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 for restricted nationals, at least twenty-one (21) years of age, who meets
the qualifications and follows the implementing rules provided for in the issuance of an
SIRV. The applicant's spouse and unmarried children under twenty-one (21) years of age
may also be issued the same visa.
The applicant must not have been convicted of a crime involving moral turpitude, been
afflicted with any loathsome, dangerous or contagious disease; has not been
institutionalized for any mental disorder or disability; and is willing and able to invest the
amount of at least USD75,000 in the Philippines.
What are the Privileges of having a 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.
Requirements for a SIRV
1. Duly-accomplished and notarized application form, with recent photographs;
2. Clearance from the National Intelligence Coordinating Agency (NICA), together with
either a clearance from the central government agency of the applicant's country or
place of residence, competent to give information about any criminal record that the
applicant may have, duly authenticated by the Philippine Embassy, or the Interpol
Division of the National Bureau of Investigation (NBI) indicating that the applicant
has not been convicted by final judgement of a crime involving moral turpitude. The
NICA shall issue an initial clearance within three (3) working days from receipt of the
BOI endorsement, and a more thorough verification to cover the Armed Forces of
the Philippines and the Philippine National Police should be made within three(3)
months after the grant of the probationary visa. Any derogatory record may be the
basis for revocation of the SIRV holder's visa. The expiration date of said clearances
should not be earlier than six (6) months from date of filing of application;
3. Medical certificate issued by the Department of Health (DOH), any government
hospital or health facility, or any licensed and accredited hospital, medical center, or
laboratory or the equivalent in the applicant's home country, certifying that the
applicant is physically and mentally fit. The expiration of the certification should not
be earlier than six (6) months from date of filing of application;
4. Certification under oath from the duly-authorized officers of any accredited
depository bank in the Philippines as to the amount of foreign exchange inwardly
remitted by applicant, and its conversion to pesos through the said bank, in the
prescribed form. Should the inward remittance be sent through non-accredited
correspondent banks, the total amount of remitted money should be immediately
transferred to the accredited banks. In all cases, inward remittances shall not be
made earlier than one (1) year prior to the filing of the application;
5. Certified true copy of the certificate of peso time deposit with a maturity period of at
least thirty (30) days. The original copy of the certificate of time deposit shall remain
with the depository bank for safe-keeping;
6. Birth certificate/family registry/household registry duly authenticated by the
Philippine Consulate/Embassy located in the applicant's home country or the
applicant's embassy in the Philippines;
7. If spouse and dependent children are included in the application, marriage contract
duly authenticated by the Philippine Consulate/Embassy located in the applicant's
home country or by the applicant's Embassy in the Philippines;
8. Original passport of the applicant; and
9. Payment (3,600 NOK)
