INFORMATION FOR INVESTORS

Ternate, a coastal town in Cavite, thrives with its rich history, natural scenery, and proximity to Manila Bay. Surrounded by mountains, woods, and ocean, it remains the favorite destination for tourists and business investors seeking a balance of development and environmental conservation.

Its economy is focused on tourism, agriculture, and small industries. Tourists are attracted to Ternate's lovely beaches, hiking trails, and scuba diving spots, which offer revenue to businesses. Ecotourism thrives as tourists enter the town's protected parks and coastal areas. Agriculture and fishing support many families, with locals growing crops like coconuts, bananas, and root crops while providing fresh seafood to surrounding towns. Small enterprises, such as food processing and handicrafts, add to economic activity.

Infrastructure construction, such as road widening and tunnel links, has enhanced connectivity and encouraged investment. With growing access, prospects for tourism, property, and the green sector continue to emerge. Ternate is still deeply rooted in its natural surroundings but continues to advance steadily toward economic growth and long-term progress.

Why Invest In Ternate, Cavite?

Investing in Cavite's Ternate presents unique opportunities to ride on the growing tourism, strategic coastline, and improving infrastructure. The municipality draws domestic and foreign visitors with its picturesque scenery, incredible biodiversity, and proximity to Metro Manila, stimulating demand for real estate development, ecotourism, and hospitality. Agriculture and fishery are still robust economy movers, while better road networks improve access and logistics. While investment in sustainable industries and business ventures grows, Ternate offers excellent potential for growth with a balance of economic yield and conservation.

Here are the reasons to invest in Ternate, Cavite:

1.Thriving Tourism Industry

Ternate's beautiful coastal and mountainous scenery makes it a top destination for ecotourism, beach resorts, and outdoor activities. The hospitality sector offers investment opportunities, including hotels, motels, and adventure-based tourism services. The increasing number of tourists also sustains industries like restaurants, retail outlets, and tourist transport services.

Many businesses renowned throughout Ternate serve as tourism centers, particularly along Puerto Azul Complex and Caylabne Bay. Beach resorts offer rooms for rent, water sports, and event venues. Mountain hideaways and eco-parks, along with Mount Palay-Palay and the well-known Pico de Loro, are available for climbers and nature lovers seeking scenic views and outdoor activities. Beach resorts and historic sites combine history, culture, and environment to enhance the value of the visitor trip.

Raising tourism awareness is being pursued through forums and discussions highlighting the benefits of Department of Tourism (DOT) accreditation as specified under Republic Act No. 9593, also referred to as the Tourism Act of 2009. Under this act, tourism is hailed as an essential sector of the national economy, and a call has been made to adopt ecologically friendly and culture-sensitive tourism endeavors. These projects teach government officials, entrepreneurs, and business owners ideas to help the Cavite tourist sector grow sustainably and benefit overall development.

2. Strategic Location and Enhanced Accessibility

As a tourist destination and an investor's target, Ternate in Cavite offers a strategic location with even more advantages. Situated approximately 45 to 50 kilometers southwest of Manila, Ternate is accessible to major regional urban centers.

The town's connectivity has significantly improved through key transportation infrastructures:

• Governor's Drive (Juanito R. Remulla Sr. Road): This major highway traverses central Cavite, linking Ternate to cities such as Dasmariñas, General Trias, and Trece Martires. It facilitates efficient travel and commerce within the province.
• Ternate-Nasugbu Road: This road connects Ternate in Cavite to Nasugbu in Batangas. It runs the longest road tunnel in the Philippines, the Kaybiang Tunnel. These developments have made Ternate more accessible and attractive for tourism, real estate, and other businesses.

3. Expanding Real Estate and Housing Development

The increasing tourist and business travel has fueled demands for residential and holiday homes.

Existing and upcoming real estate developments highlight the town's potential. Poblacion 1A is home to the Ternate Residential Estate, which offers a tranquil suburban lifestyle, blending nature and modern amenities ideal for families and retirees. On the other hand, Caza Del Mar at Puerto Azul has luxury villas in green forests, oceanfront views, and a world-class golf course, which suits high-end investors and vacation homeowners. Ocean Villas, which provide townhouse-style accommodations and combine condominium amenities with the spaciousness of traditional homes, also exist in abundance in Puerto Azul. The projects illustrate Ternate's status as a beach resort and attract tourists and residents.

Investors in residential estates, vacation homes, and office structures mean that Ternate's real estate market is still being formed. Long-term property investments would be best in the town because of its natural beauty, easy accessibility, and economic possibilities.

4. Strong Agriculture and Fisheries Sector

Ternate's fertile land and rich coastal waters encourage farming and fishing, making agribusiness an attractive business opportunity.

