A. Provincial Ordinance No. 016-2022 - an ordinance amending the Ilocos Norte Investment Code of 2019 wherein new and existing businesses with the following fresh investments will enjoy discounts on the provincial share of Basic Real Property Tax (RPT) for one of the calendar year. Businesses already enjoying real property discounts or exemptions under the existing laws are not eligible of this fiscal incentive.
For Wholly Ilocano-Owned Businesses Registered in Ilocos | For Wholly Filipino-Owned Business | For Business with Foreign Ownership | Discounts on the Provincial Share of Basic RPT |
---|---|---|---|
PHP 5M - 10M | PHP 10M - 20M | PHP 20M - 40M | 15% |
Above PHP 10M - 20M | Above PHP 20M - 40M | Above PHP 40M - 90M | 30% |
Above PHP 20M | Above PHP 40M | Above PHP 90M | 50% |
For Wholly Ilocano-Owned Businesses Registered in Ilocos | Discounts on the Provincial Share of Basic RPT |
---|---|
PHP 5M - 10M | 15% |
PHP 10M - 20M | 30% |
PHP 20M - 40M | 50% |
For Wholly Filipino-Owned Business | Discounts on the Provincial Share of Basic RPT |
---|---|
Above PHP 10M - 20M | 15% |
Above PHP 20M - 40M | 30% |
Above PHP 40M | 50% |
For Business with Foreign Ownership | Discounts on the Provincial Share of Basic RPT |
---|---|
Above PHP 20M | 15% |
Above PHP 40M - 90M | 30% |
Above PHP 90M | 50% |
B. Five (5) year Governor’s Permit Fee Exemption to Business Innovation and expansion, and to Enterprise that employs 80% of total workforce who are bonafide Ilocos Norte residents
C. One (1) Tear Governor’s Permit Fee Exemption and Governor’s Special Award for Environmental Excellence and to Business engaging in Solid Waste and Industrial Waste Project.
D. One (1) year Governor’s Permit Fee Exemption to Business incorporating Energy Efficiency and Conservation Project in their operations.
Upon the issuance of the Certificate of Registration, qualified registered enterprises and investors shall be granted:
The province believes in inclusive growth and economic quality: some of our programs target Seniors, Out of School Youth, Students, and members of LGBTQI. To facilitate rapid economic growth and to attract investments, there are 3 Operating Special Economic Zones:
Fort Ilocandia Tourism Economic Zone
VENVI IT Hub and the VYV IT Hub
Mariano Marcos State University
First Special Economic Zone Institute in the Philippines
Ilocos Norte Trade and Investment Promotions Center
Ilocos Norte Provincial Capitol Rizal St., Laoag City, Philippines 2900
+63(77) 772-1212 loc 112
invest.ilocosnorteph@gmail.com
Invest Ilocos Norte
© Provincial Government of Ilocos Norte
Powered by the PGIN - Information Technology Office's Information Systems and Database Administration Section