Address: Pueblo de Oro Township
City: Cagayan de Oro
Country: Philippines
Status: Active
Full Description: Pueblo de Oro I.T. Ecozone
Within the Pueblo Business Park is the Pueblo de Oro IT Ecozone, the first information technology park in Mindanao duly proclaimed and registered with the Philippine Economic Zone Authority (PEZA). It was proclaimed an IT Ecozone by President Gloria Macapagal Arroyo in January of 2005. The Pueblo de Oro I.T. Ecozone is located just beside SM City Mall and is close to several residential villages and other facilities.
Business process outsourcing and IT-related businesses can enjoy fiscal and non-fiscal incentives such as income tax holidays from 4 to 6 years, exemption from import duties on machinery, equipment and materials, permanent resident visas for investors, and a large resource of hardworking, intelligent, excellently-trained IT personnel who graduated from prestigious universities. In addition, the city government offers investment incentives to businesses under the Cagayan de Oro Investment Incentives Ordinance of 2002 (Ordinance No. 8268-2002).
Lot sizes range from 900 to 1,100 sq.m. (9,684 to 11,836 sq.ft.) and lot prices from Php 11,970/sq.m. to Php 13,100/sq.m.
Underground provisions for cables and telecom facilities where many telecom providers have put up their broadband nodes are in place. In addition, an interconnected electrical distribution system loop is connected to three Cagayan Electric Power and Light Co. (CEPALCO) substations, better ensuring constant power supply.
Provisions for power and water, 24/7 security including Fire Station and fire truck, K-9 patrol, surveillance cameras.
Philippine Economic Zone Authority Incentives
* Income tax holiday (ITH) for 4 years for Non-Pioneer and 6 years for Pioneer I.T. enterprises;
* Option to pay 5% tax on Gross Income in lieu of all national and local taxes upon expiration of ITH, except for real property taxes;
* Exemption from import duties and taxes on imported machinery and equipment and raw materials;
* Exemption from Real Property Tax on ICT Equipment and other related facilities:
Computer network, hardware and peripherals Telecommunications and telephony equipment Structured cabling and hardware
Fiber optic equipment
Air-conditioning units
Standby generators and unlimited power supply
Shall commence upon start of business operations under the following schedules:
1st year 100%
2nd year 75%
3rd year 50%
4th year taxable in full
The City’s Local Incentives provides fiscal and non-fiscal incentives under the CDO Investment Ordinance to ICT related investment
New - capitalization of Php10 Million and employs at least 50 people preferably residents of Cagayan de Oro Existing Investors - expansion or relocation of project shall entail total project cost of not less than Php8 Million and employ at least 40 people preferably resident of Cagayan de Oro City * Additional deduction equivalent to 50% of training expenses; * Employment of non-residents * Other incentives as may be determined by the PEZA Board
