Important Reminders for Foreign Investors
BOI-registered enterprises and firms in the Export Processing Zones are allowed to employ, within five years from registration (extendible for limited periods), foreign nationals in the supervisory, technical or advisory positions and the positions of president, treasurer and general manager or their equivalents may be retained by foreign nationals if the majority of the capital stock if the firm is owned by foreign nationals. All foreign employees may bring with them their spouses and unmarried children under 21 years of age.
Expatriate Visa (Special Investor’s Resident Visa)
An investor may enjoy the benefits of a Special Investor’s Resident Visa which entitles him to reside in the Philippines for an indefinite period of time provided he invests a minimum amount of US$75,000.00.
- He had not been convicted of a crime involving moral turpitude;
- He is not afflicted with any loathsome, dangerous, contagious disease;
- He has not been institutionalized for any metal disorder of disability;
- He is willing and able to invest the amount of at least US$75,000.00