Cagayan de Oro City

March 2017

At a glance

Key business highlights

Priority investment areas


Best ticket projects

Investment opportunities identified by the Cagayan de Oro City government

Tourism

  • PHP15.2m Gaston Park Phase III Redevelopment
  • PHP20.1m Alae River Bank Protection Construction

More projects

  • PHP5.0m Multi-Purpose Evacuation Center Construction
  • PHP2.0m PWD Vocational Center Rehabilitation
  • PHP20.0m Drug Rehabilitation Center Construction

Open for investment

  • Agricultural productivity
  • Solid waste management
  • Flood control facility

 

Trade and investments

Infra development pipeline

PPP projects under the pipeline

  • PHP14.6bn Laguindingan Airport Development Project
  • PHP8.5bn Cagayan de Oro River Flood Risk Management

Incentives to qualified investors

Fiscal incentives

New business

At least PHP10m capital or employ at least 50 staff

Expansion

Additional investment of at least PHP8m or employ additional 40 staff

New business and expansion

  • Exemption from license and permit fees for three years
  • Graduated exemption form local business tax and real property tax for six years:

— 100% exempt; first year to third year
— 75% exempt; fourth year
— 50% exempt; fifth year
— 25% exempt; sixth year

Ease of doing business

  1. Online billing and payment for business applications (new and renewal), Business permits, real property tax
  2. 3-year validity period of Business Permit Registration Plate
  3. 1-day processing time for RPT clearance used for the transfer of property ownership, loan and for verification purposes
  4. 2-day processing time for application business retirement or change of business ownership

 

Sources Bangko Sentral ng Pilipinas, Cagayan de Oro Citizen's Charter, Cagayan de Oro City Revenue Code, Cagayandeoro.gov.ph, Commission on Audit, Department of Tourism, National Economic and Development Authority, Philippine Economic Zone
Authority, Philippine Government Electronic Procurement System, Philippine Statistics Authority, Public-Private PartnershipcCenter

Contact us

Alexander B. Cabrera
Chairman and Senior Partner
Tel: +63 (2) 459 2002
Email

Aldie P. Garcia
Assurance Partner
Tel: +63 (2) 459 3078
Email

Brando Cabalsi
Tax Director
Tel: +63 (2) 845 2728 Ext. 3060
Email