Aliens given 60 days to fix their visa. Bi

People like this are why countries like Thailand are requiring foreigners prove they have enough money to live long term and follow all the immigration laws. They really don't bring much to the country and their inability/unwillingness to follow immigration law makes the rest of us look bad. I think eventually the Philippines will follow suit and reduce tourist visa extensions and/or force long term tourists/immigrants prove they have the financial means to obey the law and live without becoming a burden to the country (I think the same should apply to every immigrant in every country in most circumstances). P

I think it is a great idea (though I'm not too keen on it if they require it be in a Philippines bank since the PDIC wouldn't cover the amount they would likely be looking to see). It would get rid of the trash and low life that bring absolutely nothing to the Philippines.

 

I believe currently the minimum balance for 35-50 years of age on a retirement visa is $50k. If a bank goes t*ts up you are out $40k. They can't even insure the current required amount. Their banking system is a joke for the well off and 10k USD is a laughable amount to insure. That's not even a monthly paycheck for an upper middle class Westerner/family. I understand and agree that they should force expats to have to prove they are financially competent...but a financially competent expat wouldn't put any money in a bank without insurance. Btw, PDIC is P500k, not even 10k USD.

The retirement visa isn't for me anyways. I would go investment visa if I were to go the permanent resident visa route.

 

Well, they break the law by not renewing their visas and can rack up bills and debt to individuals and businesses that didn't know their financial situation (no credit checks for foreigners). These types also tend to be mentally ill and break all kinds of other laws along the way.

 

Yeah, but that would get themselves into another predicament: if they could ever attract upper class expats and tourists that spent more money that would give expats and tourists far more say in how things should be done and ran in the country (if they want to keep that money rolling in) and they would have to suck up a lot of that Filipino pride and knock off that "this is how we do things here" nonsense.

However, I think the real point of any such requirement, given the current administration, would be isolationism from the international community and to reduce internal influence from foreign dollars, not to actually get rid of the trash and bring in a higher quality of tourist/expat.

 

You just have to be prior service (which I am). Time in service does not matter as long as you have an honorable discharge (which I have) but you also have to be 50 years old (which I'm not) and have a pension (which I don't).

In the US if your household makes $166k ($13.8k/month) you are in the top 5%. $50k/month puts you well into the 1% bracket. Your average doctor makes nowhere near $50k/month in income.

The top 10% make around $100k/year. Your example senior engineer is top 2% in the US.