Contact Information

Cebu Property Ventures Dev't Corp.
20/F Ayala Center Cebu Tower
Bohol Street, Cebu Business Park
Cebu City, Cebu 6000
Tel: (63 32) 888 3700
Email: customer_care@cpvdc.com

PEZA Incentives

Benefits of an I.T. Park to the community

  • Improved international competitiveness. The creation of an integrated economic – I.T. zone will help Cebu become an even more competitive player among local and international I.T. and outsourcing destinations.
  • Increased direct investments / capital formation. Shifting the direction of the Cebu Business Park to that of an economic - I.T. zone will stimulate even more investments from local and international companies, which will give the country’s economy a much-needed boost.
  • Employment / job creation. Increased investments and business activity will generate more jobs for Cebuanos and those from nearby towns. These will be avenues for the export of services and exceptional, sought-after Filipino talent. This will also give rise to the demand for service industries to cater to this growing population.
  • Improved quality of life. Locating local and international companies will create a higher standard of living and a more productive business climate.

PEZA Incentives for I.T. Parks

For IT Park Facilities/Utilities Providers

  • Income Tax Holiday for four years
  • Option to pay a special 5% tax on gross income earned from locator IT enterprises and related operations, in lieu of all national and local taxes, except real property taxes on land owned by developers
  • Permanent resident status for foreign investors with initial investment of US $150,000
  • Employment of nonresident aliens required in the operation of IT enterprises

For PEZA-registered IT Enterprises

  • Income Tax Holiday for four years for Non-Pioneer IT Enterprises, or six years for Pioneer IT Enterprises
  • Option to pay a special 5% tax on gross income earned, in lieu of all national and local taxes, except real property taxes on land owned by developers
  • Exemption from payment of import duties and taxes on imported machinery and equipment and raw materials
  • Additional deduction equivalent to 50% of training expenses, chargeable against the 3% share of the national government in the special 5% tax on gross income
  • Permanent resident status for foreign investors with initial investment of US $150,000
  • Employment of nonresident aliens required in the operation of IT enterprises