Questions and Answers on Philippine Special Investment Visa (SIRV)

1. What are the advantages of SIRV?

• 1. Right to reside in the Philippines indefinitely

• 2. The holder may reside in the Philippines during the life of the investment.

• 3. Exemption from immigration inspection and re-entry requirements, alien registration certificate.

2. Who is regarded as a qualified family member of the SIRV applicant?

sirv applicants whose spouses and unmarried children under the age of 21 are considered eligible dependants may apply for SIRV.

3. Whether the applicant's children enjoy the qualification of overseas Chinese students

It is possible to become an overseas Chinese.

What should I do if my children are 21 years old?

Children over the age of 21 are no longer considered effective dependants of SIRV holders. If your child needs to continue to live in the Philippines, he should apply for an independent visa (e. g. study visa, work visa or his own SIRV, etc.).

5. When a time deposit is converted into an investment, can the applicant withdraw the amount of the time deposit directly?

No. An authorized authorized bank shall issue a cheque only to the designated company or stockbroking firm to which the investment will be made.

6. Does the SIRV holder have to actually reside in the Philippines for a period of time to maintain an indefinite status?

There are no restrictions. However, SIRV holders must submit an annual report to the BOI either in person or through an authorized representative. As long as the investment persists, it has the privilege of indefinite residence and is given an updated SIRV card when the annual report is submitted.