PEZA Registration in Philippines

PEZA Registration in PhilippinesMany investors and businessmen at some point choose to offshore or outsource their jobs to reduce their operational cost. To encourage investment in the country, the government of Philippines provides benefits and incentives to foreign entities in the form of tax holiday exemptions. And this is where Philippine Economic Zone Authority (PEZA) comes into the picture.
What Is PEZA?Philippine Economic Zone Authority (PEZA) is a Philippine government agency that promotes investment, extends assistance, grants incentives to and facilitates business operations of investors in export-oriented manufacturing and service facilities inside selected areas throughout the country. It is attached to the Department of Trade and Industry and is authorized to provide incentives to member companies.
To obtain tax breaks and incentives offered by PEZA, a company must register with it and locate their operations in one of the PEZA zones, buildings, IT parks, or technology parks. And the companies located inside the zone can export 100% of their production. In few cases, PEZA may approve the sale up to 30% of production in the domestic market.
Benefits of PEZA-Registered CompaniesExemptions from the payment of import duties and taxes on imported machinery, equipment, and raw materialsIncome tax holidays for a certain number of years, which translates to 100% exemption from corporate income taxExemption from expanded withholding taxPermanent resident status for foreign investors with initial investments of US$ 150,000 or moreExemption from branch profit remittance tax for PEZA- registered branches of foreign companiesExemption from payment of any and all local government imposts, fees, licenses or taxesPEZA EligibilityTo apply for PEZA registration, one has to first complete an online registration at the Bureau of Internal Revenue (BIR). After this, you can complete the following PEZA requirements:
Download the notarized PEZA application form from the official website and fill in the complete detailsMake a corporate profile. A corporate profile outlines the company’s history and the business projects and activities currently handled by the company. it should include information like not only about the current company but also about the parent company if any. The corporate profile should also include the following documents:Certificate of Registration with the Securities and Exchange Commission (SEC)Updated Articles of IncorporationBoard Resolution that authorizes the PEZA application. This also includes the designation of the company’s authorized representative or representatives who are responsible for the PEZA registrationLastly, the application should include a Project Brief, which details the technical, managerial, and financial information of the project or business that is applying for PEZA incentivesSubsequently, the company must also submit important documents of financial statements, annual reports to the PEZAAfter submitting all the necessary documents, the company has to wait for the approval for getting the PEZA incentives. PEZA registration process normally requires a minimum of 21 days to get completed.
Additional Documents Required for PEZA RegistrationThe additional documents include general and technical data documents. They are:
Parent company and product brochuresDescription of the new project (include description and uses of the service)Detailed organizational chartProject timetablePotential market, marketing costs, marketing programService process and flowchartList of equipment, country of equipment origin, rated capacity, and corresponding costsMaterials, their sources and prices; supply contracts, if any; ratio of imported to local materials, if applicableArea requirement, office layoutEquipment layoutElectricity and water requirementsTypes and volume of wastes and waste disposal systemBio-data of principal officersCertificate of registration with the Securities and Exchange CommissionArticles of IncorporationBusinesses That Can Apply for PEZA RegistrationThe businesses which can apply for getting incentives from PEZA registration are as follows:
Export ManufacturingInformation Technology (IT) Service ExportTourismMedical TourismAgro-Industrial Export ManufacturingAgro-Industrial Bio-Fuel ManufacturingLogistics and Warehousing ServicesEconomic Zone Development and OperationFacilities ProviderUtilitiesOur OfferingsBusiness Setup Worldwide offers the following PEZA registration services for your company:
Determine eligibility for PEZAProcess all required documents for PEZAIdentify a PEZA building for youRegister your new company with PEZAForeign Companies setting up an export business in the Philippines may opt to register with the PEZA for tax incentives. In addition to these incentives, locating in a PEZA-accredited facility or area also ensures that doing business in the Philippines is smoother and easier. Not only do businesses save on taxes and fees, they also ensure that permits and other registration requirements are secured in a short span of time. We at Business Setup Worldwide assist you in accomplishing the forms, presentation, and submission of other required documents to ensure that you get your accreditation as quickly as possible. Contact us to know more about the perks and benefits of being a PEZA member.

We alos  process:1. 9G Working Visa2. 13A / TRV Spousal Visa- married to a Filipino citizen3. Downgrading of Visa4. Tourist Visa Extension5. Alien Employment Permit (AEP) / Special Working Permit (SWP)6. Inclusion of dependent Spouse and unmarried child7. Emigration Clearance Certificate (ECC)8. Cancellation of Alien Employment Permit9. Cancellation of CEZA Working Visa (CWV)10. Cancellation of 9G Working Visa (9G)11. AEP card replacement (loss AEP)12. Quota Visa13. Overstay14. Lifting of Blacklist(BL) and Hold Departure Order (HDO)15. Order To Leave (OTL) & other Immigration related concern!For faster inquiries feel free to contact us: WeChat : BGC998  WhatsApp :+63-912-0912-222 Telegram :@BGC998   EMAIL: 998VISA@GMAIL.COM

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