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Special Resident Retiree Visa Smile at Life in the Philippines A Presentation By Col. Doy Francisco, Ret. Deputy General Manager.

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Presentation on theme: "Special Resident Retiree Visa Smile at Life in the Philippines A Presentation By Col. Doy Francisco, Ret. Deputy General Manager."— Presentation transcript:

1 Special Resident Retiree Visa Smile at Life in the Philippines A Presentation By Col. Doy Francisco, Ret. Deputy General Manager

2 SRRV Benefits  Multiple-entry, indefinite stay Exemptions  Exit clearance & re-entry permits  Alien Certificate of Registration (ACR)  Student Visa  Travel Tax  Customs duties and taxes  Tax on Annuities and pensions Assistance in obtaining Alien Employment Permit (AEP)

3 Who Are Qualified? Foreign nationals 35 years old and above qualify as principal applicants Spouse and children below 21 years of age qualify as dependents

4 US$ 1,500 FORMER FILIPINO CITIZENS 35 yrs & above US$ 75,000US$ 50,000 FOREIGN NATIONALS 35 to 49 yrs 50 yrs & above Required Deposit Note: Effective May 29, the minimum investment was reduced for a limited period of six months. reduced

5 Documentary Requirements PRA Application Form Original Passport with Valid Entry Medical Certificate Police or NBI Clearance Time Deposit Certification from any PRA Accredited bank of the Inward US$ Remittance 1”x1” & 2”x2” photographs (6pcs. each) Note: Marriage Contract or any similar proof of relationship for joining-spouse Birth Certificate or any similar proof of relationship for joining-dependents All documents obtained from abroad must be authenticated by the Philippine Embassy / Consular Office and translated into English if necessary

6 Purchase, acquisition and ownership of a condominium unit; Long-term lease of house and lot, condominium or townhouse which should not be for a period shorter than 20 years; Purchase, acquisition and ownership of golf or country club share/s; or Investment in shares of stocks of corporations duly registered in the Philippine Stock Exchange Areas of Investment

7 One-Time fees For Principal Applicant: For Each Dependent: Annual fees Renewal of ID Card: Visitorial Fee : (for converted deposits) US$ 1,500.00 US$ 300.00 US$ 10.00 1% of the amount withdrawn Processing / Servicing Fees Note: Effective May 29, the minimum investment was reduced for a limited period of six months. reduced

8 Look-See Visit Program SPECIAL RETIREE VISITOR’S VISA (SRVV) Single-entry Valid for 1 year Stay at any accredited retirement facility at discounted rate No requisite deposit needed Processing fee of US$ 200.00

9 Leading Accredited Banks Safety of the principal is first and foremost.

10 PHILIPPINE RETIREMENT AUTHORITY 29/F Citibank Tower 8741 Paseo de Roxas Makati City 1227 Philippines WEBSITE: www.pra.gov.ph E-MAIL: inquiry@pra.gov.ph TEL. NO.: (+632) 848.1412 FAX NO.: (+632) 848.1411 Contact Us

11 Vision of Progress for the Country “Our country will benefit a lot if the potential of the retirement industry can be harnessed.” - PGMA


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