PHIVIDEC Industrial Authority

It was mandated by its Charter to manage and supervise the 3,000-hectare PHIVIDEC Industrial Estate in Misamis Oriental.
+63 (02) 551 9012-13
info@tripleiconsulting.com
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Metro Manila Head Office

Address: 12F Sagittarius Building,
111, H.V. Dela Costa Street Salcedo Village, Makati City 1227
Tel: +63 (02) 551 9012-13
Email: info@tripleiconsulting.com

The PHIVIDEC Industrial Authority (PIA), a government-owned and controlled corporation, was established through the P.D. No. 538, as amended by P.D. No. 1491. It was mandated by its Charter to manage and supervise the 3,000-hectare PHIVIDEC Industrial Estate in Misamis Oriental.

Qualifications

Both foreign and local investors with export and/or domestic market can apply for registration and availment of incentives.

Incentives
  • Exemption from local taxes and licenses (except Real Property Taxes);
  • Exemption from tariff, customs, duties and internal revenue taxes for raw materials, supplies, articles, equipment, machinery, spare parts and wares brought into the estate and utilized in the production, storing , packing and shipment of goods meant for the foreign market;
  • Exemption from wharfage dues (if pier is constructed by investors);
  • Continued availment of BOI’s privileges if industry is BOI-registered;
  • Employment of foreign nationals on technical and management levels; and
  • Availment of inexpensive electrical power rates and low land lease rates.
Requirements:
Manufacturing Firms
  •  Letter of Intent containing the following:
    – Company name
    – Name of the project
    – Description of the project
    – Project cost
    – Area required (minimum and maximum)
    – Power requirements
    – Water requirements
    – Employment
    – Time Table;
  • Duly accomplished application form;
  • Feasibility or project study/business proposal, if applicable;
  • Company Profile/Brochure;
  • Development plan and proposed activities for a 2-year period;
  • Process description and process flow;
  • Certificate of Registration of Business Name;
  • SEC Registration and Articles of Incorporation;
  • Income Tax Returns (ITRs) for the last 3 years, if applicable;
  • Audited Financial Statement (AFS) for the last 3 years, if applicable;
  • List of directors and principal stockholders with biodata;
  • Duly accomplished Deed of Undertaking (PIA Pro Forma Forms);
  • Duly Accomplished Anti-Graft Certificate (PIA Pro Forma Forms);
  • Secretary’s Certificate/Board Resolution authorizing the filing of application and designation of representatives; and
  • Other permits/clearances required from other government agencies.
Service Enterprise
  • Letter of Intent containing the following:
    – Company Name
    – Name of the Project
    – Description of the Project
    – Capitalization
    – Employment/Manpower
    – Time Table;
  • Duly accomplished application form;
  • Feasibility or project study/business proposal;
  • Service description and process flow;
  • SEC Registration and Articles of Incorporation (DTI Registration for Sole Proprietorships);
  • Certificate of SSS Remittance, when applicable;
  • Income Tax Returns (ITRs) for the last 3 years, if applicable;
  • Audited Financial Statement (AFS) for the last 3 years, if applicable;
  • List of directors and principal stockholders with biodata;
  • Duly accomplished Deed of Undertaking (PIA Pro Forma Forms);
  • Duly Accomplished Anti-Graft Certificate (PIA Pro Forma Forms);
  • Secretary’s Certificate/Board Resolution authorizing the filing of application and designation of representatives;
  • Pro Forma Permit Agreement for Service Firms;
  • Fees and charges; and
  • Other permits/clearances required from other government agencies.
Procedure:
  • Discuss plans with PIA authorities (Business Development Division, Policy Planning and Business Development Division, or Corporate Planning and Business Development Department);
  • Submit Letter of Intent with project brief;
  • Submit application form together with the requested documents for evaluation;
  • Submit of application for PIA Board approval;
  • Secure Board Resolution;
  • Sign registration agreement and lease contract;
  • Secure PIA certificates; and
  • Complete other requirements.
References:
  • Department of Trade and Industry, Philippines. “Incentives for Investors”. http://www.dti.gov.ph/uploads/DownloadableForms/Incentives.pdf (accessed June 21, 2014).
  • Department of Trade and Industry, Philippines. “General Procedures and Application Requrements”. http://www.dti.gov.ph/uploads/DownloadableForms/procedures%20&%20application%20requirements.pdf (accessed June 21, 2014).