Heavy news! Philippine ASRV allows application for one-time permanent residence for only US $50,000

ASRV is currently the only project that allows entry into the Philippines to apply for permanent residence status: ASRV(Apeco Special Resident Visa) is a permanent residence visa specially approved by the APECO Economic Zone directly under the Philippine government. The way to obtain permanent residence status is through donations. This visa I-card only needs to be renewed once every five years.

Since the Philippine government announced that the entry visa includes ASRV, ASRV has been completely popular and has been directly called "small amnesty. What exactly is this so-called "small amnesty"? Let's meet it today.

The Philippines plans to open the entry of foreign investors on November 1, 2020.

The specific types of visas that can enter are: 47A2 issued by the Ministry of Justice, Aurora Pacific Economic Zone Free Port Authority and Subic City Authority issued visas.

Let's first meet the "Aurora Pacific Economic Zone Free Port Authority" mentioned in this news ".

What is Aurora Special Economic Zone?

Aurora Pacific Economic Zone Free Port Authority (Aurora Pacific Economic Zone and Freeport Authority), generally known as Aurora Special Economic Zone, referred to as APECO. APECO is a special project established by Act 9490 of the Republic of the Philippines (RA 9490) and Act 10083 (RA10083) to promote local economic development.

APECO aims to increase employment opportunities, improve the quality of life and environmental sustainability, and promote economic and industrial progress through the development of resort hotels, environmentally friendly energy hubs, and port and airport infrastructure.

The visas issued by APECO include ASRV, ASIRV (investment 150,000 US dollars refundable), AWV and ACE. Among them, the most suitable for foreign investors, the lowest threshold is ASRV.

What is ASRV?

Amnesty (ASRV) is a permanent residence visa specially approved by the APECO Economic Zone directly under the Philippine government. It is obtained through donations. Foreign citizens are given the right to live in the Aurora Economic Zone for at least five years.

The card needs to be updated every 5 years (only the basic cost is required)

The visa for this project has three major characteristics:

Low 1. input cost;

The 2. processing time is short;

Continuous maintenance of the 3. is simple.

ASRV strong advantages

1. Only need to be at least 18 years old, there is no other age limit

2. Visa holders can study, work, set up companies, do business, etc. in the Philippines

3. Short processing time

4. Permanent residence visa

5. The handling materials are simple, only the original passport and the Philippine certificate of no criminal record are required.

6. An unlimited number of spouses and children under the age of 21 can be added.

7. Children can participate in the joint examination of overseas Chinese students (must meet the policy requirements)

8. Free access to or departure from the Philippines

9. Visa holders may open high-interest bank accounts, apply for credit cards, purchase insurance, or apply for loans.

10. The Philippine estate tax is only 6%. If you receive a permanent residence visa in the Philippines, you can give property to the children of future generations at a low tax rate.

11. Including APECO Resort Members (Free Use of Resort Facilities)

12. Deposit US $20,000 in PRA of Philippine Retirement Immigration Bureau and US $15,000 for one more person; Or 50,000 US dollars. Among them, 20,000 US dollars cannot be converted into investment, and 50,000 US dollars can be used for house purchase, which is equivalent to house purchase immigrants.

13. Philippine passport can be applied

14. People can also handle it if they are not in the Philippines.

15. Visa-free in more than 70 countries and regions around the world

How to apply?

Required documents:

1. Philippine NBI list (required for applicants over 18 years of age)

2. Marriage double certification (with spouse)

3. Birth double certification (with children)

4. Application Form

Processing cycle: 15-20 working days

People handle the process in Philippines:

Sign the contract after payment-Philippine No Crime Certificate-Apeco Office Fingerprints-Lead Permanent Residence Blue Card and Immigration I Card!

The person is not in the non-handling process:

It can also be handled. The original passport needs to be sent to Manila. The cost will increase accordingly and the procedures will be further simplified.