Special Investor's Resident Visa (SIRV)

The Special Investor’s Resident Visa (SIRV) entitles the holder to reside in the Philippines for an indefinite period as long as the required qualifications and investments are maintained.

Who can apply for a SIRV?

Any alien (except those classified as restricted) who are at least 21 years old, physically healthy, with no derogatory record and willing to invest at least $75,000.00 in an existing or new corporation in the Philippines can apply for SIRV. That particular Philippine corporation must be publicly listed, covered by the Investment Priority Plan (IPP) projects or engaged in the manufacturing or service sectors.

The applicant’s spouse and the unmarried children under 21 years of age may also be issued the same visa.

What are the privileges of having SIRV?

The holder may reside in the Philippines for as long as his investment subsists and is entitled to import used household goods and personal effects tax and duty-free as an alien coming to settle in the Philippines for the first time.

Procedure and Requirements:

Step 1: File application with the Consulate General or directly with Board of Investments in the Philippines and submit the following requirements:

Passport valid for at least six (6) months beyond authorized period of stay in the Philippines and two (2) copies of a certified true copy of passport

Three (3) sets of the following documents:

SIRV Application Form with recent photographs (Please use SIRV Form No. 001A for Principal and SIRV Form No. 001B for spouse or dependents).

Deed of Undertaking (for Principal only) signed and notarized by the Philippine Consulate General

For Principal and for dependents who are 14 years old and above:

Accomplished Personal History Statement Form

Police Clearance issued abroad and contains Apostille Certification from the state where the applicant legal resides. The certificate must be taken not more than six (6) months prior to date of filing of visa application.

Medical Certificate with Apostille Certification and must be valid for six months from date of filing. 

Birth Certificate with Apostille Certification

Marriage Contract (if applicable) with Apostille Certification

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 the Board of Investments within 24 hours of receipt of inward remittance).

Payment of fees:

Filing fee of US$500.00

Notarization: US$ 25.00 per document per copy

Courier Service – actual cost

Step 2: If the documents are complete, Consulate General will issue a stub from SIRV Form 001/1B and inform applicant that papers can be processed within 20 days provided applicant pays cost of courier service.

Step 3: Consulate General sends the 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 Consulate General. Upon receipt of the Authority to Issue Visa, the Consulate General will issue to the applicant a probationary multiple-entry SIRV valid for six months.

For more information, visit the Board of Investments (BOI) website here.