Suntrust Ecotown Developers, Inc. is the developer of Suntrust Ecotown Tanza , initially a 160-hectare property in Tanza, Cavite. The project will be an environment friendly Ecozone Township integrating residential, commercial, institutional development within
or adjoining the light-medium industrial zone. The entire township project is intended to cover a total land
area of around 350 hectares. The industrial zone which
will initially cover 111 hectares is duly-registered with
the Philippine Economic Zone Authority pursuant to Presidential Proclamation No. 226
Philippine Economic Zone Authority (PEZA) Incentives
In general, enterprises located in ecozones are entitled to incentives that include:
ü An Income Tax Holiday (ITH) of 4 years for non-pioneer projects and 6 years
for pioneer projects. Extension years can also be granted provided the
company meets certain criteria.
ü After the ITH expires, a 5% Special Tax on Gross Income and exemption from
all local and national taxes is applicable.
ü Zero taxes and duties in the importation of capital equipment, raw materials,
machineries, and spare parts. An exemption on wharfage duties and export tax
is applicable as well.
ü Zero VAT on local purchases and an exemption for all local government imposts,
fees, licenses, or taxes.
ü Zero expanded withholding tax.
ü Non-fiscal incentives such as simplified import-export procedures, employment
of non-resident foreign nationals, special visas for foreign employees in certain
positions, and more.
Philippine Industrial Estate Association (PHILEA)
Industrial park developments accredited by the Philippine Industrial Estate Association (PHILEA) are assured to be world-class industrial estates. Industrial estates, including the SUNTRUST ECOTOWN TANZA, managed by PHILEA-member companies are assured to be masterfully planned and located in key development areas in the Philippines.
Securities and Exchange Commission (SEC)
Securing from deceit, misrepresentations, and other fraud in the sale of securities, upon SEDI's registration to SEC the public can be assured of the legality of the corporation and its financial stability.
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