Definition and Criteria of Strategic Investments
- Aligns with the Philippine Development Plan or similar national development plans.
- Characterized by significant capital investment, economic impact, positive environmental impact, contribution to balance of payments, complex technical processes, and infrastructure enhancement.
- Includes:
- Highly Desirable Projects recommended by the Fiscal Incentives Review Board under the CREATE Act.
- Foreign Direct Investments endorsed by the Inter-Agency Investment Promotion Coordination Committee.
- Projects under the Strategic Investment Priority Plan (SIPP) formulated by DTI-BOI.
Establishment of a Single Point of Entry (OSAC-SI)
- The DTI-BOI to establish a One-Stop-Action-Center for Strategic Investments within six months.
- OSAC-SI serves as the single entry for identifying, endorsing, processing, monitoring, and post-investment assistance.
- DTI-BOI to regularly update an investor manual listing government requirements and responsible agencies.
- Additional manpower and equipment will support OSAC-SI operations.
Creation of Green Lanes for Expedited Processing
- NGAs, LGUs, and quasi-judicial bodies to designate or establish Green Lanes to expedite and streamline processing for Strategic Investments.
- Green Lanes not to duplicate existing one-stop shops under other laws.
- Designation of an account officer responsible for coordination and recommending procedural improvements.
Processing Time and Application Action
- Prescribed maximum processing time:
- 3 working days for simple transactions.
- 7 working days for complex transactions.
- 20 working days for highly technical transactions.
- One-time extension allowed equal to the original processing time, subject to Citizen's Charter provision.
- Denials to be made in writing within prescribed period.
- Applications deemed approved if agency or LGU fails to act, except for registration and tax incentives under the CREATE Act.
- Definition of a "complete" application provided, disallowing additional requirements beyond Citizen's Charter.
Issuance of Permits and Recourse
- After lapse of processing time without action, DTI-BOI endorses the case to ARTA.
- ARTA to issue declaration of completeness and order issuance upon verification.
- Applies also to quasi-judicial bodies.
Simultaneous Processing and Affidavit of Undertaking
- NGAs and LGUs to presume related permits/licenses have been issued.
- Applicant to execute an affidavit committing to submit required documents within 30 working days.
- Agencies may verify status of related applications for timely processing.
- Permits issued subject to completion of outstanding requirements.
Monitoring and Reporting
- NGAs, LGUs, and quasi-judicial bodies to submit monthly status updates to DTI-BOI on Strategic Investment applications.
Electronic Submission and Computerization
- Mandatory electronic submission and issuance for permits/licenses, including payments and receipts.
- DICT to supply software and provide technical assistance for LGUs to computerize their systems.
Technical Working Group (TWG) Formation
- Led by DTI-BOI, includes DTI, DILG, DOF, NEDA, and ARTA representatives.
- Oversees implementation and addresses complaints including violations by third-party consultants.
- Ensures coordination among stakeholders.
Support, Reporting, and Funding
- All relevant government entities must assist in implementation.
- DTI-BOI to provide regular progress reports to the President.
- Funding from existing agency budgets; succeeding years to include in regular budget process.
Sanctions for Non-Compliance
- Non-compliance grounds for administrative and disciplinary action.
- Possible criminal, civil, or other liabilities pursuant to existing laws.
Repeal, Separability, and Effectivity
- Conflicting orders, issuances, rules or regulations repealed or amended.
- Provisions not affected by invalidity remain in effect.
- Order effective immediately upon publication in official or general circulation media.