BOI FORM N-501 / APPLICATION NO:
DATE ACCEPTED:
REPUBLIC OF THE PHILIPPINES
BOARD OF INVESTMENTS
APPLICATION FOR REGISTRATION
(MASS HOUSING PROJECT)
UNDER BOOK I OF THE OMNIBUS INVESTMENTS CODE OF 1987, AS AMENDED
(EXECUTIVE ORDER NO. 226)
I.  PROPONENT
NAME OF ENTITY :
NAME OF PROJECT :
SEC/REGISTRATION NO./DATE :
IPP CATEGORY : ______( Regular List)
LOCAL –FOREIGN
OWNERSHIP RATIO : ___ % Filipino ___ % Foreign ______
(Nationality)
II.  CONTACT DETAILS
AUTHORIZED REPRESENTATIVE
TO BOI/ POSITION : ______
(attach Board Resolution on Appointment)
EMAIL ADDRESS : ______
LANDLINE/CELLPHONE NUMBER : ______FAX NUMBER: ______
SITE ADDRESS : ______
OFFICE ADDRESS :______
III.  PROJECT PROFILE
PROJECT COST :
PROJECT DESCRIPTION:
TYPE OF PROJECT :
•  New: ______Expansion: ______
•  Start of Commercial Operations: ______
•  Capacity (No. of Housing Units): ______
STATUS: ______Pioneer ______Non-Pioneer

CONTRIBUTION TO THE ECONOMY

Schedule 1: Project Cost (Php’000)

Year 0 / Year 1 / Year 2 / Year 3 / Year 4 / Total
Raw land Cost
Licenses/ Permit from the govt.
Site Prep. & Dev.Cost
Building/ House Construction Cost
Capital Equipment *
Working Capital
TOTAL PROJECT COST

*elevators, generators (for vertical housing projects)

(Only three years if expansion)

Construction cost per sqm= Total house (bldg) construction cost

______= P______

Total floor area

Schedule 2: Project Financing (total should equal to total project cost)

/ Amount (Php '000) / % /
Equity
Suppliers' Credit
Others (specify)
Total

Schedule 3: Net Value Added

Total Const. Cost Less Cost of Imported Raw Materials

______= NVA

Total Const. Cost

Yr1 / Yr-2 / Yr-3 / Yr-4
Total Construction Cost
(PhP 000)
Cost of Raw Materials *
( PhP 000)
NVA (%)

*bathroom and kitchen fixtures, (+ elevators and generators for vertical housing)

Schedule 4: Job Generation

Number Employed

Pre-Op / Yr1 / Yr-2 / Yr-3 / Yr4
Direct labor
Indirect labor
Admin/Sales
Managers
Supervisors
TOTAL

Annual Payroll (Php)

Pre-Op / Yr1 / Yr-2 / Yr-3 / Yr4
Direct labor
Indirect labor
Admin/Sales
Managers
Supervisors
TOTAL

Three years projection if expansion

Schedule 5: Timetable of the Project

Activity / Schedule* (Month/Year) / Related Expenses / Cost
(In Php’000)
Land acquisition / Land Cost
Secure necessary license/permit/registration from the government/training costs / Pre-operating expenses
Site preparation and development / Land/Site development Cost
Building/House construction / Building/House construction Cost
Capital Equipment Acquisition* / Capital Equipment Cost
Start of Commercial Operations / Working Capital

* Period (i.e. Jan.2012 – April 2013) except for start of commercial operations

** elevators, generators (for vertical housing projects)

Schedule 6: Status of Licensing, Permits, Consents

Licenses / Permits (indicate applicable only) / Number / Date Issued*
SEC Registration
Development Permit (____sqm; ___ units; issued by ______)
License to Sell issued by HLURB-- (___ units)
Certificate of Registration issued by HLURB-- (____sqm)
Others (specify)

*Indicate date filed and status if not yet issued

Schedule 7: Current Stockholder’s Profile (as of filing date)

Name / Nationality / Capital Stock (PhP) / % Ownership
Subscribed / Paid-up
1.
2.
3.
4.
5.
Total
NAME / POSITION / PROFILE (brief info about the stockholder)
1.
2.
3
4.
5.

SCHEDULE 8: Projected Sales

Year / Volume
(No. of units) / Value
(P ‘000)
1
2
3
4
Total

Three years projection if expansion

HOUSING UNITS APPLIED

HORIZONTAL

EXAMPLE: ABC SUBDIVISION - PH-1

Block No. / Lot No. / TOTAL APPLIED UNITS
1 / 1-5, 10-15, 19-20 / 17
TOTAL / 100

VERTICAL

EXAMPLE: BUILDING 1

Floor No. / Unit No. / TOTAL APPLIED UNITS
2 / 1-5, 10-15, 19-20 / 17
TOTAL / 100

SCHEDULE 9: Projected Selling Price

Unit Type * / No. of units / Unit Size
(Fl. Area in sq.m.) / Lot Area (sqm)** / Selling Price Range /unit
(Php) / Total Sales (Php)
Total / 100 / ***

* Vertical: studio/1-BR/2 BR,etc;

Horizontal: townhouse, rowhouse, single attached/single detached, etc.

