Complete guide to the special visa for offshore banking unit employees in the Philippines.
The Special Visa for Employees of Offshore Banking Units (SEVOBU) is a special residence visa for foreign employees working in offshore banking units (OBU) authorized by the Bangko Sentral ng Pilipinas (BSP).
Specialized banking units
Authorized activities
Reserved for employees of OBUs authorized by the Bangko Sentral ng Pilipinas.
Valid offshore banking unit license
Approved by Bangko Sentral
Compliance with banking regulations
Justified need for foreign expertise
Operations in the Philippines
Function in the offshore unit
Banking/financial expertise
Minimum 3 years in the sector
According to OBU standards
Clean criminal record
Total estimated: 3,800-6,800 USD for the first year
Timeline: 3-6 months depending on file complexity and OBU verification.
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