What is the difference between the classic plan and the smile plan for retired immigrants in the Philippines?

A small partner left a message to EasyGo Yiyou International to find out what is the difference between the classic plan and the smile plan for retired immigrants in the Philippines. Then EasyGo Yiyou International will answer the question for everyone, hoping to help everyone.

The classic plan and the smile plan of Philippine retired immigrants are the same?

The classic plan and smile plan for retired immigrants in the Philippines have roughly but the same processing requirements. The age conditions require people over 50 years old to apply. Secondly, the conditions of physical health also need to meet the standards, and the medical examination report of the immigrant needs to be applied, as well as the personal character restriction, and the non-criminal certificate in the country needs to be shown.

What is the difference between the classic plan and the smile plan for retired immigrants in the Philippines?

The difference between the Philippine Retirement Immigration Classic Plan and the Smile Plan is the amount of funds deposited in designated banks in the Philippines and the permitted use of funds. The first is the fixed deposit fund that is needed when handling. The fixed deposit fund of the classic plan is 50,000 US dollars, and the fixed deposit fund of the smile plan is 20,000 US dollars. The 20,000 US dollars that the smile plan will deposit cannot be embezzled. If it is used, it will be canceled as an immigrant. However, the US $50,000 fixed deposit in the classic plan can be used in the Philippines to purchase real estate from developers who have cooperation with the government, and cannot be used for other investments.

What is the difference between the classic plan and the smile plan for retired immigrants in the Philippines? EasyGo Yiyou International will answer the questions here. If you have any questions, please feel free to contact our online customer service of EasyGo Yiyou International. We will definitely provide you with satisfactory solutions.