To ensure fulfilment of the commitments (investment capital, Start of Commercial Operations) by the registrant, the AFAB requires new applicants to post a performance bond (PB).
Upon completion of all the committed improvements and development works, the PB shall be cancelled and returned to the registrant. Otherwise, the PB shall be forfeited in favor of the Authority.
| Application Fee | PHP 3,600.00 |
| Registration Fee | PHP 6,000.00 |
| Amount of Committed Investment | Type of Bond | |
| Up to ₱50,000,000.00 | Cash Bond | Two per cent (2%) of the initial committed investment |
| Above ₱50,000,000.00 | Cash Bond and Surety Bond | a. First ₱50M - subject to two per cent (2%) cash bond; |
| b. Amount in excess of P50M up to ₱200M - subject to five per cent (5%) surety bond; and | ||
| c. The amount of committed investment in excess of ₱200M need not be covered by bond. | ||
As of September 2024