World-class Suntech iPark now PEZA-accredited
MANILA, Philippines – Suntech iPark, the pioneer Campus-Type Information Technology park in Imus, Cavite, is also the first accredited IT park by the Philippine Economic Zone Authority (PEZA). Through this accreditation, Suntech iPark proves to be a globally competitive and ecologically sustainable business environment to investors as managed by the efficient administration and services of PEZA.
Envisioned to change the landscape of IT parks in the country, Suntech iPark is a convergence of cutting-edge technology built inside a master-planned 25-hectare Commercial, Business and Lifestyle district called Downtown Lancaster. Downtown Lancaster is located inside Lancaster New City, Cavite’s newest township community, developed by PRO-FRIENDS. Suntech iPark is a world-class project that maneuvers its way in the competitive arena of the BPO industry in its aim to provide and create more jobs and investment opportunities for Filipinos here and abroad.
“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. Investors will have the best privileges and services offered by the organization which includes a 100 per cent exemption from corporate income tax; 5 per cent 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; 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,” said Dr. Lilia B. De Lima, PEZA Director General.
Primarily, the business-park encourages Lancaster New City homeowners and other nearby residents to explore opportunities at Suntech iPark, which allows residential communities to work close to home making it the perfect place for work-life balance.
“These area you see will be developed and be a source of living for the residents,” said PRO-FRIENDS President, Jocelyn Guzman.
Suntech iPark aims to support the rapid growth of the BPO industry as well as IT-enabled service companies. This IT-business will offer an ideal workplace with infrastructure and facilities fitted to achieve sustainability and quality of business, a total market solution sensitive to the strategic business value proposition of the outsourcing industry. It offers innovative and flexible options for operators who have an immediate need to lease office space or buildings that suit their requirements.
The contract signing was held on March 12, 2015 at the PEZA head office. It was led by Guzman and De Lima.