Incentives

Incentives–Incentives shall be granted, provided they meet the capital and employment generation requirements. Investors enjoying incentives under this Chapter (of the Local Investment Code) shall be exempted from:

1. Payment of building permit fees, business fees and other fees and charges imposed by existing city ordinance, but only for fees and taxes that fall due after approval of the application for incentives. For investors in Preferred Investments, the exemption for business fees and other fees shall be for the period not to exceed five (5) years to be reckoned from the date of approval of the application by the Board.
2. Payment of basic real property tax imposed by existing City Ordinance on improvements, but only for new improvements introduced by the investors.
3. n the case of an existing improvement, the exemption shall apply only to the increase in the assessment because of rehabilitation, adoption, expansion and/or diversification shall be for the period prescribed under and not to exceed to five (5) years to be reckoned from the date of the approval of the application by the Board.

Preferred Investments

1. Manufacture of Agro–based products such as but not limited to: Canned food products, Dried fruit processing, Sweets, candies and condiments, Ethnic food products and delicacies, Rubber Processing, Jathropa Processing Plant, Bio–Diesel Plant, Essential Oil and Herbal Extract Production, Agro–Forest Products;
2. Manufacture of handicraft products such as but not limited to: Toys, Ceramics, Furniture, Garments, bags, and other native clothing products using indigenous raw materials, Fashion accessories, jewelries, stone craft, etc...
3. Tourism and Education related business such as but not limited to: Mid–range hotels and other tourist–related facilities, Beach resorts, Theme parks, Marina, Tourist transport equipments and facilities, Vocational and technical skills training centers for out–of–school youth, English proficiency training centers.
4. Property Development projects such as but not limited to: Commercial complexes, Retirement villages, Convention centers, Private industrial estates, Economic zones, Agricultural food terminals, Hospitals and modern laboratories/ diagnostic equipment, Health Services–Clinics and the likes, Memorial Park/Garden.
5. Trans–shipment facilities such as but not limited to: Airport and Seaport infrastructure, Common bonded warehouses, Shipping facilities, Ship repair, Ship breaking.
6. Information Communication Technology (ICT) and Business Processing Outsourcing (BPO) – related business.
7. Metal and foundry shops
8. Manpower Services
9. Education–related entities but not limited to new educational facilities and bookstores
10. Printing/Publishing
11. High Value Crops