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by: Eugene Catalan
Posted: January 2013
Attention: Tourists, Retirees, and Expats choosing to stay in the Philippines.
SPECIAL RESIDENT RETIREE’S VISA (SRRV) Benefits
•
Exemption from Customs Duties and Taxes for the importation of personal effects up to
US $7,000.00 which must be availed of within 90 days upon issuance of SRRVisa.
•
Exemption from paying the Travel Tax, if stay in the Philippines is not longer than one year
from the last date of entry.
•
Exemption from securing the Bureau of Immigration I-Card/Annual Registration Requirement.
•
Exemption from securing Special Study Permit, or Student Visa.
BE A RETIREE, GET YOUR SRRVisa
Your Life time VISA
PHILIPPINE SPECIAL RESIDENT RETIREE’S VISA - YOUR TICKET TO A BETTER LIFE!
The Philippine Retirement Authority (PRA) is a government agency under the
Department of Tourism that is mandated to attract nationals and former Filipino
citizen’s to retire and reside in the Philippines. Its core product is the Special Resident
Retiree’s Visa (SRRV) which is a non-immigrant multiple-entry indefinite-stay visa.
A retiree may opt to choose on Special Resident Retiree’s Visa (SRRV) options that may suit their
needs, lifestyle and preferences. These options are:
1.
SRRV SMILE - for active/healthy principal retirees 35 years old and above who would just like to
maintain there Visa Deposit of US $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
US $10,000.00 (50 years old and above) or US $50,000.00 (35 to 49 years old) to purchase a
condominium units or use for a long term lease of house and lot.
3.
SRRV HUMAN TOUCH - for ailing principal retires. 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 US $10,000.00, a monthly pension of of at least US $1,500.00 and a Health Insurance
Policy.
4.
SRRV COURTESY - for former Filipinos (35 years old and above), and foreign nationals 50 years
old and above) Who have serve in the Philippines as diplomats, ambassadors, officers/staff of
international organizations. The Visa Deposit is US $1,500.00.
The Philippine Retirement Authority (PRA) is a government agency under the
Department of Tourism that is mandated to attract nationals and former Filipino
citizen’s to retire and reside in the Philippines. Its core product is the Special Resident
Retiree’s Visa (SRRV) which is a non-immigrant multiple-entry indefinite-stay visa.
A retiree may opt to choose on Special Resident Retiree’s Visa (SRRV) options that may suit their
needs, lifestyle and preferences. These options are:
1.
SRRV SMILE - for active/healthy principal retirees 35 years old and above who would just like to
maintain there Visa Deposit of US $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
US $10,000.00 (50 years old and above) or US $50,000.00 (35 to 49 years old) to purchase a
condominium units or use for a long term lease of house and lot.
3.
SRRV HUMAN TOUCH - for ailing principal retires. 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 US $10,000.00, a monthly pension of of at least US $1,500.00 and a Health Insurance
Policy.
4.
SRRV COURTESY - for former Filipinos (35 years old and above), and foreign nationals 50 years
old and above) Who have serve in the Philippines as diplomats, ambassadors, officers/staff of
international organizations. The Visa Deposit is US $1,500.00.
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