LIST OF REQUIREMENTS FOR APPLICATION OF INVESTMENT INCENTIVES
-
Three (3) copies of completed Application Form from the LEDIPO
-
Duly signed copy of the Pre-investment Study/Feasibility Study of the proposed investment.
-
If the applicant is not a Sole Proprietor but falls under any of business organization that is listed in the application form; The following Documents is needed;
-
Duly approved Articles of Incorporation/ Partnership/Cooperation and By-laws for corporation, partnership, or cooperative applicant
-
-
Certified Copy of Certificate of Registration from DTI, SEC or CDA
-
Board Resolution authorizing the filing of the application for corporation, partnership, or cooperative applicant;
-
Copy of the Environmental Compliance Certificate (ECC) duly issued by the Department of Environment and Natural Resources, for projects/activities to be undertaken in Environmentally Critical Areas
-
Three-year Annual Production and Sales Performance Report for expansion and diversification projects (for expanding enterprise only);
-
Annual Tax Due to the City of Mati's Treasurer for the last three years (for expanding enterprise only);
-
Financial and Physical Assessment Report of the damages that caused the company to be in distressed status (for distressed enterprise only),
-
Other documentary requirements that may be determined by the Board.
Scan QR Code to Pre-Apply!
REGISTRATION PROCEDURE AND APPROVAL
Section 25. Registration Procedure and Approval - Application shall be filed to the MIPC and recorded in the Registration Book. The official date of acceptance shall be the date appearing in the stamped application form. Various steps and procedures in filing and approval of application for incentives availment shall be as follows:
-
Applicant submits duly filled-up application form together with all the documentary requirements as in this Code:
-
Applicant pays one-time non-refundable Registration Fee based on the capitalization herein specified. Receipt from the City of Mati's Treasurer's Office must be attached to the application documents upon submission:
-
The Technical Secretariat shall process, review and evaluate application. This shall then be forwarded for recommendation to the Board for approval/disapproval. The following criteria will be considered in the evaluation of application for registration and incentives availment:
-
Impact of the project on the local economy,
-
Overall viability of the project;
-
The extent of employment generation, and;
-
The Extent to which technological advances are applied and adopted to local conditions
-
-
The Board shall meet and decide on the application considering the recommendation of the Technical Secretariat;
-
For approved application, a Certificate of Registration duly signed by the Chairperson of the Board shall be given to the enterprise;
-
The Technical Secretariat shall provide all concerned agencies and entities the list of all companies/entities whose applications for registration were approved by the Board, and;
-
A Letter of Regret will be sent to entities which applications are denied. Any applicants that want to re-apply may do so provided that they will comply with the deficiency stated in the letter.
-
However, even if and when the application is being denied due to incomplete presentation of required documents, the application fee will still warrant the re-application of the particular business establishment/entity since the receipt is being issued upon the payment for application.
