Business and Investment Code of the City of Lapu-lapu, Cebu, Philippines

April 13, 2016Excerpt from the Minutes of the 127th Regular Session of the 13th Sangguniang Panlungsod of the City of Lapu-Lapu Held at the Session Hall on April 13, 2016.LAPU-LAPU CITY RESOLUTION NO. 13-2613-2016After due deliberation, the Sangguniang Panlungsod of the City of Lapu-Lapu, on motion of Hon. Florito T. Pozon and adopted in mass motion,RESOLVED, to enact, as it is hereby ENACTED the following:LAPU-LAPU CITY ORDINANCE NO. 13-209-2016BUSINESS AND INVESTMENT CODE OF THE CITY OF LAPU-LAPUPRELIMINARY MATTERSSECTION 1. Title. — This code shall be known as the Business and Investment Code of the City of Lapu-lapu, Cebu, Philippines.SECTION 2. Effectivity. — This code shall take effect on January 1, 2016.SECTION 3. Scope. — This code covers all rules and regulations of business hitherto applied and used in this city and those incentives which are designed to entice investments to be poured into this city.SECTION 4. Liberal Interpretation. — All provisions of this code shall be construed and interpreted liberally in order to achieve the announced policies. Whenever any part hereof is capable of being...