Yeah, I found that to be a nifty way to bring investors in.
In the Philippines they have an Investment Visa in certain development zone(s) There are 2 different versions both with 75K investment requirements, but one has cheap fees and the other huge fees. The Cheaper one can happen within as little as 5 days. The more expensive fee visa 1-2 months processing time
I can't afford those. If I go with my wife along and our marriage contract. 1 Year visa-free, its a privilege called Balikbayan
A tourist Visa allows you to stay up to 3 years with a need to extend 1-2 months at a time since they did away with the 6 month extension.
13a is if you are married to a Filipino, and can help you with owning a business or working in some sectors. Filipino dies visa expires. Apply abroad you get the full visa at first application, apply in the Philippines they give you one for a year, then you apply for the perm version.
SSRV has several versions, ex military get it cheap and low deposit, non military has bigger fee to apply and annual fee, and a much larger deposit. No need to be married to a Filipino. The deposit can be used as part of a condo purchase or left in a very low interest account that they assign you. Can have the deposit back if you relinquish the visa. Can work or have a business same as the 13a.
Philippines has one of the best set of Visas in the world. The Balikbayan is resettable by leaving when the year is about up then returning.
They aren't exactly the same as far as what you invest in....
Here's a breakdown of their requirements:
Special Investor's Resident Visa (SIRV)
The SIRV is a non-immigrant visa that allows a foreign national to reside indefinitely in the Philippines, provided they maintain a qualifying investment. It is issued by the Bureau of Immigration (BI) upon endorsement by the Board of Investments (BOI).
Eligibility Requirements:
Age: Must be at least 21 years old.
Clean Record: Must not have been convicted of a crime involving moral turpitude.
Health: Must not be afflicted with any dangerous or contagious disease.
No Institutionalization: Must not have been institutionalized for a mental disorder.
Investment Capital: Must be willing and able to invest at least US$75,000.
Eligible Forms of Investment:
Publicly-listed companies on the Philippine Stock Exchange.
Companies engaged in areas listed in the Investment Priorities Plan (IPP) of the Board of Investments. These are priority areas of economic activities that the government promotes for investment.
Companies engaged in the manufacturing and services sectors.
Ineligible Forms of Investment:
Ownership of stocks in corporations engaged in wholesale trading.
Investments in condominium units or partnerships.
Application Requirements (General):
Application Form: Duly accomplished SIRV application form.
Passport: Valid for at least six (6) months beyond the intended stay. Certified true copies usually required.
Photographs: Recent passport-sized photographs.
Deed of Undertaking: (For Principal applicant only) signed and notarized.
Personal History Statement: Accomplished form (for principal and dependents 14 years old and above).
Police Clearance: Issued abroad with Apostille Certification from the country of legal residence, not older than six (6) months.
Medical Certificate: With Apostille Certification, valid for six (6) months from the date of filing.
Birth Certificate: With Apostille Certification.
Marriage Contract: (If applicable) with Apostille Certification.
Certificate of Inward Remittance: From the correspondent banks of the accredited depository banks (Land Bank of the Philippines or Development Bank of the Philippines) showing the US$75,000 remittance.
Certificate of Peso Time Deposit: This will be forwarded by the Land Bank of the Philippines (LBP) or Development Bank of the Philippines (DBP) to the One-Stop SIRV Center in the Board of Investments.
Payment of Fees: Filing fee (around US$500), notarization fees, and courier service costs.
Application Process (General):
File Application: Submit the application and requirements to the Philippine Consulate General in the applicant's country of residence or directly to the Board of Investments (BOI) in the Philippines.
Document Review: The Consulate General or BOI will review the completeness of the documents.
Endorsement: If complete, the Consulate General will endorse the application to the One-Stop SIRV Center-BOI for evaluation.
Probationary Visa: Upon approval, the BOI will endorse to the Department of Foreign Affairs (DFA) for the issuance of a probationary multiple-entry visa valid for six (6) months.
Investment and Conversion: Within the six-month probationary period, the applicant must make the US$75,000 investment in an eligible enterprise and present proof to the BOI to convert the probationary SIRV to an indefinite SIRV.
