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The Agusan del Norte Special Economic Zone, through its component ecozone enterprises
offers a variety of fiscal as well as non-fiscal incentives.
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Fiscal Incentives
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All incentives stipulated under RA 7916.
PEZA INCENTIVES FOR ECOZONE DEVELOPERS.
PEZA INCENTIVES FOR ECOZONE LOCATORS.
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Income Tax Holidays
New Project - 4 years from commercial operations
Expansions - 3 years from commercial operations
- 5% Final Tax on Gross Income in lieu of:
National taxes - gross receipts, value added, ad valorem &
excise taxes and
Local taxes - franchise, common carrier & other percentage
taxes upon lapse of income tax holidays.
- Tax and Duty Exemption on Capital equipment
- Exemption from Duties and Taxes on raw material & other production
Inputs brought into the ECOZONE
- Exemption from SGS/Customs Inspection
- Permanent Residency Status for foreign investors with at least
US$150,000 investment
- Resident and Working Visa Facilitation for Expats
- Fully Deregulated Repatriation of Earnings
The sites aforementioned are the Nasipit Agusan del
Norte Industrial Estates (NANIE) located at the
municipality of Nasipit and Tubay Agri-processing
Center (TAPCEN) located at the municipality of Tubay.
- Municipal Investment Incentive package offered by host municipalities.
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Non-Fiscal Incentives
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Adequate infrastructure support.
The province has in place the basic infrastructure
required by investors.
*The Nasipit Port. This international standard port
serves domestic routes towards the Visayas and the
Luaon islands. It is also presently serving 50 for
eign destinations.
*The Bancasi Airport. This airport maintains B737
direct weekly flights to Manila and two daily flights
to Cebu.
*Communications. Global, national, regional and
domestic communication links at the investors'
business offices. These facilities include satellite
and landline phones.
*Well-paved roads. A total of 114.94 kms. Of paved
roads traverses the breadth of the province.
Arterial roads back this up.
- Industrial Peace.
In Agusan del Norte, the PPOC chaired by Gov. Ma.
Angelica Rosedell M. Amante participated in a local
peace negotiation which resulted to the surrender
of 86 Higaonon former NPA rebels last year.
Inspired by the success of the Agusan del Norte
peace talks, the provincial government of Surigao
del Sur and Agusan del Sur followed suit in organizing
their respective local peace talks committee to initiate
peace negotiations with the NPA.
- Human Resources
The area has 90,000 skilled laborers. Enhancing skills
are the various programs geared toward institutionalizing
of training responsive to the needs of industries.
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Investment-friendly local governments.
The provincial, city and most municipal governments have legislated
acts promotive of the investment flow. On the other hand, local government
leaders have continued to adopt a friendlier posture with investors.
This is manifested by signing of a number of Memorandum of Agreement
forging cooperation in the promotion of the area, taking cognizant
thereto the significant role of the private sector as the engine of
growth in the province.
- Good transport mix.
The province has a good transport mix, making it more conducive
to industries in terms of managing an economical and easy flow of
raw material from their sources and the transport of their products
to various market destinations. Its position of having the most
direct sea-lane to and from the economic growth area in Luzon and
the Visayas is further enhanced with the development of the Nasipit
port into an international facility. Unlike other provinces, the
province has, within its area (Butuan City), an airport that serves
regular flights to the national capital and the booming city of Cebu.
Paved roads connect the province to neighboring provinces. Having a riverine transport along the Agusan River in the near future could further place the area as the premier market center of raw materials from the agriculture resource-rich Agusan del Norte.
Along with the aim of agro-industrialization, the province has the
edge of having several raw materials that could readily serve
processing plants. Being at the most direct influence area of the
fast growing subregional city of Butuan makes it the natural expansion
direction of spillover industrial activities from the city.
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