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Retiring in the Philippines Requirements

Retiring in the Philippines Requirements

Want to spend your “golden years” in the Philippines. Retiring in the Philippines Requirements shows you how to obtain a special non-immigrant visa for foreign nationals. The Special Resident Retiree’s Visa (SRRV) is your ticket to paradise.

Southeast Asian Utopia?

OK, maybe I was exaggerating regarding that “paradise” remark. Nevertheless, if you don’t mind living in a place where you’ll never shovel snow and can visit the beach virtually year-round, the Philippines is the place for you.

Plus, if you’re of the male persuasion, you’ll be surrounded by some of the most beautiful women in the world. Living on a limited budget in the Philippines is still very doable despite a rising inflation rate (5.8% this past July.)

However, aside from a 13 (a) Permanent Resident or Tourist Visa, what are your Philippines retirement options?

SRRV, Better than a Poke in the Eye?

Well, according to the Philippine Retirement Authority website, the SRRV could be better than a poke in the eye with a sharp stick. This ain’t my first rodeo, folks. I retired to the Philippines over nine years ago with my lovely Filipina wife. While my wife sponsored me for a 13 (a) Permanent Resident Visa years ago, the Special Resident Retiree’s does offer some unique advantages over  the 13 (a). 

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.

SRRV Retirement Benefits

 Here’s a snapshot of SRRV benefits per the PRA website:

  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
  1. Access to the Greet & Assist Program at selected Philippine airports;
  2. Free subscription to the PRA Newsletter;
  3. Discount privileges from PRA accredited Merchant Partners;
  4. Free assistance in transacting with other government agencies;
  5. Entitlement to PHILHEALTH benefits & privileges.

SRRV Qualifications

QUALIFICATIONS

According to the Philippine Retirement Authority, PRINCIPAL APPLICANTS, must be foreign nationals or former Filipino citizens who are at least 35 years old.

DEPENDENTS

SPOUSE must be legally married to the Principal Retiree.
CHILDREN must be legitimate or legally adopted by the Principal Retiree, unmarried and below 21 years old upon joining the program.

BASIC REQUIREMENTS

  1. Original valid Passport with valid /updated Temporary Visitor’s Visa;
  2. Accomplished PRA Application Form;
  3. Original valid Medical Clearance;
  4. Original valid Police Clearance from country of origin, and an additional NBI Clearance, if applicant has stayed in the Philippines for over 30 days from last date of entry;
  5. Photos (12 pieces, 2″x2″);
  6. SRR Visa deposit that is inwardly remitted;
  7. Fees

Processing/Service (one-time)

US$ Principal applicant

US$ 300.00 Dependent applicant

Annual Fee of US$360.00 (for the Principal & 2 dependents)

  1. Marriage Certificate for joining dependent-spouse

Birth Certificate for joining dependent-child.

Additional requirements may be requested depending on the SRR Visa Option to be chosen by the SRRV applicant.

The Medical and Police Clearances are valid up to 6 months from date of issuance.

All documents issued outside of the Philippines must be translated in English, if necessary, and authenticated by the Philippine Embassy/Consular Office nearest the applicant’s residence.

Retiring in the Philippines Additional Benefits

The SRRV is a lifetime visa and its holders are exempt from Bureau of Immigration requirements. SRRV-holders are also eligible to work, study or invest in the Philippines.

The PRA assists in securing some government documents, like driver’s licenses, National Bureau of Investigation (NBI) clearance and Alien Employment Permit (AEP), among others.

Retiring in the Philippines Requirements (SRRV)