The Davao City Investment Promotion Center (DCIPC) amplified its promotions initiatives to further attract domestic and international investors.
With over P3.4 billion-worth of actual investments in 2024, the DCIPC is set to enhance the existing Investor Incentive Code of the city to make investing in Davao City faster and more rewarding.
The 21st Davao City Council on Tuesday approved on its first reading the proposed amendments to the incentive code.
These amendments aim to align the city’s investment policies with sustainable development priorities while enhancing their relevance and responsiveness.
Currently, investors may avail of several fiscal and non-fiscal incentives based on the existing incentive code.
Fiscal incentives include three years of business tax exemption; two years of real property tax exemption; and three years of mayor’s permit, fees, and licenses exemption.
Should the business decide to invest in preferred districts like Calinan, Paquibato, Marilog, and Baguio, they are entitled to five years of business tax exemption; five years of real property tax exemption; and five years of mayor’s permit, fees, and licenses exemption.
Non-fiscal incentives include the programs and services offered by the DCIPC to investors which include business information data-banking, and investment counselling and business matching.
The DCIPC will also facilitate processing of local permits and licenses, as well as arrange site visits.
On top of these, the DCIPC also assists investors in finding ideal locations for certain projects based on the city’s approved zoning ordinance.
“We at DCIPC are committed to guiding investors every step of the way, providing seamless processes and personalized support so they can thrive in the city we proudly call the prime investment destination in the Philippines,” Christian Cambaya, Acting Head of the DCIPC, said in an interview.
“Davao City is not just open for business, it is ready for the future. Our top investment sectors reflect the city’s commitment to inclusive, sustainable, and innovation-driven development. Whether you’re in real estate, agri-enterprise, clean energy, or tech-enabled services, there’s a place and a promise for you in Davao,” he added.
Interested investors may reach the DCIPC through its email at dcipc@davaocity.gov.ph or call them at (082) 285-5750 to know more about location availability, logistics hubs, and investment perks. CIO