INFORMATION FOR INVESTORS

Carmona is strategically situated in Cavite, Philippines, and was made a city on July 8, 2023. Being a gateway to the CALABARZON area and only 48 kilometers from Metro Manila, this city provides a vibrant environment for investors. It is the perfect place for a variety of business endeavors.

From its agricultural beginnings, the city's economy has developed into a thriving industrial center. Carmona is home to over 100 enterprises across eight industrial parks and two industrial compounds. These establishments work in various fields, such as the automotive, electronics, and industrial sectors. Both local employment and municipal revenues have increased dramatically due to this industrialization.

Carmona is undoubtedly becoming the rising star of the South with its endeavor to become a Carmona International City and the planned construction of a mixed-use complex.

Why Invest in Carmona City, Cavite?

Transitioning from a municipality to a city demonstrates a commitment to growth and development, which attracts more investors and drives economic and industrial expansion.

Here are key reasons to consider investing in Carmona City:

• Strategic Location and Accessibility

Carmona's proximity to Metro Manila, approximately 48 kilometers, enhances its appeal to businesses. Efficient transportation and logistics are made possible by the city's well-developed infrastructure, which includes essential road networks like Governor's Drive and the South Luzon Expressway (SLEX).

• Thriving Industrial and Economic Hub

The city hosts several factories from various industries, including the manufacturing, electronics, and automotive sectors. Both local employment and municipal revenues have increased dramatically due to this industrialization.

• Booming Real Estate

Due to the region's rapid urbanization and population growth, new residential projects are being developed, which is driving up housing demand. Due to this growth, Carmona will become a vibrant center for real estate and economic activity, expected to draw in more residents and investors.

• Supportive Local Government Initiatives

The local government actively cultivates a business-friendly environment through programs like the Community-Based Monitoring System (CBMS) to ensure that programs meet the requirements of both enterprises and residents and promote sustainable economic growth.

• Quality of Life Enhancements

Carmona offers investors and their staff a good quality of life with its modern conveniences, medical facilities, educational institutions, and recreational opportunities. The city's inclusive community ideals are reflected in its national and worldwide reputation for its dedication to being child-and-PWD-friendly.

How to Establish a Business in Carmona Cavite?

1. Choose Your Business Structure: By selecting the proper business structure, you can make sure that your company is in line with your objectives, risk tolerance, and management style.
   • Sole Proprietorship: Any business owned by one person, including freelancers and professionals. Registering as a sole proprietor is beneficial because it usually has lower taxes and fewer regulations to comply with.
   • Corporations and Partnerships: Any business with more than one owner belongs to this group. However, corporations and partnerships are heavily regulated and are taxed more than sole proprietors.
   • Domestic Corporation: These are for people who want to create a large-scale enterprise since this business structure enables them to have more than 5 investors.
   • General Partnership: If you cannot create a business on your own due to a lack of capital but also do not want the added responsibility of a corporation, then this may be the best business structure for you.
2. Find a suitable location to be the address of your business: Selecting the right location is a strategic decision that can significantly impact the success of your business by considering customer accessibility, operational efficiency, cost considerations, zoning regulations, workforce availability, competition, and future growth.
3. Register your Business Name:
   • Register your corporation or partnership with the Securities and Exchange Commission (SEC) to establish its legal personality and secure compliance with Philippine laws.
   • Register your cooperative with the Cooperative Development Authority (CDA) to gain recognition and access to cooperative privileges and benefits.
   • Register your business name with the Department of Trade and Industry (DTI) to protect your brand and make it official.
   • Register with the Board of Investments (BOI) to avail yourself of tax holidays, exemptions, and other benefits.
4. Secure the following:
   • TIN: Obtain a Tax Identification Number from the Bureau of Internal Revenue (BIR) to comply with tax requirements.
   • SSS Number: Register with the Social Security System (SSS) to comply with employee benefits requirements.
   • Philhealth Membership: Register your business and employees in Philhealth to provide mandatory healthcare coverage as covered in the government's health insurance program.
   • ECC or CNC: For projects that may affect the environment, obtain an Environmental Compliance Certificate (ECC) or Certificate of Non-Coverage (CNC) from the Department of Environmental and Natural Resources (DENR).
5. Register for Business Permits: Register for business permits once everything on the list is completed. Secure locational clearances and business permits from the municipal or city offices where the company operates to ensure compliance with local zoning regulations and allow your operations legally.

