Seeking advice from a legal professional or law firm is essential when considering the qualifications and procedures for the Philippine Economic Zone Authority (PEZA 47) Visa. At Duran & Duran-Schulze Law, we specialize in immigration law. Our firm assists and guides our clients through their PEZA 47 visa application process.
Philippine Economic Zone Authority (PEZA 47) Visa
In November 2021, the Philippine Economic Zone Authority (PEZA) implemented a new work visa for foreigners who work in the Philippines by companies registered with PEZA. This significant update stipulates that foreign workers and investors conducting business in the Philippines must obtain a PEZA visa, replacing the previous 47(a)(2) visas. PEZA is an investment promotion agency that facilitates foreign investors’ investment processes in the country. It is one of 19 IPAs offering specific fiscal and non-fiscal incentives, including exemptions from value-added tax (VAT), income tax holidays, among others.
Validity Period of Philippine Economic Zone Authority (PEZA 47) Visa
When applying for a PEZA 47 visa, the required processing time is ten (10) days, marking a notable improvement from the previous one-month waiting period. Subsequently, the visa granted is valid for two (2) years, with the option for renewal once for an additional two (2) years. However, the maximum validity period is four (4) years, necessitating a reapplication for a PEZA visa thereafter.
Upon the end of their employment, PEZA 47 visa holders are required to downgrade their visa status to a 9(a) tourist visa, which is valid for approximately 59 days (equivalent to two months). In this regard, their PEZA 47 visa must be officially canceled. The foreign employee must then obtain an “order of cancellation” from the PEZA and depart the country before their tourist visa expires. Furthermore, the foreign employee’s sponsor must inform the PEZA within five (5) days following the termination of the employee’s tenure with the company.
If Philippine Economic Zone Authority (PEZA 47) Visa is Expired
Foreign employees possessing a valid 47(a)(2) visa and employed under a PEZA-registered company may continue using their existing visas until expiration. Upon expiration, they must apply for a PEZA 47 visa, provided they still meet the qualifications for employment in the Philippines. However, applicants seeking to replace an expired 47(a)(2) visa with a PEZA 47 visa should be aware that they will be treated as new PEZA 47 visa applicants.
Duran & Duran-Schulze Law Can Help!
Documentation Assistance
We assist our clients in preparing and compiling the required documents for their PEZA 47 Visa application. This may include drafting and reviewing application forms, employment contracts, business plans, and other supporting documents required by the Philippine Economic Zone Authority (PEZA) and other relevant government agencies.
Navigate Legal Complexities
Immigration law can be complex, and navigating the visa application process may involve dealing with various legal intricacies. In this matter, our legal team provides clarity and guidance to our clients, and help them understand their rights and obligations under the law.
Address Concerns and Questions
Duran & Duran-Schulze Law provides ongoing support and communication throughout the visa application process, keeping our clients informed of any updates and addressing any concerns or questions that may arise.
Need further information and assistance regarding Philippine Economic Zone Authority (PEZA 47) Visa? Talk to our team at Duran & Duran-Schulze Law to know more about the requirements and process. Call us today at (+632) 8478 5826 or +63 917 194 0482, or send an email to info@duranschulze.com for more information.
