Page 1 of 5 Republic of the Philippines DEPARTMENT OF TRADE AND INDUSTRY

BOARD OF INVESTMENTS
385 Sen. Gil Puyat Avenue, Makati City 1200 Philippines Tel No. (632) 895-3568, (632) 897-6682 local 234 Fax No. (632) 896-8236 E-mail: [email protected] Website: www.boi.gov.ph SPECIAL INVESTORS RESIDENT VISA (SIRV) CHECKLIST OF REQUIREMENTS

APPLICATION FOR PROBATIONARY SIRV (3 copies each)

BOI Form SIRV-001A for Principal applicant / BOI Form SIRV-001B for Dependents Signed and notarized Deed of Undertaking (for Principal only) For Principal and for dependents who are 14 yrs. old and above Accomplished Personal History Statement Form - all spaces filled up Police Clearance issued abroad translated into English and duly authenticated by Philippine Embassy/Consulate or Clearance from the Interpol Division of the National Bureau of Investigation (NBI) issued in the Philippines valid for 6 months Medical Certificate (Authenticated by the Bureau of Quarantine of the Phil. Department of Health) valid for 6 months Birth Certificate / Family Registry / Household Registry duly authenticated by Philippine Embassy/Consulate Marriage Contract (if applicable), duly authenticated by Philippine Embassy/Consulate Proof of Inward Remittance from Development Bank of the Philippines (DBP) Head Office or Land Bank of the Philippines -Sen. Gil J. Puyat Ave. (Buendia) Branch Processing fee of US$ 300 per person in Philippine Peso equivalent Bureau of Immigration (BI) fee: Php10,110.00 per person (14 yrs.old and above) Php9,360.00 per person (below 14yrs.old) For purposes of securing an indefinite SIRV, only ownership of shares of stocks in the following shall be considered acceptable forms of investments, to wit: o Publicly-listed corporations o Companies engaged in areas listed in Investment Priorities Plan (IPP), or o Companies engaged in the manufacturing and service sectors.

CONVERSION OF TIME DEPOSIT TO INVESTMENT Processing Fee P1,000.00

To be submitted upon request for conversion of time deposit to investment. (should be made within 150 days from issuance of probationary SIRV) Letter of Intent (use BOI SIRV Form SH 002) Processing fee (P1,000.00)

Note: Original documents must be presented for comparison FOR INVESTMENT IN NEW CORPORATION (2 copies) Signed and notarized duplicate copies of Articles of Incorporation and By-Laws

FOR INVESTMENT IN EXISTING CORPORATION (2 copies) Articles of Incorporation, By-Laws and SEC Certificate of Registration (Certified true copies by the SEC) Latest Audited Financial Statement and list of latest Officers and Directors Corporate Secretarys Certificate (notarized stating that the subscription/purchase of the shares of stock by the Applicant shall not violate the 40% limitation on ownership by foreigners in nationalized areas. Waiver of Pre-emptive Rights of existing stockholders

Page 2 of 5 ADDITIONAL DOCUMENTS FOR SHARES PURCHASED FROM EXISTING STOCKHOLDERS (2 copies) If the shares will be purchased from an existing stockholder, the purchase price per share shall not exceed 10% of its current book value. Secretarys Certificate (notarized stating that the stockholder selling the shares is a stockholder of record owning ________ shares and that said shares are free from any lien and/or encumbrance and are not subject of set-off) Certified true copy of the Stock Certificate issued to said selling stockholder

INVESTMENT IN SHARES IN PUBLICLY LISTED CORPORATIONS (1 copy) Sworn certification of stock broker

CONVERSION OF PROBATIONARY TO INDEFINITE SIRV BOI fee of P2,000.00 per person Bureau of Immigration fee of P1,010.00 per person
Note: Original documents must be presented for comparison GENERAL REQUIREMENTS (2 copies) NBI Clearance/Police Clearance valid within 6 months Lease contract or proof of ownership of office or factory/plant sites and its location map.

INVESTMENT IN NEW CORPORATION (2 copies) Securities and Exchange Commission (SEC) Certificate of Registration, Articles of Incorporation and By-Laws Treasurers affidavit as to the amount of investment of the applicant Certified true copy of official receipt issued by the treasurer-in-trust Sworn certification of Corporate Secretary as to proposed start of commercial operation of the Corporation. BIR certificate of registration (TIN/VAT) BIR approved authority to print official receipts and invoices and copies of the companys official receipts Business/Mayors permit valid for one (1) year and the corresponding official receipt (O.R.)

INVESTMENT IN EXISTING CORPORATION (2 copies) Business/Mayors permit valid for one (1) year and the corresponding official receipt (O.R.) Certificate of Registration with the Board of Investments, if any BIR certificate of registration (TIN/VAT) Latest Audited Financial Statements/Income Tax Returns (ITR) filed with the Bureau of Internal Revenue Latest BIR approved authority to print official receipts and invoices and copies of the companys used official receipts

