More and more call centres and other BPO companies in the Philippines are now opting for PEZA registration. Most of these businesses are located in PEZA buildings in Makati, Fort Bonifacio, Ortigas, McKinley Hill, Eastwood and other sites located outside Metro-Manila. SECTION 3. Transfer of lease rights – All rental rights acquired under a long-term lease under this rule and the law may be sold, transfer, transfer or transport: provided that the purchaser or assignee is a Filipino national or a company wholly owned by Philippine citizens, the restrictions in Section 1 do not apply with respect to the maximum rental period: finally, provided that the purchaser or assignee is a registered ECOZONE business or has all the qualifications and that none of the disqualifications of registration as an ECOZONE company are involved. The registration/complement agreement of a company registered by PEZA contains guidelines on the conditions to be met to maintain its registration and, ultimately, to benefit from the incentives it grants to register with PEZA. The implementation of the above operations is not automatic and prior registration is required. A new entity could submit an application to the Securities and Exchange Commission (SEC) or after SEC approval during the creation phase. A number of documentation requirements apply to a particular type of activity to be recorded. This may include SEC corporate documents, business plan, etc. PEZA locators must be located in a specific ecological zone to qualify. To this end, an ecological zone is a building accredited by PEZA or as a computer building. Recently, the Bureau of Internal Revenue (BIR) has executed mission orders authorizing financial officials to conduct tax mappings requiring them to inspect the premises of tax payers in a given territory and to assess compliance with registration and accounting rules and rules, including when issuing sales invoices or receipts, among other things.
With the introduction of this new system, applications can now be filed electronically with PEZA. Application forms filled with required attachments (including proof of payment of registration fee) can be scanned and emailed to firstname.lastname@example.org developer ecozone and email@example.com for Ecozone developers The following PEZA applications can be filed via this new system: see “Registration Certificate” the certificate issued by PEZA when registering with eco Enterprisezone. SECTION 5. Limitation of the right to incentives – THE incentives granted by PEZA apply only to the registered activities of the company ECOZONE and only during registration with PEZA. E. With regard to tourism projects, the rental of private land by a registered corporate tourism ecozone, located entirely abroad or holding more than 40% of the capital unpaid by foreigners, is granted to projects with an investment estimated at no less than $5 million (70%) Limited. three years after the implementation of the lease, this project should be infrement. In the event of a breach of this condition, the lease is deemed terminated and terminated at the end of the three-year period, unless the PEZA grants an extension for clearly justified reasons. With the imperative requirement to secure the BIR registration of PEZA sites or project offices, I remember another question – are they also required to keep separate book books and issue separate receipts and invoices? SECTION 1. Applicability – These rules apply to all areas and special economic zones under the amended law and decree, as well as to all companies registered before these rules come into force with the relevant authority on the receipt of export processing zones, without the need to apply for registration with the PEZA.