Operational Requirements

Certain requirements have to be complied with by the enterprise while in operation, expansion and/or diversification. While in operation the following need to be accomplished:

• Reportorial requirements (i.e. Audited Financial Statement, General Information Sheet); amendment of articles of incorporation/partnership
  Securities and Exchange Commission (SEC)
  
  
• Reportorial requirements (i.e. Audited Financial Statement, ITR, etc); registration of business/expansion for incentives
  Board of Investments (BOI)
  Philippine Economic Zone Authority (PEZA)
  Subic Bay Metropolitan Authority (SBMA)
  Clark Development Corporation (CDC)
  Cagayan Economic Zone Authority
  Phividec Industrial Authority
  Zamboanga Economic Zone Authority
  
  
  
• Regular tax payments
  Bureau of Internal Revenue (BIR)



• Registration of Customs Bonded Warehouse (on Expansion/Diversification)
  Bureau of Customs (BOC)-Collectors of Port
  
  
• Opening of Letter of Credit (L/C)
  Authorized Agent Banks (ABBs)
  
  
• Export Declaration (Authority to Load/Certificate of Origin)
  Bureau of Customs - Export Coordination Division
  
  
• Information sheet for first-time exporters
  Authorized Agent Banks (ABBs)
  
  
• Payment of wharfage fees/exemption from payment
  Philippine Ports Authority (PPA)