Connect with us

Hi, what are you looking for?


PEZA given authority to grant 2-year work visas to foreign investors, key employees

The Philippine Economic Zone Authority (PEZA) said it now has the authority to issue two-year working visas to foreign investors, key employees, and their dependents.

The PEZA said it signed a memorandum of agreement and agreed to the implementing rules and regulations (IRR) for the visa-issuing process with the Bureau of Immigration (BI) on Thursday. The agreement allows PEZA to issue working visas to foreign investors, non-resident foreign employees of PEZA-registered ecozone enterprises, and their respective qualified dependents starting Dec. 1.

The processing of visa facilitation and approval was also reduced to 10 days from one month under the memorandum.

In a statement Friday, PEZA said the agreement complies with Republic Act 11032, or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018, which authorizes measures to “reduce the cost of doing business and improve the country’s investment growth.”

BI Commissioner Jaime H. Morente said the signing of the agreement and IRR with PEZA “is a major step forward as we expand our services through collaborations with like-minded institutions such as PEZA.”

Enterprises registered with PEZA may submit the visa application of their foreign employees with complete requirements to the PEZA Zone Administrator or Manager in the area where the enterprise is located.

Meanwhile, ecozone companies in Metro Manila involved in information technology-business process outsourcing, tourism, and medical tourism may submit their visa applications at the head office of PEZA in Taguig City.

Requirements for a PEZA visa for foreign nationals include “a notarized application form, notarized company’s letter request addressed to the PEZA Director General, checklist of application for (visa) extension or change of admission, certified true copy of PEZA Certificate of Registration, and photocopy of the foreign applicant’s passport.”

For dependents of foreign employees, the requirements include a notarized application form, photocopy of passport, and a notarized Affidavit of Support/Guarantee executed by the PEZA-registered company’s president or vice president.

Once the new visa is approved and issued, it “will no longer be called the 47 (a)2 visa, but…the PEZA-Visa with two years validity for qualified international employees and their dependents,” PEZA Director General Charito B. Plaza said. – Bianca Angelica D. Anago

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!


Editor’s Pick

TikTok is expected to ride out the advertising slowdown, as the Chinese-owned social media titan becomes an outlier to the wider industry slowdown. According...

Editor’s Pick

The average start-up loan has fallen over 138 percent in the past year to just over £142k, from £339k in 2021. Thats according to...

Editor’s Pick

The government risks “sleepwalking” into a food supply crisis unless it provides crucial support for British farmers struggling with the soaring cost of fuel,...

Editor’s Pick

Britain’s retailers benefited from a November sales boost fuelled by Black Friday discounts and colder weather as consumers bought winter coats, hot water bottles...

Editor’s Pick

The biggest sector of the economy remained in a downturn last month as new orders continued to fall owing to the cost of living...


1 of 2 AL WAKRAH, Qatar — Goalkeeper Dominik Livakovic saved three spot-kicks as Croatia beat Japan 3-1 in a penalty shootout to reach...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.