*Failure to register your business has corresponding penalties based on RMO No. 7-2015. For any inquiry or assistance in registering your business, feel free to contact corporate@diskurso.ph or message its Facebook Page.

Cost of Doing Business in Carmona City, Cavite

Below is the cost of doing business in Cavite, particularly the City of Carmona. Refer to data from the official website of the Province of Cavite.

Investment Opportunities in Carmona City, Cavite

Carmona City, a 1st class and new city of Cavite Province, offers several investment opportunities across various sectors, driven by its strategic location, supportive local government, and ongoing developments.

Below are investment opportunities in the city:

Industrial and Manufacturing Development

Carmona is home to several industrial estates and industrial compounds that host numerous manufacturing and commercial establishments.

• Industrial Estates:
  • Cavite-Carmona Industrial Estate (CCIE): This 100-hectare estate accommodates light and medium-scale industries. To date, 76 companies are operating at CCIE.
    • Location: Mabuhay, Carmona, Cavite
  • People's Technology Complex (PTC): This 52.99-hectare special economic zone is part of CCIE and hosts various labor-intensive and export-oriented industries. As of 2017, 51 companies are operating at PTC.
    • Location: 11 Carmona Bypass Road, Maduya, Carmona, Cavite
  • Granville Industrial Complex: This 7-hectare complex is home to 20 industries, primarily involved in manufacturing and food production.
    • Location: Governor's Drive at Barangay Bancal, Carmona, Cavite
  • Mountview Industrial Complex I: This 24-hectare estate is fully developed with well-paved roads, water, sewer, and power lines. It hosts 47 companies.
    • Location: Barangay Bancal, Carmona Cavite
  • Mountview Industrial Complex II: It is part of the larger Mountview Industrial area, with 17 operating companies.
    • Location: Barangay Bancal, Carmona Cavite
  • Southcoast Industrial Estate: This estate is fully landscaped with modern infrastructure, including concrete roads and storm drainage systems. 20 companies are operating within the estate.
    • Location: Governor's Drive, Bancal, Carmona, Cavite
  • Welborne Industrial Park: Designed for light and medium industries. It has a centralized water system and can provide high electricity load connections. It has 22 operating companies to date.
    • Location: Barangay Bancal, Carmona Cavite

• Major Manufacturing Establishments:
  • ROHM Electronics Philippines, Inc.: Semiconductor manufacturing specializes in producing electronic components and semiconductors.
    • Location: People's Technology Complex-SEZ, 4116 Governor's Dr, Carmona, Cavite
  • ON Semiconductor Philippines, Inc.: Semiconductor manufacturing that operates a probe, assembly, and test factory.
    • Location: Governor's Dr, Carmona, Cavite, Philippines
  • MM Steel Service Center Corporation: Engages in steel processing and distribution services.
    • Location: People's Technology Complex-Special Economic Zone, PTC-Special Economic Zone, Carmona, Cavite
  • Almazora Motors Corporation: Established in 1925, Almazora is a leading bus and truck body manufacturer in the Philippines.
    • Location: Golden Mile Business Park, Maduya, Carmona, Cavite
  • Blaine Manufacturing Corporation: A 100% Filipino-owned company established in 2008 that produces a wide range of oral, skin, hair, and household care products, operating from their facility in Carmona.
    • Location: Blaine Industrial Complex, Brgy. 14 Kamias Road, Governor's Drive, Bo. Bancal, Carmona, Cavite

