100,000 new jobs seen from latest visa program
Manila Times
THE Bureau of Immigration said Thursday that at least 100,000 new jobs could be generated once its proposed “job-generating visa” is approved and implemented.
“At least 100,000 new jobs will be created as a result of the proposed new indefinite stay visa for foreigners who will employ 10 Filipinos in viable and sustainable businesses in the Philippines,” Immigration Commissioner Marcelino Libanan said in a statement.
The immigration chief added that President Gloria Arroyo is expected to sign and issue an executive order early next month for the job-generation visa.
The proposed visa program received strong support from eight foreign business organizations in the country.
The Immigration chief said the issuance of the new visa will be based on the actual jobs that will be created by the investment made by foreigners in the country, instead of the actual amount of capital deposited in Philippine banks.
“The new indefinite stay visas will benefit Filipinos directly with tangible jobs created,” Libanan said.
Aside from foreign business groups, the proposed visa program was welcomed by the Departments of Labor and Employment, Trade and Industry and Foreign Affairs.
Foreigners that will apply for the indefinite stay visa will have to get an endorsement from the concerned government agency that oversees the industry where the foreigner will engage in.
“If his [or her business] is in the tourism industry, he would have to secure or show a certification coming from the Department of Tourism that he is employing at least 10 Filipinos,” Libanan said.
The Immigration chief added that foreigners who are applying for the indefinite stay visa will still need to secure an alien employment permit from the Labor department.
He added that existing immigration laws and regulations that govern employment and business endeavors of foreigners will still be applied to those who are issued the indefinite stay visas.
–Anthony Vargas
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