For entrepreneurs and investors exploring opportunities in the Philippines, one key question often arises:
“Is my business qualified for BOI registration?”
The Board of Investments (BOI), under the Department of Trade and Industry (DTI), grants incentives to enterprises that align with the country’s economic priorities. But not all industries qualify. Knowing whether your business falls under the eligible categories is essential before filing an application.
As your legal guide, let’s break down who can apply for BOI registration and the industries that are typically approved.
General Rule of Eligibility
Any enterprise—whether local or foreign-owned—may apply for BOI registration provided that its activities fall under the Investment Priorities Plan (IPP) or the updated Strategic Investment Priority Plan (SIPP).
💡 Lawyer’s Note: Foreign ownership may be allowed up to 100%, particularly for export-oriented enterprises (those exporting at least 70% of their output).
Eligible Industries for BOI Registration
1. Export-Oriented Enterprises
Companies that export at least 70% of their products or services.
Common examples: manufacturing for overseas markets, IT-BPM services, and creative industries.
2. Agriculture, Agribusiness, and Fisheries
Agribusiness ventures, food processing, and value-added agricultural products.
Promotes food security and rural development.
3. Manufacturing and Infrastructure
Heavy industries, automotive assembly, and industrial projects.
Public infrastructure such as transportation, utilities, and logistics hubs.
4. Renewable Energy and Green Projects
Solar, wind, hydro, biomass, and other renewable energy projects.
Energy efficiency and environment-friendly technologies.
5. Information Technology and Business Process Management (IT-BPM)
Software development, call centers, shared service centers, and creative content production.
6. Healthcare and Biotechnology
Hospitals, medical equipment production, pharmaceuticals, and biotech research.
7. Transportation and Logistics
Shipping, aviation, warehousing, and cold storage facilities.
💡 Legal Insight: The BOI updates its priority list to align with national economic policies, so checking the latest SIPP is crucial.
Who Else May Qualify?
Small and Medium Enterprises (SMEs): Especially those engaged in priority sectors.
Foreign Investors: Provided they comply with BOI rules on ownership and export requirements.
Pioneer Enterprises: Those engaged in activities not yet widely practiced in the Philippines may enjoy longer tax holidays.
Industries Typically Not Eligible
Enterprises engaged in activities restricted under the Foreign Investment Negative List (FINL)—such as mass media, certain retail trade, and land ownership—are generally not eligible for BOI incentives.
Final Thoughts
Eligibility for BOI registration hinges on whether your enterprise contributes to the strategic priorities of the Philippine economy. If your business is export-driven, innovative, or falls under priority sectors, you stand a strong chance of qualifying.
From a legal perspective, securing BOI registration is not merely about filing paperwork—it requires a clear understanding of both the law and your industry’s economic impact.
Wondering if your business is BOI-eligible? Our legal team can assess your industry, prepare your application, and help you secure the incentives you deserve. Contact us today for a consultation.
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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