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The government of The Philippines will offer a special visa for foreign investors

"The government of The Philippines will offer a special visa for foreign investors with ventures that can directly generate employment. The “Jobs Generation visa will provide foreign businessmen a semi-indefinite stay, Immigration Commissioner Marcelino C. Libanan told BusinessWorld.

Mr. Libanan, however, did not elaborate on the nature and quality of employment and as to what sector should be prioritized for jobs generation. The Immigration chief said any foreign businessman could apply for the visa provided there is no violation of trade and labor laws. Foreigners are currently entitled to a visa provided they put in a substantial amount of investment. "

By guacharaca on Sep 27, 2008, 05:53 in Philippines.


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