The Cagayan Economic Zone & Freeport (CSEZFP), on the northeast of the Philippines, is one of the 5 special economic zones in the Philippines. Spatially, it covers the entire Municipality of Sta. Ana, including the Islands of Fuga, Barit, and Mabbag in the Municipality of Aparri in the Province of Cagayan, and is surrounded by the waters of Babuyan Channel and South China Sea on the North and the Pacific Ocean on the east. Approximately 54,118.95 hectares of land for urban, suburban, agricultural and industrial development .
CSEZFP is the only region in southeast asia that pass a law called Republic Act 7922 (also known as the “Cagayan Special Economic Zone Act of 1995″) by Congress to ensure rights of setting up online gambling companies.
The Philippines is a democratic and republican State. Under such a system, an act is legislation passed by Congress. A regulation is commonly known as “subsidiary legislation” which means that regulations is guidelines that dictate how the provisions of the act are applied. Therefore , Republic Act 7922 will not be easily affected by changes from president or party alternation.
Comparing to the independence of Congress and government in the Philippines, Cambodia government is more powerful and could easily interfere or cancel any law already passed by Congress. Although Cambodia is also ready to implement relevant laws for gaming industry, the safety and stability should be still taken into consideration.
And if companies want to obtain gaming licenses in Metro Manila, they should apply to PAGCOR which is under the office of the president of the Philippines. In other words, it’s not protected by any law passed by Congress, and decrees issued by the president could be ever-changing.
Official website of CEZA: https://ceza.gov.ph/
Republic Act 7922: https://ceza.gov.ph/republic-act-7922-0
The airport includes a 2100m runway and is capable of handling narrow-body aircraft—Airbus A320, Boeing 737, etc. It’s 50 kilometers away from the Cagayan Ecozone and also serve international flights to Macau weekly. In addition, to attract more investors, the Cagayan Ecozone is planning to build an $80-million airport, and the new airport would be constructed right inside the economic zone.
The airport includes a 2100m runway and is capable of handling narrow-body aircraft—Airbus A320, Boeing 737, etc. It’s 50 kilometers away from the Cagayan Ecozone and also serve international flights to Macau weekly. In addition, to attract more investors, the Cagayan Ecozone is planning to build an $80-million airport, and the new airport would be constructed right inside the economic zone.
CSEZFP is on the north-easternmost point of Luzon, and it’s one of 5 special economic zones in the Philippines.
Port of Irene is the closest international port to Taiwan, Hong Kong, China, Japan, Korea and known as the main port of entry in Cagayan as well.
On the basis of Republic Act 7922, CEZA is dedicated to attracting foreign investors to develop the Cagayan Ecozone jointly. It keeps improving relevant laws to provide duty-free policy, issue working permits (none of the CEZA logo, name of the company or line of work will be shown on it), and support the development of online & offline gambling company. Furthermore, the cost is much lower than in Metro Manila.
