Fiscal and Non-Fiscal Incentives

Fiscal Incentives

• Tax-and duty-free importation of machinery, equipment, raw materials, supplies, and all other articles including finished goods.
• Businesses inside Clark are exempt from local and national taxes. In lieu thereof, 5% GIE is applied.
• Some business may seek additional incentives from the Board of Investments, please contact Philexcel.
• Unlimited purchase and consumption of tax-and duty-free consumer goods within the Zone.
• VAT exemption from purchases made from the local market

Non-Fiscal Incentives

• Clark is managed as a separate customs territory, ensuring free flow of articles within the Zone.
• Exemption from SGS inspections except duty-free goods/articles destined to commercial establishments/duty-free shops.
• Simplified import and export procedures.
• Unrestricted use of consigned equipment.
• Banking and finance is liberalized with the establishment of foreign currency depository units of local commercial banks and offshore banking units of foreign banks.
• Special Investors Residents Visa available to foreign residents.
• Special Working Visa renewable every two (2) years to foreign executives and other aliens possessing highly technical skills.