The Bases Conversion and Development Authority (BCDA), is vested with corporate powers under Republic Act 7227 (Bases Conversion Act of 1992) to: accelerate the sound conversion of former military baselands into globally competitive investment centers; optimize revenue generation from the disposition of former Metro Manila camps; and, create opportunities for employment in Central Luzon.

Since 1994, prudent asset management and a deliberate asset disposition program enabled BCDA to generate P41-billion-through property sale, lease, and joint venture with real estate leaders Ayala Land, Inc. and Megaworld Corporation, among others.

These efforts have given rise to a premier business district in the 150-hectare Bonifacio Global City (BGC), where 2.6 million square meters of floor area are expected to be completed by 2012. The Villamor Air Base, currently being primed for airport-related developments, is expected to follow suit as the Newport City is fast taking shape on a 25-hectare land.

On the other hand, the BCDA opened in 2008 the country's longest and most modern tollroad, the 93.77-kilometer Subic-Clark-Tarlac Expressway (SCTEX) that will transform the Subic-Clark corridor into a world-class logistics hub. Described as the backbone of a new economic corridor, the SCTEX now provides a seamless link between the Subic Bay Freeport Zone, and the Clark International Airport and Special Economic Zone.

Also, new opportunities for investments continue to open in BCDA-administered zones-Clark Special Economic Zone (CSEZ) and Clark Freeport Zone (CFZ) in Pampanga; Bataan Technology Park (BTP) in Morong, Bataan; Poro Point Freeport Zone (PPFZ) in La Union; and the John Hay Special Economic Zone (JHSEZ) in Baguio City.

Since its creation in 1992, the BCDA has proven to be one of the most successful government agencies in attracting investments, creating jobs for the Filipino people and boosting the country's economy. It has remained at the forefront of development efforts in the country.

Investment Priority Areas

• Hotels and Resorts
• Leisure Tourism
• Golf Club
• Gaming and Amusement
• Seaport Operations
• Aviation Related

Incentives

• I. Poro Point Freeport Zone (PPFZ)
  
  
  A. PPFZ Registered Enterprise Incentives
  • Tax and duty free importation of raw materials and capital equipment.
  • PPFZ shall be managed as a separate customs territory, ensuring free flow of articles within the Freeport
  • Unlimited purchase and consumption of tax and duty free consumer goods within the PPFZ
  • No local and national taxes. In lieu of taxes, PPFZ enterprise shall pay a fee of five percent (5%) of gross income earned.
         -To the National Government (3%)
         -To the Local Government Unit (2%)
  
  
• II. John Hay Special Economic Zone (JHSEZ)
  
  
  B. JHSEZ Registered Enterprise Incentives
  • Exemption from taxes under the National Revenue Code (NRC)
  • Exemption from local taxes except real property taxes
  • Transactions are zero-rated
  • Fiscal Incentives provided under PD 66
  • Fiscal Incentives provided under EO 266 (Omnibus Investment Code of 1987)
  • Preferential Income Tax treatment on gross income earned within the economic zone which is Five percent (5%) of the gross income earned in the following percentages:

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