11 accomplished by a licensed physician from the applicant's place of origin, including AIDS Test, duly authenticated by the Philippine Embassy/Consulate posted there or PRA Medical Certificate (RSSC Form No.
The pre-evaluation of the application is made by the Philippine Retirement Authority where applications are filed.
The approval of your application will come from the Bureau of Immigration. The dollar deposit may be converted into peso after 30 days upon issuance of the Special Resident Retiree's Visa (SRRV). Is the dollar deposit convertible to other currency? Natural-born former Filipinos whose SRRV has been issued may own/acquire a maximum area of 5,000 square meters of urban land and three (3) hectares of agricultural land. If he or she is legally married to a Philippine citizen, he or she may construct a residential unit on a parcel of land owned and/or registered in the name of Philippine spouse. PRA members who are holders of valid SRRV are exempted from paying travel tax provided they have not stayed in the Philippines for more than one year from the date of last entry into the country.Ĭan SRRV holder own real property in the Philippines? The holder of the SRRV may reside in the Philippines without securing extensions of his stay from the Bureau of Immigration.Īre SRRV holders exempted from Travel Tax? This does not apply to former Filipino Citizens.
The said time deposit however, is subject the same and conditions with that of the principal deposit. A resident retiree can bring with him, without additional deposit, his spouse and child who is unmarried and below 21 years old or if the spouse is not joining, two(2) children (provided they are unmarried and under 21 years of age.) Additional children with the same qualifications may also be allowed to join the principal retiree provided there is an additional deposit of US$15,000.00 per child. Ambassadors of Foreign Countries who served and retired in the Philippines, current and former staff members of international organizations including ADB (at least 50 years old) - US$1,500.00ģ.Former Filipino Citizens (at least 35 years old, regardless of the number of dependents - US$1,500.00).50 years old and above - US$20,000.00 time deposit.
#APPILY RETIRED PLUS#
With Pension - 50 years old and above - the required time deposit is US$10,000.00 plus a monthly pension of US$800.00 for a single applicant and US$1,000 for couple. Retirement Option and their Required Time Depositġ. Who may apply for Special Retiree's Resident Visa (SRRV)?Ī retiree who applies for a Special Resident Retiree Visa (SRRV) has the option to enroll to the program based from his retirement status. It entitles the holder to multiple-entry privileges with the right to stay permanently/indefinitely in the Philippines. The Special Resident Retiree's Visa (SRRV) is issued by the Bureau of Immigration (BI) of the Republic of the Philippines under the Retirement Program of the Philippine Retirement Authority (PRA) to foreigners and overseas Filipinos.