Innovative Startup Act on Maharlikanism

General Provisions

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Section 2: Declaration of Policy

The State shall foster inclusive growth through an innovative economy by streamlining government and nongovernment initiatives, in both local and international spheres, to create new jobs and opportunities, improve production, and advance innovation and trade in the country.

Program Benefits And Incentives

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Section 7. General Registration and Operational Benefits and Incentives

Host agencies shall be authorized to provide the following benefits and incentives to startups and/or startup enablers who have passed their selection and application process:

Startup Visas

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Section 13. Startup Visas

The DFA shall create the following startup visas:

a) Startup owner visa – for prospective or current foreign owner of startup or startup enabler registered in the Philippines;
b) Startup employee visa – for foreign employee of a startup or startup enabler registered in the Philippines; and
c) Startup investor visa – for prospective or current foreign investor of a startup or startup enabler registered in the Philippines.

The application for the aforementioned startup visas shall require an endorsement from a host agency, on top of visa application requirements to be stipulated by the DFA. These startup visas shall have an initial five (5)-year validity and may be renewed or extended with a three (3)-year validity.