Category: tourism and investments

INVEST SAMAL!


Island Garden City of Samal investors contemporarily enjoys high fiscal incentives and the leverage to experience and indulge of natural and economic advantage.  LIVE, WORK, PLAY. Enjoy tranquility, and DISCOVER uniqueness of the city’s exquisite beauty and a promising business potential. 

Doing business in Samal is quite easy where the city business-friendly atmosphere assures fast business processes and procedures. Please take note of the contact details indicated in this material so you can avail of business entry facilitation services. 

Cost Of Doing Business

Minimum Daily Wage

Water Rates in PhP

Power Rates (KwH)  

Mobile Call Rates

Hotel Rates per Night

Real Estate Rental Rates (sq/m per month)

 

Where to Invest?

Where to Invest?

Samal has numerous areas to locate a business where availment of incentives packages is readily available. Here are some of the identified key industries listed in the Updated Priority Investment Plan.

  1. Knowledge-Based Services. BPO, IT-and IT-enabled services.  
  2. Light Energy and Power
  3. Infrastructure. (Bridges that connect the Island of Samal to the mainland of Davao,and Samal to Talikud Island)
  4. Transshipment and Logistics Facilities and infrastructure.
  5. Research and Development.
  6. Tourism
    • MICE facilities;
    • Amusement and eco-adventure facilities;
    • Sports facilities and recreational centers;
    • Theme Parks;
    • Hospitals
  7. Beach Resorts and Inland Resorts
  8. Development of retirement villages
  9. Agriculture/Agri-Business 
  10. Agricultural Processing. /Fishery
  11. Property Development

Details for each Investment Priority Areas are enumerated in the Island Garden City of Samal Investment Code which can be viewed at www.samalcity.gov.ph or you may acquire copy  at the IGACOS Investment Promotion Office (IIPO).

NOTE: Those intending to invest in other business activities not listed in the Investment Priority Plan are also welcome and can still avail of the non-fiscal incentives free 

Other Incentives

Incentives to Qualified Investors

Availment of incentive package can be avail through the IGACOS Investment Promotion Office.

  1. Exemption from payment of Business Sales tax for a period of 5 years in a graduated basis.
  2. Exemption from payment of Basic Real Property tax for a period of 5 years in a graduated basis.

 

Free Professional Services to Investors

The IGACOS Investment Promotion Office (IIPO) also offers free professional services to investors such as:

  1. Data-banking to support business information requirements.
  2. Facilitate processing of local and national permits and licenses.
  3. Referral of ideal project locations based on the Comprehensive Land Use Plan (CLUP) of the city.

Contact Information

Contact Information

The IGACOS Investment Promotion Office has establishes linkages to other government regulatory agencies such that business meetings can be pre-arranged conveniently to facilitate your business concerns.

IGACOS INVESTMENT PROMOTION 

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CITY PLANNING AND DEVELOPMENT OFFICE

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CITY ENGINEER’S OFFICE

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BUSINESS PERMITS & LICENSING 

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