Investment Highlights

 

Incentives for CEZA Registered Enterprises

  • 4-6 years income tax holiday
  • Special tax rate of 5% of gross income in lieu of all local and national taxes
  • Tax credits for foreign corporations
  • Tax and duty free importation of articles, raw materials, capital goods, equipment and consumer items
  • Permanent resident status for foreign investors and immediate family (must maintain not less than US$150, 000 capital)
  • Other applicable incentives under Omnibus Investment Code of 1987:
    • Multiple entry visa, valid for a period of two years
    • Tax treatment of merchandise in the Zone
    • Tax credits
    • Additional deduction for labor expense
    • Exemption from local taxes and licenses
    • Exemption from Contractor’s Tax
    • Exemption from Wharfage Dues and any Export Tax, Duty, Impost and Fee on non-traditional export products

 

Advantages for the CEZA Locators

1. Strategic Location
Philippines- Strategic location for business.

City Distance Flying Time Shipping Time
Kaoshiung 570 km 45 mins 15 hours
Hong Kong 910 km 1 hour 22 hours
Taipei 870 km 1 hour 1 day and 3 hours
Guangzhou 1,100 km 1 hour 20 mins 1 day and 7 hours
Brunei 1,800 km 2 hours 30 mins 1 day and 19 hours
Shanghai 1,670 km 2 hours 30 mins 1 day and 23 hours
Bangkok 2,240 km 3 hours 3 days and 8 hours
Kuala Lumpur 2,700 km 3 hours 20 mins 3 days and 6 hours
Singapore 3,165 km 4 hours 10 mins 3 days and 3 hours
Tokyo 2,730 km 4 hours 25 mins 4 days
Jakarta 3,300 km 4 hours 25 mins 3 days and 15 hours
Seoul/Inchon 3,000 km 4 hours 2 days and 12 hours
Sydney 7,500 km 10 hours 8 days and 12 hours
Los Angeles 12,000 km 12 hours 15 days

2. Naturally Ideal Rich Natural Resource, Benevolent Seasons, Valuable Topography

The over fifty-four thousand (54,000) hectares composing the CSEZFP is covered mostly of green valleys and forests and surrounded by seas. Its valleys offer prime agricultural land, which are ideal for this kind of venture. Its protected forest areas are rich with reserves and resources that can offer bountiful harvest, while its surrounding deep blue seas are made up of pristine waters that present a wide array of water sports activities. It is not tagged as the Philippine Game Fishing Capital for nothing because its waters give an ample supply of marine resources. Additionally, there is a dry season from December to April and rain season that showers its agricultural land the rest of the year so such benevolent seasons also serve as an added advantage.

Efficient and Service Oriented One-Stop Action Center (OSAC) staffs

3. A Great Deal of Investment and Business Opportunities to Choose From

  • IT Development
  • Business Process Outsourcing
  • Amusement and Recreation Facilities
  • Medical Tourism
  • Resort and other Eco-Tourism Activities
  • Banana, Pineapple and Sugarcane Plantations
  • Jatropha propagation
  • Agricultural Research and Development Centers
  • Fertilizer Production
  • Food Processing
  • High-Value Crop Production, Processing and Packaging
  • Research and Development Facilities for the Poultry, Livestock and Marine Sectors
  • Livestock and Poultry Raising
  • Meat Processing
  • Fish Production and Agriculture
  • Processing of Fish and Marine Products
  • Seaweeds and Carageenan Production and Processing
  • Pulp and Paper Production
  • Furniture Production
  • Mining and Petrochemicals, etc

Note that CEZA is open to all possibilities. If you are interested with other business ventures, feel free to contact us.

4. Significant Development Areas

  • Seaport Development
  • Airport Development
  • Agro-industrial Park Development
  • Tourism and Eco-tourism Development
  • Community Support and Development
  • IT & Gaming

 

Cost of Doing Business in the CSEZFP

Enterprise Registration Application Fee (in US $) $200 or its equivalent at current exchange rate
Land Lease Rates Industrial Area – $0.25 – 0.40/sqm
Commercial Area – $0.05 – 0.20/sqm
Manpower Costs Per Day $4.36/day
Land Acquisition Rates Agricultural Area – $0.30 – 0.60/sqm
Industrial Area – $8-12/sqm
Commercial Area – $8-12/sqm
Power Rates $0.17/kwh
Telecommunication Rates $10-$14 monthly fee
Water Rates Residential:
1st 10 cu.m. – $0.46/cu.m.
Succeeding cu.m. – $0.49/cu.m.

Commercial:
1st 10 cu.m. – $0.92/cu.m.
Succeeding cu.m. – $0.98/cu.m.

Internet Service Per Month $0.02/minute
Certificates/Licenses Issued & Fees Certificate of Registration $ 200
Renewal of Certificate of Registration $ 50
Tax Exemption Certification
Importation and Exportation Forms/Permits
First Indorsement for Securities and Exchange Commission consideration
Certified True Copy of Certificate/s issued by CEZA
Permit to Use Port Irene
Accreditation for Related Port Services (Arrastre & Stevedoring, Pilotage Services at Port Within Cagayan Freeport, Ancillary Services Operator) Etc.