An office job can have a lot of benefits, such as a regular paycheck, health insurance, and government contributions. However, it’s important to remember that an office job should not be your endgame. There are a lot of other things you can do with your life that can be just as rewarding. If you want to live an exciting life while still having the security of a constant cash inflow, you should consider investing your money.
There are many cities in the Philippines that can be great for starting a business or making an investment. Aside from Metro Manila, Davao City is one of the most promising places to put your money. Here are some reasons to invest in Davao City:
Davao City is considered to be one of the safest cities in the Philippines, and possibly even in Southeast Asia. This is due to the city’s strict gun control measures, as well as its efficient law enforcement. These factors make Davao City an ideal place to live in, as well as to do business in.
When you choose to invest in Davao City, you can be sure that your business or investment is safe from crime. This is a big advantage, as it allows you to focus on growing your business or making money, without having to worry about safety.
Ease of Doing Business
Starting a business can be a daunting task, especially if you’re not familiar with the process. However, Davao City makes it easy for investors to start or expand a business. This becomes possible through the city’s pro-business legislations and procedures.
One of the advantages you can enjoy as an investor in Davao City is the One Stop Shop for Business Permit Renewal. This process allows you to completely renew your business’s permit in three easy steps. You only need to file, pay, and claim, which makes the whole process very convenient.
One of the main reasons to invest in Davao City is its strategic location. Davao City is located in Mindanao, which makes it a great gateway to the southern Philippines. With this location, you can easily access the market of the region, providing you with more chances to grow your business
Davao City is also very accessible to about a population of 57.5 million people who are within the Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA). This advantage allows you to have more convenient and efficient trading opportunities, which can greatly benefit your business.
Ideal Business Climate
Investing in a business can be expensive, especially when you’re paying for the overhead costs. However, Davao City has a very low cost of doing business, which can help you save a lot of money.
The city’s ideal business climate is mostly due to its affordable utility rates. When you start a business in Davao City, you can expect to pay less for your electricity and water bills and invest the money you save back into your business.
Aside from this, the city has an abundant supply of raw materials and a high workforce rate. With these factors, you can be sure that your business will have a steady supply of raw materials, as well as a reliable workforce, which is essential for your operations.
Another reason why you should invest in Davao City is you get to enjoy a number of business incentives. The government grants local fiscal benefits to people who invest in their preferred investment areas.
Investors can also enjoy non-fiscal incentives from the Davao City Investment Promotion Center (DCIPC). These benefits include investment counseling and business matching, as well as the facilitation of business permits and licenses.
Davao City is also a great place to invest in real estate. This is because the city has a growing economy, which results in an increasing demand for property.
Aside from this, Davao has several condominiums for sale, providing you with a lot of options to choose from. Whether you’re looking to invest in a residential or commercial property, you’re sure to find something that meets your needs and budget in Davao City.
To make the most out of your money, look for pre-selling condos in Davao. These properties are being offered at a lower price but will be worth more when they are completed.
Invest in Davao City
Davao City is a great place to live and do business in. The city offers several advantages that make it an ideal investment destination. So, if you’re thinking of starting a business or investing, Davao City should be at the top of your list.