Can Philippine Investment Immigrants Turn to Retirement Immigrants

According to the latest data, it is expected that the number of college graduates across the country will exceed 10.2 million in 2022 this year, and the number of postgraduate entrance examinations will exceed 4.5 million. Compared with last year, a straight-line increase of 850,000, reaching the highest level in history. In the face of the huge competitive pressure in China, many Chinese investors hope to show themselves on another platform by immigrating to the Philippines. With the shift of their focus, many Chinese investors who want to buy a house in the Philippines for a long time want to become retired immigrants, but can this wish work?

Can Philippine Investment Immigrants Turn to Retirement Immigrants

Philippine investment immigrants cannot be converted to retired immigrants. The age of applicants for the Philippine retirement immigration program was raised to 50 years of age after the epidemic, while the age of applicants for investment immigration programs is 21 years of age and under 49 years of age. Although the ages of the two immigration programs are linked to each other, due to the different authorities of the two immigration programs, the retirement immigration program is launched by the Philippine Immigration and Retirement Agency, while the investment immigration program is headed by the Philippine Investment Agency. Therefore, conversion cannot be processed.

What if you want to interrupt Filipino immigration

Interrupted Filipino immigrants here refer to immigrants who have not yet been naturalized. The process of interrupting immigration is as follows:

1. First of all, prepare the information: the original passport, the existing Philippine visa, the deposit card investment or card immigration card of the immigration category you handle, the account information of the immigration card or investment card (the card that can be refunded) and the order when applying for immigration.

2. Then you can go to the Philippine Retirement Agency/Investment Bureau to apply for a card refund. The normal processing time for individuals is one month, and it takes about half a year for money to be returned to the card. The money to apply for a refund is US dollars in the retirement card or investment card that existed at the time of previous immigration.

The above is the question and answer on the conversion of Philippine investment immigrants to retired immigrants brought by EasyGo Yiyou International. I believe you have a bottom in your mind after reading EasyGo Yiyou International's article. If you have any other questions about the Philippines, such as entry and exit, 9A travel visa, 9G work visa, etc., you can contact our online customer service. I wish you a happy life!