Davao Occidental Investment Incentive Code

 

Republic of the Philippines

Province of Davao Oriental

 

PROVINCIAL ORDINANCE No. 04-2017

AN ORDINANCE ADOPTING THE DAVAO OCCIDENTAL INVESTMENT INCENTIVE CODE

 

Article 1. Title. This Act shall be known and cited as the “DAVAO OCCIDENTAL INVESTMENT INCENTIVE CODE”

Article 2. Declaration of Policy.To speed up the economic development of Davao Occidental, in accordance with its approved Provincial Development and Physical Framework Plan (PDPFP), and become and active partner in attaining the national goal, it is declared the policy of the Provincial Government of Davao Occidental, to create a favorable and conducive business climate to attract the inflow of new investments in the province in areas of agrisbusiness, tourism, infrastructure facilities and utilities, property development, transportation facilities, forestry and mineral resources, conventional and renewable energy sources, manufacturing and services.

The Province of Davao Occidental welcomes and encourages private, domestic and foreign investments in industry, agriculture, livestock, fisheries and aquatic resources, forestry, services to include creative and knowledge-based services and such other economic sectors which will provide significant employment opportunities, increase productivity of natural and human resources, introduce new technology and skills, qualify for global competitiveness, increase in the volume and value of exports and maintain ecological integrity and soundness.

Article 8. The Davao Occidental Economic Enterprise and Investment Promotion Office.The Provincial Economic Enterprise and Investment Promotion Office or (PEEIPO) for brevity, which shall act as a One Stop Shop, shall serve as the Technical Secretariat of the Board and such shall take an active role to implement the provisions of the Code.