Application Requirements.  Application be filed with the Board.  A non-refundable filing fee of One Thousand (P 1,000.00) Pesos shall be paid together with the following documents for registration::

1. Copies of completed application form to be provided by the Board in accordance with the provisions of the code.

2. A copy of the complete project study of the proposed investment showing that the project is economically, technically and financially feasible and viable;

3. A copy of the Articles of Incorporation and By Laws as approved by the Securities and Exchange Commission;

4. A certified true copy of its certificate of registration with the Securities and Exchange Commission, the Board of Investment and the Department of Trade and Industry as the case may be; and

5. Resolution of the Applicants Board of Directors, in case of a corporation authorizing the filing of application.

• operational requirements

• special permits/clearances/registrations

• special permits/clearances for selected export business

   Requirements and  Conditions to Avail of Incentives

New and existing enterprises intending to avail of incentives must register with the Iriga City Investment Promotion and Business Assistance Center (ICIPBAC. Requirements and condition to avail incentives are as follows:

Qualification of New Enterprises.  New investors who intend to avail of the incentives provided in the code must meet the following qualifications:

1. That the business enterprise must have complied with all the requirements mandated under existing local and national laws and constitutions;

2. That the prospective investor’s place of operation or production be located within the Priority Development Areas  of Iriga City;

3. That the prospective investment must engage in activities in Priority Investment Areas;

4. The new enterprise must have a minimum capitalization of at least P3M.  Provided that the amount of capitalization shall be based on the total project cost as stated in the investor’s  study submitted to and approved by the Board

Qualifications of an Existing Enterprise. An existing enterprise may avail of  the incentives under the  Code provided that it meets the following qualifications:

1. That the business enterprise must have complied with all the requirements mandated under existing local and national laws and the Constitution;

2. That the existing business enterprise is engaged in Priority Investment Areas within the identified Priority Development Areas;

3. That the business enterprise shall have a minimum capitalization of at least P2M .  Provided that the amount of capitalization shall be based on the total project cost as stated in the investor’s project study submitted to and approved by the Board.

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