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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City, Metro Manila 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. 2714 
Introduced by Representatives Bryan B. Revilla, Lani Mercado-Revilla, and Ramon 
Jolo B. Revilla III 
AN ACT 
PROVIDING BENEFITS AND INCENTIVES TO OVERSEAS FILIPINO 
WORKERS INVESTING IN BUSINESS IN THE PHILIPPINES 
EXPLANATORY NOTE 
The Overseas Filipino Worker (OFW) is one of the most important contributors to the 
Philippine economy.  Through their hard work, dedication, and sacrifices, OFWs play 
a significant role in driving the country's economic development. The remittances they 
send account for a large portion of the country's Gross Domestic Product (GDP), and 
this financial support greatly contributes to improving the lives of millions of Filipino 
families. 
However, despite the significant financial support provided by OFWs, many are still 
left with limited opportunities to fully secure their future and contribute to the 
sustainable development of the Philippines. Although OFWs are recognized for their 
work ethic by their foreign employers, they often face challenges in trying to become 
successful entrepreneurs upon returning to the Philippines. These challenges include 
lack of access to capital, limited knowledge on starting a business, and difficulty 
navigating the complex bureaucracy involved in business registration and compliance. 
Under section 18, Article II of the Constitution, the State affirms labor as a primary 
social economic force. Furthermore, under section 20 of the same Article, the State 
recognizes the indispensable role of the private sector, encourages private enterprise, 
and provides incentives to needed investments. 
This measure seeks to address these issues by providing OFWs with incentives and 
benefits aimed at encouraging them to invest in business in the Philippines by creating 
a conducive environment for OFWs to channel their hard-earned savings into local 
entrepreneurial ventures. This will not only secure their financial future but it will also 
foster economic growth and prosperity in the country. Through these benefits and 
incentives, we work to ensure that the sacrifices made by our OFWs continue to result 
in lasting positive change for themselves, their families, and their country. 
In view of the foregoing, the early passage of this bill is urgently sought. 
July 29, 2025
5:00 pm


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      REP. BRYAN B. REVILLA 
 
REP. LANI MERCADO-REVILLA 
Representative, AGIMAT Partylist  
 Representative, 2nd District of Cavite  
REP. RAMON JOLO B. REVILLA III 
Representative, 1st District of Cavite 


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Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City, Metro Manila 
TWENTIETH CONGRESS 
First Regular Session 
HOUSE BILL NO. 2714 
Introduced by Representatives Bryan B. Revilla, Lani Mercado-Revilla, and Ramon 
Jolo B. Revilla III 
AN ACT 
PROVIDING BENEFITS AND INCENTIVES TO OVERSEAS FILIPINO 
WORKERS INVESTING IN BUSINESS IN THE PHILIPPINES 
Be it enacted by the Senate and House of Representatives of the Philippines in 
Congress assembled: 
SECTION 1. Short Title. - This Act shall be known as the "Business Incentives for 
OFWs Act" 
SEC. 2. Declaration of Policy. - It is the policy of the State to promote, at all times, 
the welfare of its citizens whether in the country or overseas. Further, the State 
recognizes the significant contribution of Overseas Filipino Workers (OFWs) to the 
national economy through their foreign exchange remittances and their valuable role 
as a partner in our nation's progress. At the same time, the State recognizes the role 
of business enterprises for employment generation resulting in economic growth and 
a strong development foundation for the country. 
Pursuant to these policies, it is likewise hereby declared to be the policy of the State 
to pioneer and develop innovative means to provide incentives and other benefits to 
returning migrants who shall engage in business and invest in the Philippines, in order 
to effectively aid their reintegration through the productive use of remittances and at 
the same time contribute towards the development of national and local economies 
and skills-transfer. 
SEC. 3. Definition of Terms. - As used in this Act the following terms shall mean: 
(a) "Overseas Filipino Worker (OFW)" is a person who is to be engaged, is
engaged or has been engaged in a remunerated activity in a State of which the
person is not a citizen or on board a vessel navigating the foreign seas other
than a government ship used for military or noncommercial purposes or on an
installation located offshore or on the high seas: Provided, That one whose
employment overseas has ceased, by reason of expiration of such contract or
otherwise, shall still be considered an OFW under this Act if the cessation took
place not more than five (5) years before the filing of an application for the
registration provided for in Section 5 hereof;
(b) "Business Enterprise" is a duly registered business engaged in industry,
agribusiness and/or services, whether a single proprietorship, cooperative,


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partnership or corporation. A business engaged in services shall exclude those 
rendered by (i) natural persons who are duly licensed by the government after 
having passed a government licensure examination, in connection with the 
exercise of their profession, and (ii) juridical persons such as partnerships or 
corporations engaged in consultancy, advisory and similar services where the 
performance of such services are essentially carried out through licensed 
professionals, likewise in the connection with the exercise of their profession; 
(c) "OFW-owned Business Enterprise" is a business enterprise that falls under one 
of the following categories: (i) a Sole Proprietorship owned by an OFW; (ii) 
Partnerships, more than fifty percent (50%) of the capital of which was 
contributed by one or more partners who are OFWs; or (iii) a Stock Corporation, 
more than fifty percent (50%) of the outstanding capital stock of which is held 
by one or more OFWs. 
  
SEC. 4. Tax Exemption. - An OFW-owned business enterprise shall be exempt from 
the payment of income tax for a non-extendable period of five (5) years following 
registration. This exemption is without prejudice to any other benefit or tax exemption 
granted to the enterprise by any other laws. All Local Government Units (LGUs) are 
encouraged either to reduce the amount of local taxes, fees and charges imposed or 
to exempt an OFW-owned business enterprise from local taxes, fees and charges. 
  
