Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City
NINETEENTH CONGRESS 
Second Regular Session 
HOUSE BILL No.  9809 
Introduced by Representative CAMILLE A. VILLAR 
AN ACT 
PROVIDING INCENTIVES, BENEFITS AND TRAININGS TO OVERSEAS 
FILIPINO WORKERS INVESTING IN BUSINESS IN THE PHILIPPINES 
Explanatory Note 
Overseas Filipino Workers (OFWs) are our modem-day heroes. Their foreign 
exchange remittances have greatly contributed to the Philippine economy during 
crises or pandemics. 
Beyond this, however, OFWs are not without sacrifices. They left behind their 
families, endured homesickness and substandard working conditions just to have 
moneys to remit to their loved ones. A lot of them would prefer to come home to the 
Philippines and try their luck at employment or in business. 
This bill gives former OFWs the benefits and incentives to engage in business 
and invest in the country. The measure endeavors to exempt OFW-owned 
enterprises from their initial income tax, grants reduced real property tax, and tax 
and duty-free benefits on importation of raw materials, capital equipment, 
machineries and spare parts exclusively used in the operation of the OFW-owned 
business enterprise. They are also be given preferential access to financing from 
government financial institutions at rates below the market rates. 
Lastly, this bill will effectively aid the OFWs reintegration through the 
productive use of remittances and contribute towards the development of Philippine 
economy. 
Therefore, the approval of this bill is earnestly sought. 
c,1'9utt;, 
CAMILLE A. VILLAR 
January 22, 2024
4:26 pm


Republic of the Philippines 
HOUSE OF REPRESENTATIVES 
Quezon City 
NINETEENTH CONGRESS 
Second Regular Session 
HOUSE BILL No.  9809
Introduced by Representative CAMILLE A. VILLAR 
AN ACT 
PROVIDING INCENTIVES, BENEFITS AND TRAININGS 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 II 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 of 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 OFWs 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. 
mean: 
SEC. 3. Definition of Tenns. - As used in this Act the following terms shall 
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
non-commercial purposes or on an installation located offshore or in