The Omnibus Investments Code of 1987 (Executive Order No. 226, as amended), which is implemented by the Philippine Board of Investments (the "BOI"), provides a comprehensive set of incentives for local and foreign enterprises engaged in activities considered by the Philippine government as high priority for national development.
Investment In Areas Under The Investments Priorities Plan
The Omnibus Investments Code (the "Code") mandates the BOI to submit annually, for the President's approval, an Investments Priorities Plan ("IPP) which lists the preferred area for investment. These preferred areas are classified as either pioneer or non-pioneer1. Persons or entities that engage in the priority areas of investment under the IPP may avail of the incentives provided under the Code upon registration with the BOI2.
