Preferred Activities for Investment
- Covers diverse sectors prioritized for incentives under the IPP.
1. Activities Related to COVID-19 Pandemic
- Production of medicines, medical devices, PPE, laboratory supplies, sanitizers, and repurposed manufacturing.
- Essential services including crematoriums, health waste disposal, laboratories, hospitals, quarantine facilities.
- Covers additional products and services related to COVID-19 as determined by the BOI.
2. Employment Generation Programs Outside Congested Urban Areas
- Includes activities supporting initiatives like the Balik Probinsya Program.
- BOI may grant up to six years Income Tax Holiday (ITH) if activity is critical to mitigating COVID-19 impacts.
3. Qualified Manufacturing Activities, Including Agro-Processing
- Manufacture of industrial goods, agricultural and fishery product processing, including halal and kosher foods.
- Includes production of modular housing components, machinery and equipment.
- Modernization projects only qualify for Metro Manila registration.
4. Agriculture, Fishery, and Forestry
- Commercial production and support services such as nurseries, hatcheries, postharvest facilities.
- For Metro Manila, qualification limited to agricultural infrastructure, support services, and urban agriculture.
5. Strategic Services
- Include IC design, IT-BPM services for domestic market, digital start-ups.
- Aircraft Maintenance Repair and Overhaul (MRO).
- Charging/refueling stations for alternative energy vehicles (excluding LPG).
- Industrial waste treatment facilities, telecommunications (only new players), state-of-the-art engineering.
6. Healthcare and Disaster Risk Reduction Services
- Establishment and operation of hospitals, medical/healthcare facilities, drug rehabilitation, quarantine centers.
7. Mass Housing
- Development of housing units priced up to Php2.0 million.
- In-city low-cost dwelling projects for lease/rent, with restrictions for Metro Manila.
8. Infrastructure and Logistics Including LGU-PPPs
- Physical infrastructure vital to economic development such as airports, seaports, transport, LNG facilities, pipelines.
- Includes PPP projects initiated or implemented by Local Government Units.
9. Innovation Drivers
- R&D activities, clinical trials, Centers of Excellence, business incubation hubs, smart cities, fablabs.
- Commercialization of new technologies, uncommercialized patents, agricultural biotech tools, disaster mitigation tech.
- Covers startups under the Innovative Startup Act.
10. Inclusive Business Models
- Medium and large enterprises in agribusiness and tourism providing business opportunities to micro and small enterprises.
- May qualify for Pioneer status.
11. Environment or Climate Change Related Projects
- Manufacture and assembly of goods and energy efficiency facilities that promote resource efficiency, pollution minimization, and greenhouse gas reduction.
- Includes green ship recycling per international standards and materials recovery facilities.
12. Energy
- Power generation utilizing conventional fuels and waste heat.
- Battery energy storage system projects.
Export Activities
- Production and manufacture of export products.
- Service exports and activities supporting exporters.
Special Laws Coverage
- Industrial tree plantation, mining (capital equipment incentives), publication or printing of books/textbooks.
- Refining, storage, and marketing of petroleum products.
- Rehabilitation of persons with disability.
- Renewable energy, tourism, and energy efficiency.
Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) Priority Investment Areas
A. Export Activities
- Export traders and service exporters.
- Support activities for exporters.
B. Agriculture, Agribusiness, Aquaculture and Fishery
- Agricultural production, farming, plantation, processing within BARMM lands.
- Value-chain, logistical, and supply chain agribusiness activities involving BARMM products.
- Aquaculture including marine, inland, and brackish water farming, hatcheries, and processing.
C. Basic Industries
- Production of pharmaceuticals, herbal medicines, textiles, water supply, traditional crafts, fertilizers, ship repair, cement, and concrete aggregates.
D. Infrastructure and Services
- Strategic infrastructure such as railways, bridges, tollways, flood control.
- Transportation and telecommunications, including international gateway facilities with BARMM franchise.
E. Industrial Service Facilities
- Industrial estates, testing and quality control labs, manpower training centers, call centers, tool and dye shops.
F. Engineering Industries
- Engineering products, electronics, telecommunication products, prefabricated construction materials including 3D-printed and indigenously sourced materials.
G. Logistics
- Logistics, supply chain, shipping, trucking, warehousing, ports industry based in BARMM.
- Ancillary services to ports such as arrastre and stevedoring encouraged.
H. BIMP-EAGA Related Investment Enterprises
- Enterprises using the BIMP-EAGA framework with base operations in BIMP-EAGA member areas investing in BARMM economic activities.
I. Tourism
- Tourism facilities and services catering to BARMM tourists.
- Halal-based tourism and development of retirement villages with medical amenities.
J. Health and Education Services
- Private hospitals, medical clinics, wellness centers, schools, vocational-technical institutions, and teacher training centers.
K. Halal Industry
- Halal-compliant businesses obtaining certification or operating under Islamic law principles.
- Integration of halal principles in production and value-adding processes.
L. Investment Operations under Republic Act No. 11439
- Shari’ah-compliant investment operations by Islamic banks in BARMM priority areas.
M. Energy
- Investments in power generation, transmission, and distribution.
- Priority for off-grid and Small Power Utility Group (SPUG) areas due to low electrification rates.
- Construction of substations and transmission towers to address power outages caused by disasters.
Registration and Qualification Notes
- Manufacturing projects subject to criteria defined by the Board of Investments.
- Healthcare services subject to positive list of locations as endorsed by the Department of Health.
- Certain IT-BPM activities in Metro Manila phased out from incentives starting 2023.
This comprehensive plan outlines government priorities to stimulate investments essential to public health, economic recovery, regional development, and sustainable growth in the Philippines and BARMM region.