Dependents: The applicant's spouse and unmarried children under 21 years old can also be included in the SIRV application.
Freeport Area of Bataan (FAB) Investor's Visa (FIV)
The FAB Investor's Visa is a residency-by-investment program specifically for investments within the Freeport Area of Bataan (FAB), a special economic zone. This visa aims to provide a streamlined pathway to long-term residency.
Eligibility Requirements:
Good Legal Standing: Applicants must be in good legal standing and eligible to reside in the Philippines.
Minimum Investment: A minimum investment of US $75,000 in a government-approved project operating within FAB is required.
Clean Criminal Record: Applicants must have a clean criminal record.
Valid Passport and CV: Submission of a valid passport and Curriculum Vitae (CV).
No Net Worth Requirement: Unlike some other investment visas, there is no specific net worth requirement beyond the investment capital.
Benefits of the FIV:
Fast-track Processing: Applications can be processed relatively quickly, potentially within 5 business days when bundled with the investment.
Long-term Residency: The visa remains valid as long as the investment is maintained.
Refundable Investment: The investment is potentially fully refundable after 5 years.
Rights: The right to live, study, and start a business in the Philippines.
Access: Access to medical services and public education.
Family Inclusion: Spouse and unmarried children under 21 years old can be included in the application.
Application Process (General):
Consultation: Initial consultation to understand the program details and assess pre-qualification.
Application: Complete the formal application and submit relevant paperwork.
Visit Philippines: Once pre-approved, a 5-day organized trip to the Philippines for final onboarding procedures is required. This includes biometrics and receiving the resident package.
Investment: Make the required investment in a FAB-approved project.
Important Considerations for FIV:
Specific Investment: The investment must be in a government-approved project within the Freeport Area of Bataan.
No Guarantee of Citizenship: While it provides long-term residency, the FIV does not automatically lead to Philippine citizenship, which is a separate legal process with its own requirements.
It's important to note that visa regulations and requirements can change, so it is always advisable to consult directly with the Philippine Bureau of Immigration (BI), the Board of Investments (BOI), or the Freeport Area of Bataan (FAB) for the most up-to-date and specific information based on your individual circumstances. You may also consider seeking assistance from registered agents or legal professionals specializing in Philippine investment visas.
Trump's new 5 Million Dollar fee Visa, drawing swarms.
Gold card. Yes.
Yeah, I found that to be a nifty way to bring investors in.
In the Philippines they have an Investment Visa in certain development zone(s) There are 2 different versions both with 75K investment requirements, but one has cheap fees and the other huge fees. The Cheaper one can happen within as little as 5 days. The more expensive fee visa 1-2 months processing time
Cheaper one is faster? How strange.
I can't afford those. If I go with my wife along and our marriage contract. 1 Year visa-free, its a privilege called Balikbayan
A tourist Visa allows you to stay up to 3 years with a need to extend 1-2 months at a time since they did away with the 6 month extension.
13a is if you are married to a Filipino, and can help you with owning a business or working in some sectors. Filipino dies visa expires. Apply abroad you get the full visa at first application, apply in the Philippines they give you one for a year, then you apply for the perm version.
SSRV has several versions, ex military get it cheap and low deposit, non military has bigger fee to apply and annual fee, and a much larger deposit. No need to be married to a Filipino. The deposit can be used as part of a condo purchase or left in a very low interest account that they assign you. Can have the deposit back if you relinquish the visa. Can work or have a business same as the 13a.
Philippines has one of the best set of Visas in the world. The Balikbayan is resettable by leaving when the year is about up then returning.
They aren't exactly the same as far as what you invest in....
