Any company that has registered as Regional Headquarters and Regional Operating Headquarters (RHQs/ROHQs) is entitled to special tax incentive programs for foreign investors. Triple i Consulting can quickly register your regional headquarters and apply for incentives.

One of the best incentives given to the RHQ and ROHQ is the ability to process special non immigrant visas for the foreign staff. Using a special relationship with the BOI, visas are able to processed in sometimes as little as 3 days with out the need of an Alien Employment Permit. Greatly reducing the amount of time your staff needs to spend dealing with the Bureau of Immigration. This foreign and local staff (in management positions) also enjoys a reduced income tax requirement of only 15%.

Contact Us for more details regarding benefits for RHQ and ROHQ's or to register your company for tax incentives.

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Qualification

RHQ

• It does not derive income from sources within the Philippines and does not participate in any manner in the management of any subsidiary or branch office it might have in the Philippines.

• Required capital: US$50,000.00 annually to cover operating expenses.

ROHQ

• May derive income in the Philippines

• Required capital: US$200,000.00 one time remittance.

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Incentives

There are two sets of incentives given to:

a. Expatriates and

b. RHQs/ROHQs

i. Incentives to Expatriate (of both RHQs and ROHQs)

• Multiple Entry Visa

- Expatriates, including spouse and unmarried children below 21 years old are entitled to this type of visa

- Valid for 3 years which can extend for another 3 years

- Exempt from payment of fees except reasonable administrative costs

- Non-immigrant visa will be processed within 72 hours from submission of documents to the Bureau of Immigration

- Exempt from securing Alien Certificate of Registration

• Withholding tax of 15% on compensation income applicable to both foreign and Filipino executives holding managerial and technical positions

• Tax and duty free importation of used household goods and personal effects

• Travel tax exemption for Personnel and their dependents

ii. RHQs

• Exemption from Corporate Income Tax but shall file an Annual Information Return

• Exemption from Value Added Tax and Sale or lease of goods and property, and rendition of services to RHQ shall also be exempted Exemption from all kinds of local taxes, fees or charges

• Tax and duty-free importation of equipment and materials for training and conferences

- Equipment and training materials not locally available

- Equipment disposed within 2 years after importation subject to payment of taxes and duties

• Importation of Brand New Motor Vehicles subject to payment of taxes and duties

iii. ROHQs

• Subject to 10% taxable income (Corporate Income Tax)

• Subject to 10% Value Added Tax

• Exemption from all kinds of local taxes, fees or charges

• Tax and duty-free importation of equipment and materials for training and conferences

• Equipment and training materials not locally available

• Equipment disposed within 2 years after importation subject to payment of taxes and duties

• Importation of Brand New Motor Vehicles subject to payment of taxes and duties.

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Procedure

? After registration with SEC of your RHQ or ROHQ coordinate with BoI to avail of investment incentives.

Registration time for RHQ and ROHQ is 2-4 weeks. Process time for incentives varies from incentive to incentive.