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The Philippine Congress then passed the Freeport Area of Bataan Act (Republic Act 9728), which was enacted into law on October 23, 2009. This Act converted BEZ into FAB, and created AFAB which started to partially operate and manage the zone in conjunction with PEZA from October 2009 to June 29, 2010.
PEZA also assists investors who locate in service facilities inside special economic zones in the country (areas are called PEZA Special Economic Zones) which are usually business process outsourcing and knowledge process outsourcing firms. Other activities also eligible for PEZA registration and incentives include establishment and operation ...
The Freeport Area of Bataan (FAB), formerly known as Mariveles Free Trade Zone from June 21, 1969 to November 20, 1972, and primarily as Bataan Export Processing Zone (BEPZ) and Bataan Economic Zone (BEZ) from November 20, 1972 to October 23, 2009 and secondarily from October 23, 2009 to June 30, 2010), is a special economic zone in Mariveles, Bataan, Philippines.
Philippine Ecozones are generally administered by the Philippine Economic Zone Authority through a board (PEZA Board), attached to the Department of Trade and Industry. The PEZA Board sets the general policies on the establishment and operations of the Ecozones, industrial estates, export processing zones, free trade zones, and the like. [46]
The satellite unit of Elon Musk's SpaceX has secured a permit to operate in Indonesia, the communications minister told Reuters on Wednesday. Starlink had obtained a permit to operate as an ...
ABS-CBN's wholly owned subsidiary, The Big Dipper Digital Content & Design, Inc. (Big Dipper), with offices located on the center's fourth floor, is an approved economic zone enterprise of PEZA, making the company eligible for tax holiday and other incentives. [7] In 2010, the company has availed an income tax holiday incentives of 472 million ...
Under the Special Economic Zone Act enacted in 1995, the Export Processing Zone Authority (EPZA) was abolished to form a better organization and the Philippine Economic Zone Authority (PEZA) was established to assume jurisdiction over all Special Economic Zones.
During the 80s and 90s, the registration process became more formalized. Different licenses were required for various types of businesses, including state-owned, private, and foreign-invested enterprises. Despite this, the regulatory environment was fragmented during this period, with multiple licenses and permits needed to operate a business.