The Ternate Piggery Farm in Barangay San Jose is among the top examples of the town's flourishing livestock industry. Nelly's DCG Farm at Sitio Cacabay, Barangay Sapang 2, also features goats, poultry, and ducks, augmenting the municipality's agricultural diversity. These farms reflect the town's emphasis on cow farming, giving possible investors chances in animal husbandry and linked agribusiness projects.

Local fishermen practice aquaculture and fishing, creating livelihoods and supplying fresh seafood for surrounding markets. The Cavite Provincial Fisheries Office increases sector productivity and sustainability by working to guarantee sustainable fishing methods and aquaculture growth. Investors can explore fish farming, seafood processing, and distribution systems with the rich marine biodiversity and existing fishing communities.

Ternate's fisheries and agriculture industries make a rich foundation for agribusiness development. Some possible investments are integrated farming complexes, organic farms, livestock improvement programs, aquaculture production, and agritourism activities. The existing operational farms and the town's strategic coastal location form a good foundation for successful and sustainable businesses.

5. Government Support for Sustainable Development

The Cavite Provincial Government guarantees appropriate resource use and environmental conservation through the Integrated Coastal Management program, promoting sustainable coastal development. This program improves the possibility of investors interested in green initiatives.

Incentives for green enterprises, renewable energy projects, and ecotourism encourage a good investment climate. Businesses seeking to be involved in green projects can explore promising opportunities in Ternate's development plan.

Ternate is an ideal location for creative investors as it provides various investment opportunities in tourism, property, agriculture, and infrastructure with its natural scenery, good location, and new enterprises.

How to Establish a Business in Ternate, Cavite

To set up a business in Ternate, Cavite, several necessary steps must be followed to abide by local and national regulations. Below is an explanatory guide to assist you through the process:

1. Business Structure and Registration

• Determine Your Business Structure: Choose whether your business will be a sole proprietorship, partnership, corporation, or cooperative.
• Register Your Business Name:
  • Sole Proprietorship: Get a Business Name Registration Certificate from the Department of Trade and Industry (DTI).
  • Partnerships and Corporations: Secure a Registration Certificate from the Securities and Exchange Commission (SEC).
  • Cooperatives: Register with the Cooperative Development Authority (CDA).

2. Local Permits and Licenses

• Barangay Business Clearance: Secure this clearance from the barangay where your business will be located.
• Occupancy Permit: Ensure that your business premises have an Occupancy Permit, which signifies compliance with building codes and safety standards.
• Mayor's Permit (Business Permit): File at the Rosario Business Permit and Licensing Office (BPLO). Requirements usually are:
• DTI, SEC, or CDA registration
• Barangay Business Clearance
• Occupancy Permit
• Lease agreement or title to property
• Notarized Sworn Declaration of Capitalization (for sole proprietorships)
• Articles of Incorporation (for corporations)

3. Tax Registration

• Bureau of Internal Revenue (BIR): Register your business to get a Tax Identification Number (TIN) and acquire the right to print official receipts and invoices.

4. Social Security and Health Insurance

• Social Security System (SSS): Register your business and employees for social security benefits.
• PhilHealth and Pag-IBIG Fund: Register your business and employees under these compulsory health insurance and housing development programs.

5. Additional Considerations

• Environmental Compliance: Based on the nature of your business, you can require an Environmental Compliance Certificate (ECC) or a Certificate of Non-Coverage (CNC).
• Negosyo Center Assistance: The Negosyo Center at Rosario provides business name registration assistance, advisory services, and dissemination of business information. Their Facebook page has more information.

Successfully set up your business in Ternate, Cavite, by following these steps and fulfilling all the requirements.

Cost of Doing Business in Ternate, Cavite

The following are the estimated costs of doing business in Rosario, Cavite, and are subject to change:

Geographic and Demographic Information

The following are from Philatlas data.

Land Area:

The municipality's land area is 59.93 square kilometers or 23.14 square miles, which accounts for 3.93% of Cavite's total area. Itis composed of 10 barangays.

Geographic Location:

The municipal center of Ternate is located at about 14° 17' North, 120° 43' East, on the island of Luzon. The elevation at these coordinates is approximately 13.7 meters or 44.8 feet above mean sea level.

Population:

The population, as counted by the 2020 Census, was 24,653. This number accounts for 0.57% of Cavite province's total population or 0.15% of CALABARZON's population. These statistics calculate the population density at 411 people per square kilometer or 1,065 people per square mile.

• Population by age group: According to the 2015 Census, the 10 to 14 age group has the most people in Ternate, with 2,432. On the other hand, the 75 to 79 age group has the fewest people, with 165.

Economy:

The annual regular income of Ternate for the fiscal year 2016 was ₱65,613,505.47.

Languages/Dialects:

Aside from Tagalog, the inhabitants continue to speak one of several Spanish-based creole languages in the country, which is called Chabacano (Ternateño Chavacano) as a whole; the native population calls the dialect Bahra.

