Retire in the Philippines: Special Resident Retiree’s Visa Classic
Special Resident Retiree’s Visa Classic is a type of visa granted to active and healthy retirees who wish to settle in the Philippines for good.
Any foreign national or alien who is not included in the Excluded Classes under Section 29 of the Immigration Act of 1940. The list of excluded individuals:
- Idiots or insane persons and persons who have been insane;
- Persons afflicted with a loathsome or dangerous contagious disease, or epilepsy:chanrobles virtual law library
- Persons who have been convicted of a crime involving moral turpitude;
- Prostitutes, or procurers, or persons coming for any immoral purposes;
- Persons likely to become, public charge;
- Paupers, vagrants, and beggars;
- Persons who practice polygamy or who believe in or advocate the practice of polygamy;
- Persons who believe in or advocate the overthrow by force and violence of the Government of the Philippines, or of constituted lawful authority, or who disbelieve in or are opposed to organized government, or who advocate the assault or assassination of public officials because of their office, or who advocate or teach principles, theories, or ideas contrary to the Constitution of the Philippines or advocate or teach the unlawful destruction of property, or who are members of or affiliated with any organization entertaining or teaching such doctrines;
- Persons over fifteen years of age, physically capable of reading, who cannot read printed matter in ordinary use in any language selected by the alien, but this provision shall not apply to the grandfather, grandmother, father, mother, wife, husband or child of a Philippine citizen or of an alien lawfully resident in the Philippines;
- Persons who are members of a family accompanying an excluded alien, unless in the opinion of the Commissioner of Immigration no hardship would result from their admission;
- Persons accompanying an excluded person who is helpless from mental or physical disability or infancy, when the protection or guardianship of such accompanying person or persons is required by the excluded person, as shall be determined by the Commissioner of Immigration;
- Children under fifteen years of age, unaccompanied by or not coming to a parent, except that any such children may be admitted in the discretion of the Commissioner of Immigration, if otherwise admissible;
- Stowaways, except that any stowaway may be admitted in the discretion of the Commissioner of Immigration, if otherwise admissible;
- Persons coming to perform unskilled manual labor in pursuance of a promise or offer of employment, express or implied, but this provision shall not apply to persons bearing passport visas authorized by Section Twenty of this Act;
- Persons who have been excluded or deported from the Philippines, but this provision may be waived in the discretion of the Commissioner of Immigration: Provided, however, That the Commissioner of Immigration shall not exercise his discretion in favor of aliens excluded or deported on the ground of conviction for any crime involving moral turpitude or for any crime penalized under Sections Forty-Five and Forty-Six of this Act or on the ground of having engaged in hoarding, black-marketing or profiteering unless such aliens have previously resided in the Philippines immediately before his exclusion or deportation for a period of ten years or more or are married to native Filipino women;
- Persons who have been removed from the Philippines at the expense of the Government of the Philippines, as indigent aliens, under the provisions of section forty-three of this Act, and who have not obtained the consent of the Board of Commissioners to apply for readmission; and cralaw
- Persons not properly documented for admission as may be required under the provisions of this Act.cralaw
(b) Notwithstanding the provisions of this Section, the Commissioner of Immigration, in his discretion, may permit to enter any alien properly documented, who is subject to exclusion under this section, but who is:chanroblesvirtuallawlibrary
(1) An alien lawfully resident in the Philippines who is returning from a temporary visit abroad;
(2) An alien applying for temporary admission.
Age Qualification & Visa Deposits
- 35 to 49 Years Old = US$50,000.00
- 50 years old and Above:
A. With Pension = US$10,000.00
B. Without Pension = US$20,000.00
- Principal may be joined by dependents (spouse and children)
- Spouse – should be of legal age and the legitimate spouse of the Principal applicant.
- Child – legitimate or legally adopted child by the Principal, who must be unmarried and below 21 years old.
- The visa deposits are for the principal retiree and 2 dependents. An additional visa deposit of US$15,000.00 is needed for each additional dependent, in excess of two. The additional visa deposit is waived for Former Filipino citizens.
Philippine Retirement Authority Designated Banks
- Development Bank of the Philippines (DBP)
- Allied Bank, Philippine National Bank (PNB), Banco de Oro (Pacific Star Branch Only),
- Bank of China, Korea Exchange Bank, Tong Yang Bank, Unionbank.
Convertibility of Deposits
- May be used for investment/s in RFO Real Estate Properties;
- Investment value must be at least US$50,000.00
Documentary Requirements (Click here to download forms)
- Original of the valid Passport with valid/updated tourist visa in the Philippines (Tourist Visa sponsored by Travel Agency/Tour Operator is NOT allowed);
- Accomplished PRA Application Form;
- Original copy of Medical Clearance;
- Original of the Police Clearance from country of origin;
- NBI Clearance (if applicant has stayed in the Philippines for more than 30 days from last date of entry prior to application of SRRV);
- Photos (12 pieces of 2″x2″);
- Proof of Relationship for joining dependents.Note: Documents obtained/issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy/Consulate.
Additional Documentary Requirements
SRRV Classic with Pension
* Certficate of Retirement Benefits, equivalent to at least US$800/month (single applicant) or US$1,000/month (couple).
NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.
Fees to be Paid upon Joining the Program
Principal Applicants US$1,400
Dependent US$300 (each)
Annual Fee (PAF) US$ 360 (covers 3 family members)
For more than 3 retiree members in a family, an additional PAF of US$100.00 for each additional dependent must be paid.
Under the SRRV Courtesy/Expanded Courtesy, the PRA Annual Fee of US$360.00 is not applicable. However, in case of more than two dependents, US$10.00 for each dependent must be paid for the issuance of the PRA ID Card.
Obligations of Retiree Member
- To update the Authority of any changes in contact information (e.g. status name, address, telephone/fax number and email address);
- To secure an Alien Employment Permit (AEP) from the Department of Labor and Employment for purpose of employment in the Philippines;
- To renew the PRA ID Card and pay the PRA Annual Fee of US$360.00. For PRA Members under the SRRV Courtesy pay the Annual Fee of US$10.00 for each retiree member in the family.