What are the requirements of the Philippine SRRV for age? How much is the fee for a retirement immigrant visa?

The Philippines is now a place of choice for many overseas investors. One of the reasons is because of the extremely cost-effective green card. As we all know, the cheapest country in the world is immigrant investment, which only costs 20,000 US dollars to obtain the local long-term residence right. No need to provide is the source of funds, there is no voice and academic restrictions, in the past as long as the age of 35 can apply. Moreover, the process is relatively simple. It only takes 1-2 months to complete the process. One person applying for a family of three can obtain the second overseas status and enjoy the local advantages and benefits.

This kind of visa is the famous Philippine special retirement immigrant visa. The full name is Special Retiree Residence Visa. Many people call it SRRV retirement visa, which can also be called pension immigrant visa. Retirement visas are processed by the Philippine Retirement and Immigration Agency. The immigration policy was introduced in 1985 to attract more foreigners to invest in the Philippines and promote its economic and social development.

However, this special retirement immigrant visa SRRV, which is loved all over the world, was suspended in March last year until it was reopened in early June 21! According to official sources in the Philippines, the Philippine Retirement Agency has made a decision to restore the SRRV application process for applicants aged 50 and above in accordance with the latest Resolution No. 4.

Generally speaking, foreigners who choose to immigrate to the Philippines are divided into three situations:

1. People with children's educational needs

International schools in the Philippines have a pure American English atmosphere, the quality of education in European and American countries, and the lowest education cost in Southeast Asian countries. The advantage of immersion language atmosphere is convenient to apply for further study in well-known universities in Europe and the United States. The application pass rate is high, and the Philippine International School is used as a springboard for famous universities in Europe and the United States.

2. People who need recuperation and old-age care

The Philippines has a beautiful environment and the temperature has not changed all the year round. Now it is one of the places where many elderly people live for the elderly. The living standard is equivalent to that of the third and fourth tier cities in China. For those who need recuperation, they can also invite live-in nannies to take care of their lives and family nurses for daily care, and enjoy cost-effective medical care services.

3. People with special needs for overseas asset allocation and overseas identity planning

Non-CRS countries, can open overseas bank accounts. Start-up enterprises enjoy tax incentives to facilitate the development of overseas markets. Family PLAN B, convenient to transfer to a third country, transit travel.

So what are the retirement immigration conditions?

(1) Deposit US $20,000 to the designated account of the Retirement Department (20,000 yuan is enough for a family of three, and the fourth person needs an increase of US $15,000);

(2) Preparation 1400 360 = US $1760 for handling fees. According to the real-time exchange rate conversion on that day, an extra US $360 will be paid for each additional person;

(3) At least 50 years old, no criminal record, meet health standards, meet investment requirements.

After the reopening of P.S., only 1-year cards are now issued.

Information required:

(1) Crime-free double certification (Philippine Embassy of the Ministry of Foreign Affairs of China);

(2) Medical examination report of designated institution;

(3) the original passport visa page (travel visa 9A, can be successfully processed, if it is a 9G work visa, need to be reduced to 9A can be processed)

(4) 12 2*2 white color photos (family members need to provide double authentication of kinship with the main applicant for handling together, members must provide double authentication of no crime when they reach the age of 18, and everyone needs to prepare photos)

Duration: 1 month to get the card

The above are the detailed procedures and advantages of Philippine retired immigrant visa processing. If you still have any questions, you can consult our online customer service of Yiyou International. We will give you detailed answers. Yiyou International can help you solve all problems in the Philippines.