SEC. 5. Other Benefits and Incentives. - An OFW-business enterprise may also 
avail of the following incentives: 
(a) Fifty Percent (50%) reduction on real property taxes imposed on real property 
for the operation of the OFW owned business enterprise; 
(b) Tax and duty-free importation of raw materials, capital equipment, machineries 
and spare parts exclusively used in the operation of the OFW owned business 
enterprise; and/or 
(c) Preferential access to financing from government financial institutions at rates 
below the market rates; 
  
Provided, That an OFW-owned business enterprise may avail of these incentives for 
a period of five years following registration. 
  
SEC. 6. Eligibility of OFW-owned business enterprises. - To qualify for the benefits 
and incentives provided to OFW-owned business enterprises under this Act, a 
business enterprise must fall under one of the following categories: 
(a) A Sole Proprietorship owned by an OFW; 
(b) A Partnership, more than fifty percent (50%) of the capital of which was 
contributed by one or more partners who are OFWs; or 
(c) A Stock Corporation, more than fifty percent (50%) of the outstanding capital 
stock of which is held by one or more OFWs. 
  
SEC. 7. Registration and Issuance of Certificate. - To qualify for the benefits and 
incentives under this Act, a business enterprise must apply for registration with the 
Bureau of Internal Revenue (BIR) as an OFW-owned business enterprise. Any such 
application shall be processed by the BIR free of charge within fifteen (15) working 
days upon submission of complete documents as provided in Section 8 of this Act. 
Otherwise, the OFW-owned business enterprise shall be deemed registered. 
  


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SEC. 8. Documentary Requirements. - The BIR shall require an OFW owned 
business enterprise to submit the following requirements in its application for the 
Certificate of Registration: 
(a) Certificate from the POEA or the Overseas Workers Welfare Administration 
(OWWA) that the person seeking registration hereunder of their business entity 
or enterprise are OFWs as defined in Section 3(a) of this Act or a copy of their 
overseas employment contract duly approved by the POEA; 
(b) Taxpayer Identification Number (TIN); 
(c) Documents of registration as a business entity or enterprise issued by the 
appropriate government agencies such as the Security and Exchange 
Commission (SEC) for corporations and partnerships and the Department of 
Trade and Industry (DTI) for sole proprietorships; Provided, That in the case of 
micro enterprises as defined herein, registration with the office of the municipal 
or city treasurer shall be deemed sufficient compliance with this requirement; 
(d) Articles of Incorporation in the case of new corporations; 
(e) Partnership Agreement in the case of new partnerships; 
(f) General Information Sheet (GIS) in the case of existing corporations and 
partnerships. 
  
No other document shall be required for the processing of this application. 
  
SEC. 9. Financial Literacy Program for OFWs; Information Dissemination. – To 
ensure that the incentives and benefits provided for under this Act shall be effectively 
harnessed and maximized, the Commission on Filipinos Overseas (CF), the Overseas 
Workers Welfare Administration (OWWA), and the National Reintegration Center of 
OFWs (NCRO) shall institutionalize the conduct of financial literacy programs and 
capacity building seminars on entrepreneurship and investment programs for 
Overseas Filipino Workers. 
  
Provided, That in the conduct of pre-employment/pre-departure orientation seminars, 
post-arrival/reintegration seminars, the financial literacy programs shall likewise be 
incorporated as an integral part thereof. Provided, further. That the Department of 
Foreign Affairs (DFA), CFO, Philippine Overseas Employment Administration (POEA), 
OWWA, and all other relevant government agencies with respect to overseas Filipinos, 
including all local government units, shall extensively carry out information 
dissemination on the benefits and program provided for in this Act. 
  
SEC. 10. Fraud or Misrepresentation. - Any business entity found to have committed 
fraud or misrepresentation for the purpose of qualifying for the benefits hereunder shall 
be immediately disqualified as a beneficiary hereof and its Certificate of Registration 
cancelled, without prejudice to the assessment and collection of back taxes for the 
period corresponding to its exemption, as well as to any administrative, criminal or civil 
liability under existing laws. 
  
SEC. 11. Non-Transferability. - The benefits and incentives provided in this Act 
cannot be transferred to any other person, association or business entity. 
  
SEC. 12. Cessation of Operations or Retirement of Business. - Any enterprise 
registered hereunder that retires or otherwise ceases its business operations shall 
thereupon be excluded from the coverage of this Act. Within thirty (30) days therefrom 


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the enterprise shall report the fact of such retirement or cessation to the BIR, which 
shall then cancel the enterprise's Certificate of Registration. 
  
SEC. 13. Implementing Rules and Regulations (IRR). - The BIR in coordination with 
the POEA, DTI, and SEC shall promulgate not later than sixty (60) days upon the 
effectivity of this Act the necessary rules and regulations for its effective 
implementation. 
  
SEC. 14. Separability Clause. - If any provision of this Act is subsequently declared 
invalid or unconstitutional, other provisions hereof which are not affected thereby shall 
remain in full force and effect. 
  
SEC. 15. Repealing Clause. - All laws, presidential decrees, executive order, 
issuances, presidential proclamations, rules and regulations or parts thereof which are 
contrary to and inconsistent with any provisions of this Act are hereby repealed, 
amended or modified accordingly. 
  
Approved,