The Philippines SIRV initially provides a temporary residence permit valid for six months, during which time the applicant must make a US$75,000 investment in an approved sector (a wide range of sectors are approved).
Upon completing the investment, the applicant can convert the SIRV permit from temporary to indefinite. The permit will remain valid for as long as the investment is maintained.
After ten years of continuous residency, the applicant is eligible to apply for citizenship.
To qualify, the applicant must make a $75,000 investment in a pre-approved industry. Approved sectors include:
A spouse and unmarried children under 21 years of age may be included in the application.
A $300 processing fee for each applicant applies.
To become eligible for citizenship, the applicant must have held continuous residency in the Philippines for no fewer than 10 years. The applicant must show he has integrated into Philippine society and has good knowledge of the country’s history and any of the country’s official language, one of which is English.
The applicant must submit a Notice of Intent to naturalize one year prior to the filing of the petition before the court. This notice must be sent to the Office of the Solicitor General.
As an investor it might be possible to have the time requirement may be reduced to 5 years if the applicant has established a new industry or introduced a useful invention in the Philippines.
An additional requirement is to own physical property in the Philippines with a value no less than 5,000 Philippine Pesos.
Browse 195 countries’ paths to citizenship in the hyper-detailed IMI Citizenship Catalog.
Applications for this program may be directed to Board of Investments.
Legislation upon which this program is based Philippine Immigration Act of 1940 Section 47(A)(2) SIRV.
As noted in the program qualifications above, an investor can qualify for this program with a local property purchase above the minimum investment threshold. View eligible properties curated by IMI and our real estate partners:
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See more statistics on this program and others in the IMI Data Center.