Doing Business in the Philippines: Several types of Visas
The number of people from other countries doing business in the Philippines has grown tremendously in the last several years. Whilst most expatriates choose business process outsourcing (BPO) businesses for instance call centers, quite a few have gained success through smaller businesses for instance restaurants and bars.
Foreign people believe the Philippines is an excellent place to work for many reasons. The first is the lower costs. You could decrease your business costs as much as 50% depending on kind of business you have. One more reason is the number of skilled folks you'll find in the Philippine workforce.
Obtaining a degree is a top priority for Filipinos, and over 350,000 students graduate yearly. This grants you having access to a huge share of potential staff members and partners. English is taught in most school across the country, and that means you won't have various problems connected with language and communication.
The Philippine government wholly facilitates foreigners doing business in the Philippines thru a variety of campaigns and legislation. The Foreign Investments Act of 1991 (or Republic Act 7042) helps it be much easier for people from other countries to earn investments within the country.
Your corporation may benefit with different rewards and incentives in the Philippines in case you keep to government rules and you have the correct working visa. The Philippines has various types of visas to fit foreign investors' needs. Examples of these are:
- Temporary or Tourist Visa - Foreigners having a tourist visa may well participate in remote business transactions, but cannot start continuing or performing typical business. Obtaining a tourist visa is actually a short procedure, and will be finished one day.
- Employment Visa or the 9(g) Visa - You can apply for this visa should you be having a technical, executive, or managerial job in the Philippines not less than one year. The application for this specific process ranges from one to two weeks, but this may be shortened to five days if all requirements are fulfilled.
- Treaty Trader Visa or the 9(d) Visa - When a foreign investor comes from a nation the Philippines has an active trade and commerce agreement with, he is qualified for a treaty trader visa. The Philippines currently has this agreement together with Germany, Japan, as well as the United States. The application for this visa could also take as much as two weeks.
- Special Investor's Resident Visa - This kind of visa lets you be in the Philippines indefinitely, as long as you've made a financial commitment worth $75,000 in the country. Processing this kind of visa might need about 10-15 days.
- Special Non-Immigrant Visa - The Philippines' Secretary of Justice issues this specific visa to foreign investors that are associated with public interest or public policy industries, similar to energy generation and infrastructure. Application for this visa may be accomplished in just a week.
This list only offers an overview of each type of visa. Before you begin doing business in the Philippines, you need to get to know the particular needs of the visa you're trying to obtain. Although making an investment or starting a business in the Philippines is easy, not having the appropriate visa will result in heavy penalties.
Foreign people believe the Philippines is an excellent place to work for many reasons. The first is the lower costs. You could decrease your business costs as much as 50% depending on kind of business you have. One more reason is the number of skilled folks you'll find in the Philippine workforce.
Obtaining a degree is a top priority for Filipinos, and over 350,000 students graduate yearly. This grants you having access to a huge share of potential staff members and partners. English is taught in most school across the country, and that means you won't have various problems connected with language and communication.
The Philippine government wholly facilitates foreigners doing business in the Philippines thru a variety of campaigns and legislation. The Foreign Investments Act of 1991 (or Republic Act 7042) helps it be much easier for people from other countries to earn investments within the country.
Your corporation may benefit with different rewards and incentives in the Philippines in case you keep to government rules and you have the correct working visa. The Philippines has various types of visas to fit foreign investors' needs. Examples of these are:
- Temporary or Tourist Visa - Foreigners having a tourist visa may well participate in remote business transactions, but cannot start continuing or performing typical business. Obtaining a tourist visa is actually a short procedure, and will be finished one day.
- Employment Visa or the 9(g) Visa - You can apply for this visa should you be having a technical, executive, or managerial job in the Philippines not less than one year. The application for this specific process ranges from one to two weeks, but this may be shortened to five days if all requirements are fulfilled.
- Treaty Trader Visa or the 9(d) Visa - When a foreign investor comes from a nation the Philippines has an active trade and commerce agreement with, he is qualified for a treaty trader visa. The Philippines currently has this agreement together with Germany, Japan, as well as the United States. The application for this visa could also take as much as two weeks.
- Special Investor's Resident Visa - This kind of visa lets you be in the Philippines indefinitely, as long as you've made a financial commitment worth $75,000 in the country. Processing this kind of visa might need about 10-15 days.
- Special Non-Immigrant Visa - The Philippines' Secretary of Justice issues this specific visa to foreign investors that are associated with public interest or public policy industries, similar to energy generation and infrastructure. Application for this visa may be accomplished in just a week.
This list only offers an overview of each type of visa. Before you begin doing business in the Philippines, you need to get to know the particular needs of the visa you're trying to obtain. Although making an investment or starting a business in the Philippines is easy, not having the appropriate visa will result in heavy penalties.
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