Investment Profile

Puerto Princesa, the gateway to Palawan, offers prime investment opportunities in tourism, sustainability, infrastructure, and emerging industries, backed by rich resources, a growing economy, and investor- friendly policies

City Investment Profile

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CITY ORDINANCE NO. 461: PUERTO PRINCESA INVESTMENT CODE

The City Government of Puerto Princesa offers fiscal and non-fiscal incentives to investors in preferred investment areas under Ordinance No. 461 and City Ordinance No. 919

FISCAL INCENTIVES Business tax and real property tax incentives on preferred investment areas, based on the following graduated scheme:

Number of YearsSmall & Medium EnterprisesLarge EnterprisesJoint Venture
1st Year100%100%100%
2nd Year75%100%100%
3rd Year50%75%100%
4th Year25%50%75%
5th Year25%50%75%

NON-FISCAL INCENTIVES

Qualified enterprises may avail of the following non-fiscal incentives to be provided by the City Government of Puerto Princesa, through the City Investment Promotions Division:

  • Assistance in securing local permits and licenses
  • Assistance in identifying business location and plant sites
  • Joint-venture matchmaking
  • Facilitating service connections with local utilities
  • Other non-fiscal incentives as may be determined by the Puerto Princesa City Investment Promotions Board (PPCIPB)

PREFERRED INVESTMENT AREAS

Tourism Facilities

Primary Enterprise

  • Hotel
  • Resort
  • Tourist Inn
  • Pension House
  • Apartment Hotel (Apartelle)
  • Tourist Transport Operator
  • Spa
  • Sports and Recreational Facilities
  • Eco-Tourism and Agri-Tourism Facilities other than Accomodation/Resort Facilities
  • Theme Parks (Natural and Adventure Related Activities)
  • Medical Tourism Hospital
  • Tourism Estates and Tourism
  • Economic Zones
  • Convention Centers and Cultural Facilities

Tourism Mile/Night-time Economy

  • Stretch of road from Capitol, Rizal Avenue Extension, to Canigaran Beach, Bancao-Bancao

Renewable Energy/Sustainable Energy

  • Waste to Energy
  • Solar Power
  • Hydro Power
  • Tidal Power
  • Wind Power
  • Biomass/Biogas
  • Natural Gas

Circular Economy Facilities

  • Material Recovery Facility
  • Composting Facility
  • Hospital Waste Treatment Facility
  • Anaerobic Digestion & Biogas Facility

Agriculture/Fishery/Forestry

Mariculture Development

  • Hatchery Complex for various marine species
  • Seaweed processing
  • Mariculture park

Commercial Hatchery Operations

  • Dairy Farm
  • Integrated Beef Cattle Production (Commercial Operations)
  • Commercial Meat Processing Plant

Mariculture Activities

  • Pearl Farm
  • Seaweed farming and production
  • Bangus/tilapia culture

Water Activities/Water establishments

  • Water park
  • Rubberized floating island
  • Jet ski and other watersports facilities/acitivities

Forest Park

  • Healing Forest
  • Retirement village and facilities

Others:

  • Coconut By-products Production Livestock and Poultry Integrated Agro/Marine Processing Center
  • Integrated Feed Mill (Livestock, Poultry and Fisheries)
  • Operations of a Cold Chain Process for agricultural products (Crops, Meat, Fish, etc.)
  • Commercial Plantation (Fruits, Fruit Trees, and Vegetables)

Information and Communications Facilities

  • Business Processing Outsourcing (BPO)
  • Film-making/documentary
  • Film Industry

CITY ORDINANCE NO. 919: TOURISM MILE (NIGHT TIME ECONOMY)

What is City Ordinance No. 919?

City Ordinance No. 919 enacts the inclusion of the Tourism Mile in the preferred areas of investment qualified to avail of tax incentives. Tourism Mile is the stretch of road along Rizal Avenue Extension to Abrea Road until the third lot, Barangay Bancao-Bancao, Puerto Princesa City.

What businesses are on the Tourism Mile?

All MSMEs and large enterprises, such as:

  • Hotel
  • Resort
  • Tourist Inn
  • Pension House
  • Apartment
  • Travel and Tours
  • Restaurant/restobar/fastfoods
  • Computer shops
  • Coffee Shops
  • Games and amusement (billiards, bowling, and the like)
  • Music and Sports Center
  • 24/7 Convenience Store
  • Money changer
  • Boutique/Souvenir Shop
  • Beauty salon
  • Massage parlor/spa
  • Winery
  • Dance studio/fitness center (yoga, zumba, ballroom dancing, etc.)
  • Pharmaceutical
  • Theater/cinema

What are the qualifications for applying enterprises? Businesses that will invest within the Tourism Mile shall have no required capitalization and must be newly established businesses.