Here's a breakdown of their requirements:
Eligibility Requirements:
Age: Must be at least 21 years old. Clean Record: Must not have been convicted of a crime involving moral turpitude. Health: Must not be afflicted with any dangerous or contagious disease. No Institutionalization: Must not have been institutionalized for a mental disorder. Investment Capital: Must be willing and able to invest at least US$75,000. Eligible Forms of Investment:
Publicly-listed companies on the Philippine Stock Exchange. Companies engaged in areas listed in the Investment Priorities Plan (IPP) of the Board of Investments. These are priority areas of economic activities that the government promotes for investment. Companies engaged in the manufacturing and services sectors. Ineligible Forms of Investment:
Ownership of stocks in corporations engaged in wholesale trading. Investments in condominium units or partnerships. Application Requirements (General):
Application Form: Duly accomplished SIRV application form. Passport: Valid for at least six (6) months beyond the intended stay. Certified true copies usually required. Photographs: Recent passport-sized photographs. Deed of Undertaking: (For Principal applicant only) signed and notarized. Personal History Statement: Accomplished form (for principal and dependents 14 years old and above). Police Clearance: Issued abroad with Apostille Certification from the country of legal residence, not older than six (6) months. Medical Certificate: With Apostille Certification, valid for six (6) months from the date of filing. Birth Certificate: With Apostille Certification. Marriage Contract: (If applicable) with Apostille Certification. Certificate of Inward Remittance: From the correspondent banks of the accredited depository banks (Land Bank of the Philippines or Development Bank of the Philippines) showing the US$75,000 remittance. Certificate of Peso Time Deposit: This will be forwarded by the Land Bank of the Philippines (LBP) or Development Bank of the Philippines (DBP) to the One-Stop SIRV Center in the Board of Investments. Payment of Fees: Filing fee (around US$500), notarization fees, and courier service costs. Application Process (General):
File Application: Submit the application and requirements to the Philippine Consulate General in the applicant's country of residence or directly to the Board of Investments (BOI) in the Philippines. Document Review: The Consulate General or BOI will review the completeness of the documents. Endorsement: If complete, the Consulate General will endorse the application to the One-Stop SIRV Center-BOI for evaluation. Probationary Visa: Upon approval, the BOI will endorse to the Department of Foreign Affairs (DFA) for the issuance of a probationary multiple-entry visa valid for six (6) months. Investment and Conversion: Within the six-month probationary period, the applicant must make the US$75,000 investment in an eligible enterprise and present proof to the BOI to convert the probationary SIRV to an indefinite SIRV. Dependents: The applicant's spouse and unmarried children under 21 years old can also be included in the SIRV application.
Eligibility Requirements:
Good Legal Standing: Applicants must be in good legal standing and eligible to reside in the Philippines. Minimum Investment: A minimum investment of US $75,000 in a government-approved project operating within FAB is required. Clean Criminal Record: Applicants must have a clean criminal record. Valid Passport and CV: Submission of a valid passport and Curriculum Vitae (CV). No Net Worth Requirement: Unlike some other investment visas, there is no specific net worth requirement beyond the investment capital. Benefits of the FIV:
Fast-track Processing: Applications can be processed relatively quickly, potentially within 5 business days when bundled with the investment. Long-term Residency: The visa remains valid as long as the investment is maintained. Refundable Investment: The investment is potentially fully refundable after 5 years. Rights: The right to live, study, and start a business in the Philippines. Access: Access to medical services and public education. Family Inclusion: Spouse and unmarried children under 21 years old can be included in the application. Application Process (General):
Consultation: Initial consultation to understand the program details and assess pre-qualification. Application: Complete the formal application and submit relevant paperwork. Visit Philippines: Once pre-approved, a 5-day organized trip to the Philippines for final onboarding procedures is required. This includes biometrics and receiving the resident package. Investment: Make the required investment in a FAB-approved project. Important Considerations for FIV:
Specific Investment: The investment must be in a government-approved project within the Freeport Area of Bataan. No Guarantee of Citizenship: While it provides long-term residency, the FIV does not automatically lead to Philippine citizenship, which is a separate legal process with its own requirements. It's important to note that visa regulations and requirements can change, so it is always advisable to consult directly with the Philippine Bureau of Immigration (BI), the Board of Investments (BOI), or the Freeport Area of Bataan (FAB) for the most up-to-date and specific information based on your individual circumstances. You may also consider seeking assistance from registered agents or legal professionals specializing in Philippine investment visas.