Amendments to Special Visa for Employment Generation Rules

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BOI MEMORANDUM CIRCULAR NO. MCL-09-001-A: Amendments to Special Visa for Employment Generation Rules

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Title Source: Supreme Court: Amendments to Special Visa for Employment Generation Rules

Law: Boi Memorandum Circular No. Mcl-09-001-a

Decision Date: Mar 30, 2009

The amended guidelines for the Special Visa for Employment Generation (SVEG) facilitate the issuance of visas to foreigners investing in businesses that employ at least ten full-time Filipino workers, while also streamlining registration and documentation processes for visa holders.

Law Summary

Registration and Documentation Procedures

Upon approval, the foreigner must report to the Bureau of Immigration (BI) without needing to leave the Philippines.
An Alien Certificate of Registration (ACR) I-Card and Identification Certificate are issued upon payment of fees.
Documents indicate adjusted status as Special Non-Immigrant with multiple entry privileges and conditional stay under EO 758, related laws, and BI control number.

Exemptions and Obligations for SVEG Holders

SVEG holders are exempt from securing Special Return Certificates and Exit Clearance Certificates.
This exemption applies provided the holder is not listed in the BI Blacklist, Watchlist, or Hold Departure List.
Holders must pay annual report fees every first 60 days of the year per Alien Registration Act of 1950.

Effectivity and Administrative Procedures

The circular becomes effective immediately upon publication in a newspaper of general circulation.
Copies of the circular must be filed with the Office of the National Administrative Register (ONAR) at the UP Law Center.
Adoption and approval are dated March 30, 2009, signed by the Commissioner Marcelino C. Libanan and Secretary Raul M. Gonzalez.

END