Business plan for resort in philippines

Before your hospitality business can operate in the Philippines, it also needs to acquire an Environmental Compliance Certificate (ECC). An ECC is necessary for certifying that your business activities will not cause any negative effect on the environment.

However, depending on your business activities and the percentage of foreign equity, this requirement can also be higher or lower. For example, retail trade companies with foreign equity need US$ 2.5 million of minimum paid up capital. Also, you might need to invest a lot more in some hospitality businesses, such as resorts.

If YES, here is a complete sample beach resort business plan template & feasibility report you can use for FREE. A beach resort is not a new business in the hospitality industry; it has long been in existence but only just recently like several decades back revolved into a better package than before.

Also, you might need to invest a lot more in some hospitality businesses, such as resorts. As an alternative to a foreign company, you can also set up a local company which can be established with a significantly lower capital requirement. In the Philippines, a company is considered locally-owned when at least 60% of the shares are held by locals.