Under Development Commercial and Real Estate

• Carmona International City (CIC): A joint venture between the Carmona city government, SM Development Corporation (SMDC), and SM Prime Holdings, Inc. (SMPH), this project aims to transform Carmona into a vibrant economic hub with residential, commercial, and industrial zones.
  • Sol Oriente Heights: A new condominium project in Carmona International City emphasizing sustainability and innovative design.
  • Condo Price: ₱4.5M - ₱9.5M
  • Location: Sol Oriente Heights Condominium, Carmona
• Southwoods City by Megaworld Corp: A fully integrated mixed-use township featuring residential areas, business districts, commercial centers, and leisure facilities, including a golf course.
  • Holland Park Condominium: A residential condominium project by Megaworld inspired by the colorful street houses of Copenhagen, Denmark.
    • Condo Price: ₱4.1M - ₱10.6M
  • Pahara: A high-end residential community within Southwoods City, offering spacious lots.
    • Lot Price: ₱7.3M for 240 sqm
  • Tulip Gardens: A five-mid-rise residential condominium project within Southwoods City.
    • Condo Price: Starts at ₱2.7M
• Commercial Leasing Price in Southwoods City: ₱ 400/sqm or ₱ 1,159,200/month + VAT for a 2,898 sqm lot
  • Location: Southwoods City, General Mariano Alvarez, Cavite
• Mallorca City Commercial Boulevard: This Commercial Boulevard offers retail strips for family activities, including grocery shopping, dining, and other lifestyle needs.
  • Condo Price: Starts at around ₱3,997,084
  • Commercial Leasing Price: Starts at ₱250/sqm per month
  • Location: Brgy. Maguyam, Silang, Cavite
• Ciela at Aera Heights: Ayala Land Premier's master-planned community offering pre-selling residential lots.
  • Residential Lot Price: Price varies, starting at ₱ 36,573,661 for a 725 sqm lot
  • Location: Barangay Lantic, Carmona, Cavite
• Carmona Estates: A residential subdivision offering functional and comfortable house models.
  • Condo Price: ₱2.1M - ₱5.2M
  • Location: Barangay Lantic Carmona Cavite
• Stonebridge Estates: A residential subdivision offering proximity to urban conveniences while maintaining a peaceful community atmosphere.
  • Condo Price: ₱4.5M - ₱4.7M
  • Location: Barangay Mabuhay, Carmona Cavite

Existing Mall, Public Market, Warehouse, and Commercial Spaces

• Waltermart Carmona: A community mall offering a range of retail stores, supermarkets, dining options, and essential services, providing convenience for daily shopping needs.
  • Location: Governor's Drive, Macaria Business Center, Barangay Mabuhay, Carmona, Cavite
• Carmona Public Market: The market offers a variety of goods and services.
  • Location: J.M. Loyola, Carmona, Cavite
• FDAY Commercial Building: The building features modern office spaces, meeting rooms, and coworking areas, making it ideal for businesses looking for a professional environment.
  • Commercial Space: Approximately ₱150,000 per month for a 170 sqm floor area
  • Location: Governor's Drive, Carmona, Cavite
• VYCA Warehouse Rental: Offers a range of warehouse spaces suitable for various business needs.
  • Rental: ₱100 - ₱250 per sqm per month
  • Location: Lot 1, Block 7, 3rd Street, Barangay Maduya, Carmona

Disclaimer: Residential prices and commercial rentals are subject to change and may vary without prior notice based on specific unit features, location, and availability.

