The Board of Investments (BOI) Makati Extension Office serves as a crucial arm of the Philippine government in promoting and facilitating investments within the country, specifically catering to businesses operating in and around the Makati Central Business District. While the BOI’s main office is located elsewhere, the Makati extension provides convenient access to its services for companies already established or planning to set up operations in this key economic hub.
The primary mandate of the BOI, including its Makati extension, is to encourage both domestic and foreign investments that align with the Philippines’ national economic development goals. This is achieved through a range of services and incentives designed to attract, retain, and expand investments across various sectors.
One of the core functions is providing information and assistance to potential investors. This includes offering guidance on relevant laws and regulations, investment opportunities in priority sectors, and the overall business environment in the Philippines. The Makati extension, being situated in a prime business location, often deals with inquiries related to technology, finance, and real estate investments, reflecting the dominant industries in the area.
The BOI also plays a significant role in administering investment incentives under various laws. These incentives can include income tax holidays, duty-free importation of capital equipment, and other tax benefits aimed at reducing the cost of doing business and improving the return on investment. Businesses seeking to avail of these incentives can apply through the BOI, and the Makati extension facilitates this process by providing application forms, guidance on documentary requirements, and liaising with the main office for evaluation and approval.
Beyond incentives, the BOI also offers support services to investors, such as facilitating business registration, assisting with securing permits and licenses, and providing networking opportunities with other businesses and government agencies. The Makati extension acts as a bridge, connecting businesses with the necessary resources and contacts to ensure a smooth and efficient investment process.
The BOI’s strategic location in Makati allows it to be proactive in identifying investment opportunities and promoting them to potential investors. They regularly conduct investment promotion campaigns, participate in trade fairs, and organize seminars to showcase the Philippines’ investment potential and attract foreign capital. The Makati extension leverages its proximity to multinational corporations and financial institutions to build relationships and facilitate potential partnerships.
In essence, the Board of Investments Makati Extension Office is a vital resource for businesses looking to invest in the Philippines. By providing information, incentives, and support services, it contributes significantly to the country’s economic growth and development, particularly within the dynamic business landscape of Makati City.