Retirement - Residence Visa for the Philippines (SRRV)

General

Home
About This Site
Why in the Philippines?
First Time to the Philippines
Manila Airport
Airlines in the Philippines

Preperation

Moving to The Philippines
Fly Cheaper
Health Insurance
Where To Stay

Visa & Co

Philippine Visa Overview
Visa Extension
Balik Bayan Visa
Residence Visa (13A)
Retirement VISA (SRRV)
Visa Run
ACR-I Card Information

Finances

Banking In The Philippines
Cost Of Living
Prices In The Philippines
Working In The Philippines

Making Money Online New!

Living, Buying & Renting

Real Estate For Foreigners
Finding A House To Stay
Renting Land

Others

Travel Tax Exemption
Buying a Car
Drivers Licence
Balik Bayan
Public Holidays
Satellite & CableTV
Internet & DSL
Contact

Another way to get a permanent residence visa for the Philippines, is the Retirement Visa or SRRV Visa. This Visa does not depend on whether you are married to a Filipino citizen or not, like the 13A Visa but it is based on a money deposit in a accredited philippine bank.

The Philippines advertise this kind of visa with some advantages such as: Exemption from Customs Duties & Taxes for the importation of personal effects of up to 7000 US$, Exemption from Travel Tax, if your stay in the Philippines is no longer than 1 year, Exemption from the Immigration Exit Clearance and Re-Entry Permits, Exemption from the Immigration I Card/annual registration requirement and Exemption from securing special study permit or study visa for child/children.
Please note that the application for this visa is a very complicated and time consuming process. Don't give up!

There are basically four groups of people who may apply for the SRRV Visa:

• SRRV Classic:
  • 35 -49 years old: 50,000 US$ Deposit
  • over 50 years old without pension: 20,000 US$ Deposit
  • over 50 years old with pension: 10,000 US$ Deposit. The pension must be at least 800 US$ for a single or 1000 US$ for married couples.
  • The deposit for SRRV Classic is convertible into an investment of at least 50,000 US$
• SRRV Smile
  • 35 Years and older: 20,000 US$ Deposit
  • Deposit is not convertible into an investment and must be locked in the bank
  • The Deposit may be withdrawn when the SRRV Visa is canceled.
• SRRV Courtesy:
  • 35 years and above and a former Filipino citizen
  • 50 years and above for Ambassadors & retired Diplomats: (1500 US$ Deposit)
• SRRV Human Touch
  • 35 years and above: 10,000 US$ Deposit plus
  • pre-existing medical condition that requires medical or clinical care services
  • a pension remitted to the Philippines of at least 1500 US$

The Application Fees are the same for all 4 groups: 1400 US$ for the principal and 300 US$ for each spouse or child. This is a one time payment.

An annual PRA Fee of 360 US$ for the principal with up to two dependants. (Only 10 US$ for SRRV Courtesy) must be paid upon enrollment and every year thereafter.

Required Documents:

• Duly accomplished SRRV application form
• Original Passport with valid Entry Visa
• Medical Examination Clearance
• Police Clearance from the Country of origin
• NBI Clearance (National Bureau of Investigation)
• 12 ID pictures 2" x 2"
• Additional roof of relationship of spouse and child
• Former Filipinos only: NSO authenticated birth certificate
• Ambassadors/Diplomats: Certificate of employment