SPECIAL INVESTORS RESIDENT VISA

INFORMATION ON THE SPECIAL INVESTORS RESIDENT VISA (SIRV)

The SIRV allows a foreign national with investments in the Philippines, and qualified members of his/her family, to reside in the country.

A. Qualifications:

Any foreign national who possesses the following qualifications may be issued an SIRV:

• He had not been convicted of a crime involving moral turpitude;
• He is not afflicted with any loathsome, dangerous or contagious disease;
• He has not been institutionalized for any mental disease or disability;
• He is willing and able to invest the amount of at least US$ 75, 000.00 in the Philippines.

B. Requirements:

• Two (2) copies of duly accomplished visa application forms with two (2) photographs
• Chinese passport valid for at least six (6) months beyond date of stay in the Philippines
• Certification on the remittance of investment to the Philippines
• Registration of Business Name
• Medical and mental health certificates (including laboratory and X-ray fil result)
• Police clearance
• Notarized Marriage Certificate
• Notarized Birth Certificate/s of child/children
• Other proof/s of investment
• For SIRV dependents ; photocopy of passport of Principal investor bearing issued SIRV
• 3, 000 RMB visa fee for principal applicant and 1,000 RMB visa fee per dependent

C. Procedure:

Applicant should submit all documentary requirements to the Embassy;
Upon receipt of all requirements, Embassy will forward application to appropriate government office in Manila for processing and approval;
Embassy will issue the SIRV upon receipt of approval from Manila;
The spouse and unmarried children under 21 years of age of the applicant may also be issued the same visa, if accompanying or if following to join him after his admission into the Philippines as a special investor resident.

D. Registry of Investment:

The investor shall have one hundred eighty (180) days from the day of remittance to make the investment and to report such investment to the Board of Investments (BOI) and to register with the Central Bank, copy furnished the Bureau of Immigration in the prescribed form. Failure to file the foregoing report within three (3) months from the date the investment was made shall automatically terminate the holders special resident status.

E. Reportorial Requirements

As a holder of the SIRV, an alien shall be entitled to reside in the Philippines while his investment subsists. For this purpose, he should submit an annual report, in the form duly prescribed for the purpose, to prove that he has maintained his investment in the country. Should said alien withdraw his investment from the Philippines, then the SIRV issued to him will automatically expire.