Religious Sectors:

The majority of Ternateños are Catholic, and they are predominantly a member of the Catholic Church; however, they also have their Christian denomination such as Members Church of God International, Philippine Independent Church (Aglipayan Church), Iglesia ni Cristo, United Church of Christ in the Philippines, Jehovah's Witnesses, The Church of Jesus Christ of Latter-day Saints, Assemblies of God, and the Church of Alpha Omega Christian Ministries Inc. Also, some people practice Islam, mostly adhering to the Sunni branch, which is dominant in the nation.

Labor Force Statistics in Cavite Province

• Labor Force Population: 11.7 million estimated population 15 years old and over.
• Employment Rate: The employment rate is 94.2%, the highest among CALABARZON's five provinces.
• Unemployment Rate: The unemployment rate in Cavite is relatively low, nearly a quarter of 24%.
• Labor Force Participation Rate (LFPR): The LFPR in Cavite is approximately 64.5%, meaning that about 65 out of every 100 people aged 15 years and over are either employed or actively seeking employment.

Minimum Wage Rate in Ternate, Cavite

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

Crime Statistics in Ternate, Cavite

According to the Department of Labor and Employment (DOLE), the Ternate Annual Crime Rate (AMCR) was 37.54% in 2016. It then dropped to 24.00% in 2020, indicating the success of town security initiatives.

The consistent drop suggests that local governments have efficient crime-preventing policies. More police visibility and patrols guaranteed businesses and people in safe surroundings. Through neighborhood watch programs and sensitivity campaigns, community interaction with law enforcement helped to prevent crime. Improving police response times and crime reporting systems also reduced criminal activity. In addition, livelihood and youth engagement program investment offered alternative livelihoods for crime-prone subjects, contributing to reducing crime rates. These efforts have collectively contributed to Ternate becoming a safer community for citizens and investors.

Cost of Living in Ternate, Cavite

Living in Cavite Province can be affordable compared to other parts of the Philippines. According to the latest data in Numbeo Cost of Living, here's a detailed overview of the average cost of living in Cavite.

Housing:

• Rent for 1-bedroom apartment: ₱8,000/month

Food:

• Meal at a restaurant: ₱150 to ₱300 (Inexpensive), ₱600 to ₱3,000 (Expensive)
• Meal at a fast food: ₱100 to ₱200
• Drinks, beverages, liquors: ₱15 to ₱300

Market:

• Rice: ₱45 to ₱70/klo
• Bread: ₱45 to ₱95
• Meat: ₱140 to ₱350/klo
• Vegetables: ₱50 to ₱200/klo
• Fruits: ₱40 to ₱150

Transportation:

• One-way ticket (local transport): ₱15
• Taxi fare 1 mile (normal tariff): ₱12.87 to ₱67.59
• Gasoline 1 gallon: ₱60 to ₱120

Education:

• College/University School (private): ₱15,000 to ₱50,000
• Secondary School (private): ₱10,000 to ₱50,000
• Primary School (private): ₱2,000 to ₱35,000

Health (Consultation Fee):

• Private Hospital/Clinics: ₱500 to ₱1,000

Utilities:

• Utilities (electricity, water, heating, cooling, garbage): ₱2500 to ₱ 15,000 per month
• Mobile Data (10GB+ data): ₱1,000 to ₱ 2,499
• Internet (60 Mbps or more): ₱1,300 to ₱2,200

Internet Service Providers:

• Converge ICT (200Mbps - 400Mbps): ₱1,500 - ₱2,000
• Globe Telecom (200Mbps - 300Mbps): ₱1,699 - ₱2,099
• SKY Fiber (30Mbps - 75Mbps): ₱999 - ₱,1299
• Red Fiber (50Mbps): ₱999

Major Banks and Financial Institutions:

• Our Bank
• Barangay Bucana Producers Coop

Major Hospitals and Medical Facilities:

• Ternate Diagnostic Laboratory Center
• Ternate Rural Health Unit

Major Educational Establishments:

• Cavite West Point College
• The Basic School
• Ternate West National High School
• Ternate Integrated National High School
• Ternate Central Elementary School

Distance and Mode of Transportation from Ternate, 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
• Ferry service availability should be verified

Ternate Cavite Local Officials and Contact Information:

• Mayor: Lamberto D. Bambao
• Vice Mayor: Salvador C. Gubio Jr.
• Contact Number: (046)443-2329
• Facebook Page: https://www.facebook.com/Ternate.Kabite/

Ternate Negosyo Center Cavite:

• Email: Ternate.LGU@negosyocenter.gov.ph
• Facebook Page: https://www.facebook.com/NegosyoCenter.TernateLGU/

Municipal Planning and Development Coordinator:

• Engr. Luis L. Ferma
• Contact Number: (046)412-0165
• E-mail: jhunferma@yahoo.com / panganibanjiann1805@gmail.com

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.