COST OF DOING BUSINESS  AS OF  CY 2015

 

 

a.      Wage Rate

 

 

Industry Sector

Daily Minimum Wage Rate

(in Philippine Peso)

Basic Wage

COLA

TOTAL

Non-Agriculture

Php300.00

-

Php300.00

Agriculture

Php280.00

-

Php280.00

Retail Service

 

 

 

    Employing more than 10

Php300.00

-

Php300.00

    Employing less than 10

Php280.00

-

Php280.00

 

 

 

 b.      Power

 

Type

Average Rate per KWH

Residential

Php 10.88

Commercial

Php  9.72

Industrial

Php  9.72

 

 c.      Water

 

Type

Rate per cubic meter

Residential

Php 33.25

Commercial

Php 100.00

Industrial

Php 100.00

 

 

 

 

 

 

 

 d.      Communication Rates

 

 

 

Telephone

 

Category

Installation Cost

Monthly Subscription Cost

Domestic Long Distance Calls (per minute)

International Long Distance Calls (per minute)

Residential

Php1,100.00

Php600.00

Php5.00

Php150.00 (using card)

Commercial

Php1,500.00

Php1,048.00

Php5.00

Php150.00 (using card)

 

 

 

 

 

Internet

 

            Category

Rate per Hour

DSL Subscription

 

      Residential Package

Php 1.80

      Business Package

 Php 1,300/mo.

 

 

Internet Cafes

Php 20.00

 

 

 

 e.      Real Estate Cost

 

Classification

Cost per square meter

 

 

Residential

Php660.00

Commercial

Php1,100.00

Agricultural

 

Irrigated

Php400,000.00/hectare

Non-Irrigated

Php220,000.00/hectare

 

f.        Rental Rates

 

Classification

Cost per square meter per month

Residential

P80-100/sq.m./month

Commercial Space

P100-150/sq.m/month

Building Space

P150-250/sq.m/month

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. Investments Incentives

 

 

 

Under Article VII, Sec. 18 on the proposed ordinance enacting the Investment and Incentive Code of Isabela, subject to the approval of the Board, a registered enterprise may be granted the following fiscal incentives:

 

 

 

a.) Free use of real properties owned by the Provincial         Government   of Isabela for a period of ten (10) years subject to the condition that any and all improvements introduced and attached therein shall automatically accrue to the provincial government;

 

b.)       Exemption from payment of basic real property taxes, as far as    the share of the provincial government is concerned for a period of five (5) years for:

 

c.)       Equipment or devices or other equipment for pollution    control,   environmental protection equipments and structures, fire protection equipments and structures, flood control and mitigation structures as well as water treatment and purification equipments and structures for a period of give (5) years from date of commencement of business operation;

 

d.)       Lands, regardless of classification, if used exclusively for   parking, roads and other pathways provided that the same be open for use by the general public;

 

e.)       Exemption from transfer taxes of real properties    transferred in favor of the applicant;

 

f.)         Exemption from franchise tax for a period of five (5) years;

 

g.)       Free provincial health care enrolment, first month  premium, for all employees of new enterprises and additional employees of expanding/ modernizing/diversifying enterprises;

 

h.)       One-time first year enrolment to the PNB Gen Insurance for all employees of new enterprises and additional employees of expanding/ modernizing/diversifying enterprises.

 

 

 

 

 

REGISTERED ENTERPRISE MAY AVAIL OF THE FOLLOWING NON-FISCAL INCENTIVES:

 

 

 

a.)      Government registration assistance;

 

b.)      One-stop documentation center and application processing;

 

c.)       Labor recruitment, support for industrial peace through arbitration, mediation and reconciliation efforts;

 

d.)      Assurance of peace, order and safety;

 

e.)      PGI sponsored manpower development training to enhance workers skills;

 

f.)        Cooperative organization for employees and workers;

 

g.)      Extension of appropriate technical assistance and services;

 

h.)       Assistance in securing power and water supply connections;

 

i.)        Assistance in site selection and negotiation for road right of way.

 

 

 

PROSPECTIVE INVESTORS:  5 SIMPLIFIED STEPS IN OPENING  A BUSINESS IN ISABELA

 

 

 

 

 

a.)       Prospective Investors must write a letter of Intent to the Governor which includes the following information:

 

  1. Letter of Introduction and Intent
  2. Project Brief
  3. Articles of Incorporation
  4. Other necessary documents

 

 

 

b.)       Letter of Application shall be submitted to the Local Investment Board copy furnish the Isabela Investment Council and to the Provincial Investment promotion Center.

 

c.)       Feasibility Study of the proposed investment project shall be submitted for review, reference and approval to ensure that the proposed investment project is consistent with the Provincial priority Investment Areas.

 

d.)       Environmental Clearances shall be required from the prospective investors such as:

 

  1. Clearance from NCIP
  2. Environmental Impact Assessment (EIA)
  3. Environmental Compliance Certificate (ECC)

 

e.)       Get clearance from the Protected Area Management Board (PAMB) of the province, as the province has around 359,486 has. under NIPAS category declared as the Northern Sierra Madre Natural park, Fuyot Spring National Park and the Tumauini Forest Reserve.

 

 

 

  1. The establishment of a major road linkage between mainland Isabela and the Coastal Area (Rehabilitation and Improvement of Ilagan- Divilacan Road).

 

 

 

  1. Constituting the Isabela Coastal Development Authority (ICDA).

 

 

 

  1. Formulation of a Provincial Tourism Master Plan and Coastal Area Comprehensive Tourism Development Roadmap.

 

 

 

  1. Formulation of an Integrated Coastal Development Plan.

 

 

 

  1. Coastal and Marine Resources Management.

 

 

 

  1. Renewable Energy.

 

 

 

  1. Updating of the Provincial Physical and Development Framework Plan  covering the period CY 2016-2022  and a three year Provincial Development and Investment Plan covering the period CY  2016-2019  intended to coincide with three-year political term of the Governor. 

 

 

 

  1. Despite natural calamities such as floods and drought, Isabela is able to continue its lead in corn production  and remains as the Philippine’s top corn producing province.  Rice production also remains high and there are plans to develop productivity by enhancing technologies and post harvest facilities in order to be competitive  and raise the annual production growth rate.

 

 

 

  1.  The potential partnering of Multinational companies with local business to produce broilers and other poultry.  Part of the priority investment areas are hog production and processing and cattle fattening.

 

 

 

  1.  Develop Include in the agricultural development plan to concentrate on high value commercial crops including fruits and vegetables and identify the niche markets.

 

 

 

  1.  The potential to develop more large-scale agri-processing  industries.

 

 

 

  1. 13.   E-marketing/commerce.