The Special Resident Retiree’s Visa (SRRV) is a special non-immigrant visa granted to foreign nationals and overseas Filipinos who want to choose the Philippines as their second home for retirement or investment purposes.
The retiree who plans to apply for a Special Resident Retiree’s Visa (SRRV) can have the option to enroll in the program based on their retirement status, and the approval of their application will come from the Bureau of Immigration.
In addition, the Philippine Retirement Authority will make the application pre-evaluation where applications are filed; processing takes 7 to 10 working days upon receipt of the complete requirements of the retiree.
Benefits of the SSRV
The Benefits that SRRV given to future Foreign Nationals and Overseas Filipino Retirees are as follows:
Indefinite stay with multiple entry/exit privileges
Access to the Greet & Assist Program at selected Philippine airports
Free subscription to the PRA Newsletter
Discount privileges from PRA accredited Merchant Partners;
Free assistance in transacting with other government agencies;
Entitlement to PHILHEALTH benefits & privileges.
Exemption from the Philippine Bureau of Immigration ACR-I Card (Annual Report), Customs duties & taxes for one-time importation of household goods & personal effects worth up to US$7,000.00 Tax from pensions & annuities, Travel Tax if the retiree has not stayed in the Philippines for more than 1 year from the last date of entry and Student Visa/Study Permit.
If you are nearing retirement or know someone planning to do so, considering living in the Philippines under this retirement programme may just be the right fit for you!
Source: Philippine Retirement Authority