Professional Documents
Culture Documents
Schedule 1: PROPONENT
Name of Entity :
Office Address :
Telephone No : Fax No. :
SEC/Registration No. : Date :
Ownership : % Filipino % Foreign
(Nationality)
Authorized Capital : PhP
Total
Indicate in the Nationality if naturalized Filipino
Name : Position :
E-Mail Address :
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
PROJECT DESCRIPTION:
Schedule 1/ Cost
Activity Related Expenses
(Month/Year) (In Php’000)
Land acquisition Land Cost
Secure necessary Pre-operating expenses
license/permit/registration from the
government/training costs
Site preparation and development Land/Site development
Cost
Building/House construction Building/House
construction Cost
Capital Equipment Acquisition 2/ Capital Equipment Cost
Start of Commercial Operations Working Capital
(___months) 3/
TOTAL PROJECT COST
1/
Period (i.e. Jan.2012 – April 2013) except for start of commercial operations
2/
elevators, generators (for vertical housing projects)
3/
normally covers the first three (3) to four (4) months of operations
Construction cost per sqm = Total house (bldg + CE for vertical housing) construction cost
Total floor area
= P______________
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
Volume Value
Year (No. of units) (P ‘000)
1
2
3
4
Total
Three
years projection if expansion
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
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
Unit Type 1/ No. of units Unit Size Lot Area (sqm) Selling Price
(Fl. Area in 2/
Range /unit
sq.m.) (Php)
Total 100 3/
1/
Example - Vertical: studio/1-BR/2 BR,etc;
Example - Horizontal: townhouse, rowhouse, single attached/single detached, etc.
2/
Lot area - only for horizontal housing
3/
Indicate total floor area of all housing units for purposes of computing the construction cost per sq.m.(if horizontal
project)
Estimated VAT
Real Estate Property Tax
Total Tax
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
1/
Not applied/qualified - (indicate reason: ex.: for future expansion, existing or selling price is
more than P2.0M)
2/
Total as indicated in Development Permit
Projected Income Statement (Itemized Cost of Goods Sold and Operating expenses) without ITH – as attachment C
Number of Personnel
Classification Y1 Y2 Y3 Y4
Direct Labor
Indirect Labor
Selling/Admin
TOTAL
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
Status of
Licenses / Permits (indicate applicable only) Date Filed
Application*
License to Sell issued by HLURB-- (___ units)
Certificate of Registration issued by HLURB-- (____sqm)
Others (specify)
*Indicate status if not yet issued
ATTACHMENTS:
A. Project site should be shown in Map View. Sketches not acceptable (indicate by an arrow the exact
location of the proposed project and existing projects around the proposed site – registered or not with
BOI, if any).
B. Schematic Diagram showing Business Model of the activity being registered (clearly indicate how the
proponent will earn revenues and make profit); with picture of model unit/building perspective;;
C. Projected Income Statement
D. List of BOI-registered Housing Projects indicating compliance with socialized housing requirement.
E. Project site in Map View of the proposed socialized housing; picture of model unit/building perspective
indicating the cost per unit, land and floor area.
The applicant has read the Omnibus Investment Code of 1987 and the Rules and Regulations adopted by the BOI
and commit itself to abide by the provisions thereof.
NOTARY PUBLIC
Until Dec. 31,
Doc. No. :
Page No. :
Book No. :
Series of :
Attachment B
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
Financing:
Equity - __%
Bank Loan - __%
Suppliers’ Credit - __%
INSERT PICTURE
OF MODEL
Acquisition of UNIT/BLDG. Target Market: Family
land PERSPECTIVE renting an apartment,
OFWs, start-up families
Interest income
from in-house
financing
Sales of unqualified /
not applied units
Rental income
Attachment C
Interest Income *
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Page 7 of 12
financing)
*Not entitled to ITH
BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
COMPANY NAME
Projected Income Statement (with ITH)
PROJECT NAME
Gross Profit
Attachment D
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
SECRETARY’S CERTIFICATE
(Authority for Authorized Representative to Transact with BOI)
I, (name of Corporate Secretary), of legal age, Filipino, being the duly elected and qualified Corporate
Secretary of (name of applicant enterprise), a corporation duly organized and existing under the laws of the
Philippines, with office address at (office address of applicant enterprise), 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 enterprise), (position of officer) be, as it is hereby authorized to transact,
execute and sign all documents in behalf of the Corporation pertaining to its application for registration with the Board
of Investments (BOI) under the Omnibus Investments Code of 1987 (Executive Order No. 226) for the (proposed
project/ activity) as (New) (Expanding) economic and low cost housing developer under the 20___ Investment
Priorities Plan (IPP) of the BOI.
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 _______
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
----------
---------
UNDERTAKING
1. I am the (CEO or President - position in the company) of (name of company), a corporation organized and
existing in according with the law of the Republic of the Philippines, with principal place of business at ------
3. I hereby attest that the corporation has not yet incurred sales for its mass housing project, ( name of 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 to before me this _______________ at Makati City, the affiant exhibited to me, as
competent evidence of identity, ____________________________.
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BOI FORM 501
ECONOMIC AND LOW-COST HOUSING
DOCUMENTARY REQUIREMENTS:
1. Properly accomplished application form, duly signed and notarized
Schedules
Map View
Business Model
Projected Income Statement
2. For Corporations: Copy of the SEC Certificate of Incorporation, Articles of Incorporation (latest
amended) and By-Laws
For Sole Proprietorships: Copy of the DTI Business Name Registration
3. For Corporations: Latest General Information Sheet
4. For Corporations: Board Resolution authorizing the officer to represent the company
5. Latest Audited Financial Statements (AFS)
6. List of BOI-registered Projects showing compliance with the Terms & Conditions, Socialized
Housing Requirement, Status of Operation and Incentives Availed
7. Proof of Publication (to be submitted within five (5) days from official filing)
8. DAR Conversion / Exemption Order (if already available)
9. Integrity Pledge
10. Other documents that may be required by the specific activity in the IPP:
Economic and Low-cost Housing:
o 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;
o Certified true copy of Development Permit (and License to Sell and Certificate of
Registration if already available);
o If project is under Joint Venture (JV) Agreement, submit JV Agreement (only the developer
may qualify for registration per IPP Guidelines);
o CEO Affidavit (for those with previously registered project/s with BOI that are due for
compliance with the socialized housing requirement); and
o Secretary’s Certificate adopting that only revenues arising from sale of housing units used
as family home or dwelling shall be covered by income tax holiday.
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