March 20, 1998
BSP CIRCULAR LETTER
| TO | : | All Authorized Agent Banks (AABs) |
| SUBJECT | : | Bangko Sentral Registration Document (BSRD) and Bank Certification of Inward Remittance (CIR) of Foreign Exchange for Special Investor's Resident Visa (SIRV) Applicants |
For purposes of compliance with the requirement for inward remittance of foreign exchange for issuance of SIRV, AABs shall duly accomplish Item I (CIR) of the attached BSRD form in the issuance of subject CIR.
The original of the form with Item I (CIR) duly accomplished and notarized shall be submitted by the applicant to the One-Stop Action Center — Board of Investments (OSAC-BOI) at the BOI Building, Gil J. Puyat Avenue, Makati City, copy to be immediately furnished by the bank concerned to the Direct Equity Investment Division of the Foreign Exchange Department (FED), this Bank, either by Fax or personal delivery.
The foreign investment funded by the foreign exchange under said bank CIR, if eligible under existing BSP rules, shall be registered by the BSP thru the Deputy Director, FED or higher-ranked BSP Officer who shall sign at the designated space...
