Bataan goes global

09 July 2021 | By J. Albert Gamboa

The Manila Times

MARIVELES, BATAAN: This first-class municipality at the southern tip of Bataan Peninsula is a picturesque coastal town adjacent to Manila Bay and the West Philippine Sea. It is the site of FAB or the Freeport Area of Bataan, a special economic zone with the fastest growing freeport in the Philippines.

As the country’s only freeport that allows investors to own real property, FAB offers the best incentives to investors, including an income tax holiday (ITH) from four to eight years; 5-percent tax in lieu of local and national taxes after the ITH period; duty-free importation of capital equipment, raw materials, consumer goods and personal items; domestic sales allowance of up to 30 percent of total sales; exemption from wharf age dues, export taxes, impost and fees; plus a special investor’s visa.

Read more: https://www.manilatimes.net/2021/07/09/business/top-business/bataan-goes-global/1806343