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Has anyone seen this supposed new visa story .... do you think if I hired 10 maids I might be qualified to stay indefinitely in the Philippines? :lol:

http://newsinfo.inquirer.net/inquirerheadl...o-boost-economy

 

Yup....it's been mentioned for a few months.

BI to launch new investor

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Thanks Steve I was deep in the provinces when you posted that thread and didn't see it and hadn't noticed any comment on the visa.

Edited by Art
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Thanks Steve I was deep in the provinces when you posted that thread and didn't see it and hadn't noticed any comment on the visa.

 

I forgot about it until recently. I had seen the other day a posting somewhere about it again but have been busy enough to forget, then again, I'm easily distracted now with my Asawa here....LOL

 

Anywhere exciting in the provinces?

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Would this apply to call centers, I wonder?

 

 

Foreign investors may be able to avail of the job-generating visa if they "actually employ at least 10 Filipinos in a lawful and sustainable enterprise, trade or industry."

 

Sounds like it according to this statement but who knows once they publish the full details of EO 758.

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I'd say most definitely a call centre would apply.

 

SECTION 2. Who may avail

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MattFromGA

Notice that the investor must always have at least 10 employees or the visa is gone.

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Thanks, guys. Me thinks me will look into this. :)

 

Got me thinking too!

 

 

Notice that the investor must always have at least 10 employees or the visa is gone.

 

 

Family can always fill the gaps :lol:

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Notice that the investor must always have at least 10 employees or the visa is gone.

 

If I opened a call center, I am pretty sure I would have at least ten employees. :lol::)

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twostrokes

Of course it would help if they would now change the laws and allow you to "own" a business without having to give 60% to a Filipino....So it is same story, same song, spend you money, but can't own anything...

no thanks, I'll keep my money in my pocket and play the visa game as is.

Jim

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Thanks, guys. Me thinks me will look into this. :lol:

 

Sorry you are disqualified!

 

c. He is not a risk to national security;
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A_Simple_Man
Of course it would help if they would now change the laws and allow you to "own" a business without having to give 60% to a Filipino...

 

Would you care to elaborate on that after reading the official government position that says:

"Section 7. Foreign Investments in Domestic Market Enterprises. - Non-Philippine nationals may own up to one hundred percent (100%) of domestic market enterprises unless foreign ownership therein is prohibited or limited by existing law or the Foreign Investment Negative List under Section 8 hereof"

http://www.philea.com.ph/RA7042.htm

 

Is it naive to believe that "Non-Philippine nationals may own up to one hundred percent (100%)" of certain businesses? By certain businesses I mean the following, (keeping in mind this is only my preliminary research and I cannot attest to the accuracy):

 

* export activites;

* agriculture, food, and forestry-based industries;

* basic industries such as iron, steel, cement, mining, chemicals, petroleum, natural fibers, leather;

* engineering industries such as machinery and equipment, aluminum rods, shipbuilding;

* infrastructure and services such as power generation, transportation, telecommunications,

industrial estates;

* tourism such as tourism estates, hotels, resorts, and other tourist accommodations, tourist

buses;

* socialized housing;

* health products and services;

* modernization and rehabilitation programs;

* environmental conservation and protection;

* science and technology-oriented research and development.

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