Photo: Screengrab from video posted on ICCP Facebook Page of Atty. Baydo, TIEZA Assistant Chief Operating Officer for the Tourism Enterprise Zone Management Sector, during her presentation.
The TIEZA โ Tourism Infrastructure and Enterprise Zone Authority was featured at the 28th General Membership Meeting of the Israel Chamber of Commerce of the Philippines (ICCP), titled โRevitalizing the Economy with TIEZA,โ held on 19 April 2023 at the Fairmont Makati.
Speaking at the event was Assistant Chief Operating Officer for the Tourism Enterprise Zone Management Sector, Atty. Karen Mae G. Sarinas-Baydo who represented the Authority.
With tourism as the major pillar of economic growth, the Department of Tourism (DOT) espouses the 7-Point Agenda which highlights improving tourism infrastructure and accessibility and enhancing the overall tourist experience.
Atty. Sarinas-Baydo introduced how the Authority contributes to this thrust through its mandate and underscored the efforts and initiative of TIEZA in championing resilient and sustainable tourism in the country.
She then outlined the infrastructure projects of TIEZA and promoted the viable area of investments available in TIEZA Assets and Flagship Tourism Enterprise Zones for public and private partnerships.
Likewise, Atty. Sarinas-Baydo presented registrable tourism enterprises that may apply with TIEZA for the grant of tax and duty incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act such as Income Tax Holiday, Enhanced Deductions, and Duty Exemption on Importation of Capital Equipment, among others.
Registrable projects and activities include the following, tourist transport services, accommodation establishment, convention and exhibition facilities or MICE, amusement parks, adventure, and ecotourism facilities, sports facilities and recreational centers, health and wellness facilities, theme parks, farm tourism, tourism training centers, and institutes, development of retirement villages, and restoration or preservation and operation of historical shrines landmarks and structures.
“Our registration and filing fees have been lowered recently and our capital investment threshold has been reduced. You can even register micro, small, medium, and large enterprises for as long as it falls under the registrable enterprises,” Atty. Sarinas-Baydo reiterated this during her presentation.
TIEZA had also set up an information booth to cater to and address the inquiries of the participants as well as to network with potential investors.
TIEZA has always been consistent in advancing partnerships for the sustainability of the Philippine tourism industry and ultimately helping boost the local economy by generating employment and livelihood opportunities in the investment destination areas.
The Ambassador of Israel to the Philippines, H.E. Ilan Fluss was among the notable guests during the event along with other key stakeholders in the industry.
Mr. Yoray Ofek, ICCP President, emphasized the significance of learning the advantages and benefits that are available for investors in the tourism sector in the country through TIEZA, “This is mutually beneficial for the private companies getting those incentives; our investments will help in creating more jobs and economic incentives for the local communities. I hope through this event, we are able to contribute to the growth of the economy with the assistance of the Tourism Infrastructure and Enterprise Zone Authority.”
The ICCP as a private, independent, and non-profit organization has constantly been conducting ambassadorโs forums, general membership meetings, business forums, and civic and community service in the Philippines to uphold its mission statement in contributing civic, social, and economic development in the country.
Interested investors may contact TEZ Management Secretariat at 8249-5900 local 724 or e-mail tez.secretariat@gmail.com and tez.secretariat@tieza.gov.ph. You may also follow them on Facebook at www.facebook.com/tezmgmt and on LinkedIn at www.linkedin.com/in/tezmgmt.
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Photo: Screengrab from video posted on ICCP Facebook Page of Atty. Baydo, TIEZA Assistant Chief Operating Officer for the Tourism Enterprise Zone Management Sector, during her presentation.
The TIEZA โ Tourism Infrastructure and Enterprise Zone Authority was featured at the 28th General Membership Meeting of the Israel Chamber of Commerce of the Philippines (ICCP), titled โRevitalizing the Economy with TIEZA,โ held on 19 April 2023 at the Fairmont Makati.
Speaking at the event was Assistant Chief Operating Officer for the Tourism Enterprise Zone Management Sector, Atty. Karen Mae G. Sarinas-Baydo who represented the Authority.
With tourism as the major pillar of economic growth, the Department of Tourism (DOT) espouses the 7-Point Agenda which highlights improving tourism infrastructure and accessibility and enhancing the overall tourist experience.
Atty. Sarinas-Baydo introduced how the Authority contributes to this thrust through its mandate and underscored the efforts and initiative of TIEZA in championing resilient and sustainable tourism in the country.
She then outlined the infrastructure projects of TIEZA and promoted the viable area of investments available in TIEZA Assets and Flagship Tourism Enterprise Zones for public and private partnerships.
Likewise, Atty. Sarinas-Baydo presented registrable tourism enterprises that may apply with TIEZA for the grant of tax and duty incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act such as Income Tax Holiday, Enhanced Deductions, and Duty Exemption on Importation of Capital Equipment, among others.
Registrable projects and activities include the following, tourist transport services, accommodation establishment, convention and exhibition facilities or MICE, amusement parks, adventure, and ecotourism facilities, sports facilities and recreational centers, health and wellness facilities, theme parks, farm tourism, tourism training centers, and institutes, development of retirement villages, and restoration or preservation and operation of historical shrines landmarks and structures.
“Our registration and filing fees have been lowered recently and our capital investment threshold has been reduced. You can even register micro, small, medium, and large enterprises for as long as it falls under the registrable enterprises,” Atty. Sarinas-Baydo reiterated this during her presentation.
TIEZA had also set up an information booth to cater to and address the inquiries of the participants as well as to network with potential investors.
TIEZA has always been consistent in advancing partnerships for the sustainability of the Philippine tourism industry and ultimately helping boost the local economy by generating employment and livelihood opportunities in the investment destination areas.
The Ambassador of Israel to the Philippines, H.E. Ilan Fluss was among the notable guests during the event along with other key stakeholders in the industry.
Mr. Yoray Ofek, ICCP President, emphasized the significance of learning the advantages and benefits that are available for investors in the tourism sector in the country through TIEZA, “This is mutually beneficial for the private companies getting those incentives; our investments will help in creating more jobs and economic incentives for the local communities. I hope through this event, we are able to contribute to the growth of the economy with the assistance of the Tourism Infrastructure and Enterprise Zone Authority.”
The ICCP as a private, independent, and non-profit organization has constantly been conducting ambassadorโs forums, general membership meetings, business forums, and civic and community service in the Philippines to uphold its mission statement in contributing civic, social, and economic development in the country.
Interested investors may contact TEZ Management Secretariat at 8249-5900 local 724 or e-mail tez.secretariat@gmail.com and tez.secretariat@tieza.gov.ph. You may also follow them on Facebook at www.facebook.com/tezmgmt and on LinkedIn at www.linkedin.com/in/tezmgmt.
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