawyers and government bureaucracy that would make the process more costly on the get go. And thus, making it less productive when planning a short term investment.