Metro Cebu

January 2017

At a glance

Key business highlights

Priority investment areas


Best ticket projects

Investment opportunities identified by the City Government of Cebu

Infrastructure

  • PHP27.9bn Cebu-Cordova bridge project
  • US$328m Cebu International and Bulk Terminal

Transportation

  • PHP10.6bn Bus Rapid Transit (BRT)

Healthcare provider

  • PHP1.5bn Cebu City Medical Center

Trade and investments

Infra development pipeline

  • 1 PPP Project in the pipeline
  • PHP17.5bn Cebu International Airport Development 30.83% complete (as of September 2016)

Major economic drivers

  • IT & IT-enabled services
  • Tourism
  • Manufacturing export (PEZA)

Incentives to qualified investors

PEZA

Exemption from taxes In lieu, a payment of 5% tax of total Gross Income

Value added tax zero rating

Other special

  • Ownership of equity
  • Employment of aliens
  • Simplified import & export procedures


Omnibus Investment Code of 1987

Income Tax Holidays (4-6 yrs.)

Minimum duty on imported capital equipment/spare parts (3% + 10% VAT)

Raw materials incentives - tax credit scheme

  • Access to customs bonded warehouse
  • Exemption from PPA charges
  • Other non-fiscal incentives

* Data pertains to provincial – entire Cebu Island

Sources Cebu Investment Promotions Center, Commission on Audit, Department of Education (Cebu), Department of Tourism 2015, Department of Trade and Industry, Metro Cebu Development and Coordinating Board, National Wages and Productivity Commission 2016, Philippine Economic Zone Authority, Philippine Statistics Authority 2015, Public-Private Partnership Center

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