The Cagayan Freeport is emerging as a premiere techno-zone not only in the Philippines but in the Asia-Pacific region as well. CEZA has established a fiber-optic infrastructure in the Freeport that is connected to the TGN-IA submarine cabling system. It is recognized as among the best in Asia in terms of latency and capacity. Such connectivity plays a vital role in linking the CSEZFP to critical peering points in Asia such as Hong Kong, Singapore and Vietnam.
By becoming a premiere techno-zone, CEZA aims to attract Business Process Outsourcing industry also known as BPO. CEZA believes that BPO would play a significant role in CEZA’s mission of generating investment and spurring employment in the Freeport. The CSEZFP is an ideal BPO investment destination not only for its strong and reliable connectivity but also due abundant and competitive labor force, ease of doing business and the generous fiscal incentives.
The Cagayan Freeport has access to human resources through the 27 Higher Education Institutions in the province of Cagayan wherein about 7,000 students that graduate every year. Furthermore, the labor pool would also be further enhanced with the integration of curricula tailored to address the requirements for BPO operation such as back-office financial transactions and medical transcriptions.
CEZA offers available office spaces for BPO operations that wish to locate. In addition, CEZA shall also be able to assist investors in enterprise registration, processing of working visas, labor recruitment and other matters to facilitate the ease of doing business of an investor. There are also incentives available for investors such as tax holidays of up to six years, special tax rate of 5% of gross income in lieu of all local and national taxes, tax credit for foreign corporations and tax and duty free importation of articles, raw materials, capital goods, equipment and consumer items.
Superb IT infrastructure, competitive labor force and attractive incentives make the Cagayan Special Economic Zone and Freeport a premier investment destination for Business Process Outsourcing. This is the perfect time to venture into the enormous potential of the Business Process Outsourcing in the Northern Philippines. Invest in the Cagayan Special Economic Zone and Freeport.