Special Investors Resident Visa Print E-Mail
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Monday, 20 November 2006
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Special Investors Resident Visa
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» What is Special Investors Resident Visa?

 

The Special Investor's Resident Visa (SIRV) is a program of the government in attracting foreign investments into the country. The program requires investors to remit at least US$75,000 into the country and invest subject capital in viable economic activities.

 

» Who may avail of the SIRV?

 

Any alien, except restricted nationals under the Foreign Service Code and who meets the following requirements:

 

1. He had not been convicted of a crime involving moral turpitude;
2. He is not afflicted with any loathsome, dangerous or contagious disease;
3. He has not been institutionalized for mental disorder or disability;
4. He is willing and able to invest the amount of at least US$75,000 in the Philippines.

 

» Who are considered as qualified dependents of SIRV applicants?


The spouse and unmarried children under 21 years of age of the SIRV applicant can be considered as qualified dependents and therefore can also apply for an SIRV.

 

» Where can an SIRV applicant remit his investments?

 

The SIRV applicant can remit his investments through any accredited depository bank of the Philippines, i.e., Land Bank of the Philippines, Development Bank of the Philippines. Should the inward remittance be sent through non-accredited correspondent banks, the total amount of remitted money should be immediately transferred to the accredited banks.

 

» Where can an SIRV applicant secure application forms and other additional requirements on SIRV?


An SIRV applicant can secure application forms and other additional requirements from the following:


a) Any Philippine Foreign Service Post
b) One Stop SIRV Center located at the 2nd Floor of the Board of Investments

 



Last Updated ( Thursday, 19 April 2007 )