How High Is the Latest Policy Threshold for Philippine Retirement Immigrant Visa (SRRV)?

The full name of the Philippine special resident retirement visa is "special resident retirement's visa", which is abbreviated as srrvisa. It is divided into SRRV smile and SRRV classic. It is a non immigrant visa issued to foreigners and former Philippine citizens through the retirement program of the Philippine retirement authority (PRA), an immigration policy launched by the Philippine Immigration Bureau in 1985.
The plan aims to attract foreigners to the Philippines for investment, tourism and pension vacation, so as to promote the economic and social development of the Philippines. It can give holders the privilege of multiple entry and the right to permanently settle in the Philippines. It is known as "the world's first cost-effective green card", "the fastest immigration in the world" and "the cheapest immigration in the world", which has attracted the attention of a large number of high-end people.
In addition, what we usually hear about "Philippine special retirement visa", "Philippine retired immigrants", "SRRV visa" and so on all mean the same thing, and usually we Chinese are used to calling SRRV.

Major adjustments in the history of SRRV policy
Implemented in 1985 - lowered from 40 to 35 in 1993 - so far
SRRV type:
There are five types of Philippine SRRV retirement visas
-Smile program SRRV smile
-Classic program SRRV classic
-Medical care SRRV human touch
-Courtesy program SRRV courtesy
-Extended courtesy SRRV
However, there are only two SRRV retirement visas suitable for most people, smile program SRRV smile and classic program SRRV classic.
Timeline of SRRV policy changes in 2020:
On October 19, 2020, the Philippine parliament held a budget hearing on the Tourism Administration (DOT). As a subordinate unit of the tourism administration, the Department of retirement (PRA) unexpectedly became the focus of unanimous attack by many lawmakers. At the hearing, Senator Nancy binay took the lead in challenging the Philippine retirement authority (PRA). According to the information available to him, as of the eve of the closure of the city in 2020, the Philippines had approved a total of 70520 foreign retirees. Among these retired immigrants, applications from China topped the list, with 39.25% of the applicants from China.
On October 23, 2020, the Philippine retirement Administration (PRA) released its announcement on its official website: from now on, the acceptance of retirement immigrant visa (SRRV) for foreign retirees will be suspended because the agency is reviewing relevant retirement immigration policies.
On October 27, 2020, the Philippine retirement Administration (PRA) sent an email to the handled SRRV customers to conduct a survey. The small editor translated the questionnaire to the customers at the first time and explained the details to the customers.
On November 9, 2020, we followed up the progress of documents submitted by customers (the customers paid for the documents on October 22, and told the document process to stop the next day, waiting for the new policy to come out). Our customers are unfortunate and lucky According to the internal news, the submitted customer policy remains unchanged and will continue to follow the process when the new policy comes out. Xiaobian inquired about the new policy and learned that the policy is to fine tune "raise the age of 35 to 40 and cancel the smile plan SRRV smile". Well, Xiaobian breathed a sigh of relief when he heard this. It's OK when he is 40. If he is 50 as he said at the beginning, he will basically lose half of his job As soon as this news comes out, I want to share it with you. You want me to guarantee that it is 100% true, but I can't guarantee it. But this time, the retirement Department lying shot has been closed for internal discussion for two weeks. According to the working habits of the Philippines, it will be postponed for another week, and the new policy should be announced next week. We will wait and see.

According to Xiaobian, the immigration policies of many countries are tightening this year. Unfortunately, the Philippines has also been affected and the threshold has been raised. This identity can not be said to be very good, but it is really good enough for those in need. Since the SRRV policy was proposed to be adjusted, Xiaobian is really worried about many customers who originally planned to do it, because they plan to let their children go to school hungry; Planning to study here; Planning to do some small business here Now the policy is basically determined, and we should do it and cherish it.