To alleviate poverty in the Philippines, the government issued an Executive Order No. 758 prescribing guidelines for the issuance of a special visa to non-immigrant in order to attract more foreign investors and create more job opportunities for Filipinos.
Special Visa for Employment Generation (SVEG) is a special visa issued to
a qualified non-immigrant foreigner who shall actually employ at least ten (10) Filipinos in a lawful and sustainable enterprise, trade or industry. Qualified foreigners who are granted the SVEG shall be considered special non-immigrants with multiple entry privileges, thus they can enter and leave the country as they wish without need to secure reentry or exit permits.
SVEG privileges may extend to the qualified foreigner’s spouse and dependent unmarried child/children below eighteen (18) years of age whether legitimate, illegitimate or adopted.
Requirements for SVEG:
- The foreign national shall actually, directly or exclusively engage in a viable and sustainable commercial investment/enterprise in the Philippines, exercises/performs management acts or has the authority to hire, promote and dismiss employees;
- He evinces a genuine intention to indefinitely remain in the Philippines;
- He is not a risk to national security of the Philippines;
- The foreigner’s commercial investment or enterprise must provide actual employment to at least 10 Filipinos in accordance with Philippine labor laws and other applicable special laws.
The above-mentioned requirements must be continually satisfied by the foreigner for him/her to continue to be a holder of the SVEG in the Philippines.
Application of SVEG is required to be filed before the office of the Commissioner of Bureau of Immigration. After approval, an Alien Certificate of Registration (ACR) I-card shall be issued to the applicant upon payment of appropriate fees.
The Department of Labor and Employment (DOLE) shall certify that the visa applicant employs at least ten (10) Filipinos whose employment contracts shall also be submitted.