DAVAO CITY (MindaNews / 29 June) – At least two areas in Davao City are being eyed for conversion into agro-industrial economic zones to attract more investments here, an official of the Davao City…
DAVAO CITY – At least two areas in Davao City are being eyed for conversion into agro-industrial economic zones to attract more investments here, an official of the Davao City Investment Promotions Center said.
He added that there is an ongoing negotiation for the acquisition by the local government of the property in Daliao from the NDC so that this city can proceed with its plan of establishing its own industrial economic zone. According to the PEZA, non-fiscal incentives include the granting of special non-immigrant visas with multiple entry privileges for non-resident foreign nationals in a PEZA-registered Economic Zone Enterprise, particularly investor/s, officers, and employees in supervisory, technical or advisory position, and their spouses and unmarried children under 21 years of age; employment of foreign nationals; and long-term land lease of up to 75 years.
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