Timson Immigration
 
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Special Resident Retiree's Visa
 
 
1. Introduction
 
The Special Resident Retiree’s Visa (SRRV) is a special non-immigrant visa for foreign nationals who would like to make the Philippines their second home or investment destination.
 
 
2. SRRV Options
 
The Philippine Retirement Authority has developed SRRV (Special Resident Retiree's Visa) options based on the individual circumstances of applicants. These include the SRRV SMILE and SRRV CLASSIC visas for healthy and active retirees aged 50 and above, the SRRV HUMAN TOUCH for retirees aged 50 and above requiring medical/clinical care, and the SRRV COURTESY and SRRV EXPANDED COURTESY for former Filipinos.
 
a.    SRRV SMILE
 
For active/healthy retirees, who opt to maintain their SRR Visa deposit of US$20,000.00 in any of the PRA Accredited Banks.
 
b.    SRRV CLASSIC
 
For active/healthy retirees, who opt to use their SRR Visa deposit into active investment such as the purchase of condominium unit* or long term lease of house & lot. The SRR Visa deposit is as follows:
  •      50 years old & above: US$ 10,000.00 (with a pension)**                                                                                                           US$ 20,000.00 (without pension)
 
      *The value of the property must at least be US$50,000.00
      **Required pension of at least US$ 800 for single / US$1,000 for couple
 
 c.     SRRV HUMAN TOUCH
 
For ailing retirees, 50 years old & above, who need/require medical/clinical care. A monthly pension of at least US$1,500.00, a health insurance policy accepted in the Philippines, and an SRR Visa deposit of US$10,000.00 are required.
 
 
3. Application Requirements
 
  • Original valid Passport with valid /updated Temporary Visitor’s Visa;
  • Accomplished PRA Application Form
  • Original valid Medical Clearance;
  • Original valid Police Clearance from country of origin, and an additional NBI Clearance, if applicant has stayed in the Philippines for over 30 days from last date of entry;
  • Photos (8 pieces, 2″x2″);
  • SRR Visa deposit that is inwardly remitted;
  • Fees
Processing/Service (one-time)
US$1,400.00 Principal applicant
US$ 300.00 Dependent applicant
Annual Fee of US$360.00 (for the Principal & 2 dependents)
  • Marriage Certificate for joining dependent-spouse
  • Birth Certificate for joining dependent-child.
 
 
4. Benefit
 
  • Overseas Chinese Status: Overseas Chinese students and investors returning to their home country can enjoy policy benefits according to the law.
  • Convenient Transportation: Manila, the capital of the Philippines, can be reached directly from Beijing within 4 hours. There are also direct flights from Guangzhou, Xiamen, Shanghai, and Hong Kong to Manila, Philippines.
  • Pleasant Environment: The Philippines has a population of 80 million and abundant natural resources. It is a developing country full of business opportunities. The natural environment is beautiful, with thousands of islands, and the local people are warm, hospitable, friendly, and kind. It is a great choice for retirement and leisurely living.
 
 
5. The obligations of SRRV holders
 
 
  • Annual Identity Card Renewal: Retirees can request a three-year validity identity card, provided they submit a signed declaration stating that they will not withdraw the required deposit during the specified period.
  • Payment of Annual Stay Fee: If the required deposit is converted into active investments, retirees must pay the annual stay fee and submit the designated documents.
  • Notification of Personal Information Changes: This includes updating address, phone numbers, and email addresses.
  • Cancellation of SRRV : Retirees must provide a notice of cancellation of the retirement visa to the Philippine Retirement Authority at least 30 days in advance.