Philippine Special Retirement Residence Visa SRRV

Expatriates who moved to the Philippines join others who moved to the Philippines because of the lower cost of living during their work or retirement. Expatriates moved to the Philippines for various reasons. In some countries, the foreign population is mainly for work or retirement. Today, let's talk about the special retirement residence visa SRRV in the Philippines.

Philippine Immigration Policy:

The Philippine Special Retirement Visa (SRRV) is a permanent residence visa issued by the Philippine Immigration Bureau to foreigners and former Filipino citizens through the retirement program of the Philippine Retirement Authority (PRA). Legal citizens over 35 years old can apply for this visa by depositing in a Philippine bank.

SRRV allows the holder to enter the country for multiple times, settle permanently in the Philippines, work and other privileges, and can also be used as a third-country green card for applying for investment immigration from Hong Kong and Macau; as long as the investment money is in, the permanent residence status exists, and the fixed deposit is 20,000 US dollars., Can be withdrawn to purchase a house, and the purchase money is operated through the account of a Philippine real estate developer.

The latest policy!! The Philippine official document confirmed that from May 17, 2021, the SRRV project that had been suspended for a period of time will be restarted, but the project is currently only accepted by applicants over 50 years old.

Philippine immigration conditions:

1. The main applicant is 50 years old and above

2. No proof of crime

3. Meet health standards

Children under the age of 4.21 can sign with them.

Investment criteria

The age of the applicant is required to be over 50 years old;

Require time deposits to 20,000 US dollars to Philippine banks;

Deposits cannot be withdrawn during the period of holding an SRRV visa, or deposits can be withdrawn 30 days after obtaining an SRRV visa and purchased for Philippine real estate.

(Note: The above deposit amount is limited to a family of three, with an increase of US $15,000 for each additional person).

Advantages of Philippine Immigrants:

Application amount: minimum requirement of us $20,000

Application requirements: no source of funds, educational background, management experience, etc.

No Immigration Prison: No Immigration Prison, you can enter, exit, work and live in the Philippines

Children's education: students can receive high-quality American education without special study permit or student visa. The official language is English. The education system is high-quality American education.

Immigration Springboard: Philippine Status Green Card Can Be a Springboard for Third Country Settlement

Overseas Chinese identity: Applicants can apply for overseas Chinese status and receive preferential conditions for investment when returning to China; children can also participate in the joint examination of overseas Chinese students, and enter domestic prestigious schools with low scores.

The above is a detailed explanation of the visa for retired immigrants. If you have any questions about Philippine immigration, you can contact our online customer service. Yiyou International has a professional service team in the Philippines, which can help you go through all formalities in the Philippines.