This covers commercial and in-house R & D activities, establishment of Centers of Excellence (COE), innovation and skills development training institutions.

a. Commercial/Contract R & D

This covers R & D activities done for external clients. This also covers the establishment of bio-availability and bio-equivalence test laboratory for commercial purposes.

All applications for registration must be endorsed by the Department of Science and Technology (DOST) or appropriate government authority.

b. In-House R & D

This covers R & D activities for in-house use. This also covers R & D activities whose products are subsequently manufactured using the output of the R & D activities.

These products, provided listed in the IPP, are qualified for registration.

c. Center of Excellence (COE) shall serve as venue for at least two (2) of the following

Activities:

(1) Innovation and skills development through the provision of training facilities and programs

The COE shall offer continuing education for purposes of acquiring new skills and/or providing advanced training in the area of excellence it is in. This may involve the establishment of specialized schools, finishing schools and schools offering bridging courses/programs. Only the courses/trainings/programs catering to the activities or created in support of the activities listed in the IPP, except those identified to be not applicable to COE, may qualify for registration and may be granted incentives.

The course offered by COE shall be accredited either by Commission on Higher Education (CHED) (for academic institutions) or by Technical Education and Skills Development Authority (TESDA) or other appropriate accrediting bodies (for occupational skills).

(2) Research and development and other productivity enhancement activities

(3) Technology scanning, selection and adoption

(4) Incubation program

(5) Common service facilities

d. Training/Learning Institutions

This covers those key employment generators (KEGs) identified by the Department of Labor and Employment (DOLE) and those specializing in developing skills for the manufacturing, agriculture/agribusiness, fishery, mining, tourism, infrastructure, creative industries, and service (including the training of maintenance personnel, seafarers complying with international standards and the development of environmental/sustainable disciplines

– i.e., pollution control officers/managers, environmental management auditors) sectors.

The following are the requirements for registration:

The curriculum must be endorsed by the appropriate industry association and approved by either the TESDA for training courses or CHED for degree courses or other appropriate government agencies

The registered education/training/ learning institutions must provide training laboratories and equipment, if applicable.

Triple I can set-up your Project in the Philippines, and register with the BoI for tax incentives:

• Business Registration in the Philippines

• Preparation of your BoI application documents

• Philippines Office Set-up

• Completion and Awarding of BoI certificate

• Ongoing accounting works quarterly with BoI

• Filing with BIR to receive tax incentives

Back to the Board Of Investments BoI, Check out 2010 Investment Priorities Plan to see which businesses can avail of tax incentives