Investment Areas (choose one of the following options)

 

  • Purchase, acquisition and ownership of a condominium unit
  • Long-term lease of house and lot, condominium or townhouse for a period not shorter than twenty five (25) years (renewable for another 25 years).

 

 

Documents required

 

  • Original valid passport with valid/updated tourist visa in the Philippines (Tourist Visa sponsored by Travel Agency/Tour Operator is NOT allowed);
  • Accomplished PRA Application Form;
  • Original  medical clearance;
  • Original police clearance from country of origin;
  • NBI Clearance (if applicant has stayed in the Philippines for more than 30 days from last date of entry prior to application of SRRV);
  • Photos (12 pieces of 2»x2»);
  • Proof of relationship for joining dependents.

Benefits

 

  • Permanent non-immigrant status with multiple-entry privileges through the Special Resident Retiree’s Visa;
  • There are no requirements concerning the number of days to be spent in the Philippines or the number of entries;
  • Exemption from customs duties and taxes for the importation of personal effects;
  • Exemption from exit clearance and re-entry permits;
  • Exemption from payment of travel tax provided the SRRV holder has not stayed in the Philippines for more than one year from the date of his last entry into the country;
  • Conversion of the requisite deposit into active investments, including purchase of a condominium unit;
  • Interest on the foreign currency deposit is tax-free and payable in Philippine Pesos;
  • Only income earned in the Philippines is taxable in the country;
  • A visa holder can receive a tax resident certificate from the Philippines;
  • Pension, annuities remitted to the Philippines are tax-free; and
  • Guaranteed repatriation of the requisites deposit including invested profits, capital gains and dividends accrued from investments;

Additional costs apply for dependents and family members and vary with the age of a person. Аn additional agent fee applies. Please contact us for a detailed quote and our fees.

 

Documents obtained/issued outside of the Philippines must be translated into English if necessary, and authenticated by the Philippine Embassy/Consulate. You will find more information on the official website of the Philippine Retirement Authority at pra.gov.ph

 

Please do not hesitate to contact us for more details.

 

General information

 

  • All foreign nationals (except those classified as restricted) who are at least 35 years old, with no derogatory record can join the SRRV Program;
  • Processing time takes seven to ten working days;
  • The SRRV is valid for as long as the retiree remains a member of good standing of the program and provided his dollar time deposit and/or investment exists in the Philippines;
  • Option of including dependents into the program;
  • The Philippines is an excellent place for foreign nationals. The country is a value-for-money destination boasting many places with low-cost living and a warm hospitality of its people.
•PHILIPPINES SPECIAL RESIDENT RETIREE’S VISA (SRRV)

The Special Resident Retiree’s Visa (“SRRV”) is a visa issued by the Bureau of Immigration through the Philippine Retirement Authority (“PRA”). The SRRV is a special non-immigrant visa that provides its holders with multiple-entry privileges and an indefinite stay in the Philippines and is especially designed for those who wish to live in the Philippines on an extended or permanent basis.

Philippines Special Resident Retiree's Visa

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Deposit investment requirements (for a Principal and two family members):

 

Without Pension:

 

  • 35 to 49 years old – USD 50,000.00 time deposit
  • 50 years old and above – USD 20,000.00 time deposit
  • Ambassadors of Foreign Countries who served and retired in the Philippines, current and former staff members of international organizations including ADB (at least 50 years old) – USD 1,500.00
  • For former/overseas Filipinos (at least 35 years old) – USD 1,500

 

 

 

With Pension:

 

  • 50 years old and above – USD 10,000.00 time deposit, plus a monthly pension of USD 800.00 for a single applicant and USD 1,000 for a couple.
Philippines Special Resident Retiree's Visa
•PHILIPPINES SPECIAL RESIDENT RETIREE’S VISA (SRRV)