PEZA launched Business and Investment Center in Davao
The Philippine Economic Zone Authority (PEZA) launched its first business and investment center in Davao City to provide easy access to its investors and serve as 24/7 information hub. The PEZA Business and Investment Center is located at the Damosa I.T Park, the 1st PEZA-accredited I.T. Park in Southern Mindanao at the Damosa District.
PEZA Business and Investment Center’s first order of operation will be to assist its members and future investors in processing permits both import and export, provide detailed services, such as document processing, and connecting them to other PEZA offices. PEZA’s direction is geared towards promoting their mission of investment promotion, employment creation and export generation, making it a “One Stop Shop” branch here in Mindanao.
Part of PEZA’s long term plans will be to develop the center by designating engineers, accreditors, examiners and an official from the Bureau of Customs to guide locators throughout the entire process. With the Davao branch, transactions can now be made easy for economic zones in Davao, aiding them in the pre-assessment process interlinking with the Regional PEZA office for VisMin (Visayas and Mindanao) in Mactan, Cebu. As an investment promotion and incentive-granting agency attached to the Department of Trade and Industry (DTI), PEZA is geared toward enabling investments in the region.
Currently, PEZA has over 365 Economic Zones nationwide and 3,916 locator companies from various public and private sectors from export, I.T., medical tourism, agro-industrial enterprises, logistics enterprises, facilities / utilities enterprises and developers of economic zones such as industrial estates, I.T parks and buildings, tourism zones, medical tourism parks and buildings, retirement zones, and agro-industrial zones. PEZA members are granted fiscal incentives ranging from Income Tax Holiday (ITH) or Exemption from Corporate Income Tax for export companies and non-fiscal incentives for export companies such as simplified import and export procedures.
In terms of economic growth, PEZA has already generated PHP 218.176 Billion in investments, USD 47.93 Billion for exports, and generated 1,360,342 employment opportunities in 2016. PEZA-accredited ecozones also promote community development through corporate social responsibility programs of its locators.
The PEZA Business and Investment Center opened last September 22, 2017 where Director General B/Gen Charito A. Plaza (AFPR) MNSA, PhD and Zone Administrator for Mactan and VisMin Mr. Sansaluna A. Pinagayao graced the event.