Have you been planning your retirement?
What is SRRV?
The Special Resident Retiree’s Visa (SRRV) is a special non-immigrant visa for foreign nationals who would like to make the Philippines their second home or investment destination.
Benefits of SRRV:
1. Indefinite stay with multiple-entry/exit privileges;
2. Exemption from:
• Philippine Bureau of Immigration ACR-I Card (Annual Report)
• Customs duties & taxes for one time importation of household goods & personal effects worth up to US$7,000.00 Tax from pensions & annuities
• Travel Tax, if retiree has not stayed in the Philippines for more than 1 year from last date of entry
• Student Visa/Study Permit
3. Access to the Greet & Assist Program at selected Philippine airports;
4. Free subscription to the PRA Newsletter;
5. Discount privileges from PRA accredited Merchant Partners;
6. Free assistance in transacting with other government agencies;
7. Entitlement to PHILHEALTH benefits & privileges
What are the types of Special Resident Retirement Visa
or SRR Visa?
For active/healthy retirees, who opt to maintain their SRR Visa deposit of US$20,000.00 in any of the PRA Accredited Banks.
For active/healthy retirees, who opt to use their SRR Visa deposit into active investment such as the purchase of condominium unit or long term lease of house & lot. The SRR Visa deposit is: US$ 10,000-20,000.
For ailing retirees, who need/require medical/clinical care. A monthly pension of at least US$1,500.00, a health insurance policy accepted in the Philippines, and an SRR Visa deposit of US$10,000.00 are required.
Courtesy: For former Filipinos. For foreign nationals, who are retired officers of International Organizations recognized by the DFA, deposit US$1,500.00
Expanded Courtesy: For foreign nationals, retired Armed Force officers of the USA. Monthly pension of at least US$1,000.00, deposit of US$1,500.00.
- SRRV application form. SRRV Application form must be duly filled and content must be type written.
- Medical Certificate. Maybe secured from the country of origin. Document must be translated to English, and must be apostilled where the Certificate was issued. Applicant may opt to secure the Medical Certificate in the Philippines from any licensed physician/clinic/hospital. If the certificate has been secured in the Philippines, there is no need for any apostille. A Medical Certificate is only valid within 6 months from the date it was secured.
- Police Clearance. Applicant must obtain police clearance from origin country or country of residence. Police Clearance Certificate must be in English language, must be apostilled where it was issued, and with 6 months validity.
- NBI Clearance. NBI (National Bureau of Investigation) clearance is Philippine document. Applicant may obtain an NBI clearance after his 30-day-stay in Philippines from date of entry. NBI clearance certificate validity is 6-12months from date of issuance. An NBI clearance is not a substitute for apostilled police clearance.
- Bank Certification from PRA Accredited Bank. The amount of the Visa deposit depends on the SRRV option that the applicant has chosen. In cases that an applicant will be joined by more than two (2) dependents, an additional visa deposit of US$15,000.00 for each additional dependent must be remitted under the name of the Principal applicant, except for former Filipinos under the SRRV Courtesy.
- Original Passport with entry stamp in Philippines. An applicant whether Principal or dependent MUST BE in the Philippines during the processing of the SRRV application, with a Temporary Visitor’s Visa (or Tourist Visa) valid for at least 20 working days in order for PRA and the Bureau of Immigration to accept the application for the SRRV. If Tourist Visa is less than 20 working days, the applicant must have it extended (with additional cost to the retiree which must be paid to the Bureau of Immigration). Other visas, except for the Balikbayan Visa which is issued to former Filipinos and their dependents, must be downgraded to a Temporary Visitor’s Visa.
- ID Photo. 12pcs of 2×2 size photo in white background & without eyeglasses.
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