Foreign entrepreneurs are ubiquitous especially in Binondo, Divisoria, Baclaran, and Greenhills. Unfortunately, many of them commit violations such as non-issuance of official receipts, non-payment of taxes, and even sale of smuggled or illegal products.
The Philippine Retirement Authority recorded more than 27,000 foreign nationals coming from 107 countries that hold Special Resident Retiree’s visa or SRR Visa in the Philippines. It is meant to be used by foreigners who want to retire in the country but some of them use the visa to stay inside Philippine territories and operate their businesses.
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