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Special Investor's Resident Visa. This is a non-immigrant visa granted to foreign nationals and their dependents who have shareholdings in Philippine corporations engaged in the manufacturing or services sectors, involved in projects listed under the Investment Priority Plan, or are listed on the Philippine Stock Exchange .
The initial visa term varies from three months to five years depending on the U.S. reciprocity schedule with the applicant's country of citizenship. The E-2 visa can be renewed indefinitely and it is possible for the investor to change their legal status to a green card (e.g. EB-1A, EB-2, EB-3 or EB-5).
Investors and their employees already in the United States on another nonimmigrant status (such as B-2 or H-1B) can petition for a change of status to E-2 status by filing form I-129 with USCIS. [ 13 ] However, if they leave the United States after receiving E-2 status approval they will need to apply for an E-2 visa at a U.S. Consulate abroad ...
The Special Assistant to the President for Investment and Economic Affairs (SAPIEA) is the official aide of the President of the Philippines with regards to investment affairs. The holder of the position leads the Office of the Special Assistant to the President for Investment and Economic Affairs (OSAPIEA).
Issuance of special permits in relation to the enforcement of immigration laws (e.g. Special Work Permit (SWP), Provisional Permit to Work (PPW), Special Study Permit (SSP), re-entry permits, clearances, etc.); Extension of stay of temporary visitors and implementation of changes of status as provided by law;
The Philippine Immigration Act of 1940, also known as Commonwealth Act no. 613, is a law establishing the Bureau of Immigration of the Philippines and establishing the visa policy of the Philippines. [1] The law was passed on August 26, 1940 by the National Assembly of the Philippines.
In late November 2022, seven lawmakers in the Philippine House of Representatives, including Martin Romualdez and Sandro Marcos, filed House Bill No. 6398, [b] proposing the creation of a sovereign wealth fund for the Philippines to be known as the Maharlika Wealth Fund (MWF), inspired from South Korea's sovereign wealth fund.
Therefore, the applicant must appoint an agent to complete the application in Italy. [26] The minimum startup funds for this visa is a mere €4,962.36 but vary depending on the planned business, in contrast to the €50,000 investment required for the Italian Startup Visa. Nevertheless, the applicant must prove that there are no barriers to ...