Every year the Board of Investments BOI Philippines, releases a list of Investment Priorities Plan as approved by the President. Each year new sectors are targeted for growth and awarded incentives to help stimulate investment.

Below is a list of business covered by the Board of Investments IPP and available for tax incentives, income tax holiday, tax credits, and special non-fiscal incentives, such as preferential treatment when applying for Alien Employment Permit and Work Visas for foreign staff.

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A. Contingency List

Job Saving/Creation Projects

This covers existing projects and/or activities affected by the global economic crisis that will at least retain investments and either maintain current number of workers, reinstate laid-off workers to equal their pre-crisis number, or increase current number of workers.

This also covers new projects of micro and small enterprises pursuant to R.A. 9501

**Note: The Contingency List is a temporary inclusion in the IPP to enable existing enterprises to recover from the effects of the global economic crisis and will be deleted upon an official pronouncement by the National Economic Development Authority (NEDA) that the crisis no longer exists.

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B. Regular List

1.Agriculture/Agribusiness and Fishery

This covers the production and processing of agricultural and fishery products (including their by-products and wastes), biofuels, feeds and organic fertilizers.This also covers biotechnological products and services. Anything grown or processed may apply.

2. Infrastructure

This Covers transport (air, water and mass rail transport), water (water supply and/or distribution), logistics, energy (power generation projects using renewable and other energy sources adopting environmentally-friendly technologies, power generating plants located in missionary areas, and privatized plants), mass housing, physical infrastructure, pipeline projects for oil and gas, and projects under the Build-Operate-Transfer (BOT) Law.

3. Manufactured Products

This covers shipbuilding, the manufacture of machinery and equipment, including their parts and components, manufacturing of other transport equipment (air, water and land) including their parts and components, cement, modular housing components (for mass housing projects) and manufacture of basic steel products and iron.

This also covers manufacture of chemical compounds or biological substances, other than food, intended for use in the treatment, prevention or diagnosis of disease in humans or animals, including:

1. articles recognized in official Pharmacopoeia or national drug formulary

2. articles intended for use as a component of the articles in one (1) above; and

3. herbal and/or traditional drugs which are articles of plant or animal origin used in alternative medicine.

4. Business Process Outsourcing (BPO)

This covers Voice and non-voice IT-enabled services outsourced to the Philippines, including procurement and sourcing services.

5. Creative Industries

This covers non-BPO IT-enabled services and film, TV and theater arts production. Post production and animation companies may apply for incentives.

6. Strategic Activities

This covers projects that exhibit high social economic returns and require large investments that will significantly contribute to the country's economic development taking into consideration any 2 of the following:

-Minimum project investment cost of the peso equivalent of US$300 million

-Power generation projects using renewable energy shall be deleted from this list upon the effectiveness of the Rules and Regulations to implement R.A. 9513 or otherwise known as the Renewable Energy Act of 2008.

-Projects under these activities will be approved upon determination by the Board in consultation with the DOF, NEDA and other appropriate government agencies.

-Employment generation of at least 1,000; or Use of internationally accepted high level of technology.

This also covers major projects of global companies intended to be located only in one country as a regional hub where the Philippines is one of the short-listed countries for investment location.

7. Green Projects

This covers the production of goods (such as but not limited to capital equipment, lighting, and construction materials), the utilization of which would lead to either the efficient use of energy, natural resources, raw materials, or minimize/prevent pollution.

This also covers systems/processes that would involve the application of cleaner and more efficient technologies on carbon and/or greenhouse as emission reduction.

8. Disaster Prevention, Mitigation and Recovery Projects

This covers projects that will prevent or mitigate adverse impacts of calamities and disasters (e.g., installation of flood control systems, installation of early warning systems for typhoons, earthquake occurrences, tsunami, volcanic eruptions, dikes, etc.).

This also covers projects to rehabilitate areas affected by calamities and disasters (e.g., rebuilding of roads and bridges after earthquakes/flooding, volcanic eruptions, oil spill clean-up, etc.).

This further covers training for disaster preparedness, mitigation or recovery/rehabilitation/reconstruction.

9. Research and Development

This covers commercial and in-house R & D activities, the creation of Centers of Excellence (COE), innovation and skills development training institutions may apply for incentives.

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Export Activities

This covers the following:

A. Manufacturing of Export Products

B. Export Services

C. Activities in Support of Exporters

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Click here to view activities that have mandatory inclusion in the IPP as provided for under existing laws.