MANILA (March 22) – A Special Visa for Employment Generation (SVEG) to qualified foreigners is in effect, the Bureau of Immigration (BI) has announced. The implementing rules and regulations took effect March 9 pursuant to Executive Order No. 758 that President Gloria Macapagal-Arroyo signed into law on Nov. 17 last year.
Immigration Commissioner Marcelino Libanan said the BI is now accepting petitions for the new visa which provides indefinite visa to foreign investors and businessmen who employ at least 10 Filipinos.
Libanan said a one-stop shop, to be headed by Cris Villalobos, has been created in the bureau to receive, screen and process all applications for SVEG before these are forwarded to the Board of Commissioners for approval.
According to Villalobos, a qualified SVEG applicant shall initially be issued a one-year probationary visa before an indefinite visa was issued. The applicant shall pay an application fee of P3,520 and P6,000 upon implementation of the visa and shall also be required to secure an I-Card.
According to the rules, the visa shall be issued to a foreigner with controlling interest in a company or entity engaged in a business activity enterprise or industry that employs a minimum of 10 full-time and regular Filipino workers on a long-term basis as a manager, executive, professional, technical, skilled or unskilled positions.