Triple i Consulting can help with the process of your application for ASEZA. We can prepare all the documentation and submit for quick approval.

AURORA SPECIAL ECONOMIC ZONE AUTHORITY The ASEZA, also known as Aurora Pacific Economic Zone (APECO), was created to be the Philippines’ gateway to the Pacific housing an airport and seaport - driven economic center.

APECO is in the municipality of Casiguran, Province of Aurora, at the northeastern quadrangle of Luzon. It is bounded by the provinces of Isabela, Quirino and Nueva Ecija.

Contact Us for more information on the Aurora Economic Zone or to register.

Qualification

Both foreign and local investors with export and/or domestic market located in Aurora can apply for registration and avail of tax incentives.

Incentives

• Income Tax Holiday

• Net Operating Loss Carryover (NOLCO) – Net operating loss of the business or enterprise during the first three years from the start of commercial operations which have not been previously offset as deduction from gross income shall be carried over as a deduction from gross income for the next five consecutive years immediately following the year of such loss.

• Imposition of a tax rate of five percent (5%) on Gross Income Earned (GIE).

• Accelerated Depreciation. - Accelerated depreciation of plant, machinery and equipment that are reasonably needed and actually used for the production and transport of goods and services.

• Capital Equipment Incentives The importation of source documents by information technology-registered enterprises shall be eligible for tax and duty free importation.

• Raw Materials Incentives.

• Incentives on Breeding Stocks and Genetic Materials.

• Exemption from Wharf Dues.

• Deferred Imposition of the Minimum Corporate Income Tax.

Other Incentives :

• Employment of Foreign Nationals.

• Investment amount of US$ 150,000.00 in there in cash and/or equipment, in a registered enterprise shall be entitled to an investor’s Visa.

Requirements

i Letter of Intent

ii Documents, SEC Registration Articles of Incorporation, Partnership Agreement, Board Resolution of authorized representative, or other similar documents

iii Identification documents of investors

iv Evidence of intended physical location

v Financial Statements for the last three (3) years

vi If part of a larger enterprise doing business outside the APECO, evidence of restructuring which excludes the operations of its ASEZA enterprise from business operations outside of ASEZA

vii List of assets comprising the investment to be made

viii Certificate of Compliance to Master Plan of ASEZA

ix Such other documents that ASEZA may require (Other permits and licenses, letters of reference)

Procedure

i Investor submits accomplished Letter of Intent, Company Profile, Board Resolution, Project Evaluation Form

ii ASEZA evaluates the company & the project

iii Submission of documents and other requirements (SEC Registration, Articles of Incorporation, etc)

iv ASEZA evaluates and validates the requirements

v ASEZA quotes investor of the terms and fees for the proposed project

vi Investor conforms with terms and payment of fees

vii Project proposal approval

viii Issuance of ASEZA Certificate of Registration to Investor.

Total process of Registration time is 2-6 weeks

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