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Cagayan Economic Zone Authority (www.ceza.gov.ph)

The Cagayan Economic Zone Authority (CEZA) is a government owned and controlled corporation created by virtue of Republic Act 7922, otherwise known as the "Cagayan Special Economic Zone Act of 1995".

The Cagayan Special Economic Zone and Free Port (Cagayan Freeport) is located at the country's northeastern tip, a strategic location for dynamic enterprise development. The location is at the crossroads of international shipping lanes and is thereby open to a number of lucrative markets which include Japan, China, US West Coast, Hong Kong and Taiwan.

The CSEZFP encompasses the entire municipality of Sta. Ana in Cagayan Province as well as Fuga, Barit and Mabbag islands in the municipality of Aparri. These areas are characterized by its untapped natural and economic resources. The Zone, 54,118.95 hectares large, is poised to become the one of the country's most important agro-industrial, commercial, tourism, recreational and transshipment hub.

Investment Priority Areas

  • Gaming Activities

    • By virtue of the powers and functions of CEZA stated under RA 7922, CEZA can operate on its own, either directly or through a subsidiary entity, or license to others, tourism-related activities, including games, amusements, recreational and sports facilities such as horse racing, amusements, gambling casinos, golf courses and others. This particular power of CEZA is independent from the Philippine Amusement and Gaming Corporation (PAGCOR) for as long as the gaming activity is held within the Cagayan Freeport.


  • Tourism and Resort Facilities/Services

    • CEZA offers a friendly investment environment coupled with the natural tourist attractions surrounding the Cagayan Freeport. Thus, accommodation facilities and tourism activities must be developed to address the influx of tourists and prospective investors in the coming years.


  • Business Process Outsourcing

    • The availability of advanced telecommunication facilities makes the Cagayan Freeport a viable site to operate various business process outsourcing activities.


  • Processing and exportation of sand, gravel, armored rocks and limestone (Mining and Quarrying)

    • The Cagayan Region is rich not only in agriculture and marine resources, but with mineral resources as well. Many sites have been identified to be abundant in metallic and non-metallic reserves.


  • Marine Products Processing

    • The area of the Cagayan Freeport is recognized the Game Fishing Capital of the Philippines with the surrounding waters comprising of the South China Sea and Pacific Ocean. Hence, propagation of marine products is sure to flourish in the area.


  • Real Estate Development

    • A world class economic zone is not complete without a fully developed Industrial Park Complex to compliment the operations of the seaport.


  • Port Operations

    • The existing Port of Irene in the Cagayan Freeport needs to be upgraded and developed further to be a viable shipping and transshipment hub in Asia. Development and operation of the port is currently being offered to major port operators.


  • Power Generation and Distribution

    • A major component of development is the availability of stable, reliable and affordable power that would suffice the requirement of the Cagayan Freeport. Renewable power sources are mainly being considered. CEZA, however, is still open to the option of operating traditional power generating facilities.


  • Agro-industry

    • The Cagayan Region, being an agricultural basket of the Philippines, can provide the produce and raw materials relative to agro-industrial products.


  • Water Supply and Treatment Facility
  • Solid Waste Management Facility


Incentives

  • 4-6 years income tax holiday
  • Special Tax Rate of 5% of gross income in lieu of all local and national taxes
  • Tax credits for foreign corporations
  • Tax and duty free importation of articles, raw materials, capital goods, equipment and consumer items;
  • Permanent resident status for foreign investors and immediate family ( must maintain not less than US$150,000 capital);in the Zone
  • Other applicable incentives under Omnibus Investment Code of 1987:
  • Multiple entry visa, valid for a period of three years;
  • Tax treatment of merchandise;
  • Tax credits;
  • Additional deduction for labor expense;
  • Exemption from local taxes and licenses;
  • Exemption from Contractor's Tax;
  • Exemption from Wharfage Dues and any Export Tax, Duty, Import Fee on non-traditional export products.


Contact


Mr. Julius C. Ordoña
Business Development/Marketing Chief
Tel No. (+632) 747-3058; (+632) 636-5776
E-mail: jay_ordona@yahoo.com

Address:
7/F Westar Bldg., 611 Shaw Blvd., Pasig City, 1603 Philippines

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