Philippine Special Investment Visa-SIRV

sirv, full name is Special Investor's Resident Visa, that is, special investment resident visa. As can be seen from the name, it is a visa that can only be obtained through investment. SIRV is the Philippine Investment Agency (BOI) and the visa issuing agency is the Philippine Immigration Bureau (BI). Except for the inability to enter politics, the right to vote and be elected, and the inability to hold land in one's own name, almost everything else can be done by this status.

As long as the investment money has been in, the identity has been in, long-term valid. Yes, unlimited number of entry and exit, enjoy the right of permanent residence. In other words, SRRV has all the rights and interests, and SIRV has more coverage.

In addition, spouses and children can be brought with them after approval, but the status of children will be invalid after they are over 21 years old and need to be handled separately. It looks similar to SRRV, with a lower age threshold than SRRV. However, the actual number of SIRV approvals per year is only a few hundred, mainly due to the cumbersome application process, long cycle, uncontrollable investment risk and other reasons.

The SIRV application process is cumbersome because the applicant needs to log in to the Philippines twice: the first time to log in to submit an application to the Philippine Investment Agency, open an account, complete a 7.5w US dollar deposit, and then complete the investment operation. Considering the complexity of the operation, most investors will choose the simple method of buying stocks. After completing the investment, the second landing in the Philippines will be submitted to the Investment Agency for the second time, and the visa can only be obtained after approval.

In the process of follow-up maintenance, the investment amount of US $75000 must be maintained. Every year, the investment situation must be reported to the Philippine Investment Agency in the Philippines, and the full investment of US $75000 must be maintained according to the investment situation. If there is any loss, it needs to be made up. Although the withdrawal of SIRV can also return the investment, but the cycle is longer, the investment is not as good as the SRRV deposit preservation, the risk is too high, so the annual submission of applications is not many.

SIRV Application Conditions

1. All foreign citizens over the age of 21 may bring their spouses and unmarried children under the age of 21.

2. All deposits can be used for investment, and the investment projects need to be more than 75000 US dollars.

3. You need to report to the Investment Immigration Department every year and provide proof that the assets are not less than US $75000.

SIRV is too cumbersome for regular applicants, and the investment risk of investment funds is greater. It is more suitable for those applicants who consider investing and setting up companies in the Philippines and maintain long-term stickiness in the Philippines. SIRV status can also gain certain advantages when investing and setting up factories in the Philippines. In addition, because the Philippine Investment Immigration Department has a hard and fast rule that US $75,000 must be remitted from overseas banks (30 working days in advance), the current normal annual foreign exchange quota for mainland residents is US $50,000. The issue of foreign exchange limits also needs to be taken into account. This green card is suitable for small partners with sufficient funds and certain investment experience.