Special Retirement Retiree’s Visa ( SRRVisa )

WHAT IS THE SRRVisa?

The Special Resident Retiree’s Visa (SRRVisa) is a special non-immigrant resident visa that provides its holders with multiple-entry and indefinite stay status in the Philippines.

It also grants Tax-Free incentives and privileges as well as value-added services and benefits that they can avail of from our partner establishments such as hotels, resorts, retirement facilities, and restaurants.

It is a “lifestyle” visa for those who enjoy perks and privileges, a “hassle-free” visa for the frequent business traveler, and a “retirement visa” for the elderly who need special care for their special needs.

SRRVisa Benefits and Features

You can live here!

The option to reside permanently…or for as long as you want!

Our Special non-immigrant visa gives you the right to have another home away from home

The SRRVisa provides you with Multiple-Entry Privileges

Allowing you to go in or out of the country – anytime at any Philippine port of entry

–   The SRRVisa exempts you from securing the Exit & Re-Entry Clearances from the Bureau of Immigration

Makes your “Multiple-entry” status more convenient and comfortable and likewise beneficial for businessman and frequent travelers

No need for Travel Taxes!

Exemption from Travel Tax, provided that the SRRVisa holder has not stayed in the Philippines for more than a year from date of last entry

Business and Pleasure

You can work here…

Upon issuance of the Alien Employment Permit (AEP), to which PRA can assist you!

…Or start your own business!

Convert your deposit into an active investment!

New Home for your Family

SRRVisa entitles you to bring two (2) of your dependents

Possibly your spouse and a child, 20 years of age and below, and unmarried, without having to remit an additional dollar investment

Easy access to Quality Education for your Children

With SRRVisa, no need for a Special Study Permit or Student’s Visa!

Build your very own Home!

With your deposit, you can purchase and own your condominium unit or lease a parcel of land anywhere in the Philippines.

Bring your belongings to your new home!

Tax-free importation of household goods/personal effects worth US$7,000.00 (i.e, Furniture and Appliances)

Other SRRVisa Features

Conversion of your Time Deposit Requirements into Active Investment

Convert your Time Dollar Deposit into Philippine Peso Time Deposit or Euro Money after the issuance of the SRRVisa

Get your money back!

Guaranteed repatriation of the Dollar Time Deposit once the visa holder withdraws from the Program.

REQUIREMENTS

All requirements shall be submitted to the Philippine Retirement Authority office at:

PHILIPPINE RETIREMENT AUTHORITY

29th Floor Citibank Tower

8741 Paseo de Roxas, 1207 Makati City

PHILIPPINES

PRINCIPAL APPLICANT

1. Duly accomplished Philippine Retirement Authority Application Form

2. Original Passport with Valid Entry Status (i.e. Tourist Visa)

For Applicants holding other types of visa, please downgrade your existing visa to Tourist Visa before applying to the program.

3. Medical Examination Clearance

Can be obtained from any local licensed physician in the Philippines or from a PRA-accredited clinic in Manila – you may also choose to have the medical examination done in your home country provided that it has an English translation (if necessary) then duly authenticated at the Philippine Embassy or Consulate nearest you.

4. National Bureau of Investigation (NBI) Clearance from the Philippines or police clearance from the applicant’s country of origin

Police Clearance obtained in your home country must include an English translation (if necessary) and duly authenticated at the Philippine Embassy or Consulate  nearest you.

5. 6 copies of 1″x1″ and 6 copies 2″x2″ pictures

6. Bank Certification of Dollar Time Deposit – Inward Remittance to PRA Accredited Banks 

Required Dollar Time Deposit:

a. 35 – 49 years old                       = US$ 75,000.00

b. 50 years old and above  = US$ 50,000.00

Special Reduced Deposit

c.  Former Filipino citizens            = US$ 1,500.00 (at least

35 years old; regardless of

the number of dependents)

d. Retired ADB employees*:

i. US$ 25,000.00 (50 years and above)

ii. US$ 50,000.00 (below 50 years old)

e. Retired Ambassadors of foreign countries who served in the Philippines = US$ 1,500.00

f. Retired military personnel (and members of the diplomatic corps below Ambassador level) = US$ 50,000.00

g. Additional Dependent (in excess of two) = additional US$ 15,000.00 each (except Former Filipinos)

*Note: For ADB retirees, the balance of US$ 25,000.00 may be filled in   with a pre-existing investment in real property in the Philippines.

7. Fees (One-time only):

a. US$1,500.00 processing and service fee

b. US$10.00 Annual PRA ID Card fee (waived for the first year)

SPOUSE

1. Duly accomplished Philippine Retirement Authority Application Form

2. Original Passport with Valid Entry Status (i.e. Tourist Visa)

For Applicants holding other types of visa, please downgrade your existing visa to Tourist Visa before applying to the program..

3. Medical Examination Clearance

Can be obtained from any local licensed physician in the Philippines or from a PRA-accredited clinic in Manila – you may also choose to have the medical examination done in your home country provided that it has an English translation (if necessary) then duly authenticated at the Philippine Embassy or Consulate nearest you.

4. National Bureau of Investigation (NBI) Clearance from the Philippines or police clearance from the applicant’s country of origin

Police Clearance obtained in your home country must include an English translation (if necessary) and duly authenticated at the Philippine Embassy or Consulate nearest you.

5. 6 copies of 1″x1″ and 6 copies 2″x2″ pictures

6. Marriage Certificate**

7. Fees (One-time only):

a. US$300.00 processing and service fee

b. US$10.00 Annual PRA ID Card fee (waived for the first year)

DEPENDENT/S

1. Duly accomplished Philippine Retirement Authority Application Form

2. Original Passport with Valid Entry Status (i.e. Tourist Visa)

For Applicants holding other types of visa, please downgrade your existing visa to Tourist Visa before applying to the program.

3. Medical Examination Clearance

Can be obtained from any local licensed physician in the Philippines or from a PRA-accredited clinic in Manila – you may also choose to have the medical examination done in your home country provided that it has an English translation (if necessary) then duly authenticated at the Philippine Embassy or Consulate nearest you.

4. National Bureau of Investigation (NBI) Clearance from the Philippines or police clearance from the applicant’s country of origin

Police Clearance obtained in your home country must include an English translation (if necessary) and duly authenticated at the Philippine Embassy or Consulate nearest you.

5. 6 copies of 1″x1″ and 6 copies 2″x2″ pictures

6. Birth Certificate**

7. Fees (One-time only):

a. US$300.00 processing and service fee

b. US$10.00 Annual PRA ID Card fee (waived for the first year)

For further details, please check the website of Philippine Retirement Authority.

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Thank you.

robert
Robert G. Sarmiento Properties
Professional Affiliation :
Philippine Association of Real Estate Boards
Member, City of  Taguig Real Estate Board 2016 – 2017
Real Estate Broker’s Association of the Philippines 2000-2015
President, Greenhills Chapter 2008, 2009
Philippine Association of Real Estate Brokers
San Juan Mandaluyong Chapter 1998, 1999
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