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INVEST OFFICE SERVICES PROCESS FOR REGISTRATION PROCEDURES AND APPROVAL OF APPLICATION S SERVICE:

2011

ABOUT THE SERVICES:

For availment of Incentives under the Ilocos Norte Investment Code of 2006, Provincial Ordinance No. 045-2006, Filed and Approved at the Ilocos Norte Investment Center

COVERAGE:

Shall apply to persons, entities and enterprises belonging to small, medium and large –scale categories in the preferred areas of investments in eco-tourism, agri-business, mining, alternative energies, services and other areas of investment as maybe determined by the Investment Board. Existing and New enterprises

REQUIREMENTS:

The following documents shall be submitted to the Ilocos Norte Investment Incentive Board through INVEST when applying for registration in order to avail the incentives provided by the Investment Code. 1. Application for Registration Form, to be provided by INVEST. Required Supporting Documents as Integral Part of Application: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

Letter of intent with Company profile & brochures Certified True Copy of Securities and Exchange Commission (SEC) Certificate, Articles of Incorporation and By-Laws/DTI Registration Notarized resume of the Chairman of the Board, Corporate Secretary, and Treasurer Photocopy of valid identification cards For foreigners, photocopy of passport Proposed site development plan with perspective drawings/construction timetable/financial schedule (if applicable) Letter of References ECC permit (if applicable) Certified True Copy of the Titles of the Land subject for the availment of Fiscal Incentives and Receipts/Certification showing the previous payment of Real Property Tax Copy of the latest Financial Statement of the applicant firm (for existing enterprises) Board Resolution of authorized person to file the application (for corporate type of ownership) Latest Income Tax Return of applicant enterprise for parent/management company (if applicable) Receipt for the payment of filing fee Bank Certificate of Deposits/Certification of Approved Loan or Credit Line Other licenses and permit, clearances, and similar documents (as required by law and the Board)


INVEST OFFICE SERVICES S CONTACT NUMBERS: Tel No.: (63 77) 772-1211 loc. 142; Tel.Fax. (63 77) 771-5631 CONTACT PERSONS:

Judelyn V. Cruz – Executive Director Eric Elpidio l. Pascua – Investment Promotion Assistant I Karen Jade M. Asuncion – Administrative Aide III Choi A. Caditan – Administrative Aide I

SERVICE SCHEDULE:

Monday – Friday 8 A.M. – 12 Noon To 1 P.M. – 5 P.M.

2011

HOW TO AVAIL OF THE SERVICE STEPS 1

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APPLICANT / CLIENT

OFFICE ACTIVITY

FILE application for registration with the Investment Board through the INVEST.

Receive application filed by the applicant.

PAY filing fee of P2,000.00 for application for registration for less than seven (7) years period of extension. Otherwise, the filing fee is P 4,000.00. Filing fee shall be paid at the Provincial Treasury Office.

Treasury Office to receive application fee of the applicant and issue an official receipt.

SUBMIT application for registration and requirements.

Receive application for registration and requirements.

3

Preliminary REVIEW of application

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ISSUANCE of Letter of Complete Submission to the applicant (if the documents are complete) ISSUE a Letter of Preliminary Evaluation indicating among others the required documents(if the documents are not complete) RECORD application filed to the Logbook

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CONDUCT Legal, Economic and Financial Evaluation

DURATION OF ACTIVITY

Within 15 working days from filing of the application No more than 15 working days from the filing of application


INVEST OFFICE SERVICES 6 S

2011 ISSUANCE of Complete Evaluation to the Board

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SUBMIT findings of evaluation to the Board

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ISSUE a Certificate of Registration Copies of the Certificate of Registration shall be issued as well to the respective Provincial and Municipal Treasurer. (If approved by the Board)

ISSUE a Declaration of Non-Approval (If not approved by the Board) RECORD approved application to the Registration Book

Within 30 days from the date of Letter of Complete Submission

Within 90 days or next scheduled Board Meeting, whichever comes first, from the issuance of the Letter of Complete Evaluation

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