Investor Presentaiton

MADE IN GUAM Investor Incentives Special Hotel Qualifying Certificate In response to the demand and anticipated growth of Guam's tourism industry, the Special Hotel Qualifying Certificate was created under Public Law 32-233 specifically for the development of one thousand six hundred (1,600) new hotel rooms by the year 2020. Beneficiaries are allowed a tax rebate, exemption and abatement in an amount equal to ten percent (10%) of their total construction costs, which can be applied by the developer, at their discretion, to the following taxes: • • Up to 50% Unpledged Business Privilege Tax for twenty (20) years. Up to 75% Income Tax Rebate for twenty (20) years. Up to 100% Real Property Tax Abatement for ten (10) years on property utilized by the beneficiary for activities stated in the QC. Up to 100% of Use Tax Exemption with respect to the property used to construct, furnish and equip the new facility construction or substantial expansion of an existing building. The Special Hotel Qualifying Certificate shall remain in effect until the one of the following conditions are met: . Five (5) years from the laws implementation; 1,600 hotel rooms have been committed to be built; . or A China Visa Waiver or China Visa Parole declaration has been approved for Guam. 5 GEDA DEVEESAMISRITY

View entire presentation