If you are planning to reside in Clark Philippines, you would read this primer issued by Clark Development Corporation. For more information, please email Servce@Yats-International.com or visit www.YatsLeisure.com. YATS International has been doing business in Clark Philippines since 1999. We are eager to help or partner with new investors to put up more businesses and foster employment in Clark Philippiones.

 

INTRODUCTION

The Special Clark Investor’s Visa (SCIV) and Special Clark Working Visa (SCWV) are visas pursuant to Republic Act No. 7227, Section 5 of Executive Order No. 80, and Executive Order 464 and Memorandum of Agreement between Clark Development Corporation (CDC) and the Bureau of Immigration (BI). These visas shall apply to foreigners who shall perform line functions or assume jobs and responsibilities necessary to operate the business of a registered enterprise in the Clark Special Economic Zone (CSEZ).

VISA FEATURES AND INCENTIVES

SPECIAL CLARK INVESTOR’S VISA (SCIV)
The Special Clark Investor’s Visa (SCIV) has the following features:

(1)
multiple entry privilege with exemption from:
 

Exit Clearance Certificate,
Re-entry Permit and
Special Return Certificate.

(2)
Indefinite validity period, unless sooner revoked and subject to the condition that the grantee’s continuing investment within the CSEZ is equivalent to not less than Two Hundred Fifty Thousand US Dollars (US$250,000.00).

SPECIAL CLARK WORKING VISA (SCWV)
The Special Clark Working Visa (SCWV) has the following features:

(1)
multiple entry privilege with exemption from:
 

Exit Clearance Certificate,
Re-entry Permit and
Special Return Certificate.

(2)
Two (2) years maximum validity period (renewable thereafter), subject to the
validity period of the Alien Employment Permit (AEP) as approved by the
Department of Labor and Employment (DOLE)

ALIEN EMPLOYMENT PERMIT (AEP)

1An Alien Employment Permit (AEP) and an investor's or working visa are the general requirements for Aliens seeking admission to the Philippines, specifically in the Clark Special Economic Zone, for the purpose of employment.

The Department of Labor and Employment (DOLE) Alien Employment Permit (AEP) shall
serve as one of the prerequisites in the application for either a Special Clark Working Visa
(SCWV) or Special Clark Investor’s Visa (SCIV). The AEP therefore is not a sufficient
document to allow the legitimate employment of any foreign national here in the Philippines.
 
FLOWCHART OF PROCEDURES ON HOW TO APPLY FOR

1 An alien assuming a line function in an enterprise or is receiving any form of remuneration from the same is deemed to be an employee of that enterprise regardless of the source of compensation and duration of employment , whether the employment is temporary or part-time

 
 
 

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