Special Resident Retiree’s Visa (SRRV)
If you wish to settle in The Philippines and you are at least 35 years old, you may apply for a Special Resident Retiree’s Visa (SRRV).
The SRRV is granted by the Philippines Retirement Authority (PRA), and you may reside indefinitely in the Philippines with free entry and exit. Once the permit is issued you will receive a PRA ID card, which must be renewed annually.
The program comprises three categories, under which you may get your resident visa if you have a pension or you make a deposit at a local bank, or a combination of both.
Holding this visa, you may be able to work in the Philippines, as long as you obtain an Alien Employment Permit (AEP).
Under this program, you will also benefit from an income tax exemption over your pension and annuities, customs duties exemptions with regard to the importation of household goods and personal effects up to US$7,000, and a travel tax exemption if you stay in Philippines for less than one year from the last entry date.
This SSR visa category is aimed at active and healthy retirees. It requires you to maintain a fixed US$20,000 deposit in an approved retirement account. This money must stay untouched for the totality of your stay in the Philippines, though it can be withdrawn after you leave.
Repatriation of the deposit including invested profits, capital gains and dividends accrued from investments are guaranteed, upon compliance with Bangko Sentral rules and regulations.
Deposits may be converted to Philippine Peso (PHP) after 30 days of visa issuance. Deposits should be made at one of the following financial institutions: Development Bank of the Philippines (DBP), Allied Bank, Philippine National Bank (PNB), Pacific Star Branch Only, Bank of China, Korea Exchange Bank, Tong Yang Bank and Unionbank.
The visa bank deposits are for the principal retiree and 2 dependents (spouse and unmarried children below 21 years old). An additional deposit of US$15,000 is required for each additional dependent, in excess of two.
To be eligible for Philippine naturalization, you must have resided in the country at least 10 years, not have been convicted of any crime during this period, own real estate worth not less than PHP5,000 or have a lucrative business, profession or lawful occupation, be able to speak Tagalog or English or Spanish and have enrolled your minor children in any of the public or private schools recognized by the Bureau of Public Schools of the Philippines. Additional requirements may apply.
- Be at least 35 years old.
- Certification by a PRA shortlisted bank of the requisite deposit.
- DFA Medical Examination Form No. 11 accomplished by a licensed physician from the applicant's place of origin, including AIDS Test, duly authenticated by the Philippine Embassy/Consulate posted there or PRA Medical Certificate (RSSC Form No. 002) accomplished by a licensed physician in the Philippines.
- Police Clearance, duly authenticated by the Philippine Embassy/Consulate, issued abroad or a Bureau of Investigation (NBI) Clearance, issued in the Philippines.
- Health Insurance Policy acceptable in the Philippines.
No nationality is officially restricted
Dual citizenship is not recognized in Philippines. To become a citizen of Philippines, you must renounce your previous nationality.
- Original and photocopy of passport
- Medical Certificate
- Original Bank Reference Letter (Not older than 6 month)
- Bank Statement
- Original Police Clearance Certificate
- Six passport-size photos
- Original or Certified copy of Marriage Certificate (if applicable)
- Original or Certified copy of Birth Certificate (if applicable)
- Evidence of Health Insurance
- dual citizenshipNo
- Family members includedYes
- land ownershipNo
- Physical residence requiredNo
- Personal visit requiredYes
- Language skills requiredNo
- Interview requiredNo
- Investment Single$20,000
- Investment Family 4$35,000
- Minimum annual income-
- Time to citizenship120
- Time to permanent residency
- Visa-free countries61
- Financing availableNo
How long does it take to get SRRV visa Philippines? ›
The PRA can process your retiree visa application in as little as 15-days. However, missing documents or an incorrect application form can delay your process indefinitely. The SRR Visa application is filled with paperwork and required documents.How long does it take to process SRRV? ›
Processing of SRRV application will commence only upon receipt of complete documents and payment of necessary fees. In case tourist visa expires during the process period, the cost of extension will be shouldered by the applicant/s. Minimum processing period is 20 working days.Can SRRV holder enter Philippines now? ›
The SRRV is a lifetime visa and its holders are exempt from Bureau of Immigration requirements. SRRV-holders are also eligible to work, study or invest in the Philippines.How much bank balance is required for Philippines visa? ›
The bank balance required for a Philippines visa is the minimum amount you will need in your bank to be able to apply for a visa. The Philippines embassy has set this amount to be at least $1000.How long is SRRV valid for? ›
The Medical and Police Clearances are valid up to 6 months from date of issuance. All documents issued outside of the Philippines must be translated in English, if necessary, and authenticated by the Philippine Embassy/Consular Office nearest the applicant's residence.
