Print this page

PROCEDURE FOR FILING OF APPLICATIONS FOR INCENTIVES
UNDER THE LOCAL INVESTMENT CODE
  1. Applicant secure application form and checklist of requirements from the Investment Board, through its secretariat, the City Planning and Development office (CPDO), located at the 3rd Floor of the City hall, Bacolod City and with telephone no.433-70-41 /434-31-84 or Bacolod Business Development & Promotion Center Tel. No. 433-3795
  2. Applicant submits the accomplished form and supporting requirements to the City Planning & Development Office (CPDO) for review.
  3. When the application is complete, the City Planning and Development Office (CPDO)  recommends payment of the application fee to the City Treasurer's Office.
  4. The Official Receipt (OR) for the application fee is presented to the City Planning & Development Office (CPDO) which shall then officially receive the application, stamping therein the number, amount, and date of O.R.date of acceptance of the application, and the name of the receiving official, but subject to final evaluation and acceptance of the Local investment Board.

CHECKLIST OF REQUIREMENTS FOR AVAILMENT OF INCENTIVES
I. FOR SINGLE PROPRIETORSHIPS, PARTNERSHIPS, CORPORATIONS, AND COOPERATIVES:
  1. Three (3) copies of completed application form available from the Investment Promotions Center.
  2. A Business Plan of the proposed Investment ( prescribed form available from the Investment Promotions Center).
  3. A Certified copy of the Certificate of Business Name from the Department of Trade and Industry ( DTI ), or the Securities and Exchange Commission ( SEC ) or Cooperative Development Authority Registration.
  4. A Certification from the City Treasurer that the applicant has no outstanding obligation with the City.
  5. Certification of Registration Issued by government agencies if enjoying incentives under the National Laws.
II. ADDITIONAL REQUIREMENTS FOR PARTNERSHIPS,  CORPORATIONS, AND COOPERATIVES:
  1. Authority from the partners or Board of Directors (BOD) to file application for incentives.
  2. Partnership or incorporation documents.
  3. Articles of Cooperative and By- Laws ( for Coops.).
III. PROOF OF COMPLIANCE
The applicant should submit proof of compliance with the pertinent provisions of Section 9 to 15 as to capitalization, projected employment generation, nature of investments and  project location as the case may be. Also, compliance certificates required under existing laws, eg. Environment Compliance Certificate (ECC), should also be provided to the Investment Board.

__________________________________________________________