SRRV is a retirement visa for foreign nationals aged 35 years and up who wish to stay longer in the Philippines.
Philippine Retirement Agency (PRA) is a government agency that process and facilitates the SRRV application of foreigners.
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REQUIREMENTS
1. DEPOSITS
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USD 50,000 deposit to PRA coming from a foreign bank outside of the PH for 35-49 years old.
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USD 20,000 deposit to PRA coming from a foreign bank outside of the PH for 50 years old without pension.
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USD 10,000 deposit to PRA coming from a foreign bank outside of the PH for 50 years old with pension.
Note that bank remittances from other countries takes around 5-10 days for them to be cleared in the local bank. Also, wire remittance slips should be kept for reference.
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2. DEPENDENTS
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Free 2 dependents (spouse plus one child) Additional dependent = USD 15,000
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3. DOCUMENTS
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SRRV Application Form
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Original passport with valid visa entry/stay in the Philippines Medical Examination Clearance
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Police Clearance from country of origin
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ID Pictures 2x2 (12 pcs.)
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Proof of relationship of main applicant and dependents
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Pension documents
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Proof of remittance
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4. FEES
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Application fee is USD 1,400 for the main applicant
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USD 300 for extra dependent (this should be paid simultaneously)
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Annual fee of USD 360 (inclusive of main applicant and 2 dependents) USD 100 for annual fee of extra dependent
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