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Primary Contact

316 Mile Long Building

Amorsolo Street

Legaspi Village

Makati City

1200 Philippines

Telephone: (632) 8941441

TeleFax: (632) 8124296

e-mail: gtalaw@gtalawphil.com

 

Office Hours

9:30AM to 5:30PM PH Time

Monday - Friday

 

www.gtalawphil.com

 
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Incentives to Locators at Subic Bay Metropolitan Authority (SBMA) and Clark Development Corporation (CDC)

 

 

Two of the more attractive investment sites in Southeast Asia today are the Subic Bay Freeport and Special Economic Zone (SBF) and the Clark Special Economic Zone (CSEZ). These sites are former US military facilities converted into civilian use. The vision for the 67,000-hectare SBF is to create a self-sustaining industrial, commercial, financial, and investment center in addition to its international seaport, which can anchor 600 ships. The CSEZ, which spans some 33,653 hectares, is being converted into a special economic zone and its 1,620-hectare civil aviation complex into a world-class international airport.

Registered enterprises in both SBF and CSEZ enjoy various investment incentives including access to first-class commercial, residential, and tourist facilities.The SBMA and CDC grant incentives to registered enterprises located at the sites. A registered SBF enterprise is a business enterprise organized and existing under Philippine or foreign laws, registered with the SBMA, and located within the SBF. A CSEZ enterprise is a duly constituted business organization which is organized or domiciled in the Philippines or any foreign country that is registered with CDC and Both the SBMA and CDC grant essentially the same set of incentives to registered
SBF and CSEZ enterprises. These incentives include:

Fiscal Incentives


:: Tax- and duty-free importation of machineries, equipment, raw materials, supplies, and all other articles including finished goods.


:: No local and national taxes. In lieu thereof, SBF and CSEZ enterprises pay a tax of 5% of Gross Income Earned, which refers to gross sales or revenue derived from any business activity within the zones, less cost of production or direct cost of services as well as other costs specifically determined in regulations to be material in the operations of the business.

Non-Fiscal Incentives
 

:: Permanent residency status for investors, their spouses, dependent children under 21 years of age provided that they have continuing investments of not less that US$250,000.00.
 

:: Employment of foreign nationals.

 

 

Contact Us

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You're invited to call us to discuss your company's legal matters. We shall be glad to talk with you over the telephone, or in our office or yours, whichever is easiest for you. You can also e-mail us at gtalaw@gtalawphil.com and we shall get back to you immediately.

 

 

GUZMAN TAŅEDO & ACAIN

Mile Long Building 316

Legaspi Village

Amorsolo Street

Makati City

Telephone: 8941441

TeleFax: 8124296

e-mail: gtalaw@gtalawphil.com 

 

 

 

 

 

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Guzman Taņedo & Acain Law Offices
316 Mile Long Building, Amorsolo Street, Makati City, Philippines - Telephone: 894.14.41; Telefax: 812.42.96

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