INVESTMENT INCENTIVES TO PROSPECTIVE AND EXISTING INVESTORS

To attract more investments into the city, the Cagayan de Oro Investment Incentives Code was passed and approved in July 2002. It provides local tax breaks to eligible businesses within a prescribed period. Another ordinance was passed in 2006 that gave additional incentives to Information and Communications Technolodergy (ICT)-related businesses. To assist new and existing investors in their information and registration requirements, at any point in the investment process, the Cagayan de Oro Trade and Investment Promotion Center (Oro-TIPC) was created as a tripartite cooperation of the City Government, Department of Trade and Industry- Misamis Oriental Provincial Office and Promote CDO Foundation, Inc., a private sector business organization. Activated through Executive Order (EO) 151-14, the ORO-TIPC will accept and process the applications for certificate of registration for local incentives.

When already registered and compliant with the terms and conditions of registration, the registrant may claim the exemptions, at the appropriate time, by filing and obtaining a certificate of entitlement from the Oro-TIPC and presenting the same to the City Treasurer’s Office (CTO).

Manual for Registration and Availment of Local Incentives      Click here to see the manual

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