Suntech iPark: Tax Perks for Cavite IT Park

MANILA – The Property Company of Friends Inc (Pro-Friends) has bagged tax perks for its pioneer campus-type information technology park.

In a statement, the property developer said it secured Philippine Economic Zone Authority (PEZA) accreditation for the Suntech iPark in Imus, Cavite.

The IT park is located in a 25-hectare commercial and business district called Downtown Lancaster at the Lancaster New City, one of Pro-Friends’ township projects.

“Being a part of PEZA, Suntech iPark is now among the highest ranks of IT Park developers not only in the Philippines, but more so in a global scale,” PEZA Director-General Lilia B. de Lima said.

Among the fiscal incentives that locators can enjoy when they invest in Suntech iPark  are 100 percent exemption from corporate income tax; 5 percent special tax on gross income and exemption from all national and local taxes, upon expiry of income tax holiday;  tax and duty free importation of equipment and parts; exemption from dues on import shipments of equipment; value-added tax (VAT) zero-rating of local purchases of goods and services, extending to land-based telecommunications, electrical power, water bills and building lease; and exemption from expanded withholding tax.

Pro-Friends envisions Suntech iPark as a location for business process outsourcing (BPO) and similar companies, allowing residents of Lancaster New City to work near their homes.

“These area you see will be developed and be a source of living for the residents,” said Pro-Friends president Jocelyn Guzman.  

Building A of Suntech iPark will be operational by July this year.

Original Article: www.interaksyon.com

Schools Your Child Can Enroll At If You Plan To Live in Cavite

Are you planning to live in Cavite? As we all know, school is one element every parent considers when he/she is looking for a place to live. Here’s a list of some schools you may want to check out if you are planning to buy a home in the province of Cavite. We included their website in case you wanted to contact and know more about these educational institutions.

St. Edward Integrated School

St. Edward Integrated School is located at the heart of Lancaster New City Cavite. The school is under the management of Quality Education Design Company, Inc. (QED), a group focused on complete, high-quality, low-cost community school systems. Because of its dynamic learner-centered and project-oriented curriculum, your child is able to learn skills and values that a fixed curriculum strategies will not be able to offer.

St Mark School of Cavite

St Mark School of Cavite is a private school established in Bacoor, Cavite in 1987. It offers basic education and vocational training programs. It already offers the K-12 Program under the Department of Education.

Cavite State University

Cavite State University is offering close to 100 curricular programs in the undergraduate and graduate levels. It has more than 25,000 students and 1,200 faculty and staff from all campuses.

De La Salle University

DLSU-Dasmariñas offers several programs through its seven colleges: Business Administration, Liberal Arts, Science, Engineering and Technology, International Hospitality Management and Tourism, Law Enforcement and Public Safety, and Education. Its population has marked more than twelve thousand and is expected to increase in the succeeding years.

Elizabeth Seton School, Imus

For over 35 years Elizabeth Seton School has been a bastion for quality education guided by a noble mission of contributing to the integral growth and development of our Filipino youth by cultivating them to be authentic Christians, responsible Filipino citizens and life-long learners in constant pursuit of excellence. 

Imus Pilot Elementary School

Imus Pilot Elementary School has been a living symbol of success and progress of education in Imus and its neighboring towns. The big number of its successful alumni attests to this great achievement of this school. Imus Pilot Elementary School continuously meet the challenges of the times, so that each of the pupils may be able to offer to his alma mater some tangible manifestations of the achievements. 

How would you want to live in a community where you don't need to go out and far just to send your kids to school? Lancaster New City Cavite offers this benefit. Since it is being developed as a township, schools will be built within the township and St. Edward Integrated School is just one of the many other schools they are planning to build within the community.