ABOUT 27,000 foreign retirees from 107 countries have chosen, and lived in the Philippines through the Special Resident Retiree’s Visa (SRRV) of the Philippine Retirement Authority.
The SRRV allows all its foreign retiree-members to retire and live in the Philippines for as long as they want.
An SRRV holder may come in and out of the country as often as he desires, and enjoy privileges such as exemption from securing the ACR I-Card (Alien Certificate of Registration Immigration Card) from the Bureau of Immigration; exemption from paying the travel tax at the Philippine Airports; and exemption from getting a Study Permit or Student’s Visa for their dependent-children who intends to pursue education in the Philippines.
PRA retiree-members may also use health cards issued abroad in Philippine hospitals/clinics accredited by selected health card companies.
They may also avail of the one time tax-free importation of household goods/personal effects; and many more.
A Principal Retiree must be at least 35 years old to enjoy the above benefits that only SRRV holders are privileged to avail of.
Through the Philippine Retirement Authority, foreign retirees who want to make the Philippines their international retirement destination can now choose from 4 SRRV options:
1) SRRV SMILE – for active / healthy principal retirees 35 year old and above who would just like to maintain their Visa deposit of $20,000.00 in any of the PRA designated banks;
2) SRRV CLASSIC – for active / healthy principal retirees who would opt to use their Visa deposit of $10,000.00 or $20,000.00 (50 years old & above) or $50,000.00 (35 to 49 years old) to purchase condominium units or use for long term lease of house and lot;
3) SRRV COURTESY – for former Filipinos (35 years old & above), and foreign nationals (50 years old & above) who have served in the Philippines as diplomats, ambassadors, officers/staff of international organizations. The visa deposit is $1,500.00.
4) SRRV HUMAN TOUCH – for ailing principal retirees, (35 years old and above), who are shown to have medical/clinical needs and services. Under this option, the retiree only needs to have a Visa deposit of $10,000.00, a monthly pension of at least $1,500.00 and a Health Insurance Policy.
For more details about the SRRV, please check www.pra.gov.ph
Compare the SRRV with the retirement visas of other countries in our beautiful Asia-Pacific neighborhood. You will find that our SRRV is simply the best!
(Source: www.pra.gov.ph)
