This article discusses the necessary requirements in order to register a company with the Philippine Export Zone Authority (PEZA).
Registration with PEZA
Republic Act No. 7916, as amended by Republic Act No. 8748, otherwise known as the Special Economic Zone Act of 1995, allows the creation of special economic zones to attract legitimate and productive foreign investments. There are many incentives given to those located in special economic zones. For this reason, it is quite prudent to have an enterprise registered with the Philippine Export Zone Authority or PEZA.
The basic requirements in applying for PEZA registration are:
- Application Form
- Project Brief
- Anti-Graft Certificate
- SEC Certificate of Registration, Articles of Incorporation and By-laws
- Applicant’s Notarized Undertaking
- Secretary’s certificate authorizing the application for registration with PEZA
The heart of the PEZA application is the Project Brief. It is composed of the Corporate Profile, Technical Aspect, Market Aspect, Economic and Financial Aspect
The Corporate Profile shall include details not only of the applicant but also that of its parent company. Said profile should state the company history, bio-date of its principal officers, list of any affiliated companies registered with PEZA or Board of Investments and audited financial statements for the last three (3) years. It also includes the number of employees and manpower required spread over the next three (3) years. Furthermore, it shall also have a timetable of project operations.
Anent the Technical Aspect, the following need to be specified:
- Products/services description and application
- Manufacturing Process/ Service Flow
- List and source of raw materials
- List, sources and costs of machinery and equipment
- Production Schedule
- Area and utilities requirement
- Waste and System Disposal
With regard to the Market Aspect, the following details should be supplied:
- Ares/countries of export markets
- Percentage of export over domestic sales
- Projected Volume and Value of export sales (for 3 years)
As to the economic and financial aspect, the initial project cost as well as the sources of financing must be included.
The usual fees that have to be paid are:
- Application Fee of P3,600.00
- Registration Fee of P6,000.00
- Filing Fee for DENR of P4,000.00
About Nicolas and De Vega Law Offices
If you need assistance in registration with the Securities and Exchange Commission, or have issues in corporate law, commercial law, corporate or commercial litigation, or civil or other criminal law-related issues, we can help you. Nicolas and de Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com.