No risk – no fun
It’s more fun in the Philippines! So there is also a bit more risk …
UK based risk and strategic consulting firm, Control Risk, has published an updated risk-map. The Philippines are considered of medium risk, except Mindanao who is labeled “high risk”.
Click here to go to Control Risk’s interactive worldmap.
In our opinion this overall analysis is not to bad, but they say nothing about the rest of the country. And even Mindanao is not equal Mindanao. Our island, Camiguin, is by lots of people considered to be one of the friendliest spots in the Philippines. We also prefer to go to Cagayan de Oro for shopping than going to Cebu City. Or think of Davao. This city fights against crime like no other one in the Philippines. Friends living in Davao and in General Santos say that they feel 100% safe.
On the other hand, long-time investments in the Philippines are risky. The main source of this problem is the fact, that foreigners can only own 49% of a company. If the Pinoy partner(s) holding the mandatory 51% are not absolutely trustworthy, your investment can disappear like snow in spring.