Business Opportunities and Incentives
Business in Sorsogon City is growing and as such more investors keep coming in — like Gaisano Capital, 7Eleven, City Mall, KFC, Colonial Grill, etc. No wonder, this year (2016), the City is ranked No.20 in the Competitiveness Index in the Component Cities Category. Add to this, it is a Seal of Good Local Governance Awardee for exemplary performance of the LGU. These awards say a lot about how Sorsogon City is competitive and business-friendly. This is due in large measure to Executive Order No. 27, Series of 2014, otherwise known as the E.O. Institutionalizing the Enhanced and Simplified Business Registration System in that the processing of Mayor’s Permit or Business Permit is easier and more efficient. Thus, we can say that Sorsogon City has already arrived.
Moreover, The Negosyo Center (LGU-based NC) where the Business Permit and Licensing Section and the Investment promotion Unit is housed offers the following services that will benefit those who are looking for business opportunities, to wit:
- Business Registration Assistance
- Business Advisory Services
- Business Information and advocacy
At present the Negosyo Center has a desk for OFWs/OFs that caters to their needs especially those who are interested in putting up their own business or invest their money. It has already identified possible businesses that they might be interested in. It also offers business counseling. It also conducts seminars/trainings on how to start a business, Cash Management, etc. in coordination with the Department of Trade and Industry, Sorsogon Field Office, Sorsogon City.
Furthermore, with the passage of City Ordinance No. 28, Series of 2015, otherwise known as the Sorsogon City Investment Code, a host of business opportunities that investors may want to engage in are available so that they could avail of tax incentives (5-straight years), namely:
- Real Estate
- Agriculture, Fishery and Environment
- Manufacture of Electronic, Computer, Iron and Industrial materials
- Business that are relocating head offices or main operation in Sorsogon City
- Registered Businesses that have undertaken necessary and major infrastructure works in the area that Board finds deficient in infrastructures, public utilities, etc.
So, come and invest in Sorsogon City…