BPO and IT Companies:

• Novatel Inc.: Specializes in deploying, modernizing, and maintaining telecommunications networks.
  • Location: Units 5 & 6 Best Century 88 Bldg., Gov. Drive, Brgy. Maduya, Carmona, Cavite
• Carmona TJP Legal Assistance Services: They offer offshore legal processing services, including document review, legal research, and case management.
  • Location: B18 L4 Bldg. 4 Unit 202 Jahayari Inc., Canyon Ranch, Brgy. Lantic, Carmona, Cavite
• K & R Diamond Outsourcing Services Co.: Offers complete back-office disputing services, which include factual and compliance dispute methods.
  • Location: Paseo de Carmona Square Unit 2DE, 2/F Nat'l Road, Brgy. Maduya, Carmona, Cavite
• Sutherland Global Services Philippines, Inc.: They specialize in digital transformation, offering services such as telemarketing, customer support, and other contact center operations.
  • Location: Remington Bldg., Gov. Drive, Poblacion 8, Carmona, Cavite

Agricultural Investment

In 2000, 609 hectares (1,500 acres), or 19.7% of the total land area of Carmona, were used for agriculture. In the Municipality, 217 farmers work as farmers and planters. Carmona's fourteen barangays share animals and crops.

• Crop production: The municipality's main crops are sugarcane, lowland, and upland rice. Fruit trees, vegetables, root crops, and grain are among the other crops cultivated.
• Fruits and vegetables production: 23.5 hectares (58 acres) of land were planted with various crops and fruit trees in 2000. They produced an estimated 444 meters (1,457 feet) of multiple products.
• Livestock and poultry production: Most of the municipality's livestock and poultry operations are family-run backyard businesses. Raised animals are typically used for domestic food and as a family's extra source of revenue.

Financial/Banking Services

Here are major banks and financial services in Carmona Cavite:

• Bank of the Philippine Islands (BPI): Provides a suite of financial services. The main branch is located along Governor's Drive, Carmona.
• Metrobank: Offers a wide range of services, such as personal and corporate banking, loans, credit cards, and investment options. ATM locations at Macaria Business Center, Waltermart Carmona, People's Technology Complex, and Granville Industrial Complex.
• Banco de Oro (BDO): Provides extensive banking services, including credit cards, loans, personal and business accounts, and investment products-the remittance branch at Motorola Philippines, Inc. Compound, Barangay Maduya.
• Chinatrust Bank: Offers services such as deposits, loans, credit cards, and wealth management solutions. It is located on the Ground Floor of the Paraiso Building, National Highway, Barrio Maduya.
• Chinabank: Provides retail banking services, including savings and checking accounts, loans, and time deposits. It is located at Loyola Street, at the gate of Stonebridge Estates in Barangay Mabuhay.
• Rizal Commercial Banking Corporation (RCBC): Offers various services, including personal and corporate banking, loans, credit cards, and investment products. It is located at People's Technology Avenue, Carmona.
• Unionbank: Provides services such as corporate banking solutions, credit cards, loans, and digital banking. It is located at Daang Governor, Carmona.

Support Services Development:

• Medical Facilities:
  • Carmona Hospital and Medical Center: Offers comprehensive healthcare services with state-of-the-art diagnostic and therapeutic equipment.
    • Location: Governor's Drive, Purificacion St., Brgy. Mabuhay, Carmona, Cavite.
  • MDMGI Diagnostic & Medical Clinic: Offers diagnostic and medical services, focusing on providing accessible healthcare solutions to the community.
    • Location: Maduya, Carmona, Cavite (beside Motolite).
  • Pagamutang Bayan ng Carmona: Provides primary care services, emergency care, and outpatient services.
    • Location: 252 San Jose Street, Barangay 2 (Poblacion), Carmona, Cavite

