Registering a business with the Philippine Economic Zone Authority (PEZA) offers numerous benefits, including tax incentives, simplified import/export procedures, and access to world-class infrastructure. Businesses engaged in export-oriented industries, IT services, manufacturing, and logistics often seek PEZA registration to maximize operational efficiency and reduce costs. This guide outlines the step-by-step process for registering a business with PEZA.
Step 1: Determine Business Eligibility
PEZA registration is open to businesses engaged in:
Export Manufacturing – Businesses that export at least 70% of their production.
IT and Business Process Outsourcing (BPO) – Call centers, software development, and IT-enabled services.
Tourism and Medical Tourism – Eco-tourism, health and wellness facilities.
Agro-Industrial Activities – Agricultural processing and biofuel production.
Logistics and Warehousing – Import/export logistics, cold storage, and distribution centers.
Economic Zone Development – Companies establishing special economic zones.
Businesses must locate within PEZA-designated zones or develop their own economic zone to qualify.
Step 2: Prepare the Required Documents
A. Documentary Requirements
Letter of Intent to PEZA
Board Resolution authorizing the business to apply for PEZA registration
Business Plan/Project Study detailing:
Nature of business and operations
Market analysis and projected revenues
Capitalization and investment commitments
Job creation and economic contributions
Articles of Incorporation and By-Laws (SEC-registered)
BIR Certificate of Registration (Form 2303)
Audited Financial Statements (for existing businesses)
Lease Agreement or Land Title of the business location within a PEZA zone
Step 3: Submit Application to PEZA
Submit the application and required documents to the PEZA Main Office or the designated PEZA Economic Zone Office.
Pay the non-refundable filing fee (varies depending on business type).
Step 4: Attend the PEZA Evaluation and Interview
PEZA will review the business proposal and financial viability.
An interview with PEZA officials may be required to clarify operational and investment plans.
Step 5: Await PEZA Board Approval
The PEZA Board evaluates and approves applications in scheduled board meetings.
If approved, PEZA issues a Certificate of Registration and Enterprise Agreement.
Step 6: Secure Other Necessary Permits
After PEZA registration, businesses must:
Register with the Bureau of Internal Revenue (BIR) for tax compliance.
Secure LGU Business Permits (Barangay Clearance, Mayor’s Permit).
Comply with SSS, PhilHealth, and Pag-IBIG employer registration.
Apply for environmental clearances from the DENR (if applicable).
Step 7: Comply with Post-Registration Requirements
Submit Annual Reports on export performance, investment commitments, and employment generation.
Maintain BOI/PEZA compliance records to continue enjoying tax incentives.
Renew PEZA registration as required.
Benefits of PEZA Registration
Income Tax Holiday (ITH) – 4 to 6 years of corporate tax exemption.
Special 5% Gross Income Tax (GIT) in lieu of all national and local taxes.
Zero VAT rating for local purchases.
Duty-free importation of capital equipment and raw materials.
Simplified import and export procedures.
Conclusion
PEZA registration is an excellent opportunity for businesses looking to maximize tax benefits and operational efficiency in the Philippines. While the process involves multiple steps and regulatory compliance, the long-term incentives outweigh the administrative effort. Consulting a business lawyer or investment specialist can help streamline the PEZA registration process and ensure compliance with all legal requirements.
Navigating the business landscape in the Philippines can be both rewarding and intricate. Whether you’re embarking on a new venture or scaling up, ensuring that your corporate endeavors are in line with local regulations is paramount.
At CBOS Business Solutions Inc., we pride ourselves on simplifying these processes for our clients. As a seasoned professional services company, we offer comprehensive assistance with SEC Registration, Visa processing, and a myriad of other essential business requirements. Our team of experts is dedicated to ensuring that your business is compliant, well-established, and ready to thrive in the Philippine market.
Why venture into the complexities of business registration and compliance alone? Allow our team to guide you every step of the way. After all, your success is our commitment.
Get in touch today and let us be your partner in achieving your business goals in the Philippines.
Email Address: gerald.bernardo@cbos.com.ph
Mobile No.: +639270032851
You can also click this link to schedule a meeting.
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