BOI, Security Bank sign deal to get more foreign investments

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BOI, Security Bank sign deal to get more foreign investments
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The Board of Investments accredited Security Bank Corp. as one of the depository banks for the BOI’s Special Investor’s Resident Visa (SIRV) program.

The Board of Investments, led by executive director Maria Veronica Magsino, signed a memorandum of agreement with the officials of Security Bank Corp., accrediting the latter as one of the depository banks for the BOI’s Special Investor’s Resident Visa program.

A program to attract foreign investments in the Philippines, the BOI’s SIRV program aims to increase the country’s foreign currency reserves by providing a residence visa with multiple-entry privileges in exchange for a minimum investment of $75,000 in an eligible type of business under Book V of E.O. 226, as amended.

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