Iloilo City

February 2017

At a glance

Key business highlights

Priority investment areas

Best ticket projects

Investment opportunities identified by the City Government of Iloilo

Property development/Tourism and recreation

  • PHP242m: Esplanade Apartment Hotel
  • Iloilo Rivercraft Pavilion*
  • Sunburst Freedom Park Grandstand rehabilitation*
  • Fort San Pedro development*
  • Medical complex*

Transportation

  • PHP30.4bn Iloilo airport development, operations and maintenance

Others

  • Center for Entreprenurial Development*
  • Solid waste mangament, flood control & sewerage system and urban housing

* Open for investment

Trade and investment

Major economic drivers

  • Energy
  • Real estate
  • Tourism

Incentives to qualified investors

Fiscal incentives

Tax holidays for investments

  • 1 year; PHP5m - PHP19.99m
  • 2 years; PHP20m - PHP39.99m
  • 3 years; PHP40m - PHP60m
  • 4 years; PHP60m and above

Reduced business taxes for new and expanded enterprises

  • 100% exempt; first year
  • 75% exempt; second year
  • 50% exempt; third year
  • 20% exempt; fourth year

Non-fiscal incentives

  • Fast securing of business permits and other related data.
  • Access to financial and technical assistance program of the government.
  • Facilitated service connections with local utilities and other services.

Sources Bureau of Customs, Commission on Audit, Department of Education, Department of Tourism, Iloilo City Government, Iloilo City Investment Promotion Center, National Statistics Office, Philippine Economic Zone Authority, Philippine Statistics Authority, Public-Private Partnership Center

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