Comments on: What is SVEG? http://liveinthephilippines.com/content/2009/03/what-is-sveg/ The Web Magazine for Expats in the Philippines and those who want to be Fri, 10 Sep 2010 20:43:34 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: ian http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-65875 ian Wed, 12 May 2010 04:34:27 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-65875 Before I got my SRRV I looked at the SVEG . I would NOT under any circumstances ever even consider getting a SVEG. Why? Because frankly it terrifies me! To keep my SRRV I have to keep [ in my case] $20,000 in a bank account that pays me 500 php a year interest. But if I decide to get my money back all that happens is that they take away my SRRV and I am on the same footing as before- a visitor. But what happens if I ever fail to meet the requirements of the SVEG? I have to maintain 10 employees for the SVEG, but what happens if one quits and i cant find someone to replace him? Lets see what the Act says in the SVEG Regulations: SECTION 4. Revocation of the SVEG. – (a) The Commissioner of Immigration shall revoke the SVEG granted: (i) If the SVEG holder fails to maintain compliance of any of the conditions see forth in Section 2 hereof; (ii) If it was obtained through fraud or willfull misrepresentation of material facts; (iii) Upon conviction of the foreigner by final judgment for a crime or offense in the Philippines; or (iv) A final determination by competent authority that the foreigner poses a risk to national security. (b) A foreigner whose special non-immigrant status is revoked under Sections 4 (a) (i), 4 (a) (ii) or 4 (a) (iv) hereof shall be deported via summary proceedings. In the case of revocation under Section 4 (a) (iii), the foreigner shall be deported after the service of sentence So if I fail to comply with one of the provisions under Sec 4 [a][i] ie to have 10 employees then the Commissioner of Imiggration SHALL revoke my SVEG and I SHALL be deported !! The Immigration Dept doesnt even have any leeway in the matter- the Act requires that you be deported for any infraction ! No warning, no right of appeal, no time to rectify the situation- they just deport you! Thats why I would never consider getting an SVEG. I just wouldnt be able to sleep at night ever Before I got my SRRV I looked at the SVEG . I would NOT under any circumstances ever even consider getting a SVEG. Why? Because frankly it terrifies me!
To keep my SRRV I have to keep [ in my case] $20,000 in a bank account that pays me 500 php a year interest. But if I decide to get my money back all that happens is that they take away my SRRV and I am on the same footing as before- a visitor.
But what happens if I ever fail to meet the requirements of the SVEG? I have to maintain 10 employees for the SVEG, but what happens if one quits and i cant find someone to replace him?
Lets see what the Act says in the SVEG Regulations:
SECTION 4. Revocation of the SVEG. – (a) The Commissioner of Immigration shall revoke the SVEG
granted: (i) If the SVEG holder fails to maintain compliance of any of the conditions see forth in Section 2 hereof; (ii) If it was obtained through fraud or willfull misrepresentation of material facts; (iii) Upon conviction of the foreigner by final judgment for a crime or offense in the Philippines; or (iv) A final determination by competent authority that the foreigner poses a risk to national security.

(b) A foreigner whose special non-immigrant status is revoked under Sections 4 (a) (i), 4 (a) (ii) or 4 (a) (iv) hereof shall be deported via summary proceedings. In the case of revocation under Section 4 (a) (iii), the foreigner shall be deported after the service of sentence
So if I fail to comply with one of the provisions under Sec 4 [a][i] ie to have 10 employees then the Commissioner of Imiggration SHALL revoke my SVEG and I SHALL be deported !!
The Immigration Dept doesnt even have any leeway in the matter- the Act requires that you be deported for any infraction ! No warning, no right of appeal, no time to rectify the situation- they just deport you! Thats why I would never consider getting an SVEG. I just wouldnt be able to sleep at night ever

]]> By: sveg visa philippines http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-65868 sveg visa philippines Wed, 12 May 2010 04:12:02 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-65868 Because of the SVEG Visa, more doors of opportunities are open for foreign business and investors. I think that this is a good step in promoting more jobs or employment in the country. Because of the SVEG Visa, more doors of opportunities are open for foreign business and investors. I think that this is a good step in promoting more jobs or employment in the country.

]]> By: sveg visa philippines http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-65419 sveg visa philippines Fri, 07 May 2010 05:38:58 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-65419 Good thing that this order has been signed in the Philippines. This is indeed a very welcoming idea for more investors who wish to establish their names in the country and open more job oppportunities for people. Good thing that this order has been signed in the Philippines. This is indeed a very welcoming idea for more investors who wish to establish their names in the country and open more job oppportunities for people.

]]> By: Mindanao Bob http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-6730 Mindanao Bob Sat, 19 Sep 2009 20:20:07 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-6730 Hi Vee - Should be no problem to obtain a 13 series Resident Visa at the Bureau of Immigration in Cebu. I know that you can do it at the BoI in Davao. Hi Vee – Should be no problem to obtain a 13 series Resident Visa at the Bureau of Immigration in Cebu. I know that you can do it at the BoI in Davao.

