The bill would create a special economic zone in Medellín, Cebu, and set up a new authority (CFDEZA) to run it. It offers foreign investors tax and duty incentives, a 5 % final tax on gross income, and a path to permanent residency if they invest at least US $150,000. The zone is also meant to generate jobs for local residents and includes a labor center and one‑stop‑shop for permits.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB06058. Status changes over time; check the link for the latest.
HB06058 · Sources: BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.