Application fee – principal applicant: $1,400. Application fee – dependents: $300/dependent. Annual fee – covers 3 family members: $360. Annual fee – additional dependents: $100/dependent.Can an American retire in the Philippines? ›
You are free to apply for a Philippines retirement visa through the SRRV program if: You are at least 35 years old and make a deposit of at least $50,000 in a bank account in the Philippines; or. You are at least 50 years old and have a pension.Can a US citizen live permanently in the Philippines? ›
If you wish to settle in The Philippines and you are at least 35 years old, you may apply for a Special Resident Retiree's Visa (SRRV). The SRRV is granted by the Philippines Retirement Authority (PRA), and you may reside indefinitely in the Philippines with free entry and exit.How much is retirement visa Philippines? ›
What does a retirement visa for the Philippines cost? A one-time application fee of $1,400 for a single applicant and $300 for each dependent. An annual fee of $360 (up to three family members) and $100 for each additional dependent.How much is the retirement fee in the Philippines? ›
The law states that the retirement pay is equivalent to at least 1/2-month salary for every year of service, a fraction of at least 6 months being considered as one whole year.
What are the requirements for a retirement visa? ›
- Passport with validity not less than 18 months.
- Copies of Passport biodata page.
- Completely fill out and signed Visa Application Form. ...
- Completely fill out and signed the Additional Application Form. ...
- Photographs of the applicant, taken within the past six months. (
PHILIPPINE VISA POLICY
No visa required for a stay not exceeding thirty (30) days. Traveler must hold valid ticket for return journey to country of origin or next country of destination and a passport valid for a period of at least six (6) months beyond the stay in the Philippines.
US citizens can enter the Philippines Visa on Arrival and stay in the Philippines visa-free for up to 59-days. After 59-days, US Citizens can extend their visa by 1, 2, or 6-months at a Philippine Bureau of Immigration office.What are the accredited banks for SRRV visa Philippines? ›
Remittance shall be made to your own Dollar Account in the PRA accredited banks in the Philippines such as Bank of Commerce, Banco De Oro (BDO), Philippine National Bank (PNB) & Union Bank, or PRA account in the Development Bank of the Philippines from outside of the Philippines.How do I prove I have enough money for a visa? ›
The United States government requires all international applicants to provide proof of ability to pay tuition and living expenses before the forms needed for obtaining a visa can be issued. This proof can come in the form of personal or family bank letters, bank statements, stock statements, company sponsorships, etc.How much cash can I carry to Philippines? ›
The transportation of foreign currency or monetary instruments is legal. However, the carrying of foreign currency in excess of US$10,000.00 or its equivalent in other foreign currencies must be declared to a Customs Officer or the Bangko Sentral ng Pilipinas.What US banks have branches in the Philippines? ›
The commercial banking system includes three U.S. foreign-branch banks: Citibank, which operates six full-service Citibank branches in key locations in Metro Manila and Metro Cebu; Bank of America; and JP Morgan Chase.Do I need a visa to go to the Philippines from USA? ›
TOURIST VISA REQUIRED: No (for tourist travel under 30 days).How long can a former Filipino citizen stay in the Philippines? ›
The Philippines' BALIKBAYAN PROGRAM allows a one-year visa-free stay for Filipinos working overseas and for former Filipinos who have acquired citizenship in certain countries (refer to list of countries below).Is SRRV smile suspended? ›
This scheme is for those who want to settle down and have a hassle-free retired life. The SRRV Smile visa for early retirees over age 35 is currently suspended though. Above 50 retirees can apply for the Philippines SRRV Smile.
