Incentive Packages

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  • Special tax rate of 5% of gross income in lieu of all local and national taxes;
  • Tax credits for foreign corporations;
  • Tax and duty free importation of articles, raw materials, capital goods, equipment and consumer items;
  • Permanent resident status for foreign investors and immediate family (must maintain not less than US$ 150,000 capital);
  • Working visa valid for two (2) years and renewable thereafter;
  • Other applicable incentives under the Omnibus Investment Code of 1987:  
  • Additional deduction for labor expense;
  • Exemption from local taxes and licenses;
  • Exemption from contractor’s tax; 
  • Exemption from wharfage dues and any export tax, duty, impost and fee on non-traditional export products.
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