PH to allow foreign investors starting Nov. 1

Photo courtesy of GMA News

FOREIGNERS with investor’s visa will be allowed to enter the Philippines from Nov. 1, Malacañang said Friday, as authorities sought to boost the pandemic-hit economy. 

In its conference on Thursday, the inter-agency task force leading the pandemic response allowed the entry starting next month of foreign nationals with investor visa from the Bureau of Immigration, said Presidential Spokesperson Harry Roque. 

Foreigners with 47A2 visas from the Department of Justice, and visas from the Aurora Pacific Economic Zone and Freeport Authority and the Subic Bay Metropolitan Authority will also be allowed, he said in a Laging Handa public briefing. 

“They must have valid and existing visas at the time of entry and must likewise have a pre-booked accredited quarantine facility,” Roque said in a statement. 

“In addition, they must be subject to the maximum capacity of inbound passengers at the port and date of entry and must follow applicable immigration laws, rules and regulations,” he added.

The Philippines imposed travel curbs in February to stem the spread of the novel coronavirus. The easing of travel restrictions is among a slew of relaxed rules announced on Friday to help the country’s economy recover from recession.(ABS-CBN News

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