|
|
|
|
LEGAL
BASIS (Basic Law)
|
E.O.
NO. 226
|
|
QUALIFICATION
FOR REGISTRATION
|
-
Projects should be IPP listed
- If
not listed: 50% of prodution should be exported
if company is 60% Filipino-owned & 70% exported
if company is more than 40% Foreign-owned
- Products
for export should be non-traditional products
|
|
REQUIREMENT
FOR REGISTRATION
|
Submit
3 copies of the following:
- BOI
Form 501 (duly notarized)
- SEC
Registration, Articles of Incorporation & By-Laws
- Project
Feasibility Study
- Audited
Financial Statement
- ITR
of Major Stockholders
- Board
Res. for signing Officer
|
|
INCENTIVES/
ADVANTAGES
|
-
Income Tax Holidays (4-6 yrs.)
- Min.
duty (3% + 10% VAT) on imported capital equip./spare
parts
- Raw
Materials Incentives - Tax Credit Scheme
- Access to Customs Bonded Warehouse
- Exemption from PPA Charges
-
Other non-fiscal incentives
|
|
AGENCY/OFFICE
|
BOARD
OF INVESTMENT-CEBU
|
|
ADDRESS
|
3/f,
TransAsia Bldg, cor.Osmeņa Blvd. & MJ Cuenco,
Cebu City
|
|
TEL.
& FAX NOS. (63-32)
|
412-1944;
412-1945 (fax)
|
|
|
|
|
CONTACT
PERSON POSITION
|
MR.
ERNESTO P. PINTAC Chief, BOI Extension Office
|
|
FEES
|
Proj.
Cost: below P4M to above P50M
Filing Fee : P1,000.00 to P 4,000.00
Reg. Fee : not less than P2,000 but not
more than P 10,000.00
Incentive Fee: P1,000.00/application
|
|
PROCESSING
TIME
|
twenty
(20) working days
|
|
|
|
