General Santos City

March 2017

At a glance

Key business highlights

Priority investment areas


Best ticket projects

Investment opportunities identified by the City Government of Bacolod

Sustainable housing

  • PhP2.1 bn Relocation Site with Housing Units

Drainage System

  • PhP900.0 m Drainage Master Plan

Infastracture

  • PhP759.0 m Integrated Food Terminal
  • PhP959.0 m General Santos City Aerotropolis
  • PhP1.8 bn Redevelopment of Central Public Market

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

Aldie P. Garcia

Assurance Partner

Tel: +63 (2) 459 3078

Brando Cabalsi

Tax Director

Tel: +63 (2) 845 2728