BBM backs nomad visa issuance to boost tourism

President Marcos has backed a proposal to issue nomad visas to attract long-term foreign visitors to the country.

- HELEN FLORES

A nomad visa allows the holder to live in the Philippines for a prolonged period while working remotely for an office or employer in another country.

During a meeting at Malacañang on Wednesday, members of the Private Sector Advisory Council for Tourism (PSAC-Tourism) urged the President to issue immediately an executive order to allow the issuance of nomad or remote work visas without tax incentives, which can be added once a related bill is passed.

“PBBM supports this interim solution and has directed the Office of the Executive Secretary to draft the EO for the initiative,” PSAC-Tourism said in a statement on Friday.

“We need to issue nomad visas quickly to attract long-stay tourists,” said PSACTourism member LT Group president and chief executive officer Lucio Tan III.