Philippines Small Business Opportunities » SRRV http://philippinessmallbusiness.com Guide to Starting a Business in the Philippines for Foreigners Fri, 16 Apr 2010 07:37:09 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 New Visa For Employers http://philippinessmallbusiness.com/new-visa-for-employers/ http://philippinessmallbusiness.com/new-visa-for-employers/#comments Sat, 14 Nov 2009 06:45:17 +0000 iideas http://philippinessmallbusiness.com/?p=9 There is a new visa available for employers who start a business that employs at least ten Filipinos full time. The SVEG or Special Visa For Employment Growth offers similar privileges to the SRRV such as free multiple entry and exits however you don’t have to lodge tens of thousands of dollars with a local bank for six months.

You do need to employ at least ten Filipino citizens at all times and domestic servants, helpers, drivers etc don’t count. The whole point of the visa is to encourage employers to set up shop in the Philippines and employ some of the all too many unemployed and under employed Filipinos. You still need to abide by the existing laws governing the amount of ownership of the business you may hold and the professions and practices prohibited to Foreigners remain in force.

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