General and Technical Data and Document Requirements Financial Data and Document Requirements. Many foreign companies want to do business in the Philippines for export enterprise like BPO, IT, back-end support and accounting. They register with PEZA in order to avail tax exemption. We will assist companies in determining eligibility for PEZA registration and organize all documents needed to be processed.
What is PEZA ?
PEZA - Philippine Economic Zone Authority, is the Philippine government agency tasked to promote investments, extend assistance, register, grant incentives to and facilitate the business operations of investors in export-oriented manufacturing and service facilities inside selected areas throughout the country proclaimed by the President of the Philippines as PEZA Special Economic Zones.
What PEZA Offers ?
PEZA offers tax holidays of four - eight years to your companies. After that, the company will be subject to 5% tax on gross profit (sales less direct cost) in lieu of all local and national taxes. How to obtain PEZA incentives ?
The company must be registered with PEZA and location is within the designated PEZA zones, buildings, IT Parks or Technology Parks. PEZA enterprise must be at least 70% export production. The PEZA allows maximum of 30% of production to be sold in the domestic market. PEZA incentives depends on enterprise applying. The enterprise should submit all information as required by PEZA.
Foreign ownership is allowed, provided they are not in activities that are on the Foreign Investment Negative List.
What we do for you?
Determine eligibility for PEZA
Process all required documents for PEZA
Identify a PEZA building for you
Register your new company with PEZA
What are the needed documents for submission ?
Project brief - the completion of the project brief entails the submission of additional documents relating to the statements made therein
Board Resolution authorizing the filing and designation of a representative
SEC Certificate of Registration, Articles of Incorporation and By-Laws (if not yet available, submit draft of Articles of Incorporation)
Project Feasibility Study - information and documents necessary in the preparation of the project feasibility study
Parent company and product brochures
Description of the new project (include description and uses of the service)
Detailed organizational chart
Potential market, marketing costs, marketing program
Service process and flowchart
List of equipment, country of equipment origin, rated capacity, and corresponding costs
Materials, their sources and prices; supply contracts, if any; ratio of imported to local materials, if applicable
Area requirement, office lay-out
Electricity and water requirements
Types and volume of wastes and waste disposal system
Bio-data of principal officers
Certificate of registration with the Securities and Exchange Commission; and
Articles of incorporation
Number of employees, position and salary rates, training to be provided and length of training, classification of employees as to a) skilled, semi-skilled, and unskilled, b) direct, indirect, and administrative
Number of foreign experts to be hired, positions, salary rates, length of stay
Projected volume of sales, selling price, and unit of measure
Breakdown of other dollar costs (interest on loans, salaries of foreign personnel)
Number of workdays per year, number of shifts per day
Sources of financing (please indicate whether loans to be obtained are foreign-currency-denominated or not)
Latest audited financial statements, if any; and
Parent company's latest volume and value of sales, net income, total assets, and number of total employees, if applicable