SPECIAL VISA
MANILA, JANUARY 24,
2012 (STAR) By Helen Flores - The Bureau of Immigration (BI)
urged yesterday foreign nationals who operate businesses here to employ more
Filipinos and avail of its special visa for employment generation (SVEG), which
gives them the privilege to stay indefinitely in the Philippines.
BI Commissioner Ricardo David Jr. issued the appeal after the bureau recently
resumed the implementation of the SVEG, which grants indefinite stay to
foreigners with investments in business enterprises that employ at least 10
Filipinos.
Holders of the SVEG, also known as job generation visa, enjoy multiple entry
privileges, thus they can enter and leave the country as they wish without the
need to secure reentry or exit permits, David said.
The BI has released the revised implementing rules and regulations for the
SVEG that were approved by Justice Secretary Leila de Lima.
The SVEG was established in 2009 pursuant to Executive Order 758 but the
bureau suspended the program last July pending revision of its rules to make it
more responsive and relevant to the purpose of the law.
BI Associate Commissioner Siegfred Mison said the visa is still subject to
restrictions imposed by the Constitution and existing laws on foreign
investments.
Cris Villalobos, who heads the BI-SVEG one-stop facility, said the new rules
provide for the outright issuance of an indefinite visa to a qualified foreign
applicant, instead of the initial probationary one-year visa provided in the old
rules.
Villalobos said the Department of Labor and Employment (DOLE) shall certify
that the visa applicant employs at least 10 Filipinos whose employment contracts
shall also be submitted.
SVEG applications may be filed either at the bureau's main office or any of
its field offices. A P10,000 application fee, P3,000 motion for reconsideration
fee, P1,000 BI clearance fee, P20 legal research fee, and P1,000 express lane
fee shall be charged to each applicant.
SVEG website: http://www.philippine411.com/LivinginthePhilippines/MoreInformation/Immigration/SVEGBusinessVisa.aspx
Chief News Editor: Sol Jose Vanzi
© Copyright, 2012 by PHILIPPINE HEADLINE NEWS ONLINE
All
rights reserved
PHILIPPINE
HEADLINE NEWS ONLINE [PHNO] WEBSITE
[Non-text portions of this message have been removed]
------------------------------------
-------------------------------------------------------------
Follow us on Twitter: http://twitter.com/phnotweet
This is the PHILIPPINE HEADLINE NEWS ONLINE (PHNO) Mailing List.
To stop receiving our news items, please send a blank e-mail addressed to: phno-unsubscribe@yahoogroups.com
Please visit our homepage at: http://www.newsflash.org/
(c) Copyright 2009. All rights reserved.
-------------------------------------------------------------Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/phno/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/phno/join
(Yahoo! ID required)
<*> To change settings via email:
phno-digest@yahoogroups.com
phno-fullfeatured@yahoogroups.com
<*> To unsubscribe from this group, send an email to:
phno-unsubscribe@yahoogroups.com
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