• Educational Establishments:
  • Cavite State University - Carmona Campus: Offers a variety of programs in fields such as agriculture, business, education, engineering, and health sciences.
    • Location: Market Road, Santa Rosa, Calabarzon
  • Al-Medinah Harmony Model Schools: A holistic education program integrating academic excellence with Islamic values.
    • Location: Al-Medinah Street, Oko, Carmona, Cavite
  • STI College - Carmona: Provides a range of programs focusing on information technology, business, and hospitality management.
    • Location: South Luzon Expressway, Maduya, Carmona
  • Washington Christian School (WCS): A comprehensive educational institution catering to students from kindergarten to Grade 12.
    • Location: Lot 3 South Horizon 1, Governor's Drive, Barangay Cabilang Baybay, Carmona Cavite
  • Zion Academy of Carmona: A private non-sectarian school offering primary and secondary education.
    • Location: 11222 JM Loyola St., Brgy. Mabuhay, Carmona, Cavite
  • Colegio De San Jose of Carmona Cavite: An educational institution offering primary and secondary programs.
    • Location: 654 Magallanes Street, Carmona Cavite

Geographic and Demographic Information

Land Area:

Carmona represents 1.95% of the province's total land area, with a total land area of 29.7 square meters (320,224,980 sq ft). These areas are currently occupied by 14 barangays, of which 7 are considered poblacion barangays, and 7 others are regular barangays. Barangay Lantic is the largest area, while Barangay 2 has the smallest area.

Geographic Location:

Carmona is situated in the easternmost region of Cavite province, 13 kilometers (8.1 miles) from Biñan, 28 kilometers (17 miles) from the provincial capital, Imus, and 48 kilometers (30 miles) south of Manila.

Population:

In the 2020 census, the population of Carmona, Cavite, was 106,256 people. This represented 2.45% of the total population of Cavite province or 0.66% of the overall population of the CALABARZON region.

• Population by age group: According to the 2015 Census, the age group with the highest population in Carmona is 20 to 24, with 10,034 individuals. Conversely, the age group with the lowest population is 80 and over, with 420 individuals.

Economy:

The annual regular revenue of Carmona for the fiscal year of 2016 was ₱515,747,092.21.

Language/Dialects:

The primary language spoken is Tagalog. In some areas, they speak Chabacano or Chavacano. English is considered a second language widely used as a communication medium in business and higher education.

Religious Sectors:

The majority of inhabitants are composed of Roman Catholics, Protestants, and other non-denominational groups.

Labor Force Statistics in Carmona Cavite

• Labor Force Population: 24,918 (members 15 years old and older who are actively seeking work)
• Employment Rate: The employment rate is 98.03%.
• Unemployment Rate: The unemployment rate is 1.97%.
• Labor Force Participation Rate (LFPR): The LFPR percentage of the working-age population (15 to 64 years) is approximately 59.5%, calculated as (66,517 / 106,256) × 100.

Minimum Wage Rates in Carmona Cavite

According to the Department of Labor and Employment (DOLE), effective September 30, 2024, the daily minimum wage rates in Cavite Province are as follows:

Crime Statistics in Carmona Cavite

Based on Cavite Ecological Profile 2020, the Average Monthly Crime Rate (AMCR) of Carmona City is 13.18%. This is relatively lower compared to other cities in Cavite province.

Efforts to Reduce Crime:

Carmona, Cavite, has implemented several initiatives to enhance public safety and reduce crime:

• CCTV Surveillance: The local government has installed CCTV cameras in strategic locations to monitor activities and deter criminal behavior.
• Barangay Peacekeeping Action Teams (BPATs): These teams are deployed in various neighborhoods to maintain peace and order, fostering a collaborative approach between law enforcement and the community.
• Local Emergency Hotline: Carmona has set up a local emergency hotline (911) to help citizens report incidents immediately.
• Bantay Carmona" Mobile Application: This app lets locals notify the police directly of suspicious activity, enabling prompt action.

