22/01/2025
๐๐๐ฏ๐๐จ ๐๐ข๐ญ๐ฒ ๐ ๐ข๐ฏ๐๐ฌ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ ๐ข๐ง๐๐๐ง๐ญ๐ข๐ฏ๐๐ฌ
The City Government of Davao, through the Davao City Investment Promotion Center (DCIPC), continues to offer fiscal and non-fiscal incentives to local and international investors in the city.
Following the Davao City Investment Incentive Code, the city offers fiscal incentives composed of three years of business tax exemption; two years of real property tax exemption; and three years of Mayorโs Permit, fees, and licenses exemption.
If the investor invests in preferred districts like Calinan, Paquibato, Marilog, and Baguio, they are entitled to five years of business tax exemption; five years of real property tax exemption; and five years of Mayorโs permit, fees, and licenses exemption.
To avail of these fiscal incentives, investors may process their applications online at https://invest.davaocity.gov.ph/. They may also visit the center located at the third floor of the Investment Promotion and Tourism Building in Palma Gil St., Davao City.
Investors are also entitled to non-fiscal incentives wherein the DCIPC will provide them with business information data-banking; assistance in arranging site visits; and investment counselling and business matching. The DCIPC will also facilitate the processing of local permits and licenses.
The DCIPC also continues to provide other services to interested investors such as referral for manpower sourcing and referral of ideal location for certain projects in line with the cityโs approved zoning ordinance.
In addition, the DCIPC provides investment fora and seminars; direct investment marketing; trade and tourism fairs and exhibits; investment briefings; and business consultation with strategic investors and the business community among others.
For 2025, the DCIPC plans to further enhance promotion initiatives primarily in the face-to-face domestic and international investment road shows.
The center also eyes to enhance the cityโs participation in trade expos and exhibits like Osaka 2025, DATE, and ICON.
DCIPC will also further strengthen its current investment strategiesโ by improving its actual and offline collaterals that reinforce its promotional and marketing initiatives, maximize its current networks, and improve the cityโs investment brand and image.โ
In line with this, the DCIPC eyes the creation of a new โInvest in Davaoโ video; the updating and translation of Invest in Davao brochure; improvement of online services; and holding a โSister Cities Trade Fairโ during the Kadayawan Festival.
In a bid to contribute further to the collection of revenue for the city government, the center also plans to continue exploring programs and projects that could generate revenues for the city as well as to make amendments to the Davao City Investment Incentive Code.
