Climate in Subic Bay is tropical. SBMA is responsible for managing the development of Subic Bay Freeport into a self-sustaining idustrial, commercial, financial and investment center. The conversion of Subic Bay Freeport is one of the top priorities of the Philippine government. Aside from a formal declaration of support in the form of Presidential Proclamation No. 50, President Fidel V. Ramos has repeatedly taken steps to reinforce the fact that the development of Subic is a key item on the national agenda. This means that all economic activity at the Subic Bay benefits from a mandated policy of maximum red tape.
Residency permits are readily available and easily processed.
Generally, Subic welcomes all non-pollutant industries as well as the full range of services, professions, and businesses which serve the needs of a growing internationally oriented community. Light to medium industries such as electronics and computer, machineries and parts, textiles and garments as well as metal casting and fabrication are considered appropriate and economically viable. Sites for heavy industries are available outside the baselands. Developers and operators of tourism facilities, residential complexes, commercial complexes, offices and industrial estates are welcome. Banks, offshore banking units, private educational and medical institutions, and non-resident headquarters are also possible.