QuestionsQuestions (CID LAW INSTRUCTIONS NO. 37)
The principal condition is that the alien invests at least US$50,000.00 in the Philippines.
He is admitted as a Special Investor Resident for an indefinite period of stay, subject to the provisions or Rule X.
The Commission provides a Special Return Certificate to allow multiple entries into the country without the necessity of obtaining an appropriate re-entry visa.
It is valid for one year and is renewable every year as long as the investment of at least US$50,000 remains intact.
The Commission on Immigration and Deportation shall issue an order terminating the holder’s Special Resident status.
No. The Special Return Certificate allows multiple entries without the necessity of obtaining an appropriate re-entry visa.
They shall admit the holder of the visa as a Special Investor Resident for an indefinite period of stay, subject to existing laws and regulations on the admission of aliens and subject to Rule X.
Rule X deals with termination of stay. Termination occurs if the holder withdraws the investment or reduces it below US$50,000.
Yes. Renewal is permitted every year as long as the investment of at least US$50,000 is intact.
Indefinite stay is granted, but it remains subject to Rule X—meaning the status can be terminated if the investment requirement is no longer met.
The Commission on Immigration and Deportation.
The Department of Tourism.
They further supplement the Revised Implementing Rules and Regulations of Executive Order No. 3.