Speaking at a press conference on Thursday, representatives of the government and private sector in the Philippines outlined the incentives available for Taiwanese businesses that choose to invest in the country.
According to Taiwan's official Central News Agency, the RP Investment Mission to Taiwan drew attention to the attractions of the 134 Economic Zones in the Philippines, in which operators and developers can benefit from significantly reduced tax liabilities.
Lilia Lima, director-general of the Philippine Economic Zone Authority (PEZA), reportedly revealed that the Filipino government would also be prepared to establish new economic zones, tailored to the needs of Taiwanese businesses.
In addition to tax incentives for the Taiwanese businesses themselves, she went on to stress potential advantages for the employees of such firms, revealing, according to the CNA, that:
"The government will also issue special visas for foreign investors and their immediate family."
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