PIA Press Release
Wednesday, January 25, 2012
Immigration bureau resumes implementation of special visa for employment generationby Susan G. de Leon
MANILA, Jan 25 (PIA) -- The Bureau of Immigration (BI) has resumed the implementation of the special visa for employment generation (SVEG) which would grant indefinite stay privilege to foreigners with investments in business enterprises employing at least 10 Filipinos each.
The BI announced the resumption of the scheme after it released the revised implementing rules and regulations for the SVEG that were approved by Justice Secretary Leila de Lima.
The SVEG was first introduced in 2009 pursuant to Executive Order No. 758 but the bureau suspended the program last July pending revision of its rules to make it more responsive and relevant to the purpose of the law.
Immigration Commissioner Ricardo David Jr. said in a news release, holders of the SVEG, also known as the job generation visa, enjoy multiple entry privileges, thus they can enter and leave the country as they wish without the need to secure reentry or exit permits.
David said that the BI has been encouraging foreign businessmen to avail of the visa as it would generate employment opportunities for Filipinos.
The visa is still subject to restrictions imposed by the Constitution and existing laws on foreign investments.
Under the new rules, household service workers are no longer to be counted in the 10 employees a foreigner has to hire in order to avail of an SVEG.
The BI also scrapped the old rule providing for the grant of a one-year probationary SVEG while the employer complies with the requirements.
Failure to comply with the requirement of hiring at least 10 Filipino workers remains a ground for the revocation of the SVEG. Under the old rule, the holder is given a year to comply with this requirement; the new rule shortened the period to just 30 days.
The new rules also lengthened the time for the annual reporting of SVEG holders from one month to two months.
The commissioner was also authorized to conduct periodic inspections to ensure compliance, to promulgate additional rules, and to create an oversight committee to monitor implementation of the rules.
SVEG applications may be filed at the BI main office or any of its field offices in the country. (BI/RJB/SDL/PIA-NCR)