Philippine Green Card: Permanent Residence Visa in the Philippines-Amnesty ASRV

From November 1, 2020, you can enter the Philippines with ASRV visa. ASRV is not well-known in our Chinese circle, but people in Japan and South Korea favor it. If you want to know about ASRV, you must first know its issuing unit - APEC special economic zone.

APEC Special Economic Zone
1) Full name
Orola Pacific Economic Zone Free Port Authority
2) English
Aurora Pacific Economic Zone and Freeport Authority
3) Abbreviation
APECO
4) Background
Aurora is a province in the northern Philippines. The environment is beautiful and there are many ancient buildings. In recent years, many Japanese and Korean tourists have been attracted to aurora for tourism and vacation. Aurora's government wants to take this opportunity to develop environment-friendly ecological energy production and free port business, so as to stimulate local economic development. Therefore, Aurora has set up a special economic zone locally, which is managed by apeco.
5) Positioning
Apeco special economic zone is established in accordance with the Republic of the Philippines Act No. 9490 (RA 9490) and Act No. 10083 (RA 10083). It aims to increase employment opportunities, improve the quality of life, environmental sustainability and promote economic and industrial progress through the development of resort hotels, environmental energy hubs, ports and airport infrastructure.
6) Explain
Since the APEC region is referred to as APEC for short, many people are easy to confuse the two institutions. It's easy to remember that there is an o behind the apeco special economic zone.
Apeco visa list
According to the announcement issued by APEC Special Economic Zone, its visas are divided into the following types:
(asiv): apeco special investment resident visa
(ASRV): apeco special resident visa
(AWV): APEC work visa
(ADV): APEC family visa
(apeco-swp): apeco special work permit
(apeco-pwp): apeco temporary work permit
One of the most suitable for foreign investors, the lowest threshold is the small amnesty (ASRV).
Minor amnesty (ASRV)
1) Issuing unit
Small amnesty (ASRV) is a permanent residence visa specially approved by the APEC Economic Zone directly under the Philippine government.
2) Issuing conditions
Issued to qualified foreigners who have established or are establishing residences in the APEC Economic Zone, whether by purchasing real estate or leasing real estate.
3) Visa benefits
The i-card of this visa is renewed once every five years, and you can obtain the legal residence right of apeco economic zone for at least five years by paying the basic production cost.
4) Visa advantages
No age limit; If you are not in the Philippines, you can apply
Visa holders can study, work, set up companies and do business in the Philippines
Short application process time
Guarantee the right to permanent residence in the Philippines
Philippine permanent immigration green card, but retains the original nationality status; You can apply for a Philippine passport after 7 years
The processing materials are simple, and only the original passport is required
Spouses and children under the age of 21 can be added, unlimited
Children can participate in the college entrance examination for overseas Chinese students (subject to policy requirements)
Free entry and exit and long-term residence at any time
Allow the use of various financial services (high interest rate bank accounts, credit cards, life insurance, securities, housing loans or car loans) to effectively manage personal assets
The Philippine estate tax is only 6%. If you get a permanent residence visa in the Philippines, you can donate your property to future generations at a low tax rate
Become a member of apeco Resort and have free accommodation and use of resort facilities
5) Application materials
Application signed by the applicant
Correctly completed apeco application form
Any document proving that the applicant has established or is establishing a place of residence in the APEC Economic Zone
Copy of passport and resume
A guarantee to obtain the permission of the National Bureau of investigation (NBI) and state that if he / she has a criminal record in NBI, he / she agrees to cancel his / her apeco visa
Immigration clearance certificate
The first batch of ASRV Yongju cards was issued on October 18, 2019, when the cardholders were Japanese investors.
Now it is difficult to handle ASRV by yourself. Generally, it is entrusted to visa agencies. The application fee and handling fee are between 2-4 million Philippine dollars, which is not cheap. The following price can be used as a reference.
If you want to develop in the Philippines for a long time, this visa is still worth applying for. According to the document issued by the Philippine retirement administration on October 23, 2020, the retirement immigration project (SRRV), which is both favored and well-known by investors, has been stopped. It is expected that the bid threshold will be raised, or the age will be raised or the amount of investment will be increased in the future.
The visa types allowed by the Philippine authorities for entry still do not include retired immigrants, and the small amnesty is impressively listed. If you need to apply for ASRV, please add Yiyou international wechat customer service to ask for relevant information.