Non-Philippine Nationals (individual or juridical) may invest in
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Non-Philippine Nationals (individual or juridical) may invest in
Philippine Government Support to Investors Philippine Investment Climate Philippine Investment Trends (In Billion Pesos) 600.00 542.60 500.00 464.22 73% growth 385.80 400.00 357.00 314.11 300.00 221.82 231.23 200.00 100.00 2004 2005 2006 2007 2008 2009 2010 Source: National Statistical Coordination Board (NSCB) BOI-PEZA Approved Investments (In Billion Pesos) 600.00 500.00 400.00 69% growth 300.00 200.00 100.00 2006 2007 2008 BOI 2009 2010 PEZA Source: National Statistical Coordination Board (NSCB) The Foreign Investments Act Non-Philippine Nationals (individual or juridical) may invest in domestic or exportoriented (at 60% export) activities up to 100% of its capital provided these are not listed in the Foreign Investments Negative List (FINL): LIST A Areas of activities reserved to Philippine nationals where foreign equity participation in any domestic or export enterprise engaged in any activity listed therein shall be limited to a maximum of 40% as prescribed by the Constitution and other specific laws. LIST B Areas of activities where foreign ownership is limited pursuant to law for reasons of security, defense, risk to health and morals, and protection of SMEs Government Support Investment Promotion Agencies (IPAs) in RP Proposed Investment Priorities Plan 2011 I. Preferred Activities Regular List: Agriculture/ Agri-business and Fishery Ship Building Mass Housing Energy Infrastructure Research and Development Green Projects Strategic Projects Motor Vehicles Tourism PPP Projects II. Export Activities Production and Manufacture of Export Products Services Exports (including IT& IT Enabled services) Activities in Support of Exporters III. Mandatory List IV. Export ARMM List Attractive Investment Incentives Comparison of Incentives INCENTIVE Income Tax Holiday (ITH) ITH Bonus BOI (Executive Order No. 226, as amended) 4 – 6 years (max of 8 years) 3 years provided the firm meets certain conditions Special Tax Rate of 5% on Gross Income Importation of Capital Equipment, Spare Parts and Supplies Wharfage Dues and Export Tax, Duty, Impost and Fees Simplification of Customs Procedures Employment of Foreign Nationals PEZA (Republic Act No. 7916, as amended) CDC / SBMA (Republic Act No. 7227 – Bases Conversion Devt Authority Exempted from all local and national taxes - value-added taxes, franchise taxes, excise and ad valorem taxes) Special Tax Rate of 5% on Gross Income Duty-free Tax and Duty-Free Exempted No exemption Available Foreign nationals may be employed in supervisory, technical or advisory positions within 5 years from a project’s registration, extendible for limited periods. The positions of president, general manager, and treasurer or their equivalents, of foreign-owned registered firms may be retained by foreign nationals for a longer period. All foreign employees may bring with them their spouses and unmarried children under 21 years of age. IPA Services Due diligence assistance Information support Visit program development & investment briefing Business matching Business registration facilitation Networking with IPUs and other government agencies on pre-operational business requirements Fast tracking with registration procedures Assistance with local government requirements Aftercare service Presence of government network to quickly respond to concerns Regular supervision & monitoring Strategic Investors Aftercare Program (SIAP) SIAP is a PROACTIVE program designed to create a high quality, trustbased, working relationship between BOI and existing investors in ensuring continuing business in the country. The BOI ensures that investors’ issues and concerns are addressed and managed with the following partners: Investments Promotion Unit (IPU) Network National Economic Research and Business Assistance Centers (NERBACs) Fast facilitation of investors issues and concerns Effective and sustained interaction Open access to public sector on investment related policy IPU NETWORK BOI dispatcher / monitor (secretariat) BSP DAR DILG HLURB BOC DA DOLE MIAA BFAD DOE DPWH BI DENR DOST BIR DOF DOT CICT DFA DOTC CSC OMB The OMB has discussed its intention to facilitate Issues raised by the investors to NGA’s thru NEDA their resident ombudsman for recommendation to OMB NICA NCIP POEA SEC Act on I/C within 5 working days for simple transaction and 10 working days for complex transaction per Anti-Red Tape Law Discover the Philippine Advantage! Contact details: Asst. Secretary FELICITAS AGONCILLO-REYES Investments Promotion Group Board of Investments Industry and Investment Building 385 Sen. Gil Puyat Avenue, 1200 Makati City, Philippines Tel: (632) 896-9212/ 897-6682 ext. 327-28 Fax: (632) 8972781 Email: [email protected] Website: www.boi.gov.ph