The Finance Centre gets Peza accreditation

News Article

January 8, 2018

THE Finance Centre, Daiichi Properties’ newest premium office building, has recently been granted accreditation as a Philippine Economic Zone Authority (Peza) Information Technology center. The 42-story building is in Bonifacio Global City (BGC) and is one of three award-winning office buildings of Daiichi in the area.

The Peza is an agency of the Department of Trade and Industry that was created to promote investments in the country and provide assistance in facilitating the business operations of investors in the country’s Peza Special Economic Zones. The agency is also authorized to provide member-companies certain incentives.

The Finance Centre’s accreditation entitles Peza-registered businesses in the building to certain fiscal and nonfiscal incentives that include an income-tax holiday for a certain number of years, which translates to a 100-percent exemption from corporate-income tax, duty and tax-free importation of equipment and parts, exemption from wharfage dues on shipments of equipment imports, exemption from expanded withholding tax and simplified import and export procedures, among other things.

Aside from these incentives, businesses in The Finance Centre can save on taxes and fees and can secure permits and other registration requirements easily.

“The Peza accreditation of The Finance Centre is something that we at Daiichi Properties are truly happy about because it allows us to help boost local and foreign investments and strengthen the economy,” revealed Daiichi Properties Senior Vice President Charmaine Uy.

To be completed in the second quarter of 2018, The Finance Centre was designed by Gensler, a world-renowned architectural firm that also designed the headquarters of global companies, such as Facebook, Airbnb and Uniqlo, as well as the Incheon International Airport, the largest airport in South Korea.

The Finance Centre features an expansive 3,000-square-meter plaza with water features, as well as a sky garden above its retail podium. The building also has a fully unitized curtain wall combining glass and aluminum composite panels covering the building’s curved facade on all sides, giving The Finance Centre a unique visual identity that sets it apart from the other buildings in the BGC.

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