FUGA ISLAND RESORT


THE LUXURY LIVING RESORT-CITY PARADISE

Fuga Island is a 10,000 hectare privately-owned and sparsely inhabited island off the northern coast of Luzon in the Philippines. Positioned to the immediate north of Luzon Island between the Babuyan and Balintang Channels, the Fuga Group of Islands are a northern extension of the Philippine Archipelago composed of Babuyan, Calayan, Camiguin, Dalupiri, and Fuga, one of the largest islands within the group. It has a wide variety of topographical conditions – varying from sea-level along its southern shore up to 200-meter cliffs along its northern coastline.

ATTRACTIVE INVESTMENT OPPORTUNITY AS PROVIDED BY R.A.7922

The Cagayan Economic Zone Authority (CEZA) is a government owned and controlled corporation created by virtue of Republic Act 7922, otherwise known as the “Cagayan Special Economic Zone Act of 1995”. The Cagayan Special Economic Zone and Free Port (Cagayan Freeport) is located at the country’s northeastern tip, a strategic location for dynamic enterprise development. The location is at the crossroads of international shipping lanes and is thereby open to a number of lucrative markets which include Japan, China, US West Coast, Hong Kong and Taiwan.

The CSEZFP encompasses the entire municipality of Sta. Ana in Cagayan Province as well as Fuga, Barit and Mabbag islands in the municipality of Aparri. These areas are characterized by its untapped natural and economic resources. The Zone, 54,118.95 hectares large, is poised to become the one of the country’s most important agro-industrial, commercial, tourism, recreational and transshipment hub.

INVESTMENT PRIORITY AREAS

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TOURISM AND RESORT FACILITIES/SERVICES

CEZA offers a friendly investment environment coupled with the natural tourist attractions surrounding the Cagayan Freeport. Thus, accommodation facilities and tourism activities must be developed to address the influx of tourists and prospective investors in the coming years

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BUSINESS PROCESS OUTSOURCING

The availability of advanced telecommunication facilities makes the Cagayan Freeport a viable site to operate various business process outsourcing activities.

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PROCESSING AND EXPORTATION OF SAND, GRAVEL, ARMORED ROCKS AND LIMESTONE (MINING AND QUARRYING)

The Cagayan Region is rich not only in agriculture and marine resources, but with mineral resources as well. Many sites have been identified to be abundant in metallic and non-metallic reserves.

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MARINE PRODUCTS PROCESSING

The area of the Cagayan Freeport is recognized the Game Fishing Capital of the Philippines with the surrounding waters comprising of the South China Sea and Pacific Ocean. Hence, propagation of marine products is sure to flourish in the area.

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REAL ESTATE DEVELOPMENT

A world class economic zone is not complete without a fully developed Industrial Park Complex to compliment the operations of the seaport.

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PORT OPERATIONS

The existing Port of Irene in the Cagayan Freeport needs to be upgraded and developed further to be a viable shipping and transshipment hub in Asia. Development and operation of the port is currently being offered to major port operators.

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POWER GENERATION AND DISTRIBUTION

A major component of development is the availability of stable, reliable and affordable power that would suffice the requirement of the Cagayan Freeport. Renewable power sources are mainly being considered. CEZA, however, is still open to the option of operating traditional power generating facilities.

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AGRO-INDUSTRY

The Cagayan Region, being an agricultural basket of the Philippines, can provide the produce and raw materials relative to agro-industrial products.
• Water Supply and Treatment Facility
• Solid Waste Management Facility

INCENTIVES

  • 4-6 years income tax holiday
  • Special Tax Rate of 5% of gross income in lieu of all local and national taxes/li>
  • Tax credits for foreign corporations
  • Tax and duty free importation of articles, raw materials, capital goods, equipment and consumer items;
  • Permanent resident status for foreign investors and immediate family ( must maintain not less than US$150,000 capital);in the Zone
  • Other applicable incentives under Omnibus Investment Code of 1987:
  • Multiple entry visa, valid for a period of three years;
  • Tax treatment of merchandise;
  • Tax credits;
  • Additional deduction for labor expense;
  • Exemption from local taxes and licenses;
  • Exemption from Contractor’s Tax;
  • Exemption from Wharfage Dues and any Export Tax, Duty, Import Fee on non-traditional export products.
Contact us for more information on why Fuga Island would be your best investment bet for the years to come. CONTACT US

FOLLOW US @fugaisland

GET IN TOUCH

Phone Number:
+632 532 0393

Fuga Island Holdings, Inc.
AIC Burgundy Empire,
ADB Ave cor Garnet Road,
Ortigas Ave, Pasig City

Email:
info@fugaisland.ph