The Philippines offers residency by investment through The Special Investor Resident Visa (SIRV). The Special Investor Resident Visa (SIRV) entitles the holder to reside in the Philippines for an indefinite period as long as the required qualifications and investments are maintained. The SIRV is issued by the Bureau of Immigration (BI) upon endorsement of the Board of Investments.
The Special Investor Resident Visa (SIRV)
The SIRV program requires investors to remit at least US$ 75,000 into the Philippines and invest subject capital in favorable economic activities under Book V of the Omnibus Investment Code (Executive Order No. 226, as amended). The applicant can remit his investments through any accredited depository bank in the Philippines, the Land Bank of the Philippines (LBP), and/or the Development Bank of the Philippines (DBP).
Any foreign national is eligible to apply for a SIRV provided he meets the following requirements:
Additionally, the principal visa applicant’s spouse and unmarried children under 21 can obtain a SIR visa.
For purpose of securing a SIRV, only investments/shares of stocks in existing, new, or proposed corporations shall be allowed/accepted as eligible forms of investment:
There are three distinct groups of investors that will benefit the most:
The Special Resident Retiree’s Visa (SRRV)
The Special Resident Retiree’s Visa category is aimed at active and healthy retirees. It requires you to maintain a fixed US$20,000 deposit in an approved retirement account. This money must stay untouched for the totality of your stay in the Philippines, though it can be withdrawn after you leave. Repatriation of the deposit including invested profits, capital gains, and dividends accrued from investments are guaranteed, upon compliance with Central Bank of the Philippines rules and regulations. Deposits may be converted to Philippine pesos (PHP) after 30 days of visa issuance. Deposits should be made at one of the following financial institutions:
The visa bank deposit is for the principal retiree and 2 dependents (spouse and unmarried children below 21 years old). An additional deposit of US$15,000 is required for each additional dependent over two.
To be eligible for Philippine naturalization:
Additional requirements may apply.
SIRV visa applicants will need to submit three (3) sets of the following documents:
Step 1: Confirming your Eligibility for the Philippines Investor Visa
Unlike some of the Philippines’ other visa programs, the government has opened the SIRV program to foreign nationals who can meet the visa requirements.
Step 2: Understand The Investment Requirements and Choose an Investment – The SIRV program requires you to use a $75,000 deposit for the purchase of shares, ownership, equity, or stocks in a proposed, start-up, or existing business. However, to be eligible, the $75,000 must be invested in one of the following:
Step 3: Submit your SIRV Visa Application
You will need to submit your complete SIRV application and all the documentation listed in the Philippines Investor Visa Requirements section above.
You can submit your SIRV application at:
Step 4: Investing your Peso Time Deposit into a Business
Step 5: Converting to A Permanent SIRV Before your Temporary SIRV Expires – Your Probationary SIRV is only valid for six months. You now have 180 days to make an investment decision. The Philippine Investor Visa Program keeps the bureaucracy to a minimum (well, minimum for a government program) to entice foreign investors. The BOI’s One-Stop SIRV Center is a valuable resource. The Center responds quickly if you have questions about the SIRV application process. However, the BOI can’t give you investment advice.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you incorporate your company in the Philippines, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Dual citizenship is not recognized in the Philippines. To become a citizen of the Philippines, you must renounce your previous nationality.
Children below 18 years of age may be included as dependents on your application.
Actual physical presence is not required every day of the 5 or 10-year period. Not every absence is fatal to a continuous residence. Even six months has been accepted as an absence of a short duration.
Yes, a personal visit is required.
No nationality is officially restricted.
No interview is required.
No language skills are required.
If you have lived legally in the Philippines for at least 10 years. This rule only applies if you are at least 21 years old at the time of the application. The naturalization law only applies to people who don’t have jus sanguine right to citizenship.
Tax residents are subject to personal income tax on their worldwide income. Tax-residents personal income is taxed at a progressive rate up to 32% on income exceeding PHP500,000.
Non-resident citizens are taxed only on their income from the Philippine’s sources. Non-residents are subject to a flat rate of 25% on their income accrued in the Philippines.
There are no taxes on net wealth/worth.