Special Resident Retiree’s Visa (SRRV) in Philippines
The SRRV program of the PRA requires the foreign national to have a certain amount of deposit in any PRA-accredited bank in the Philippines. The amount has to be deposited via inward remittance.
There are different SRRV Programs available. The amount of bank deposit requirement depends on the program being applied for. Any foreigner, who is at least Fifty (50) years of age, is eligible to apply for an SRRV provided they meet at least one of the SRRV programs’ requirements. The applicant may be joined by his dependents, who can be his/her spouse and/or his unmarried children under 21 years old. The number of dependents to be included in the application may vary from the amount of required deposit and may be subject to the conditions of the program.
The deposit may be converted into an active investment. The total amount of investment must be at least US$50,000 for conversion to be allowed. There are programs which only allow qualified retirees to convert their time deposit into active investments after a holding period of thirty (30) days from the date of SRRV issuance. He can choose to invest their deposit through the following means:
Purchase, acquisition, and ownership of a condominium unit;Long-term lease of house and lot, condominium or townhouse for a period not shorter than twenty (20) years; orPurchase, acquisition, and ownership of golf or country club shares.The SRRV holder will be exempted from securing an Alien Certificate Registration Identity Card (ACR I-Card). Such general requirement by the BI is replaced with a PRA Membership Identity Card.
1. 9G Working Visa（1-3Years）2. 13A / TRV Spousal Visa- married to a Filipino citizen3. Downgrading of Visa 4. Tourist Visa Extension 5. Alien Employment Permit (AEP) / Special Working Permit (SWP)6. Inclusion of dependent Spouse and unmarried child7. Emigration Clearance Certificate (ECC)8. Cancellation /Apply of Alien Employment Permit replacement (loss AEP)9. Cancellation of CEZA Working Visa (CWV)10. Cancellation of 9G Working Visa (9G)11.Special Resident Retiree’s Visa (SRRV) SIRV ASRV 12. Quota Visa13. Overstay MR14. Lifting of Blacklist(BL) and Hold Departure Order (HDO)15. Order To Leave (OTL) & other Immigration related concern!
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