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- The Deposit may be withdrawn when the SRRV Visa is canceled.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.
- 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