Special Retirees Resident Visa (SRRV)
Overview of Our Services
Our Firm evaluates and, if
complete, endorses the application to the Philippine Retirement
Authority for the issuance of the visa.
We will also help the applicant complete and/or prepare the
documentary requirements if necessary.
What is the SRRV?
The Special Resident Retiree's Visa (SRRV) is issued by the Bureau
of Immigration (BI) of the Republic of the Philippines under the
Retirement Program of the Philippine Retirement Authority (PRA) to
foreigners and overseas Filipinos. It entitles the holder to
multiple-entry privileges with the right to stay
permanently/indefinitely in the Philippines.
Who may apply?
1. Any foreign national, except those nationals of countries with
which the Philippines does not have diplomatic relations and those
nationals considered restricted by the Department of Department of
Foreign Affairs (DFA).
2. Overseas Filipinos who are immigrants or under a visa category
allowing them legal stay abroad and have resided therein
continuously for at least seven (7) years, prior to their
application for enrolment in the Program and should not have stayed
a maximum total of sixty (60) days in a year in the Philippines.
B. Age/Deposit Requirements
All foreign nationals below 50 and at least 35 years of age are
required to deposit the amount of US$75,000.00 dollars with any PRA
short-listed bank. Those aged 50 and above are required to deposit
the amount of US 50,000 dollars. Former Filipinos who are now
holders of foreign passports are required to deposit US 1,500.00
dollars; the deposit amount of US50,000.00 shall be required from an
applicant who is at least 35 years of age and belongs to any of the
1. Retired military personnel of governments recognized by the
2. Former members of foreign
diplomatic corps who have served for at least three (3) years in
their respective posts, or
3. Retired officer and employees of
international organizations such as the United Nations and its
affiliate agencies, the World Health Organization, World Bank,
Labor Organization and other similar
Benefits of SRRV
1. Permanent non-immigrant status with multiple-entry privileges
through the Special Resident Retiree's Visa;
2. Exemption from customs duties and taxes for the importation of
3. Exemption from Exit Clearance and
4. Exemption from payment of travel
tax provided the retiree has not stayed in the Philippines for more
than one year from date of his last entry into the country;
5. Conversion of the requisite deposit
into active investments, including purchase of condominium unit;
6. Interest on the foreign currency
deposit is tax-free and payable to retiree in Philippine Pesos;
7. Foreign currency time deposit can
be converted into Philippine Pesos deposit, but interest is subject
to withholding tax;
8. Pension, annuities remitted to the
Philippines are tax-free; and
9. Guaranteed repatriation of the
requisites deposit including invested profits, capital gains and
dividends accrued from investments, upon compliance with Bangko
Sentral rules and regulations.
Guzman Taņedo & Acain
Alexander Llanes Acain, Jr.
Immigration Litigation Head