]]> By: Vee http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-6729 Vee Sat, 19 Sep 2009 14:39:09 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-6729 Hi Bob, I'm Filipina and married to a foreigner, he's been living here for a year now and we have to travel 3 hours to the nearest immigration office and frankly, it's getting too expensive and too much hassle. Wanted to know if there's an office in Cebu that can process 13a? We've been referred to Manila but Cebu is closer and we both hate Manila - too crowded, too polluted, too many suckers! Thanks. ;) Hi Bob, I’m Filipina and married to a foreigner, he’s been living here for a year now and we have to travel 3 hours to the nearest immigration office and frankly, it’s getting too expensive and too much hassle. Wanted to know if there’s an office in Cebu that can process 13a? We’ve been referred to Manila but Cebu is closer and we both hate Manila – too crowded, too polluted, too many suckers! Thanks. ;)

]]> By: dans http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-6728 dans Sat, 21 Mar 2009 06:56:38 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-6728 hi bob, here is the memorandum circular order MCL-09- 001, i believe that is the complete guideline of the EO-758 http://immigration.gov.ph//index.php?option=com_content&task=view&id=471&Itemid=103 hi bob,

here is the memorandum circular order MCL-09- 001, i believe that is the complete guideline of the EO-758

http://immigration.gov.ph//index.php?option=com_content&task=view&id=471&Itemid=103

]]> By: MindanaoBob http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-6727 MindanaoBob Sat, 21 Mar 2009 06:51:26 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-6727 Hi dans - the requirements you came up with are the Executive Order requirements. The requirements I gave are the implementation by the BI, they supersede the EO. Hi dans – the requirements you came up with are the Executive Order requirements. The requirements I gave are the implementation by the BI, they supersede the EO.

]]> By: dans http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-6726 dans Sat, 21 Mar 2009 06:43:48 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-6726 hi bob, I just read the complete EO-758 and some of the requirements you posted is not on the list, section 2 of the EO-758 SECTION 2. Who may avail. – Non-immigrant foreigners who wish to avail of the SVEG should comply with the following conditions: a. The foreigner shall actually, directly or exclusively engage in a viable and sustainable commercial investment/enterprise in the Philippines, exercises/performs management acts or has the authority to hire, promote and dismiss employees; b. He evinces a genuine intention to indefinitely remain in the Philippines; c. He is not a risk to national security; and d. The foreigner’s commercial investment/enterprise must provide actual employment to at least ten (10) Filipinos in accordance with Philippine labor laws and other applicable special laws. The above-mentioned requirements must be continually satisfied by the foreigner for him/her to continue to be a holder of the SVEG. source: http://immigration.gov.ph//index.php?option=com_content&task=view&id=469&Itemid=104 hi bob,

I just read the complete EO-758 and some of the requirements you posted is not on the list,

section 2 of the EO-758

SECTION 2. Who may avail. – Non-immigrant foreigners who wish to avail of the SVEG should comply with the following conditions:

a. The foreigner shall actually, directly or exclusively engage in
a viable and sustainable commercial investment/enterprise in the Philippines, exercises/performs management acts or has the authority to hire, promote and dismiss employees;

b. He evinces a genuine intention to indefinitely remain in the Philippines;

c. He is not a risk to national security; and

d. The foreigner’s commercial investment/enterprise must provide actual employment to at least ten (10) Filipinos in accordance with Philippine labor laws and other applicable special laws.

The above-mentioned requirements must be continually satisfied by the foreigner for him/her to continue to be a holder of the SVEG.

source: http://immigration.gov.ph//index.php?option=com_content&task=view&id=469&Itemid=104

]]> By: MindanaoBob http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-6725 MindanaoBob Thu, 19 Mar 2009 09:32:13 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-6725 Hi Jim - ha ha... no wonder I couldn't figure it out! Hi Jim – ha ha… no wonder I couldn’t figure it out!

]]> By: Jim Hanah http://liveinthephilippines.com/content/2009/03/what-is-sveg/#comment-6724 Jim Hanah Thu, 19 Mar 2009 09:26:56 +0000 http://www.liveinthephilippines.com/content/?p=6812#comment-6724 LOL. It was a cheeky comment on the spelling (of versus off) Bob. But then I shot myself in the foot by failing to capitalise the 4 for a dollar sign, so the last figure should read $36.75, not 436.75. OK, I was a tired insomniac at the time!!! LOL. It was a cheeky comment on the spelling (of versus off) Bob. But then I shot myself in the foot by failing to capitalise the 4 for a dollar sign, so the last figure should read $36.75, not 436.75. OK, I was a tired insomniac at the time!!!

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