Yes SRRV EXPANDED COURTESY For foreign nationals, 50 years old & above, who are retired Armed Force officers of foreign countries with existing military ties and/or agreement with the Philippine Government. A monthly pension of at least US$1,000.00 and an SRR Visa deposit of US$1,500.00 are required. The SRR Visa deposit includes the principal applicant and 2 dependents. Additional dependent, entails additional SRR Visa deposit of US$15,000 each (except for former Filipinos). CHILDREN must be legitimate or legally adopted by the Principal Retiree, unmarried and below 21 years old upon joining the program. https://pra.gov.ph/srrv/
I don't believe investments count towards the required income. It is something they will need to adjust in the future as pensions are a thing of the past, even for military personnel.
Was that done with an SRR visa, and getting the Duty free deal? You had to be present at the Port for the Customs Entry, alongside your Agent? Is the Entry easier when done the SRRV way, in the Foreigner's own name? Say instead of a 13A visa and the wife name? So many questions, like I have no clue how very detailed the inventory has to be, prepared at the time of closing the crates, etc.
There is still things to consider with the 13A: if the Foreigner becomes a widower, the 13A becomes nil if I am not mistaken. Same if the spouses live separately...
Yes I did it under the SRRV dispensation. I did not have to be present for the inspection - just signed some papers in Goetz office. I never looked at the 13A possibility. Note that if you rescind the SRRV within 7 years you would have to pay the duty on your imports.
Thank you about the "7 year" warning! Can't remember ever reading about it. Makes life very complicated, as one can't know the future... Like start life in ph with SRRV or not? What chance of a future 13A and when..... Other grey areas like if one starts with a SRRV, meeting the pension minimum at the time.. and in later years the exchange rate makes the non-US Pension to then convert to "not quite" the PRA minimum. PRA does not seem to "grandfather" for anything! Tks again
When i got my "expanded courtesy," all that is required is a DD214. You do not need to be an "officer" (not guaranteed), and you do NOT need to be "retired." I served USN for 3 yrs, got the $1500 rate. ONLY DD214 required.
