Immigration Commissioner Marcelino Libanan has spelled out the liberal visa rules for foreigners coming in as investors, a move that drew the support of major business groups.
Libanan said that foreign investors and businessmen duly endorsed by the Board of Investments, Philippine Retirement Authority, Philippine Chamber of Commerce and Industry, local business councils, or local as well as foreign chambers of commerce and industry may avail themselves of Immigration’s “visa upon arrival” program.
Businessmen hailed the liberalized visa policy, saying that it “will boost foreign investments and tourist arrivals without giving up the national sovereignty.”
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Labels: manila standard today, news, visa policy
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