PHILIPPINESTarlac Economic Estate
Tarlac Economic Estate benefits from the abundant labor force available in the Philippines,
along with excellent accesses to the capital of Manila, the Clark and Subic Bay areas,
and international logistics infrastructures.
Marubeni-agented
The Features of Tarlac Economic Estate
Ten years after participating in the Lima Technology Center project, Tarlac Economic Estate is the new economic estate that the Aboitiz Group is developing in the northern area of Metro Manila. It has good access to Clark International Airport and Subic Bay Freeport and is within roughly two hours of the capital of Manila. Designated as a special economic zone by the Philippine Economic Zone Authority (PEZA), it offers prompt and appropriate administrative services, as well as generous tax incentives for export-oriented companies. Same as Lima Technology Center, it will play a central role in the industrial and economic development of the Central Luzon region under a comprehensive development plan that includes industrial, commercial, residential, and public facilities. Marubeni serves as a sales agency for this economic estate that the Aboitiz Group has developed and operated as its next such venture after Lima Technology Center.
- Administrative support from PEZA
- Tarlac Economic Estate is PEZA-accredited. Locators can complete their administrative formalities by using the one-stop service and also benefit from generous tax incentives, including corporate tax and VAT exemptions.
- Advanced transportation network
- Located along the highway connecting the capital of Manila and Tarlac in Central Luzon, this economic estate has access to both the ports of Manila and Subic. The nearby Clark International Airport has direct flights from various Asian countries, including Japan.
- An industrial area being supported by the Philippine government
- The Philippine government is promoting the development of infrastructure, such as railways and ports between Subic, Clark, Manila, and Batangas, through the Luzon Economic Corridor project, which is planned to improve transportation convenience between the north and south areas of Metro Manila.
- Abundant labor force and stable labor costs
- In the Philippines, where the demographic dividend is predicted to continue until 2062*, 70% of the population in Tarlac Province is under the age of 30. Compared to other countries, the Philippines is also characterized by a low rate of wage growth and a low number of labor disputes. (*Based on data from JETRO)
- Smooth communication in English
- English is an official language of the Philippines, making it easy to communicate with local staff and government agencies. All permit and license documents are also issued in English, making them easy to understand.