SB 732
Senate·20th Congress·Filed Jul 21, 2025
Business Incentives for OFWS Act
An Act Granting Benefits and Incentives to Overseas Filipino Workers Investing in Business in the Philippines
In plain language
The proposed Business Incentives for OFWs Act would give Filipino workers abroad a five‑year income‑tax break, cut property taxes in half, waive import duties on equipment, and offer low‑interest government loans if they start or buy a business that is at least 51 % owned by OFWs. Applicants would register for free with the BIR, receive a certificate within 15 working days, and could also attend government‑run financial‑literacy and entrepreneurship trainings. The incentives cannot be transferred, and any fraud‑r
Business, Trade and IndustryTaxationLabor and Employment
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Business Incentives for OFWsOverseas Filipino Workers (OFWS)/ Migrant Workers
Official sources
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SBN-732 · Sources: BetterGov Open Congress, BatasWatch