Latest General Information Sheet (GIS) filed with the Securities and Exchange Commission reflecting the name of the SIRV holder as one of the stockholders Resolution from the Securities and exchange Commission authorizing the issuance of shares from the unsubscribed portion and exempting said shares from the registration required by the Revised Securities Act, if the shares acquired came from the unsubscribed portion of the corporations authorized capital stock Deed of Assignment between the buyer and the seller of the shares of stock, if the shares acquired were purchased from existing stockholders (the purchase price per share shall not exceed 10% of its current book value) INVESTMENT IN PUBLICLY LISTED CORPORATION (2 copies) Certified true copy (by the stock broker) of official receipts and buy invoice. Certification from stock transfer office that the SIRV holder is a stock holder on record of the company where the investment was made Certified true copy (by the stock transfer office) of the Stock Certificate issued in the name of the SIRV holder which must bear the following annotation on the face thereof: The shares of stock covered by this certificate shall not be sold, transferred, conveyed and/or encumbered without prior written consent of the Board of Investments below which must appear the signature of the Corporate Secretary

Page 3 of 5 ISSUANCE OF SIRV IDENTIFICATION CARD P2,000.00/SIRV HOLDER (Renewable annually) Note: Renewed every 3 years for SIRV holders whose investments are in the following: o o BOI-registered companies Companies located in the Economic zones

o Condominium Certificates of Title (CCT)/Stock certificates in publicly-listed corporations are annotated with a lien The SIRV ID shall exempt the SIRV HOLDER, his/her spouse and dependent children from securing the Special Return Certificate (SRC), Emigration Clearance Certificate (ECC) and Alien Certificate of Registration (ACR) from the Bureau of Immigration.

MAINTENANCE OF INVESTMENTS/SUBMISSION OF ANNUAL REPORTS 30 days before the expiration of SIRV ID

Note: Original documents must be presented for comparison Sworn annual report Latest audited financial statements of the business filed with the BIR Latest General Information Sheet (GIS) filed with the Securities and Exchange Commission Business/mayors permit valid for one (1) year and the corresponding Official Receipt (O.R.) Copy of corporate income tax return filed with the BIR with official receipt of income tax payment, if applicable Copy of the individual tax return of the SIRV holder filed with the BIR with official receipt of income tax payment, if applicable Vicinity map of the place of business of the Corporation where investment was made (if theres change of business location/not in file) Other authentic documents that may be required to prove existence of investment such as but not limited to the following: Land/Condominium Titles for holding companies and those engaged in real estate development Stock certificates for holding companies

Present original copy of Condominium Certificate of Title and real property tax receipt for the current year (for investments in condominium units) Stock Certificates & Certification from stock transfer office (for investments in publicly-listed companies) Buy Invoice/Official Receipts (if theres change of stocks being held)

OTHER FEES 1. Actual cost of inspection; 2. Late submission of reports and/or proof of investment Basic fine of one thousand pesos (P1,000.00) plus a daily fine of one hundred pesos (P100.00) until compliance.

Page 4 of 5

Development Bank of the Philippines

REMITTANCE INSTRUCTIONS
1. 2. Go to ANY bank your business/office or residence. Approach a teller and inform him/her that you will be remitting US dollar amount, for the account of:
----- YOU MAY COPY FROM THIS PORTION TO BE PRESENTED TO THE BANK----

Citibank N. Y. (Regular Acct.) Acct. No. 36002016 for the account of the Development Bank of the Philippines (DBP) for further credit to the account of the sender under Ref: SIRV Program Or Chase Manhattan Bank Acct. No. 544771807 for the account of the Development Bank of the Philippines (DBP) for further credit to the account of the sender under Ref: SIRV Program
-------UP TO THIS POINT-------

3. 4. 5.

The remitting bank (the bank which you will approach to remit to DBP) will charge a fee corresponding to their bank fees. DBP will not charge a fee for the incoming remittance. For assistance and inquiries, please call (632)8151528 or e-mail us at [email protected] or [email protected]

Page 5 of 5

LAND BANK OF THE PHILIPPINES

Remittance Instructions
1.) What to do: Send a telegraphic transfer or customer transfer (Swift MT 100) at any of Landbanks depository banks in the area with the following instruction: For Credit to Favor Amount By Order Details of Payment 2.) Where to go: a.) Taiwan : : : : : LandBank of the Phils. LBP Acct # _________ Name of beneficiary/SIRV applicant Name of remitter For credit to Time Deposit under SIRV Program at LBP-PCSU

LandBank of Taiwan 476 Kuan Chien Road, Taipei, Taiwan, ROC LBP Acct # International Commercial Bank of China 100 Chi Lin Rd., Taipei (10424) Taiwan ROC LBP Acct # Taipei Bank 50 Chung Chian N. Roadsec2, Taipei, Taiwan LBP Acct # Contact Person In Taiwan Mr. Reo Andarino LBP Taiwan Rep. Office 11f-12 No. 87 Chung Hsiao East Rd. Sec. 4, Taipei City b.) Hongkong Hongkong Bank Hongkong Main Office, 1 Queens Road, Central, Hongkong LBP Acct # 3.) In other areas where LandBank has no depository banks (Send thru any International bank the telegraphic transfer or customer transfer. (Swift MT 100) with the following instruction: Pay to For Credit to Favor Amount By order Details of Payments : : : : : Citibank, New York1 LandBank of the Philippines Acct # (name of the beneficiary/SIRV applicant) ________________ (name of remitter) : For Credit to Time Deposit under Special Investors Resident Visa (SIRV) Program at LBP-PCSU

4.) For assistance and inquiries, please call Ms. Mira Palaypayon at telephone number (632)8140176.

Other depository banks in New York: American Express Bank, New York