Special Visa

Who Can Apply?

PRINCIPAL APPLICANTS Must be foreign nationals or former Filipino citizens who are at least 35 years old 

DEPENDENTS SPOUSE must be legally married to the Principal Retiree. CHILDREN must be legitimate or legally adopted by the Principal Retiree, unmarried and below 21 years old upon joining the program.

SRRV SMILE

For active/healthy retirees, who opt to maintain their SRR Visa deposit of US$20,000.00 in any of the PRA Accredited Banks.

SRRV CLASSIC

For active/healthy retirees, who opt to use their SRR Visa deposit into active investment such as the purchase of condominium unit* or long term lease of house & lot. The SRR Visa deposit is as follows:

     50 years old & above: US$ 10,000.00 (with a pension)** US$ 20,000.00 (without pension) 35 to 49 years old:      US$ 50,000.00 *The value of the property must at least be US$50,000.00 **Required pension of at least US$ 800 for single / US$1,000 for couple

SRRV HUMAN TOUCH

For ailing retirees, 35 years old & above, who need/require medical/clinical care. A monthly pension of at least US$1,500.00, a health insurance policy accepted in the Philippines, and an SRR Visa deposit of US$10,000.00 are required.

SRRV COURTESY

For former Filipinos, 35 years old & above. For foreign nationals, 50 years old & above, who are retired officers of International Organizations recognized by the Department of Foreign Affairs (DFA). An SRR Visa deposit of US$1,500.00 is required.

SRRV EXPANDED COURTESY

For foreign nationals, 50 years old & above, who are retired Armed Force officers of foreign countries with existing military ties and/or agreement with the Philippine Government. A monthly pension of at least US$1,000.00 and an SRR Visa deposit of US$1,500.00 are required. The SRR Visa deposit includes the principal applicant and 2 dependents. Additional dependent, entails additional SRR Visa deposit of US$15,000 each (except for former Filipinos). CHILDREN must be legitimate or legally adopted by the Principal Retiree, unmarried and below 21 years old upon joining the program.

The holder of the SRRV may reside in the Philippines without securing extensions of his stay
from the Bureau of Immigration.

PRA members who are holders of valid SRRV are exempted from paying travel tax provided
they have not stayed in the Philippines for more than one year from the date of last entry into
the country.

No. If he or she is legally married to a Philippine citizen, he or she may construct a
residential unit on a parcel of land owned and/or registered in the name of Philippine spouse.
Natural-born former Filipinos whose SRRV has been issued may own/acquire a maximum
area of 5,000 square meters of urban land and three (3) hectares of agricultural land.

The dollar deposit may be converted into peso after 30 days upon issuance of the Special
Resident Retiree's Visa (SRRV).

The approval of your application will come from the Bureau of Immigration. The pre-
evaluation of the application is made by the Philippine Retirement Authority where
applications are filed.

Processing time takes seven to ten working days upon receipt of complete requirements.

Yes. Your spouse and a legitimate or legally adopted unmarried child under twenty-one (21)
may be given an indefinite status if they are accompanying or joining you soon after your
admission into the country as such.

Yes. There is an additional deposit of US$15,000.00 or any equivalent acceptable foreign
currency for each additional legitimate or legally adopted unmarried child under twenty-one
(21) years of age.

1.Permanent non-immigrant status with multiple-entry privileges;

2.Exemption from Exit Clearance and Re-entry Permits;

3.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;

4.Exemption from Annual registration requirement;

5.Customs Duties and Taxes for the importation of personal effects and household goods up to US$7,000.00.

6.Special Study Permit.

7.Assistance in securing/obtaining documents from other Government Agencies such as:

• Department of Labor & Employment (DOLE)- Alien Employment Permit
• Land and Transportation Office (LTO) – Driver’s License
• National Bureau of Investigation (NBI)
• Department of Foreign Affairs (DOF)- Tax Exemption/ Extension Certificate
• Bureau of Internal Revenue (BIR) – Tax Identification Number

9.Conversion of the requisite deposit into active investments, including purchase of condominium unit;

10.Interest on the foreign currency deposit is tax-free and payable to retiree in Philippine Pesos;

11.Foreign currency time deposit can be converted into Philippine Pesos deposit, but interest is subject to withholding tax;

12.Pension, annuities remitted to the Philippines are tax-free; and

13.Guaranteed repatriation of the requisites deposit including invested profits, capital gains and dividends accrued from investments, upon compliance with Bangko Sentral ng Pilipinas (BSP) rules and regulations.

Obligations of the SRRV Holder

1.To give a written notice of any change of information supplied in the Application Form (e.g. status, name or address) within thirty (30) days from such    change;

2.To give a written thirty (30) day notice of termination of his participation in the Program;

3.To pay by way of Visitorial/Monitoring fee, the amount equivalent to one (1%) percent of the total amount in Philippine Peso equivalent of the foreign currency deposit converted into investment or 1.5% (applicable only to retiree members using the preexisting investment scheme – for the first year only) to be paid annually on the date of withdrawal/conversion of deposit into investment. 

4.To secure an Alien Employment Permit (AEP) from the Department of Labor & Employment;

5.To comply with the rules and regulations of the Authority.

CHECKLIST:

1. Original valid Passport with valid /updated Temporary Visitor’s Visa;
2. Accomplished PRA Application Form;
3. Original valid Medical Clearance;
4. Original valid Police Clearance from country of origin, and an additional NBI Clearance, if applicant has stayed in the Philippines for over 30 days from last date of entry;
5. Photos (16 pieces, 2″x2″);
6. SRR Visa deposit that is inwardly remitted;
7. Authenticated Marriage Certificate for joining dependent-spouse;
8. Authenticated Birth Certificate for joining dependent-child.

Note: Additional requirements may be requested depending on the SRR Visa Option to be chosen by the SRRV applicant. 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.