To qualify for registration with the BOI for incentive purposes, the proposed foreign investment must be made in any of the following: a. Preferred areas of investment listed in the current Investment Priorities Plan (IPP). A preferred area may be declared pioneer if it: i. Engages in the manufacture, processing, or production (not merely in continue reading : How does our proposed project qualify for registration with the BOI/PEZA/other Investment Promotion Agencies (IPAs)?
How long will it take to obtain BOI/PEZA/other IPAs approval once all requirements are complied with? Under EO 226, applications filed with the BOI shall be considered automatically approved if not acted upon by the BOI Board within 20 working days after they have been officially accepted, subject to the usual terms and conditions. In continue reading : How long will it take to obtain BOI/PEZA/other IPAs approval once all requirements are complied with?
A list of general and specific terms and conditions is normally attached to the approval letter issued by the BOI/PEZA/other IPAs upon approval of the application for registration. The general conditions include certain management, financial, operational, and marketing restrictions which must be properly complied with so as to avoid grounds for cancellation of registration. The continue reading : Assuming approval is obtained, what restrictions are ordinarily attached?
The amount of time allowed for starting a registered project depends on the type of the proposed project and the period set by the proponent in the feasibility study with the approval of the BOI/PEZA/IPAs. Generally, the project must be commenced within one year from approval date, but may be extended under applicable qualifying circumstances.