New investor’s visa proposed

THE Bureau of Immigration is pushing for a new visa that will allow foreign investors in specified businesses to stay indefinitely as long as they provide employment for at least 10 Filipinos.

Commissioner Marcelino Libanan said the implementing guidelines for the special non-immigrant visa was finalized following a series of public hearings at the bureau’s Manila office attended by different foreign chambers.

“This program is our contribution to the efforts of the administration of President Gloria Macapagal-Arroyo to generate more jobs for our countrymen and spur the growth of investments and businesses in our country,” the Immigration chief said.

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