what is Special Resident Retiree’s Visa (SRRV)
If you wish to settle in the Philippines and you are at least 35 years old, you may apply for a Special Resident Retiree’s Visa (SRRV).
The SRRV is granted by the Philippines Retirement Authority (PRA), and you may reside indefinitely in the Philippines with free entry and exit. Once the permit is issued you will receive a PRA ID card, that must be renewed annually.
The program comprises three categories, under which you may get your resident visa if you have a pension or you make a deposit at a local bank, or a combination of both.
Holding this visa, you may be able to work in the Philippines, as long as you get an Alien Employment Permit (AEP).
Under this program, you will also benefit from an income tax exemption over your pension and annuities, customs duties exemptions with regard to the importation of household goods and personal effects up to US$7,000, and a travel tax exemption if you stay in the Philippines less than one year from the last entry date.
Investment
SRRV Human Touch
This SRR visa category is aimed at ailing retirees. It requires you to have a monthly retirement benefit of US$1,500 and maintain a fixed US$10,000 deposit in an approved retirement account. This money must stay untouched for the totality of your stay in the Philippines, though it can be withdrawn after you leave.
Repatriation of the deposit including invested profits, capital gains and dividends accrued from investments are guaranteed, upon compliance with Bangko Sentral rules and regulations.
Deposits may be converted to Philippine Pesos (PHP) 30 days after the visa's issuance. Deposits should be made at one of the following financial institutions: Development Bank of the Philippines (DBP), Allied Bank, Philippine National Bank (PNB), Pacific Star Branch Only, Bank of China, Korea Exchange Bank, Tong Yang Bank and Unionbank.
The visa bank deposits are for the principal retiree and 1 dependent (spouse or unmarried children below 21 years old). Additional dependents are not allowed under this SRRV category.
To be eligible for Philippines naturalization, you must have resided in the country at least 10 years, not have been convicted of any crime during this period, own real estate worth not less than PHP5,000 or have a lucrative business, profession or lawful occupation, be able to speak Tagalog or English or Spanish and have enrolled your minor children in any of the public or private schools recognized by the Bureau of Public Schools of the Philippines. Additional requirements may apply.
Requirements
- Be at least 35 years old.
- Certification by PRA shortlisted bank of the requisite deposit.
- DFA Medical Examination Form No. 11 accomplished by a licensed physician from the applicant's place of origin, including AIDS Test, duly authenticated by the Philippine Embassy/Consulate posted there or PRA Medical Certificate (RSSC Form No. 002) accomplished by a licensed physician in the Philippines.
- Police Clearance, duly authenticated by the Philippine Embassy/Consulate, issued abroad or National Bureau of Investigation (NBI) Clearance, issued in the Philippines.
- Certificate of Retirement Benefits.
- Health Insurance Policy acceptable in the Philippines.
Restricted Nationalities
No nationality is officially restricted
Dual Citizenship
Dual citizenship is not recognized in Philippines. To become a citizen of Philippines, you must renounce your previous nationality.
Documents Required
- Original and photocopy of passport
- Medical Certificate
- Original Bank Reference Letter (Not older than 6 month)
- Bank Statement
- Original Police Clearance Certificate
- Six passport-size photos
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Proof of pension
- Documents certifying pensioner status
- Evidence of Health Insurance
We process:
1. 9G Working Visa（1-3Years）2. 13A / TRV Spousal Visa- married to a Filipino citizen3. Downgrading of Visa 4. Tourist Visa Extension 5. Alien Employment Permit (AEP) / Special Working Permit (SWP)6. Inclusion of dependent Spouse and unmarried child7. Emigration Clearance Certificate (ECC)8. Cancellation /Apply of Alien Employment Permit replacement (loss AEP)9. Cancellation of CEZA Working Visa (CWV)10. Cancellation of 9G Working Visa (9G)11.Special Resident Retiree’s Visa (SRRV) SIRV ASRV 12. Quota Visa13. Overstay MR14. Lifting of Blacklist(BL) and Hold Departure Order (HDO)15. Order To Leave (OTL) & other Immigration related concern!
please feel free to contact us:English inquiries ：WeChat : dpylanayon WhatsApp :+63 939 526 6731 Telegram :@Diadem_Pearl EMAIL: 998VISA@GMAIL.COM TEL:(+632) 84030023+63917 652 3432
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