Philippine SRRV Permanent Residence Visa, the world's cheapest immigration program

The Philippine pension visa is issued to foreigners and former Filipino citizens by the Philippine Immigration Bureau through the retirement program of the Philippine Retirement Authority (PRA). It allows the holder to enter the country multiple times and choose to settle permanently in the Philippines. The full name is "Special Resident Retiree's Visa", and the abbreviation is SRRVisa.

The Philippine Retirement Immigrant Visa (SRRV) is currently the most convenient and lowest-cost family immigrant green card in the world. In order to attract foreign investment, the Philippine government has introduced a very favorable "retired immigration" policy: as long as foreigners over 50 years old have a deposit of US $20,000 (refundable) in the bank designated by the Philippine government, they can obtain permanent Philippine immigration status.

SRRV visa type

There are five types of SRRV, and there are two that are really suitable for Chinese-SRRV Classic Project and SRRV Smile Project.

1. Classic Plan-Fixed deposit of US $20,000. After completing the immigration procedures, the deposit will be taken out for investment in real estate.

One month after the applicant receives the SRRV residence card, 20,000 US dollars can be used to invest in real estate projects (you need to purchase designated existing housing projects registered with the Immigration Department, and the house price must be greater than or equal to 50,000 US dollars!)

2. Smile Plan-Fixed Deposit of US $20,000, Deposit in Identity

The US $20,000 will be remitted to the designated bank of the Philippine Retirement Agency for deposit, which cannot be withdrawn and refunded in full when the visa is canceled.

The main applicant shall meet:

1. At least 50 years of age or above

2. No criminal record

3. Meet health standards

Subsidiary applicants are required to meet:

-Spouse: must legally marry the applicant (provide a marriage certificate)

Children: must be the legal children of the applicant (with a birth certificate), unmarried and 21 years of age or younger at the time of application

SRRV visa processing fee

Application fee:

1. The application fee for the main applicant is US $1400

2. Spouse or child 300 USD/person

There are more than three people in a family, and you have to pay an extra $15000 for each additional person.

Annual examination fee:

The identity card is renewed once a year at a cost of US $360.

A family with more than three people will pay an extra $100.

What is the advantage of Philippine SRRV?

1. Freedom of Travel

Green card in hand, say go go. Holding SRRV can enter and leave, study, work and live in the Philippines permanently, and treat the same as local residents (except for political rights). The whole family is available and can live permanently in the Philippines. No other visas are required for entry and exit.

2. Retention of nationality

Without losing Chinese nationality and obtaining permanent residence status in another country, there is no need to meet any living conditions or the so-called "immigration prison".

3. The threshold is extremely low

The world's most cost-effective "permanent residence green card" project is 20,000 US dollars. Handling is extremely fast, the fastest is 10 working days.

4. The procedures are extremely convenient

There is no need to explain the source of funds, the exit mechanism is simple, and the funds can be returned in full.

5, leisure pension

The Philippines is rated as one of the "best places for the aged in the world". It has beautiful scenery, beautiful environment, warm and hospitable local people, friendly and kind. It is an excellent place for retired immigrants and leisure for the aged.

6. Overseas Education

The Philippines has a high education penetration rate, American education, English teaching, learning and low cost of living. If the children of SRRV holders plan to attend universities in the Philippines, no student visa and special study permit are required.

7, college entrance examination points

Children with this status can apply to study in an international school in China and get extra points for the college entrance examination; they can participate in the joint examination as overseas Chinese students and enjoy preferential treatment for the college entrance examination.

8. Investment preferences

Holding this status, you can invest in China as a foreign investor or overseas Chinese, and enjoy various preferential policies granted by the Chinese and local governments to foreign and overseas Chinese investment enterprises. The legitimate profits obtained by overseas Chinese, Hong Kong and Macao investors from their investments, other legitimate income and funds after liquidation may be remitted abroad in accordance with the law.