Cost of Living in Carmona City

Here's an overview of the cost of living in Carmona City, Philippines:

Housing:

• Rent for a 1-bedroom apartment:
  • City Center: Approximately ₱8,800 per month
• Food:
  • Meal at a restaurant:
    • Inexpensive: ₱100 to ₱300
    • Mid-range (3-course for 2 people): ₱600 to ₱3,000
  • Meal at a fast food: Approximately ₱80 to ₱250
  • Drinks, beverages, liquors: ₱20 to ₱350
• Market:
  • Rice: ₱45 to ₱70 per kg
  • Bread: ₱45 to ₱95
  • Meat: ₱140 to ₱590 per kg
  • Vegetables: ₱90 to ₱160 per kg
  • Fruits: ₱25 to ₱200 per kg

Transportation:

• One-way ticket (local transport): ₱14 to ₱20
• Taxi (1 kilometer): ₱8 to ₱42
• Gasoline (1 liter): ₱60 to ₱120

Education:

• Private Schools:
  • Primary School (annual): ₱12,000 to ₱20,000
  • Secondary School (annual): ₱15,000 to ₱25,000
  • College/University (annual): Tuition fees can vary significantly depending on the program and level of study.

Health (Consultation Fee):

• Private Hospital/Clinics: Approximately ₱700 to ₱1,000 per visit.

Utilities:

• Basic Utilities (electricity, water, garbage) for an 85m² apartment: ₱2,500 - ₱15,000.
• Mobile Data (10GB+): ₱1,000 - ₱2,499 per month.
• Internet (60 Mbps or more): ₱1,300 - ₱2,200 per month.

Internet Service Providers

In Carmona, Cavite, several internet service providers (ISPs) offer a range of plans with varying speeds and monthly costs. Here are some options to consider:

• PLDT Home Fiber: Starts at ₱899 for 35 Mbps
• Globe at Home: Starts at ₱1,599 per 50 Mbps
• Smart Communications: Starts at ₱1,599 per month with 500MB daily data cap
• FiberBlaze: Starts at ₱1,499 or 500 Mbps

Distance and Mode of Transportation from Carmona Cavite to Metro Manila and NAIA

The following is based on rome2rio.com data:

You can check these links for references:

List of Bus Routes

Ferry Schedules and Ferry Services

Jeepney Routes

Note:

• Distances are approximate
• Routes may vary depending on specific destinations within Metro Manila
• Travel times heavily depend on traffic conditions

Local Officials and Offices

Mayor's Office:

• Mayor: Hon. Dahlia A. Loyola
• Contact Number: (046) 430-0817
• Email: mayorsoffice@carmona.gov.ph
• Address: Carmona Municipal Hall, 450 Loyola St., Brgy. 4, Poblacion, Carmona Cavite

Vice Mayor's Office:

• Vice Mayor: Hon. Cesar L. Ines Jr.
• Contact Number: 430-3002
• Email: ovm@carmona.gov.ph
• Address: Carmona Municipal Hall

Office of Municipal Engineer:

• Contact Person: Engr. Dexter A. Eguia
• Contact Number: 430-0824
• Email: eo@carmona.gov.ph
• Address: Carmona Municipal Hall

Local Economic Development and Investment Promotions Office (LEDIPO):

• Contact Person: Dave A. Peñano
• Contact Number: 413-5473
• Email: leipo@carmona.gov.ph

Municipal Urban Development and Housing Office:

• Contact Person: Julio Diaz Jr.
• Contact Number: 412-9271
• Email: mudho@carmona.gov.ph

Website: https://carmonagov.net/

Image credits:

1. https://propertyreport.ph/wp-content/uploads/2024/08/Carmona-1.jpg
2. https://cavite.gov.ph/home/investments/cost-of-doing-business/
3. https://megaworldinternational.com/properties/southwoods-city/
4. https://nwpc.dole.gov.ph/region-iva/
5. CEP2020_CHAPTER03F_PUBLICORDERANDSAFETY.pdf
6. CEP2020_CHAPTER03F_PUBLICORDERANDSAFETY.pdf
7. http://megaworldinternational.com/properties/southwoods-city

Disclaimer: The information provided in this article is for informational purposes only. While we strive to ensure accuracy, economic conditions, prices and rates data, statistics, list of development, contact information, local officials, addresses, and other relevant information are subject to change without notice.