What is the difference between investment immigrants and retired immigrants in the Philippines

As a country with a monsoon tropical rain forest climate and low prices, many people in the country like to spend the winter or even provide for the aged there, so many Chinese compatriots have begun to choose to immigrate to the Philippines. If you want to immigrate to the Philippines, of course, you need to know the local immigration policy to better choose the immigration plan. then today EasyGo easy travel international will take you to distinguish between investment immigrants and retired immigrants in the Philippines.

What are the conditions for investment immigration?

If it is your personal investment immigration, then the age must be between 21 and 49 years old. The local investment must have 70,000 US dollars, which can be used to invest in local funds, stocks or local companies. What you need to know is that you need to have this money in the Philippine Investment Bureau and do an annual audit every year. The purpose is to facilitate the Philippines to understand your investment profit and loss situation, if there is a loss then the loss of funds to make up 70,000 dollars, if the profit can be taken out, as long as the account has 70,000 dollars.

What are the conditions for retired immigrants?

Retired immigrants from the Philippines can also be called old-age immigrants. You can deposit US $20,000 or US $50,000 in the designated account of the Retirement Immigration Department. Of course, you need to be 50 years old before you can apply. It should be noted here that the benefits and benefits of saving 50,000 US dollars and 20,000 US dollars are different. We call the $50,000 project a smile plan and the $20,000 project a classic plan. Among them, the US $50,000 in the smile plan can be purchased locally, while the US $20,000 in the classic plan cannot be used for investment and can only be stored in a designated account. Like investment immigrants, annual review is required.

What is the specific difference?

First of all, investment immigrants and retired immigrants have different age limits, need to save different amounts and they are not governed by the same department. Investment immigrants are managed by the Philippine Investment Bureau, while retired immigrants are managed by the Retirement Immigration Bureau. But the benefits they enjoy are the same. They can also enjoy local medical care and children's education benefits. Children can participate in the joint examination of overseas Chinese students.

Today, EasyGo Yiyou International explained the difference between investment immigrants and retired immigrants in the Philippines. If you have any questions, you can contact our customer service online.