What is the benefits of SRRV? ›
Moreover, the SRRV offers benefits which includes the exemption from the Exit Clearance, Re-Entry and Annual Registration requirements of the Bureau of Immigration, Travel Tax (provided the retiree has not stayed in the Philippines for more than a year from date of last entry) Special Study Permit, importation of ...How do I get a US retirement visa? ›
While some other countries offer foreigners retirement visas, sometimes known as silver cards, the United States does not have a retirement visa program – and has no current plans of creating one.How much is SRRV renewal fee? ›
The PRA office will check your file and provide you with instructions, including payment details for the annual renewal fee (circa USD360).Does Philippines Tax US pension? ›
The US and Philippines tax treaty provides the following as to private pension: (1) Except as provided in Article 20 (Governmental Functions), pensions and other similar remuneration paid to an individual in consideration of past employment shall be taxable by the Contracting State where the service is rendered.Where do most Americans live in Philippines? ›
Most expats in the Philippines live in the Metro Manila area, particularly in Makati City – home to many international corporations and the heart of the country's diplomatic community.Can an American citizen become a dual citizen of Philippines? ›
Natural-born Filipinos who have acquired the citizenship of another country through naturalization may retain or re-acquire their Philippine citizenship, making them dual citizens of both the Philippines and the country where they were naturalized.What is the best island to retire in the Philippines? ›
Dumaguete is the best place to live in the Philippines for expats looking for the quintessential island lifestyle, with enough modern amenities to make expat life convenient.How long can a US citizen Balikbayan stay in the Philippines? ›
Returning balikbayan may enter the Philippines without a visa and stay for a period one (1) year for tourism purposes.
The Philippines is a top-rated destination for expatriates. The country has a warm climate, friendly people, welcoming culture, and low living costs make the country an ideal destination for expats.How many years do you stay in the Philippines for an alien to be a resident alien? ›
Generally an alien who is present in the Philippines for at least 2 years is a resident alien. An alien who stays in the Philippines for less than 2 years is considered a non-resident alien.
How much does a retirement visa cost in the Philippines? ›
What does a retirement visa for the Philippines cost? A one-time application fee of $1,400 for a single applicant and $300 for each dependent. An annual fee of $360 (up to three family members) and $100 for each additional dependent.What bank in America I can use in the Philippines? ›
The commercial banking system includes three U.S. foreign-branch banks: Citibank, which operates six full-service Citibank branches in key locations in Metro Manila and Metro Cebu; Bank of America; and JP Morgan Chase.Can a US citizen have a Philippine bank account? ›
Who can open a bank account in the Philippines? Anyone can open a bank account in the Philippines. In the past, non-residents, including those holding a temporary visitor's visa, couldonly open a foreign currency deposit account, or a peso account funded by foreign currency deposits converted to peso.What is the longest a U.S. citizen can stay in the Philippines? ›
No. US citizens do not need a visa to enter the Philippines. US citizens can enter the Philippines Visa on Arrival and stay in the Philippines visa-free for up to 59-days. After 59-days, US Citizens can extend their visa by 1, 2, or 6-months at a Philippine Bureau of Immigration office.How many months can a US immigrant stay in the Philippines? ›
The 6-month rule counts the total days (consecutive or not) in which you were outside of the U.S. This total must be less than 180 days if you want to avoid scrutiny. But remember, just being outside of the U.S. for less than 180 days in a year doesn't automatically mean the CBP official won't scrutinize your travels.Can I be a dual citizen of US and Philippines? ›
Dual Citizenship acquired by birth – A child born in the United States on or after 17 January 1973 when either or both parent/s was still a Filipino citizen is considered to be a dual citizen from birth.How much income do I need to retire in the Philippines? ›
Be at least 50 years old. Deposit at least $10,000 into a Philippines bank if you have guaranteed monthly income (covers you and two dependents) Deposit $15,000 for each additional dependent.Can a former Filipino citizen own a property in the Philippines? ›
Former natural-born Filipinos can own land in the Philippines, subject to limitations prescribed by Philippine Republic Act 8179 (for residence purposes- up to 1000 square meters of urban land or one hectare of rural land) and Batas Pambansa 185 (for business or investment purposes 5000 square meters of urban land or ...Can a balikbayan own property in the Philippines? ›
I'm a Balikbayan who has become a naturalized American citizen. Can I acquire Real Property in the Philippines? Yes, a natural born Filipino who has acquired American or any foreign citizenship may still own lands in the Philippines but with limitations in land area.How long can a US citizen balikbayan stay in the Philippines? ›
Returning balikbayan may enter the Philippines without a visa and stay for a period one (1) year for tourism purposes.