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Special Resident Retirement Visa (SRRV)

The Special Resident Retirement Visa (SRRV) is a retirement visa for foreign nationals.

Benefits:
Option to Retire Permanently
• You may live, work and study in the Philippines

Multiple Entry Privileges
• You may travel outside the Philippines and re-enter anytime

Exemptions from:
• Income tax over your pension and annuities
• Exit and re-entry permits of the Bureau of Immigration
• Annual registration requirement of the Bureau of Immigration
• Customs Duties and Taxes with regard to the importation of household goods and personal effects up to US$7,000.00
• Travel tax, if you stay in the Philippines is less than one year from the last entry date
• I-Card

As an SRR Visa holder, the PRA can assist you in obtaining basic documents from other government agencies. These include, but are not limited to:
• Alien Employment Permit
• Driver’s License
• Tax Exemption/Extension Certificate
• Tax Identification Number
• National Bureau of Investigation (NBI) Clearance

There are 4 options for the SRRV:

• SRRV Smile
• SRRV Classic
• SRRV Courtesy/Expanded Courtesy
• SRRV Human Touch

1. SRRV Smile:
For active and healthy retirees.

• Age requirements – 35 years old and above.
• Visa Bank Deposit – $20,000 (USD)
• Convertibility of Visa Deposit: Must be maintained with the PRA Designated/Accredited Bank and may only be withdrawn upon cancellation of the SRRV or to satisfy end of terms needs or catastrophic obligations.

2. SRRV Classic:
For active and healthy retirees.

• Age requirements – 35 years old and above.
• Visa Bank Deposit:
  • Ages 35 – 49 years old: $50,000 (USD)
  • Ages 50 and above:
    • With Pension: $10,000 (USD)
    • Without Pension: $20,000 (USD)
• Convertibility of Visa Deposit:
  • May be used for investment/s in RFO Real Estate Properties.
  • Investment value must be at least US$50,000.00
• Additional Documentary Requirements:
  • Certficate of Retirement Benefits, equivalent to at least US$800/month (single applicant) or US$1,000/month (couple).
  • Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

3. SRRV Courtesy / Expanded Courtesy:
This Visa is for Former Filipinos and Diplomats. You can read more about this one at the PRA website if it applies to you.
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4. SRRV Human Touch:**
For ailing retirees.

• Age requirements: 35 years old and above.
• Visa Bank Deposit: $10,000 (USD)
• Convertibility of Visa Deposit: Must be maintained with the PRA Designated/Accredited Bank and may only be withdrawn upon cancellation of the SRRV or to satisfy end of terms needs or catastrophic obligations.
• Additional Documentary Requirements:
  • Medical Certificate showing pre-existing medical condition;
  • Certificate of Retirement Benefits, equivalent to at least US$1,500; and
  • Health Insurance Policy acceptable in the Philippines.
  • Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

Cost: Application fee of $1,400 (USD) with the PRA. (This is not part of the Bank deposits/investments that need to be made to qualify.)

To Apply: PRA Online Application.

For more information please visit PFA Website or ask our community on the Dumaguete Info Forums.