company administration and sec filings in philippines

Local and non-Filipino investors can receive tax incentives and other benefits under the Philippine Investment Act if they register with government agencies and enter major government areas.

The principal laws that provide tax treatment and non-tax benefits to local and foreign businesses in the Philippines are the Omnibus Investments Act of 1987 (Executive Order No. 226) and the Special Economic Zones Act of 1995 (Republic Act No. 7916). ).

Executive Order (EO) No. 226 was issued to promote the inflow of foreign investment into the country and encourage investors to invest in industries and enterprises that are in the development stage. The Board of Investment (BOI) is a government agency responsible for registering companies under EO 226 for mutual promotion. Businesses can register with the BOI if they meet the eligibility requirements and engage in activities listed in the Investment Project Plan (IPP) – an annual list of industries and investment areas eligible for BOI incentives.

Republic Act (RA) No. 7916, on the other hand, authorizes the establishment of economic zones (ecozones) in favorable areas across the country to attract foreign investments to these areas and help expand their businesses and create jobs. Most of these natural resources are managed by the Philippine Economic Zone Authority (PEZA). Companies wishing to receive PEZA’s tax and non-tax benefits must locate their operations within these zones or be on PEZA’s list of businesses willing to qualify.