|Special Investors Resident Visa|
|Written by Webmaster|
|Monday, 20 November 2006|
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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;
» Who are considered as qualified dependents of SIRV applicants?
» 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?
|Last Updated ( Thursday, 19 April 2007 )|