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PEZA Incentives
LiMA is a proclaimed Special Economic Zone entitling LiMA and its qualified locators to certain tax and non-tax incentives. The incentives are provided for export enterprises; domestic market, facilities, utilities and tourism enterprises; and ecozone developer /operator enterprises. |
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Under Republic Act No. 7916, otherwise known as "the Special Economic Zone Act of 1995" , registered Export or Free Trade Enterprises operating in ECOZONES or Special Economic Zones shall enjoy the following incentives:
- Income Tax Holiday (ITH) for 4 years to a maximum of 8 years
- After the lapse of ITH, exemption from national and local taxes; in lieu thereof, special 5% tax rate on Gross Income
- Exemption from duties and taxes on imported capital equipment, spare parts, materials and supplies.
- Tax credit for import substitution
- Exemption from wharfage dues, export tax impost or fees
- Tax credit on domestic capital equipment
- Tax and duty-free importation of breeding stocks and genetic materials
- Tax credit on domestic breeding stocks and genetic materials
- Additional deduction for training expenses (labor and management)
- Permanent resident status for foreign investors and immediate members of their families
- Employment of foreign nationals
- Additional deduction for labor expense (50% of wages corresponding to increment in number of direct labor subject to certain conditions)
- Exemption from SGS inspection
- Simplified import - export procedures
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Business / Investment Opportunities
Attuned to the overall vision of a fully-integrated community, LLI has set its focus on the development (either via joint or outright sale) of remaining available properties which include the following: |
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- Isleworth Properties (9.9 has.) This property was formerly a garments factory. It has 2 major structures with a
combined floor area of 2.8 hectares. This is ideal for major manufacturing concerns, taking advantage of the
existing structures. Indicative selling price is USD45 per square meter, inclusive of all existing improvements.
- Commercial – A (8.7 has.) This refers to the prime commercial lots located in front of Lima City Hotel near the main road. Lots are open for the development of any retail and/or F&B-oriented projects that would cater to locators, their employees, and the general public.
- Commercial – B (73.9 has.) The property across the LiMA Technology Center on the west side of the National
Highway. This area is earmarked for future development into commercial and residential projects as part of the township concept. This area will be directly accessible from the STAR Tollway through the planned LiMA
Interchange and the JP Laurel National Highway.
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