REPUBLIC ACT NO. 1393 - AN ACT TO FACILITATE THE ENTRY INTO THE PHILIPPINES AS INTERNATIONAL TRADERS OF NATIONALS OF THE UNITED STATES.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Upon a basis of reciprocity, a national of the United States and the spouse and children of any such national, if accompanying or following to join him, may, if otherwise eligible for a visa and if otherwise under Commonwealth Act Numbered Six hundred thirteen, otherwise known as the Philippine Immigration Act of Nineteen hundred forty, as amended, be considered to be classifiable as a non-immigrant under section nine ( d ) of said Act if entering ( a ) solely to carry on substantial trade principally between the Philippines and the United States, or ( b ) solely to develop and direct the operations of an enterprise in which he has invested, or of an enterprise in which he is actively in the process of investing, a substantial amount of capital.

SEC. 2. This Act shall take effect upon its approval.

Approved, August 29, 1955.