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Special Resident Retiree's Visa

Benefits |

The Information Guide to the Special Resident Retiree's Visa (SRRV) is designed as a detailed reference to assist retiree applicants in understanding the different SRRV Options, the application requirements and process, and the obligations of being a PRA retiree member.

We recommend that you take time to read the Information Guide before you start your application process.

         
SRRV OPTIONS

SRRV SMILE

For Active / Healthy Retirees

SRRV CLASSIC

For Active / Healthy Retirees

SRRV COURTESY / EXPANDED COURTESY 

For Former Filipinos / Diplomats

SRRV HUMAN TOUCH

For Ailing Retirees

         
Qualified Nationality
Any foreign national or alien who is not included in the Excluded Classes under Section 29 of the Immigration Act of 1940.
         
Age Qualification & Visa Deposits
35 Years Old & Above = US$20,000.00

35 to 49 Years Old  = US$50,000.00

50 years old and Above:

  A. With Pension = US$10,000.00

  B. Without Pension = US$20,000.00

Former Filipinos:

   35 Years old & Above = US$1,500.00

Foreign Nationals:

   50 Years old & Above = US$1,500.00

35 Years old & Above = US$10,000.00
         
Dependents

Principal may be joined by dependents (spouse and children)

Spouse - should be of legal age and the legitimate spouse of the Principal applicant.

Child - legitimate or legally adopted child by the Principal, who must be unmarried and below 21 years old.

The visa deposits are for the principal retiree and 2 dependents. An additional visa deposit of US$15,000.00 is needed for each additional dependent, in excess of two. The additional visa deposit is waived for Former Filipino citizens.

Principal may be joined by only one dependent, either by the spouse or by the child.

       
PRA Designated / Accredited Bank(s)

Development Bank of the Philippines (DBP)

Allied Bank, Philippine National Bank (PNB), Banco de Oro (Pacific Star Branch Only),

Bank of China, Korea Exchange Bank, Tong Yang Bank, Unionbank.

         
Convertibility of Deposits
* Must be maintained with the PRA Designated/Accredited Bank and may only be withdrawn upon cancellation of the SRRV or to satisfy end of terms needs or catastrophic obligations.

* May be used for investment/s in RFO Real Estate Properties;

* Investment value must be at least US$50,000.00

* May be used for investment/s in RFO Real Estate Properties;

* Investment value must be at least US$50,000.00
* Must be maintained with the PRA Designated/Accredited Bank and may only be withdrawn upon cancellation of the SRRV or to satisfy end of terms needs or catastrophic obligations.
         
Documentary Requirements

* Original of the valid Passport with valid/updated tourist visa in the Philippines (Tourist Visa sponsored by Travel Agency/Tour Operator is NOT allowed);

*  Accomplished PRA Application Form;

*  Original of the Medical Clearance;

*  Original of the Police Clearance from country of origin;

*  NBI Clearance (if applicant has stayed in the Philippines for more than 30 days from last date of entry prior to application of SRRV);

*  Photos (12 pieces of 2"x2");

*  Proof of Relationship for joining dependents.

    Documents obtained/issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy/Consulate.

         
Additional Documentary Requirements

SRRV Classic with Pension

Certficate of Retirement Benefits, equivalent to at least US$800/month (single applicant) or US$1,000/month (couple).

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

Former Filipinos

* NSO Birth Certificate or Old Philippine Passport

SRRV Courtesy

* Certificate of Employment stating position and duration of employment

SRRV Expanded Courtesy

* Certificate by the concerned agency/organization pertaining his/her achievement

* Proof of monthly pension or any other similar benefits of at least US$1,000.00

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

* Medical Certificate showing pre-existing medical condition;

* Certificate of Retirement Benefits, equivalent to at least US$1,500; and

* Health Insurance Policy acceptable in the Philippines.

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

      
Fees to be Paid upon Joining the Program

Application Fee

    Principal Applicants  US$1,400

    Dependent             US$   300 (each)

Annual Fee (PAF)        US$   360 (covers 3 family members) 

   * For more than 3 retiree members in a family, an additional PAF of US$100.00 for each additional dependent must be paid.

   * Under the SRRV Courtesy/Expanded Courtesy, the PRA Annual Fee of US$360.00 is not applicable. However, in case of more than two dependents, US$10.00 for each dependent must be paid for the issuance of the PRA ID Card.

      
 
Obligations of a Retiree Member

* To update the Authority of any changes in contact information (e.g. status name, address, telephone/fax number and email address);

* To secure an Alien Employment Permit (AEP) from the Department of Labor and Employment for purpose of employment in the Philippines;

* To renew the PRA ID Card and pay the PRA Annual Fee of US$360.00. For PRA Members under the SRRV Courtesy pay the Annual Fee of US$10.00 for each retiree member in the family.

SRRV Online Application