Why immigrate to the Philippines?
GDP growth rate exceeds 7% for five consecutive years, leading in Asia.
The Philippines has attracted a lot of external investment and the economic situation
Manila, the capital of Philippines, is an international city with good educational and
Close to China, only 2 hours from Guangzhou
Retired immigrants can be processed at the age of 35.
Investment immigrants do not have to take immigration.
Children can enjoy the treatment of overseas Chinese students.
Not expensive → $20000+
Low requirements → no language qualifications
Convenience → 20 days
Guaranteed → 100%
Special Visa in the Philippines
Philippine investment immigrants are suitable for foreigners and spouses who wants
to invest in the Philippines, as well as their children under the age of 21; Investor’s investment needs to reach $75,000, and the overseas bank will directly deposit it into the Investment and Immigration Department to set up an account.
The investment can only be invested in (1) listed companies in the Philippines, (2) purchase of private equity in the Philippines, and (3) shares in listed companies. Investment immigrants need annual review, and the main applicant needs to submitall the information of the invested company or the stocks held.
The Philippines introduced the Smile Plan on May 5, 2011:
Applicants aged 35 and over will deposit $20,000 in time deposits with the
Development Bank of the Philippines.
Applicants who do not have a spouse and an unmarried child under the age of 21, or two unmarried children under the age of 21, do not need to increase their investment. On this basis, each additional unmarried child under the age of 21 will need to increase by $15,000. No criminal records
Special Investor's Resident Visa (SIRV)
The Special Investor’s Resident Visa (SIRV) entitles the holder to reside in the Philippines
for an indefinite period as long as the required qualifications and investments are
The Special Investor’s Resident Visa (SIRV) is a visa issued by the Bureau of Immigration through the Board of Investments (“BOI”) pursuant to the provisions of the Omnibus Investments Code of 1987. The SIRV is a special non-immigrant visa that entitles the holder to reside in the Philippines for an indefinite period as long as the required qualifications and investments are maintained.
A probationary SIRV is issued with a validity of six months. The probationary SIRV shall be converted into an indefinite SIRV upon submission of the required documents to the Board of Investments (BOI) by the applicant.
The foreign investor is required to convert his peso time deposit into investment within one hundred and eighty (180) days from the date of issuance of the probationary SIRV.
The government, however, recommends converting the peso time deposits into investments at least 30 days before the expiration of the probationary SIRV to have time to prepare for the submission of the subsequent documentary requirements and eligibility for the Indefinite SIRV.
Who can Apply?
Any alien, except for restricted nationals, at least twenty-one (21) years of age, who meets the qualifications and follows the implementing rules provided for in the issuance of an SIRV.
- The applicant’s spouse and unmarried children under twenty-one (21) years of age may also be issued the same visa.
- A foreigner who is at least twenty-one (21) years of age, who meets the following qualifications:
- He has not been convicted of a crime involving moral turpitude
- He is not afflicted with any loathsome, dangerous or contagious disease
- He has not been institutionalized for any mental disorder or disability
- He is willing and able to invest the amount of at least US$75,000.00 in covered investments.
The applicant’s spouse and unmarried children under twenty-one (21) years of age may also be issued the same visa.
The applicant must not have been convicted of a crime involving moral turpitude, been afflicted with any loathsome, dangerous or contagious disease; has not been institutionalized for any mental disorder or disability; and is willing and able to invest the amount of at least USD75,000 in the Philippines.
Qualified Form of Investments:
- Publicly-listed companies
- Companies engaged in the priority areas of economic activities listed under the Investment Priorities Plan (IPP) of the Board of Investments.
- Companies engaged in services and manufacturing sectors
- Investment in condominium units or partnerships is no longer allowed.
BENEFITS OF THE SIRV
- Right to reside in the Philippines for an indefinite period;
2. Multiple entry privileges;
3. Exemption from the Exit Clearance and Re-Entry requirements of the Bureau of Immigration (BI), Alien Certificate of Registration;
OBLIGATIONS OF THE SIRV HOLDER
- Maintenance of the required investment.
- Yearly renewal of the SIRV ID Card.
- Payment of Annual Inspection Fee
- Submission of documents every year regarding the investment
- The Applicant must deposit the amount of at least US$75,000.00 into Peso Time Deposit for a minimum maturity period of 30 days and a maximum maturity period of 180 days with either Land Bank of the Philippines (LBP); or Development Bank of the Philippines (DBP).
- The investor shall have one hundred eighty (180) days from date of issuance of probationary visa to convert the deposit into an investment in an eligible domestic enterprise and report such investment to the BOI.
- BOI Form SIRV-001A for Principal applicant / BOI Form for SIRV-001B for Dependents
- Signed and notarized Deed of Undertaking
- Accomplished Personal History Statement Form
- Police Clearance issued abroad translated into English and duly authenticated by Philippine Embassy/Consulate
- Clearance from the Interpol Division of the National Bureau of Investigation (NBI) issued in the Philippines valid for 6 months
- Medical Certificate (Authenticated by the Bureau of Quarantine of the Phil. Department of Health) valid for 6 months
- Birth Certificate / Family Registry / Household Registry duly authenticated by Philippine Embassy/Consulate
- Marriage Contract (if applicable), duly authenticated by Philippine Embassy/Consulate
- Proof of Inward Remittance from Development Bank of the Philippines (DBP) – Head Office or Land Bank of the Philippines -Sen. Gil J. Puyat Ave. (Buendia) Branch
- Passport of updated stay
For purposes of securing an SIRV, only investments/shares of stocks in existing, new or proposed corporations shall be allowed/ accepted as eligible forms of investment:
- Publicly- listed companies
- Companies engaged in areas listed in the Investment Priorities Plan (IPP) of the Board of Investments. (The IPP is a list of priority areas of economic activities which the Government promotes for investments.)
- Companies engaged in the manufacturing and services sectors
The companies whose activities fall in any of the following major sectoral classifications found under the services sectoral classification lists shall be deemed in the service sectors for purposes of evaluating the qualification of SIRV applicants:
a) Business services;
b) Communication services;
c) Construction and related engineering services;
d) Distribution services;
e) Educational services;
f) Environmental services;
g) Financial services;
h) Health related and social services;
i) Tourism and travel related services;
j) Recreational, cultural and sporting services;
k) Transport services, and
l) Other services not included elsewhere.
Ownership of shares of stock in corporations engaged in wholesale trading shall not be allowed.
Investments in condominium units or partnerships are also no longer allowed
Special Resident Retiree’s Visa (SRRV)
The Special Resident Retiree’s Visa (SRRV) is a special non-immigrant visa for foreign nationals who would like to make the Philippines their second home or investment destination.
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.
For active/healthy retirees, who opt to maintain their SRR Visa deposit of US$20,000.00 in any of the PRA Accredited Banks.
For active/healthy retirees, who opt to use their SRR Visa deposit into active investment such as the purchase of condominium unit* or long term lease of house & lot. The SRR Visa deposit is as follows:
50 years old & above: US$ 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.
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
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.
- Original valid Passport with valid /updated Temporary Visitor’s Visa;
- Accomplished PRA Application Form;
- Original valid Medical Clearance;
- 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;
- Photos (16 pieces, 2″x2″);
- SRR Visa deposit that is inwardly remitted;
- Authenticated Marriage Certificate for joining dependent-spouse;
- 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.