Government Support and Incentives

Fiscal Incentives

All fresh investments will enjoy a waiver for the following number of years on the Provincial Share of Real Property Tax (RPT).

For Wholly Ilocano-Owned Businesses Registered in Ilocos For Wholly Filipino-Owned Business For Business with Foreign Ownership Number of Year/s Exempt from RPT
PHP 5M - 10M PHP 10M - 20M PHP 20M - 40M 1 Year
Above PHP 10m - 20M Above PHP 20M - 40M Above PHP 40M - 90M 2 Years
Above PHP 20M Above PHP 40M Above PHP 90M 3 Years

Non-Fiscal Incentives

Upon the issuance of the Certificate of Registration, qualified registered enterprise and investors shall be granted:

  1. Provision of one-stop documentation center;
  2. Assistance in securing local permits, utilities, right of way, labor recruitment, identifying business location and factory sites;
  3. Access to financial and technical assistance programs of the government;
  4. Joint venture or Public-Private Partnership matchmaking.

Commitment to Inclusive Growth and Economic Development

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

Get in touch with us

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