Special Investor's Resident Visa (SIRV)

WHO CAN AVAIL OF THE SIRV?

Foreigners (except those classified as RESTRICTED) who are at least 21 years old, physically healthy and with no derogatory record and willing to invest at least $75,000.00 in an existing or new corporation. The corporation must be publicly listed, or a company involved engaged in the Investment Priority Plan (IPP) projects or engaged in the manufacturing or service sectors. Applicant's spouse and the unmarried children under 21 years of age, may be issued the same visa.

STEP 1: APPLICATION WITH THE FOREIGN SERVICE POST

Bring original valid passport and submit two sets of the following:

• SIRV Application Form with six (6) pieces of 2" × 2" photographs and 6 pieces of 1" × 1" photograph (SIRV Form No. 001A for Principal and SIRV Form No. 001B for spouse or dependents)
• Certified true copy of passport
• Notarized medical certificate valid for six months from date of filing and duly authenticated by the Foreign Service Post
• Police Clearance from home country duly authenticated and valid for six months from date of filing
• Certificate of Inward Remittance from the correspondent banks of these Accredited Depository Banks (Land Bank of the Philippines or Development Bank of the Philippines)
• Certificate of Peso Time Deposit (This will be forwarded by LBP or DBP to the One Stop SIRV Center in BOI within 24 hours of receipt of inward remittance)
• Authenticated Accomplished Personal History Statement Form (from NICA)
• Duly notarized SIRV Deed of Undertaking (SRIV Form SH-001)
• Authenticated Birth Certificate/Family Registry/ Household Registry
• Authenticated Marriage Contract

Fees:
Filing Fee of US $500.00
Notarization/authentication of each document US $ 25.00 per copy
Courier Service -Actual Cost

STEP 2: IF DOCUMENTS ARE COMPLETE, FOREIGN SERVICE POST WILL ISSUE STUB FROM SIRV FORM 001A/1B AND INFORM APPLICANT THAT PAPERS CAN BE PROCESSED WITHIN 20 DAYS PROVIDED APPLICANT PAYS FOR COST OF COURIER SERVICE

STEP 3: THE FOREIGN SERVICE POST (FSP) SENDS APPLICATION TO THE ONE STOP SIRV CENTER, BOI FOR EVALUATION

STEP 4: IF APPLICATION IS APPROVED, THE ONE STOP SIRV CENTER, BOI, ENDORSES AN APPROVAL TO DFA CONSULAR AFFAIRS DIVISION, WHICH, IN TURN, WILL INFORM THE FOREIGN SERVICE POST. UPON RECEIPT OF THE AUTHORITY TO ISSUE VISA, THE PHILPPINE FOREIGN SERVICE POST WILL ISSUE A PROBATIONARY MULTIPLE ENTRY SIRV VALID FOR SIX MONTHS

STEP 5: IF APPLICATION IS DISAPPROVED, THE ONE STOP SIRV CENTER, BOI, INFORMS DFA CONSULAR AFFAIRS DIVISION, WHICH, IN TURN, WILL INFORM THE FOREIGN SERVICE POST. THE FOREIGN SERVICE POST WILL INFORM APPLICANT SO APPLICANT CAN WITHDRAW HIS TIME DEPOSIT WITH LBP OR DBP