Search
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Introduction
Overseas Filipino Workers (OFWs) have long been hailed as "modern-day heroes" for their contributions to the Philippine economy through remittances. However, the challenge of reintegrating these workers upon their return remains significant. Sustainable reintegration requires more than just welcoming ceremonies; it demands systemic changes to create a country worth returning to.
## Legislative Measures
To address the structural issues that drive Filipinos abroad, several legislative measures are proposed:
1. **Whistleblower Protection Act**: A robust law to protect those who expose corruption is essential. This would help create a transparent environment for returning OFWs looking to invest their savings.
2. **Amend the Bank Secrecy Act**: Updating this 1955 law to align with global standards would prevent corrupt officials from hiding illicit wealth, thereby fostering a more transparent financial system.
3. **Anti-Dynasty Law**: Enacting this long-overdue law would dismantle political dynasties that hinder accountability and economic growth, providing fair governance for returning OFWs.
4. **Reform Customs and BIR**: Addressing corruption in revenue agencies is crucial. This would encourage investments by ensuring that OFWs' capital is not eroded by arbitrary assessments or illicit demands.
5. **Strengthen the Ombudsman**: Enhancing the capacity of the Office of the Ombudsman to investigate and prosecute corruption would restore public trust and ensure accountability.
6. **Invest in Human Capital**: Providing retraining programs for returning OFWs would help them adapt to the domestic economy, ensuring they can leverage their skills effectively.
## Conclusion
True reintegration involves addressing the root causes of migration. It requires legislative reforms that promote good governance, transparency, and meritocracy. By implementing these changes, the Philippines can offer its citizens a viable future at home, reducing the need for migration and fostering hope for a better tomorrow.
Leave your details and get a guide as a gift to avoid mistakes
Share article