About Cocochem
Plant and Technology
Product Quality and Customer Reliability
Process
Markets
Membership and Affiliations
Mission and Vision
Contact Us
Cocochem Home Page
Product & its Applications
Fatty Acid and Flakes
Soap Base
Glycerine
Safety Precautions
Agro-Industrial Park
Basic Profile
The Industrial Park
Ecozone Incentives
 
 

Incentives for Ecozone Locators

What makes the project even more viable is the government's relentless effort in supporting market-oriented policies that give way to healthy business relations. With the government's strong leadership, combined with the persistence to encourage private enterprise, ventures like CAIP is seen to progress into a world classs ecozone where investments flourish. CAIP is duly-registered with the Philippine Economic Zone Authority (PEZA) and investing locators are offered an attractive incentive package to boost their financial viability and export competitiveness.

FISCAL INCENTIVES
  • Income Tax Holiday (ITH) or Exemption from Corporate Income Tax for four or six years, extendible to a maximum of eight years;
  • After the ITH period, the option to pay a special 5% tax on modified gross income, in lieu of all national and local sales;
  • Exemption from duties and taxes on imported capital equipment, spare parts, supplies and raw materials;
  • Tax credit on domestic capital equipment
  • Exemption from wharfage dues and export taxes, imposts and fees;
  • Additional deduction for incremental labor and training expenses.
NON-FISCAL INCENTIVES
  • Permanent resident status for foreign investors and immediate family members;
  • Employment of foreign nationals;
  • Simplified import and export procedures;
  • Other incentives under Executive Order 226 (Omnibus Investments Code of 1987), as may be determined by the PEZA Board.

 

 

 

 

  2000 United Coconut Chemicals, Inc. All Rights Reserved.