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Marinduque

Location and boundaries

• Occidental Mindoro lies on the western part of the island of Mindoro
• It is located south of the province of Batangas in Southern Luzon and northwest of the Visayas
• The province is bounded on the north by the Verde Island passage, on the west and south by Mindoro Strait, and on the east by its sister province, Oriental Mindoro
• Its capital, San Jose City an hour away by plane from Manila or 8 hours by boat from Batangas Port

Infrastructure facilities

• Airports and seaports
  • 4 Private Airports (San Jose, Mamburao, Lubang and Sablayan)
  • 6 Seaports (1- National Category)

Cost of doing business

Minimun Daily Wage	Rate in US$ ($1 = Php 50.00)
Non-Agricultural	3.92
Agricultural
- Plantation with annual gross sales of PhP5M or more	3.52
-Non-plantation	3.12
Cottage & Micro Enterprises	3.28
Retail Service & Service Establishments	2.12

Communication	Rate in US$ ($1 = Php 50.00)
Telephones (Landline)
Residential
- installation charges	50.00
- monthly minimum billing	3.00
Commercial
- installation charges	50.00
- monthly minimum billing	3.00

Utilities	Rate in US$ ($1 = Php 50.00)
Power Rates
Commercial (per kwh)	.129
Residential (per kwh)	.122
Water Rates
Commercial (minimum charge (10 cu.m.)	.50
Residential (minimum charge (10 cu.m.)	.25

Investment areas

• Cattle farming
• Mining
• Cement manufacturing
• Port construction and operation
• Shipbuilding and repair
• Telecommunications
• Establishment of fish ports and bus terminals
• Production of high-value crops
• Food processing
• Power generation
• Eco-tourism
• Reforestation

Incentives

1. Groundwork on Investment Liberalization
   • Land lease loan extended from 50 to 75 years
   • 100% foreign ownership in selected investment areas
2. Fiscal Incentives
   • Income tax holiday of 4 to 6 years
   • Tax and duty-free importation of capital equipment and spareparts
   • Tax credit on domestic capital equipment
3. Non-Fiscal Incentives
   • Simplified customs procedures
   • Unrestricted use of consigned equipment
   • Employment of foreign nationals
4. Incentives in Export Processing Zones
   If you are able to locate in one of the export processing zones, you will entitled to Board of Investment (BOI) incentives and the following other privileges:
   • Exemption from local taxes (except real estate tax), licenses and fees
   • Exemption from real estate tax on production equipment and machineries
   • Exemption from the 15% branch profits
   • Exemption from SGS inspection

   Qualified enterprises earning at least 50% of its revenues from export are entitled to the BOI, the Philippine Export Zone (PEZA) or special economic zone incentives and the following privileges:

   • Exemption from advance payment of customs duties
   • 0% duty on imported machinery and equipment and spare parts
   • Tax credit of 25% of duties on local raw materials, capital and /or spare parts for a period of three (3) years extendible for another three years.
5. Philippine Mining Act Additional Incentives
   • 100% foreign equity (Financial or Technical Assistance Agreement with the Government)
   • Incentives for pollution control devices
   • Income loss carry forward

Major tourist attractions

• Mount Iglit Baco National Park - a Tamaraw Reservation Area.
  Tamaraw (Bubalus Mindorensis) is one of the endangered species found in the Philippines.
• Mount Halcon - the third highest mountain in the Philippines
• Parola Park - the historic watchtower in Sablayan constructed in 1861