A tourist visa is the usual avenue for anyone going for a quick look of another country. For non-Filipinos who fell in love with the Philippines and would want to stay much, much longer, then a tourist visa may not be enough. How would it sound if a foreigner can secure a visa that allows an indefinite stay in the Philippines?
On 17 November 2008, President Gloria Macapagal-Arroyo issued Executive Order 758, providing for a Special Visa for Employment Generation (SVEG). The SVEG is a special visa issued to a qualified non-immigrant foreigner who shall actually employ at least 10 Filipinos in a lawful and sustainable enterprise, trade or industry.
Holders of the SVEG have multiple entry privileges, without need of prior departure from the Philippines. This means they can stay in the Philippines indefinitely, so long as they maintain the requirements. The conditions or requirements to avail of this visa are: (1) the foreigner shall actually, directly or exclusively engage in a viable and sustainable commercial investment/enterprise in the Philippines, exercises/performs management acts or has the authority to hire, promote and dismiss employees; (2) he evinces a genuine intention to indefinitely remain in the Philippines; (3) he is not a risk to national security; and (4) the foreigner’s commercial investment/enterprise must provide actual employment to at least 10 Filipinos. (See also: Primer and full text of EO 758.)