PRESIDENTIAL DECREE NO. 1893, December 13, 1983
FURTHER AMENDING PRESIDENTIAL DECREE NO. 1623 ENTITLED “AUTHORIZING THE ISSUANCE OF SPECIAL INVESTORS RESIDENT `VISAS TO ALIENS AND FOR OTHER PURPOSES,” AS AMENDED.
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. Section 1, Paragraph 4 of P.D. No. 1623, as
amended, is hereby further amended to read as follows:
“4. 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.”
SECTION 2. 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.