** Lot area - only for horizontal housing

*** Indicate total floor area of all housing units (which should be the same in saleable floor area indicated in Schedule 10) for purposes of computing the construction cost per sq.m.(if horizontal project)

SCHEDULE 10: Floor Area Allocation – For Vertical Housing Projects

Floor Area Allocation / Floor Area (Sq.m.) / % to Total
Saleable Area (Housing Units)
Qualified: ----- units
Not Applied/Qualified*: ------units
Auxiliary/ Storage Units
Parking
Common Area
Total Building Floor Area**

Land Allocation – For Horizontal Housing Projects

Land Area(In sq.m.) / % to Total
Applied / Not Applied/ Unqualified* / Total
Saleable Area
Roads and Alleys
Open Space
Excluded Area
Total Subdivision Area**

*Not applied/qualified - not being applied for registration or selling price is more than P3.0M. **Total as indicated in Development Permit

PROPOSED MODE OF COMPLIANCE WITH SOCIALIZED HOUSING (pls check):

Direct participation scheme (donation to a BOI-accredited NGO/Institution engaged in

socialized housing); (VERTICAL HOUSING ONLY) or

Investment Scheme:

New settlement undertaken by the firm

within the subdivision (this project)

another location, in ______

New settlement thru Joint Venture:

with LGU

Subsidiary of the BOI-registered entity

Developer Accredited by the HLURB

ATTACHMENTS:

A)  Project Site should be shown in a Google Map. Sketches not acceptable (Also, indicate registered /unregistered projects, if any).

B)  Schematic Diagram showing Business Model of the Activity being registered with Perspective of the project (Clearly indicate how the proponent will earn revenues and make a profit)

C)  CEO Affidavit on Compliance with Socialized Housing Requirement

D)  Projected Income Statement (with ITH) - with breakdown of cost of sales and admin/operating expenses

E)  Other Sector-Specific requirements:

·  List of BOI-registered Housing Projects (indicating compliance with Specific Terms and Conditions, i.e., tree planting, 20% socialized housing requirement, etc.)

DOCUMENTARY REQUIREMENTS

Ø  SEC Registration (for new applicant)/amendments, if any

Ø  Latest Audited Financial Statements (for existing corporations)

Ø  Latest General Information Sheet (GIS) submitted to SEC

Ø  Board Resolution Authorizing Officer to represent the company (see suggested format)

Ø  Sworn Undertaking signed by CEO that it has not incurred sales and will not incur sales prior to BOI registration, for the mass housing project applied for

Ø  Publisher’s Affidavit of Publication of ‘Notice’ (signed ‘Notice’ to be provided )

Ø  Certified True Copy of Development Permit (from HLURB or LGU)

Ø  Certified True Copy of License to Sell and Certificate of Registration from HLURB

Ø  If project is under Joint Venture Agreement, submit Agreement (only the developer may qualify for registration per 2013 IPP Guidelines)

The applicant has read the Omnibus Investment Code of 1987 and the Rules and Regulations adopted by the BOI and commits itself to abide by the provisions thereof.

DONE IN THE CITY OF ______this ______day of ______2014.

Applicant/Authorized Officer

REPUBLIC OF THE PHILIPPINES

CITY/PROVINCE OF ______) S.S.

MUNICIPALITY OF ______)

SUBSCRIBED AND SWORN to before me this ______day of ______2012 in the City/Province of ______affiant exhibited to me his CTC No. ______issued on ______at _____City.

NOTARY PUBLIC

Doc. No.

Page No.

Attachment B

SAMPLE BUSINESS MODEL FOR SUBDIVISION PROJECT

Attachment C

Attachment D

LIST OF BOI-REGISTERED HOUSING PROJECTS

Name of Project/ Project Location / C.R. No./Date / Capacity (No. Of Units) / Project Cost (P’000) / Subdivision Area (H)/ Saleable Area (V)
(in sq.m.) / Actual Start of Commercial Operations / Compliance with Specific Terms and Conditions

SAMPLE FORMAT FOR SECRETARY’S CERTIFICATE

(Authority for Authorized Representative to Transact with BOI)

SECRETARY’S CERTIFICATE

I, (name of Corporate Secretary), of legal age, Filipino, being the duly elected and qualified Corporate Secretary of (name of applicant firm), a corporation duly organized and existing under the laws of the Philippines, with office address at (office address of applicant firm), under oath, do hereby certify that at the special meeting of the Board of Directors of the Corporation held on (date of special meeting), the following resolution was unanimously adopted:

RESOLVED, that (name of officer of firm), (position of officer) be as it hereby, authorized to transact, execute and sign all documents in behalf of the Corporation pertaining to its application for registration under the Omnibus Investments Code of 1987 (Executive Order No. 226) with the Board of Investments as (new/expanding) developer of (vertical/horizontal) mass housing project (name of project) under the 20___ Investment Priorities Plan.

IN WITNESS WHEREOF, I have hereunto affixed my signature this ______day of ______, 20____ at ______.

Corporate Secretary

Subscribed and Sworn to before me this ______at ______, affiant exhibited to me his CTC No. ______issued on ______at ______.

Notary Public

Doc. No. ______

Page No. ______

Book No. ______

Series of ______

SAMPLE UNDERTAKING OF NO SALES…

------

------

UNDERTAKING

I, ------of legal age, with office address at ------

1.  I am the ------of ------, a corporation organized and existing in according with the law of the Republic of the Philippines, with principal place of business at ------

2.  As ------, I have full knowledge of the operations of the corporation.

3.  I hereby attest that the corporation has not yet incurred sales for its mass housing project, ------, located at ------, and further attest that the corporation will not incur sales until registered with BOI.

4.  I am executing this undertaking in support of the application for registration of the corporation with the board of investments relative to its mass housing project application and for whatever legal purpose it may serve.

------

Affiant

Subscribed and sworn …

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