PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
PRESIDENTIAL DECREES
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PRESIDENTIAL DECREE NO. 1893 -
FURTHER AMENDING PRESIDENTIAL DECREE NO. 1623 ENTITLED "AUTHORIZING THE
ISSUANCE OF SPECIAL INVESTORS RESIDENT VISAS TO ALIENS AND FOR OTHER
PURPOSES," AS AMENDED
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| WHEREAS,
there is a need to further liberalize the investment requirements for
aliens desiring to obtain special Investors Resident Visas in the
Philippines. NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree the following: Section 1.chanroblesnad Section 1, Paragraph 4 of P.D. No. 1623, as amended, is hereby further amended to read as follows: "4.chanroblesnad He is willing and able to invest the amount of at least US$75,000 in the Philippines; provided, however, 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." Sec. 2.chanroblesnad This Decree shall take effect immediately. Done in the City of Manila, this 13th day of December, in the year of Our Lord, nineteen hundred and eighty-three. |
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Since 19.07.98.
