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The SIRV program requires investors to remit at least US$75,000 into the Philippines and invest subject capital in favorable economic activities pursuant to Book V of the Omnibus Investments Code (Executive Order No. 226, as amended). The applicant can remit his investments through any accredited depository bank in the Philippines, i.e. the Land Bank of the Philippines (LBP) and/or the Development Bank of the Philippines (DBP).
Any foreign national, who is at least twenty-one (21) years of age, is eligible to apply for an SIRV provided he meets the following requirements: (1) he has not been convicted of a crime involving moral injustice; (2) he is not afflicted with any dangerous or contagious disease; (3) he has not been institutionalized for any mental disorder or disability and; (4) he is willing and able to invest the amount of at least US$75,000. The applicant may be joined by his dependents, who can be his/her spouse and/or his unmarried children under 21 years old.
Minimum of 20 working days
The SIRV applicant needs to deposit at least US$75,000.00 into a Peso Time Deposit for a minimum maturity period of 30 days and a maximum maturity period of 180 days with the accredited depository bank, i.e., Development Bank of the Philippines (DBP)
There are three distinct groups of investors who’d benefit the most:
Those who want to reside in the Philippines for an indefinite period of time.
Those who are looking to invest in company stocks.
Those who want to spend as little money as possible in internationalizing their lifestyle.
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