Negros is a booming province that promises much revenue for businesses. This island has all the recipes for business potential. Its natural beauty, the locals’ natural gentility and a proper pace of development have made the island ideal for those wish to invest. Natural resources abound in Negros, which is known for its sugar plantations and mineral reserves. BPO industries have been rising in the area, too. Negros is also home to one of the Philippines’ acclaimed universities.

Foreigners who wish to set up a business in the Philippines must be aware that they are not allowed to completely own any company in the country. They need to have a business partner. A foreigner can only own 40 percent of any corporation in the Philippines.

Diplomacy is important when trying to establish good business ties with Filipinos. After all, this is a country where politeness is appreciated and small talk is customary. Good manners are especially expected in Negros, with its various cities being known as “the city of smiles” and “the city of gentle people.” Even if you have to be guarded and cautious in making your decisions, it is always good to establish rapport with your Filipino partner. For example, in a business meeting, it is normal for Filipinos to begin with several minutes of small talk. They usually inquire of one another’s well-being and ask about mutual friends or relatives. Partners only delve into the topic once the host or chairperson does so. If you are in a business lunch or dinner, small talk usually lasts all the way through soup and salad, with the main business concern being discussed only when the main dish arrives.