Special Investors Resident Visa
Formal requirements
Any alien at least twenty-one (21) years of age, with the following qualifications:
He has not been convicted of a crime involving moral turpitude;
He is not afflicted with any loathsome, dangerous or contagious disease;
He has not been institutionalized for any mental disorder or disability;
He is willing and able to invest the amount of at least US$75,000.00 in an eligible form of investment; and
He is holder of a tourist (i.e. 9(a)) visa with at least one (1) month validity.
The following documents are required:
Application form filled up and duly notarized, with recent ID pictures
Accomplished Personal History Statement Form (PHSF) from National Intelligence Coordinating Agency (NICA) (including dependents over 14 years old)
Police Clearance from the applicant’s country or place of residence, competent to give information about the criminal record that applicant may have, duly authenticated by the Philippine Embassy; or Certification of no criminal liability by the INTERPOL Division of the National Bureau of Investigation (NBI)
Medical Certificate (Authenticated by the Bureau of Quarantine of the Philippine Department of Health) valid for 6 months
Certification from the Development Bank of the Philippines (DBP) as to the amount inwardly remitted by the applicant and its conversion to pesos.
Birth Certificate / Family Registry/ Household Registry authenticated by Philippine Embassy/Consulate
Marriage Contract (if applicable) authenticated by Philippine Embassy/Consulate
The requirements for Probationary SIRV also includes:
Passport with updated stay
BOI Processing fee of US$ 300 per person (in PHP equivalent) OR No./Date:
Bureau of Immigration (BI) fee:
- PHP10,110.00 per person (14yrs. old and above)
- PHP 9,360.00 per person (below 14yrs old)
Signed and notarized Deed of Undertaking (for Principal only)
The probationary SIRV applicant shall be given 180 days from date of issuance of to convert the deposit into an investment in an eligible domestic enterprise and to report the investment to the BOI.
It is suggested that the SIRV holder convert his peso time deposits into investments at least (30) days before the expiration of his Probationary SIRV to allow time for the preparation of the documentary requirements for conversion of Probationary to Indefinite SIRV
For application for Probationary SIRV
- BOI – 7 working days
- BI – minimum of 10 working days
For conversion from Probationary to Indefinite SIRV
- BOI – 7 working days
- BI – minimum of 10 working days
It is recommended that the SIRV applicant and his dependents not leave the country until the SIRV is implemented in his passport. Otherwise, the SIRV may be subject to revalidation.
Other investment opportunities
Only investments/shares of stocks in existing, new, or proposed corporations shall be allowed/ accepted as eligible forms of investment:
A. Publicly- listed companies;
B. Companies engaged in areas listed in the Investment Priorities Plan (IPP) of the BOI.;
C. Companies engaged in the manufacturing and services sectors; or
D. Companies whose activities fall in any of the following major sectoral classifications:
a. Business services (BPO, consultancy, etc.);
b. Communication services;
c. Construction and related engineering services;
d. Distribution services;
e. Educational services;
f. Environmental services;
g. Financial services;
h. Health related and social services;
i. Tourism and travel related services;
j. Recreational, cultural and sporting services;
k. Transport services, and
l. Other services not included elsewhere.
E. Government securities.
Investments in condominium units are no longer allowed.
Document link for further information.