Doing Business in the South with PEZA Accreditation

February 4, 2014
Philippines SEC AFS Filing

Cebu, the Financial Capital of the South and owns the fastest growing economy in the Philippines. With its metropolitan setting, year-round balmy weather, beautiful beaches and friendly people, has become the most visited tourist destination in the Philippines.

The best location to established business in Cebu with PEZA Registration is in Lapu-Lapu City. With a good strategic location, it is near from the airport, shopping malls, tourist spots, world class hotels, resorts and high class subdivision fit for investors who are willing to stay in the area. Aside from its location is the availability of skilled-workers in the locality and throughout Cebu and  nearby provinces.

There are three Economic Zones found in Lapu-lapu City with PEZA Accreditation.

First, is the Mactan Economic Zone 1 (MEZ1), located in Brgy. Pusok, Lapu-lapu City, with an area of 150 Hectares. It is operated and developed by the Philippine Economic Zone Authority (PEZA) and the Government of the Philippines. Factories in MEZ 1 deliver world-class products to the United States, the European Economic Community and Japan. Such products include watches, semiconductors, electrical equipment, garments and precious jewellery.

Second, the Mactan Economic Zone 2 (MEZ2) it is located in Brgy. Basak, Lapu-lapu City, with an area of 63 Hectares. It is operated and developed by the Philippine Economic Zone Authority (PEZA), Aboitiz Land and the Mactan Cebu International Airport Authority. MEZ2 locators are mostly in the electronics, automotive supplies, medical equipments, hobby, Business Process Outsourcing, home furnishings and garments industries. Majority of MEZ2 locators are from Japan but also host a good mix of US, European and Taiwanese companies.

Lastly, the Cebu Light Industrial Park, located also in Brgy. Basak, Lapu-lapu City, with an area of 70 Hectares. It is operated and develop by Philippine Economic  Zone Authority (PEZA), Science Park of the Philippines Inc. and Cebu Industrial Park and Development Inc. SPPI’s industrial estates provide a work place under a well-managed environment for light to medium industries with clean and non-polluting, environment-friendly manufacturing operations as well as support industries.

If you were to register in Cebu, it is important to know the kind of Business Activity to be engaged with, whether to be an Economic Zone Locator or to establish an economic zone.  Each business activity has different requirements and processes.  Triple I can surely assist you with your concerns on this regard. Contact us now!

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