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In recent years, many people will immigrate to the Philippines through retirement immigration. On the one hand, the living environment in the Philippines is relatively comfortable, and the living consumption there is lower than that in China. Another situation is that if you immigrate to the Philippines, you can still get the status of overseas Chinese, so that your children can get certain preferential policies for studying or working in China. And immigrating to the Philippines through retirement is also a relatively simple thing, so many people are flocking to it. So here to give you a general understanding of the Philippine retirement immigration conditions.
What are the retirement immigration conditions in the Philippines
Retired immigrants are divided into two situations, one is the traditional plan, the other is the smile plan.
1. In the traditional plan, applicants aged 35 to 49 need to deposit US $50,000 in the designated bank in the Philippines, while applicants over 50 need to deposit US $20,000 in the bank established in the Philippines, so as to obtain Philippine immigration status. Moreover, the applicant can bring a spouse and an unmarried child under the age of 21. There is no need to increase the deposit. If a child under the age of 21 is added to this basis, the deposit amount must be increased and the child's birth certificate and other documents need to be provided.
2. Smile Program, applicants aged 35 and above need to deposit US $20,000 in a designated bank in the Philippines to obtain Philippine immigration status. Like traditional programs, they can bring their spouses and children. Unlike the traditional plan, the time deposit in the smile plan cannot be withdrawn. If it needs to be withdrawn, it is tantamount to automatically giving up immigration status. Deposits in traditional plans can be used to buy Philippine fixed assets.
Information needed to handle Philippine retired immigrants
A copy of the individual's valid identification, passport, etc. Personal proof of no criminal record, because they want to live in the Philippines for a long time, they need to provide relevant health examination certificates, which can be completed in the Philippines. Notary marriage certificate, and birth certificate for children under 21 years old. 12 2-inch white color photos.
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