Sunday, March 7, 2021

Special Investor’s Resident Visa


An alien may qualify for a Special Investor’s Resident Visa (SIRV) if he/she is willing and able to invest the amount of at least US$ 75,000.00 in the Philippines.  For purposes of compliance with this particular condition, the applicant should prove that he/she has remitted such amount in acceptable foreign currency to the Philippines, which is to be certified by the President of the concerned banking institution and confirmed by the Governor of the Bangko Sentral ng Pilipinas (Central Bank).

The applicant’s spouse and unmarried children under twenty-one (21) years of age may also be issued the same visa, if accompanying or joining him after his admission into the Philippines as a special investor resident.

The procedures for applying for SIRV is as follows:
a) This visa may be applied for and issued at the Foreign Service Post (Philippine Embassy or Consulate) in the applicant’s country of origin or place of residence or at the Board of Investments (BOI) in Manila. If there is no Foreign Service Post in his country or place of residence, the embassy or consulate nearest thereto shall process and issue the visa;

The Embassy of the Philippines in Singapore is located at 20 Nassim Road, Singapore 258395. For inquiries, you may call +65 6737 3977 or visit http://www.philippine-embassy.org.sg/

b) The Foreign Service Post shall endorse the application together with all the documentary requirements filed with the Post to the Board of Investments, Manila, for evaluation and approval; and
c) After evaluation, the BOI upon approval shall endorse to the Post concerned through the DFA the issuance of a probationary multiple entry visa valid for six (6) months.

The requirements in applying for an SIRV are:
a) Duly accomplished visa application Form (FA Form No. 2);
b) Passport valid for at least six (6) months beyond authorized period of stay in the Philippines and subject;
c) At least two (2) passport-size photographs taken during the last six (6) months, quarter profile showing earlobes;
d) Prior approval from the Department of Foreign Affairs;
e) Personal appearance; and
f) The visa processing fee.

The application form and other related forms may be downloaded from http://boi.gov.ph/ufaqs/special-investors-resident-visa/.