Local Investment Incentive Ordinance of the City of Mandaue

Known as the ” Local Investment Incentive Ordinance of the City of Mandaue,” any person, corporation, association or cooperative situated in Mandaue City , who has an initial investment of not less than PHP 5 million (Filipino investors) and not less than PHP 200 million (Foreign Investors) can avail herself of the various incentives promulgated on 16 January 2001.

Highlights of the Ordinance are as follows:

1.Expanding Enterprise :
Must invest an additional amount of not less than P5,000,000.00, Philippine currency, for Philippine Investors and not less than $200,000.00, U.S. Dollars, for foreign investors

2. Tax Holiday Incentives
-Exemption from the payment of taxes imposed by the city under existing tax or revenue ordinances
-Exemption from the payment of all licenses and permit fees.
-Exemption from inspection and examination of Books of Accounts and other pertinent records of business except when authorized by the Board.
- Exemption from local contractor's tax should the participating business concerned decides to transact business with the city government, it being a qualified contractor the Board

3. Coverage
The following business enterprises receive priority under the Program. They are as follows:
-Labor Generating Enterprises
-Enterprises to be established in less developed areas of the city as maybe determined
-Manufacturing or Processing Plants using using raw materials available locally
-Tourism Oriented Enterprises
- Pioneering Enterprises

4. A progressive rate of exemption on business tax and discount period for the payment of real property taxes are granted depending on the amount of investment