LEGAZPI CITYINVESTMENT INCENTIVES(Per SP Ordinance No. 96-016)

Hon. Noel E. RosalCity Mayor

 In addition to the incentives provided by law and by the Local Government Code of 1991, the Legazpi Investment Incentive Code of 1996 under SP Ordinance No. 96-016 provides:

INVESTMENT INCENTIVES

For New Investors

Small Enterprises Below P15M 3 years

Medium Enterprises

P15M-P60M 4 years

Large Enterprises Above P60M 5 years

Exemption from the Mayor’s Permit fees, building permit fees, business sales taxes, and other fees and charges imposed under existing city ordinances and;

Basic real property tax on property improvements, buildings and machineries under the Tax Code of Legazpi City with period of exemptions subject to the following qualifications:

For New Investors

Should they locate during the first year of implementation of the Legazpi City Investment Incentive Code of 1996, the above period of exemption shall be extended by two years.

Tax reduction or tax credits for expenditures on construction of “public infrastructure” (such as roads, bridges, etc.) accessible to public use as determined by the Board.

Skills training for company employees.

For Existing Investors

Construction of public infrastructure (such as roads, bridges, etc.) accessible to public use.

Rehabilitation/improvement of buildings and other commercial structures that are socially acceptable, environment friendly and which contributes to overall aesthetics of the City and its residents.

Clean and Green Projects such as tree planting in designated areas of Legazpi City Government.

AVAILMENT OF INCENTIVES 

For New Investors

New investors who intend to avail of the incentive provided in this Code must meet the following qualifications: That the business enterprise must have complied with

all the requirements mandated under existing local and national laws and Constitution.

That the prospective investor’s place of operation or production be located within the Priority Development Area (PDA) of Legazpi City.

For New Investors

That the prospective investment must fall within the Priority Investment Areas (PIAs).

The new enterprise must have the following capitalization:

  Small Enterprises - Below P15M Medium Enterprises - P15M-60M Large Enterprises - Above 60M

For Existing Enterprises

That the business enterprise must have complied with all the requirements mandated under existing local and national laws and Constitution.

That the existing business enterprise must engage in Priority Investment Areas (PIAs) and Priority Development Areas (PDAs).

Existing Enterprises

That the business enterprise must have the following capitalization:

  Small Enterprises - Below P15M Medium Enterprises - P15M-60M Large Enterprises - Above 60M

 

Provided, that the amount of capitalization be based on the total project cost as stated in the investor’s study submitted to and approved by the Board.

PRIORITY DEVELOPMENT AREAS (PDAs) - URBAN

Western Barangay:

1. Bogtong Northern Barangays: 1. Arimbay2. Rawis 

PRIORITY DEVELOPMENT AREAS (PDAs) - RURAL

Southern Barangays: 1. Taysan2. Homapon3. Banquerohan4. San Francisco5. Bariis6. Imalnod7. Cagbacong8. Buenavista9. Bagacay10. Estanza11. Mariawa 

Southeastern Barangays:

1. Puro

2. Lamba

3. Maslog

Figure 1 - PRIORITY DEVELOPMENT AREAS (PDAs) )

PRIORITY INVESTMENT AREAS (PIAs)

Manufacturing Agribusiness, Forestry & Fishing Trading Operations Tourism-Related Projects Infrastructure and Services

ESTABLISHMENT OF THE LEGAZPI CITY INVESTMENT PROMOTION CENTER

Main Objectives:

Investment Promotion Efforts Investor’s Facilitation Services Research and Planning Activities

Technical Sections: 

Investment Promotion Section Investor’s Facilitation Section Planning and Research Section

The above section will be assisted by an Administrative and Finance Section.

CITY OFFICIALSHon. Noel E. Rosal City MayorHon. Jesus Enrico Moises B. Salazar Vice MayorHon. Avelino A. Pacamara CouncilorHon. Michael Victor C. Imperial Councilor Hon. Manuel C. Arroyo CouncilorHon. Luis C. Adornado Councilor Hon. Benedicto A. Azul CouncilorHon. Nenebeth S. Cabigao CouncilorHon. Jesus Chito B. Baldo CouncilorHon. Ma. Aniceta R. Llaguno CouncilorHon. Raphael B. Ruivivar Councilor Hon. Oscar G. Santillan CouncilorHon. Jose Lee Councilor

(Liga ng mga Barangay)Hon. Preciousa T. Nidea Councilor

(Liga ng mga Kabataan)

Prepared by: City Planning and Dev’t Office

City Hall, Legazpi City

Tel. Nos. 820-6075; 820-2927; 820-6133