Special Visa for Employment Generation (SVEG) in Philippines
The Special Visa for Employment Generation (SVEG) entitles the holder to reside in the Philippines, permitting multiple entry privileges, so long as his investments, as well as the other requirements, remain in the Philippines. The SVEG is issued by the Bureau of Immigration (BI) upon endorsement of the Department of Labor and Employment (DOLE). Foreign nationals who are granted SVEG shall be considered special non-immigrants with multiple entry privileges and conditional extended stay, without need of prior departure from the Philippines.
The privileges of SVEG may extend to the legal spouse of the qualified foreign national as well as their unmarried children below eighteen (18) years of age, whether legitimate, illegitimate or adopted. The special non-immigrant status of children of SVEG holders shall cease upon reaching the age of eighteen (18), in which case, they are required to downgrade their visas to temporary visitor’s visa.
Subject to the restrictions imposed by the Constitution and existing laws, the SVEG shall be issued to a foreign national who shall employ at least ten (10) Filipinos in a lawful and sustainable enterprise, trade or industry in the Philippines. The foreign national shall actually, directly, and exclusively engage in a sustainable investment in the Philippines and perform management acts or the authority to hire, promote, and dismiss employees therein.