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 transcript:

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

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)

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

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

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

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

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Dependent: Annual fees Renewal of ID Card: Visitorial Fee : (for converted deposits) US$ 1, US$ US$ % of the amount withdrawn Processing / Servicing Fees Note: Effective May 29, the minimum investment was reduced for a limited period of six months.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

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$

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

PHILIPPINE RETIREMENT AUTHORITY 29/F Citibank Tower 8741 Paseo de Roxas Makati City 1227 Philippines WEBSITE: TEL. NO.: (+632) FAX NO.: (+632) Contact Us

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