Both local and foreign individuals or groups can invest or start any sort of business in Cebu. This province is considered a very strategic place to do business of any sort due to its geographical, political, education, among other great advantages.
This page will outline the major and basic business opportunities for those who are willing to go into the business world. Compared to other cities in the world, Cebu offers many advantages to prospective business investors, such as low taxes, cheaper wages, available raw materials, etc.
If you thought of investing for a business in Cebu Province, then this page can provide you the basic link resources. You have various business opportunities you can think of and choose from.
Among the many Cebu business opportunities to invest here are the major ones: special economic zone investment opportunity, outside economic zone business opportunity, tourism investment opportunity, industrial parks investments, foreign trade business opportunity, and small businesses.
Let us see a little bit more about these opportunities here, which are described more in details at Cebu's Department of Trade and Industry website (www.dticebu.net.ph)
Most of these investments can be located in designated areas, such as the Mactan Exports Processing Zone (MEPZ) located on Mactan Island, Cebu Province, the Philippines.
One of Cebu business opportunities in this sort of venture is the precision assembly and manufacturing various accessories and equipment including: watches and other similar products, audio and video equipment products, office accessories and equipment, computers and its related spare parts, and measuring/calibrating instruments.
Second, you have an opportunity to invest in the manufacturing of rubber and plastic (vinyl) products. These products are very important in the production of medical supplies, molding plastics, and packaging materials for various usages.
Third, you can invest in cosmetics and pharmaceutical products. Philippines being a tropical country and having people with strong talents in handicrafts, produces cosmetics with ethnic touch using local materials and sustainable resources, including seashells, coconut shells, grass products, etc. In addition, the tropical plants is also a major source of medical studies and production of medicine.
Fourth, furniture industry and its components investment opportunity is also a very lucrative business in Cebu. Furniture-making is one of the biggest sources of income among business proprietors job providers among artists and talented crafts men and women in the province.
Aircraft manufacturing/repair/overhauling investment is also an opportunity for investors since Cebu has an international airport with a strategic place for such business to flourish.
Finally, information services or the popular information technology is another great business opportunity for any interested person to invest in.
Cebu City is catching up with other nation's information technology
by catering to such businesses. In fact, Cebu has a university that
exactly specializes on IT and its related industry (Cebu Institute of
This information technology industry is being provided and harnessed at this provincial capital by developing softwares, offering telecommunications, call centers, outsourcing services, among other products and services.
In particular, you can find in Metro Cebu the so-called Cebu IT Park. This was formerly called Asiatown IT Park, which is considered the flagship project of Cebu Property Ventures and Development Corporation, or CPVDC. This park is about 24 hectares with trading centers and global gateway and was being recognized as an IT Park in 2000. Find out about it here: http://www.cebuitpark.com/
This business investment opportunity is another lucrative business possibility among business-minded individuals or groups.
Again, these Cebu business opportunities include huge investments not only financially but also in terms of time and planning. Of course, you don't do it alone since you can always find similar-minded people to become your business partner.
Since this business is a very serious business, make sure you are prepared and have resources and plans laid out.
This opportunity for investment include:
Next, is a continuation of the last item aforementioned and the main concept of TravelingCebu website--tourism.
Second, is the so-called...
And the third business opportunity is very much related to tourism industry. This industry includes the development of...
Aside from the already established Cebu business opportunities for investments aforementioned, you can also find more opportunities with the following more economic zones being planned and developed.
Cebu Light Industrial Park
Also called CLIP, this park will become a world class industrial estate on a 70-hectare land area on Mactan Island. This industrial estate park is under its major owner, Science Park of the Philippines Inc. (SPPI), a popular estate developer of the country. It is basically an export oriented economic zone.
Mactan Export Processing Zone 2
Located on Mactan Island, MEPZ is one of the major export producing processing zones in the province. It accommodates various international companies that produce myriad products including computer products, watches, and other industrial products. This processing provides jobs to many Cebuanos and learning opportunities to students and newbies.
MiraNila Special Ecozone
Mira Nila is a concept being developed by Philippine City and Tourism Destination on Cebu's West cost area. This tourism area is supposed to be a world-class area and environmentally-friendly facility. It will be comprised of thousands of hectares of desirable land including beach coastlines, cliffs, and majestic views of the area.
New Cebu Township One Special Ecozone
This ecozone is located in Naga City, Cebu. It is a techno park on a 123-hectare land area. It is also considered as the first fully integrated residential, commercial, industrial, and recreational development project. For investment opportunity, this park is best for light industries, manufacturing and precision assemblage, for storage and warehouse facilities.
West Cebu Industrial Park
WCIP is another industrial center located in the countryside to adhere the province's policy on dispersal of industrial facilities in the province. West Cebu Industrial Park is located in Balamban Town on the Western seaboard of Cebu island. It is a 202-hectare estate intended for medium and heavy industries, including shipbuilding and its related industries.
For more details, please use the below link.
Foreign Trade of Cebu
The following business opportunity in Cebu is best for local entrepreneurs both small and medium businesses. These opportunities for investments are basically for exports.
So, locals have been doing these already but for those who thought of getting into the business world, you may check out the below possibilities.
To learn how to invest or start your business in Cebu, you may click and find out more through this link, a governmental official website:
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