The Omnibus Investments Code of 1987

Article 74

Any alien who possesses the following qualifications may be issued a Special Investors Resident Visa. 1. He had not been convicted of a crime involving moral turpitude; 2. He is not afflicted with any loathsome, dangerous or contagious disease; 3. He has not been institutionalized for any mental disorder or disability; 4. He is willing and able to invest the amount of at least US$75,000.00 in the Philippines; Provided, That the foregoing invested amount shall be lowered to US$50,000 for aliens availing of Executive Order No. 63 and Executive Order No. 1037 subject to the conditions imposed by said legislations: Provided, further, That for purposes of compliance with this particular condition, the alien-applicant should prove that he has remitted such amount in acceptable foreign currency to the Philippines.

Article 75

As a holder of the Special Investors Resident Visa, an alien shall be entitled to reside in the Philippines while his investment subsists. For this purpose, he should submit an annual report, in the form duly prescribed for the purpose, to prove that he has maintained his investment in the country. Should said alien withdraw his said investment from the Philippines, then the Special Investors Resident Visa issued to him will automatically expire.