Wondering Where You Should Move To? New PEZA Locations to Watch Out for This Year
Looking for a new place to call home? Check out this article for the top PEZA locations to watch out for this year. Discover the various economic zones throughout the Philippines and learn about the advantages of locating in a PEZA zone.
Are you looking for a new place to live and work?
The Philippines has been making great strides in its economic development, especially in business and trade, which have seen significant growth since the pandemic.
Philippine Economic Zone Authority, or PEZA, is a Philippine government agency attached to the Department of Trade and Industry, created to promote investments in the export-oriented manufacturing industry in the country by assisting investors in setting up their business operations within selected areas called Special Economic Zones. PEZA assists foreign entities in facilitating the business operations of investors within the designated ecozones.
PEZA has recently approved P33B funding for 60 new and expansion projects, which is expected to create more than 7,400 direct jobs and generate $1.012 billion in exports. This approval was granted as of April 2023 and is a positive step towards the growth of the export-oriented manufacturing industry in the Philippines.
Whether you’re trying to start a new chapter or achieve your career goals, we can help you find the perfect location.
List of Economic Zones in the Philippines
The 107% increase in the Philippine Economic Zone Authority budget allocation is also a result of the President, Ferdinand “Bongbong” Marcos Jr.’s, initiatives to attract more foreign investments. As a result, businesses within special economic zones now need extra human resources to ease their operations.
The influx of direct foreign investments presents a unique opportunity for individuals seeking employment, as there is a higher demand for workers within these zones. You can also check PEZA online to see the complete list of the special economic zone (Philippines).
Aurora Special Economic Zone Authority (ASEZA)
The Aurora Special Economic Zone Authority (ASEZA), also known as Aurora Pacific Economic Zone (APECO), is located in Casiguran, Aurora. The ASEZA is next to equally beautiful provinces, including Isabela, Nueva Ecija, and Quirino.
The Aurora ecozone is located on the eastern seaboard of Luzon, making it an ideal location for businesses engaged in agro-industrial industries. The area is also known for its natural beauty, with beaches, waterfalls, and other tourist attractions that can be developed to boost the local tourism industry.
Through ASEZA, the Philippine government aims to attract domestic and foreign investments, generate employment opportunities, and promote economic growth in the region.
The agency is committed to providing a conducive environment for businesses to thrive while ensuring sustainable development and environmental protection. The four main industries in this economic zone include eco-tourism, agri-aqua, light industries, and online gaming.
Baguio City Economic Zone (BCEZ)
The special economic zones in the City of Pines is ideal due to its location and favorable business environment. Baguio City is known for its cool climate and scenic views, making it an attractive destination for tourists and investors.
The city also has a highly skilled workforce and a strong educational system, which provides businesses with access to a pool of talented professionals. Moreover, Baguio City is home to luxury real estate and high-end condominiums such as Bern, a testament to the city’s potential as a high-end market.
The BCEZ, part of the P33B project, will likely attract more businesses and employment opportunities to the area. The zone has over 40 locators specializing in textiles, apparel, electronics, plastic products, and other industries.
Bataan Export Processing Zone (BEPZ)
Bataan Export Processing Zone (BEPZ) is a 1,600-hectare industrial park in Mariveles, Bataan. BEPZ aims to attract foreign and domestic investments, generate employment opportunities, and promote regional economic growth.
Moving to BEPZ is ideal due to its excellent infrastructure and favorable business environment. The zone is situated near major seaports, airports, and highways, providing easy access to local and international markets.
BEPZ also offers a range of incentives and benefits to investors, including tax holidays, duty-free importation of capital equipment, and streamlined business registration procedures.
Cagayan Economic Zone Authority (CEZA)
Cagayan Economic Zone Authority (CEZA), or the Cagayan Freeport, was created to promote economic development in the Cagayan Valley region. CEZA can operate or license tourism-related activities, including gambling casinos, sports facilities, and racing events for horses and dogs.
If you enjoy living in hot climates, CEZA can be a good place to consider moving to. The area has a tropical climate, with temperatures ranging from 23 to 32 degrees Celsius throughout the year. The warm weather can be ideal for outdoor activities and the region’s natural beauty.
CEZA is situated in the northernmost part of the Philippines, making it an ideal place for businesses engaged in trade and commerce with other countries in the Asia-Pacific region.
