Registration with Board of Investment (BOI)
We will help you to register your business with Board of Investment in the Philippines , in order to determine whether your business will qualify to register with Board of Investment (BOI), you have to check if your business is within the Investment Priority List (IPP). Most of the time the Philippine government is giving more weigh on the export service such as call center and information technology services. Recently, there are eight “preferred activities” or key industries were identified as manufacturing; agribusiness and fishery; services; economic and low-cost housing; hospitals; energy; public infrastructure and logistics; and public private partnership (PPP) projects. For export activities, the list covers the production and manufacture of export products, services exports, and activities in support of exporters.
Following are the incentives once your business is registered with Board of Investment;
Incentives
- Fiscal Incentives
- Income Tax Holiday
- Exemption from taxes and duties on imported spare parts
- Exemption from wharfage dues and export tax, duty, impost and fees
- Reduction of the Rates of Duty on Capital Equipment, Spareparts and Accessories
- Tax exemption on breeding stocks and genetic materials
- Tax Credits
- Other deductions from Taxable Income
- Non-Fiscal Incentives
- Foreign Nationals Employment in the Philippines
- Simplification of customs procedures
- Importation of consigned equipment
- Special right to operate a bonded manufacturing/trading warehouse