AlinsugLaw, Philippines. — PGMA signed Executive Order No. 758 or the Special Visa for Employment Generation (SVEG). Under this EO a special non-immigrant visa which entitles holders multiple entry privileges if the foreigner employs at least 10 employees. Section 1 of the EO explains the purpose of the SVEG, as follows:
“The SVEG is a special visa issued to a qualified non-immigrant foreigner who shall actually employ at least ten (10) Filipinos in a lawful and sustainable enterprise, trade or industry. Qualified foreigners who are granted the SVEG shall be considered special non-immigrants with multiply entry privileges and conditional extended stay, without need of prior departure from the Philippines.
The privileges of this Executive Order may extend to the qualified foreigner’s spouse and dependent unmarried child/children below eighteen ( 18 ) years of age whether legitimate, illegitimate or adopted.”
Click here for the complete copy of the EO 758.
While this is timely under the current national and international financial situation, it remains to be seen if sufficient safety nets will be provided to effectively weed out unwanted foreigners (fugitives, criminals, terrorists etc.).
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