How much does it cost to immigrate to the Philippines and how long can it take?

Immigrating to the Philippines is now a way of immigration that many people choose. On the one hand, it is to facilitate their own visas from other countries, and on the other hand, it is to allow themselves to have a new identity. Since you want to immigrate to the Philippines, you need to have a simple understanding of the basic information such as how much it costs to immigrate to the Philippines and how long it will take to do it. Which of these immigration methods is more appropriate.

What are the differences between Philippine immigration methods

At present, there are two types of immigrants in the Philippines: retired immigrants and investment immigrants. These two types of immigration are the right to obtain permanent residence in the Philippines after foreigners have invested a certain amount of money in the Philippines. Among retired immigrants, age is the dividing line. If they are over 35 years old, they can obtain permanent residence status after depositing US $20,000 in a designated bank in the Philippines. In the classic plan, people aged 35 to 49 need to deposit $50,000, while people over 50 need to deposit $20,000.

The difference between the two plans is that the deposits in the smile plan belong to time deposits, which means that this part of the money cannot be withdrawn. If it is withdrawn, it is tantamount to automatically giving up immigration status. In the classic plan, this part of the deposit can be used to invest more than US $50,000 in residential buildings in the Philippines, that is to say, it can be used when buying a house in the Philippines without being stored in the bank.

If you invest in immigrants, you can invest your money in a company that already exists in the Philippines or start a company of your own. Successful capital investment can obtain the right of permanent residence in the Philippines.

Which immigration method is more appropriate to choose

The choice of immigration mode is mainly based on personal purposes. For example, if you want to go to the Philippines to provide for the aged, it is more appropriate to choose the classic plan from the smile plan and the classic plan. After all, it is more appropriate to provide for the aged in the Philippines and invest in real estate. If you just want to get a certain immigration status, choose the smile plan to invest less. And investment immigrants are just an added value for people who want to start their own company business in the Philippines.

If you have any questions about immigration, you can choose to consult the customer service platform, which will provide you with more professional answers.