New Philippine visa for long-term investors

21 Nov 2008

Philippine president Gloria Macapagal-Arroyo signed on November 17 Executive Order 758 prescribing guidelines for the Special Visa for Employment Generation.

This grants indefinite visas for foreign businessmen employing 10 or more Filipinos.

The Bureau of Immigration has formed a committee to draft the rules and regulations. Members are now in the process of consulting with other government agencies and various foreign chambers and consulates for their comments and suggestions on the rules that will govern the implementation of the new investment incentive.

Margie T Logarta

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