Top Investments and Business Opportunities that Are Ideal for OFWs



BY JOHN SULIT

It’s every OFW’s dream to finally come home to the Philippines to be with their loved ones. It’s also their dream to put up their own business so that they don’t need to go away again just to earn a living. Below are some business and investment ideas that can generate extra income for you and your family. Consider investing your money in some of these and watch as your money grows.

Set Up an Online / E-Commerce Store

Online stores are on the rise because of the ease of running one and the really good income that you can earn. Setting up a Facebook or Instagram account is free. You can also sell your products on websites such as Shopify, OLX, or Zalora. If you want your own e-commerce site, you just need to pay a yearly fee, plus the cost of advertising your e-commerce site on search engines and social media.

Online stores are a good way of earning just by interacting with your customers online, as well as selling goods and services that people love. You can set up an online shop in minutes and start uploading photos of the products that you’re selling. You can sell food, gadgets, shoes, clothing, accessories, household items, and basically anything that people are interested in buying. The trick is to advertise your store extensively so that the number of your followers will grow. The more followers you have, the more people will be able to see and buy your products.

Get a Food Cart Franchise

A food cart franchise is easy and affordable. You don’t have to build a business from scratch because the business is already existing. You also receive plenty of training when it comes to operation, finance, and human resource. You can earn a pretty good income from even just one food cart, provided that it’s in a really good location with a lot of people traffic. The food should also taste delicious and can be bought at an affordable price. In order to be successful with this kind of business, you need to undergo regular training sessions and seminars. Given its relatively low package cost, for just ₱30,000 to ₱50,000, simply consider a cash loan application and you’re already on your way to becoming a food cart franchise!

Let Your Talent Shine with Arts and Crafts

If you have the talent for arts and crafts, share it with the world and start earning from it. Earn money from your paintings, drawings, photos, or letterings. You can sell them as finished products, or you can hold classes and teach people so they can get better at their craft. If you like making beautiful things from scratch, like candles, soaps, jewelry, home d├ęcor, or furnishings, you can sell your lovely creations online, or you can also consign them to a physical store.

Go Into Tourism and Travel Services

A travel agency or a ticketing service is not an uncommon choice for OFWs when it comes to business and investments. OFWs are very familiar when it comes to travels and tours, as well as booking fares, hotel accommodations, and holiday packages. Why not make a business of it and help other people with their travel needs?

Various Service-Oriented Opportunities

Health and wellness spas, beauty salons, and barber shops are still one of the best options when it comes to investing your hard earned money. Other options include tutorial services, training centers, money changers, money remittance centers, office services, bills payment centers, and printing services.

Remember that any business will be successful if you will educate yourself with running it properly. You can always consider a low interest BPI personal loan to help you get started and use a little bit of your savings to help out with the expenses. When it comes to business and investments, remember to go slowly but surely. Everything else will follow.

OSSCO: One-stop service center for OFWs


For the benefit of current and prospective Overseas Filipino Workers, the Department of Labor and Employment (DOLE) launched a one-stop shop where government services concerning OFWs are made more accessible.

Dubbed OSSCO or "One-Stop Service Center for OFWs", the center is located at the ground floor of the Philippine Overseas Employment Administration office along Ortigas Avenue. Regular office hours are from 8:00 a.m. to 5:00 p.m., Monday to Friday.

Labor Secretary Silvestre Bello III said OSSCO seeks to reduce transportation expenses of OFWs and shorten the processing time of their documents.

Aside from making available to OFWs information on their respective programs and services and responding to queries of clients, the various government offices’ services to OFWs are as follows:

Department of Foreign Affairs (DFA)
  • Passport Services
  • Passport Validity Extension for Balik-Manggagawa (vacationing Workers)
Overseas Welfare Workers Administration (OWWA)
Processing of OWWA Membership/Renewal of Membership
Technical Education and Skills Development (TESDA)
  •  Assistance for Competency Assessment
  • Verification of Certificates and Special Order
  • Assistance for Replacement of National Certificates (NC)/ Certificates of Competency (COC)
  • Training Assistance and Scholarship Program
Professional Regulation Commission (PRC)
Issuance of Professional License
Maritime Industry Authority (MARINA)
Issuance/ Revalidation of Seaman’s Book
 Home Development Mutual Fund (HDMF)
Processing of Pag-ibig Membership
 Philippine Health Insurance Corporation (PHIC)
  •  Payment of Philhealth Contribution
  • Member registration and updating
 Social Security System (SSS)
  • Registration and Membership Data Amendment
  • Acceptance of Loan and Benefits Claim Applications
  • Loan Verification and Status
  • UMID Capturing and Card Releasing
  • Response to Queries

 Philippine Statistics Authority (PSA)
  • Certificate of Live Birth
  • Certificate of Marriage
  • Certificate of Death
  • Certificate of No Marriage (CENOMAR)
 Bureau of Immigration (BI)
Departure Clearance Information
 National Bureau of Investigation (NBI)
Issuance of NBI Clearance
 Commission on Higher Education (CHED)
Verification and Authentication of School Credentials
 Tourism Infrastructure and Enterprise Zone Authority (TIEZA)
  • Travel Tax Payment
  • Processing of Travel Tax Exemption and Reduced Travel Tax
  • Response to Queries
 Philippine Overseas Employment Administration (POEA)
  • Documentation of Workers (Landbased and Seabased)
  • Documentation of Workers-On-Leave/Balik-Manggagawa
  • Registration of Landbased Worker-Applicants
  • Verification/Certification of OFW Records
  • Provision of Legal Assistance
  • Response to Queries