Cavite Economic Zone (CEZ)
Cavite Economic Zone (CEZ) is a Special Economic Zone in Cavite, Philippines. The zone was established in 1995 and is home to more than 400 companies.
Moving near CEZ can offer several benefits, including access to job opportunities and a growing economy, improved infrastructure, and a favorable business environment that offers incentives and benefits to investors. It comprises around 680 acres of land and is just 30 kilometers from Manila.
The main industries in Cavite include manufacturing, electronics, and information technology. The manufacturing sector in Cavite produces a wide range of products, including automotive parts, electronics, and consumer goods. Additionally, the zone has a growing IT and business process outsourcing industry, which provides opportunities for skilled professionals.
Clark Freeport and Special Economic Zone (CFEZ) is located in Central Luzon, Philippines. The zone covers portions of the cities of Angeles and Mabalacat, portions of the town of Porac, and portions of Capas and Bamban in Tarlac.
Moving near CFEZ may offer several benefits, including access to job opportunities, improved infrastructure, investment opportunities, and a favorable business environment that offers incentives and benefits to investors. The zone has diverse industries, including manufacturing, aviation, logistics, and business process outsourcing.
CFEZ is home to several multinational companies, including Texas Instruments. The zone also has a growing tourism industry, with several attractions and activities available for visitors.
Mactan Economic Zone (MEZ)
One of the main benefits of living in Mactan is the access to world-class beaches and resorts. The island’s clear waters, white sand beaches, and stunning coral reefs make it an ideal destination for water sports enthusiasts and beach lovers.
Mactan has a thriving tourism industry that provides residents with job opportunities and diverse activities. Mactan also has a growing economy, with several industries, including manufacturing, electronics, and business process outsourcing.
The Mactan Economic Zone (MEZ) of Lapu-Lapu City is a special economic zone that provides incentives and benefits to investors. This has led to the development of several commercial and residential properties in the area, creating real estate opportunities for those looking to invest in the growing economy.
Pampanga Export Processing Zone (PEPZ)
Pampanga Export Processing Zone (PEPZ) is another special economic zone in Pampanga, Philippines. It is a hub for various industries, including electronics, manufacturing, and food processing.
Living near PEPZ can offer several benefits, including access to job opportunities, improved infrastructure, and a favorable business environment that offers incentives and benefits to investors.
The zone is located near major transportation hubs, including the Clark International Airport, making it an ideal location for businesses engaged in trade and commerce. Additionally, living near Philippine Economic Zone Authority provides access to a skilled workforce, with several technical and vocational schools providing training for various industries.
Subic Bay Freeport Zone (SBFZ)
Subic Bay Freeport Zone (SBFZ) is located in Zambales, Philippines. It was created in 1992 after the closure of the US Naval Base in Subic Bay. The 6700-hectare zone is managed by the Subic Bay Metropolitan Authority (SBMA).
SBFZ is a hub for various industries, including manufacturing, logistics, and tourism. The zone has diverse businesses, from small and medium-sized enterprises to multinational corporations. SBFZ offers several benefits to investors, including a favorable business environment, tax incentives, and access to a skilled workforce.
One of the major industries in SBFZ is manufacturing, with several companies engaged in electronics, automotive, and shipbuilding. The zone also has a growing logistics industry, with several companies engaged in warehousing, distribution, and transportation.
SBFZ was created to promote economic development in the region and provide job opportunities for the local population. The closure of the US Naval Base in Subic Bay led to the loss of thousands of jobs, and the creation of SBFZ aimed to fill that void. Today, SBFZ is a thriving economic zone, contributing to the growth of the Philippine economy.
Should You Move to a Special Economic Zone (Philippines)?
The key to making the most of your move to an Economic Zone Authority (PEZA) location is to know what you’re getting into and research the area before making decisions. In other words, consider the factors most important to you—things like cost of living, climate, job market, and housing options—and research potential areas that meet these criteria. Of course, we don’t want to add too much pressure here, but these variables are important considerations.
What are the advantages of locating in a PEZA economic zone?
Philippine Economic Zone Authority offers many advantages, including ease-of-doing business, world-class, environment-friendly facilities, fully secured area perimeter, adequate power and water supply, state-of-the-art telecommunications, ready-to-occupy standard factory buildings, wastewater treatment facilities, and computer security.