President Gloria Macapagal-Arroyo signed an executive order that would allow foreigners to stay in the Philippines indefinitely provided they will employ at least 10 Filipinos.
According to Immigration Commissioner Marcelino Libanan, Executive Order (EO) No. 758, otherwise knows as Job Generation Visa, is timely and would greatly mitigate the negative impact of the current economic meltdown on the Philippine Economy.
Under the guidelines, the BI shall issue Special Visa for Employment Generation (SVEG) to a foreigner engaged in viable and sustainable commercial enterprise, trade or industry that has in its employ at least 10 Filipinos.
