The procedure for applying for a retirement visa in the Philippines is:
- Schedule an appointment at the Philippine Retirement Authority (PRA).
- Choose the appropriate retirement option.
- Collect the documents required for a retirement visa.
- Submit the application to the PRA.
Full Answer
How to obtain a Philippines retirement visa?
- Completed Philippine Retirement Authority application form;
- Valid passport;
- DFA Medical Examination Form No. ...
- Certification by PRA shortlisted bank of the requisite deposit in the following categories; A. ...
How much does it cost to retire in the Philippines?
- The Philippines has become one of the most popular destinations for U.S. ...
- The cost of living in the United States about 2.6 times more expensive than the Philippines
- Food and clothing are particularly affordable in the Philippines
- You will need to spend about $1,000 USD a month to live comfortably in the Philippines as a retiree.
What countries have a retirement visa?
- #1 Belize: The QRP Visa. ...
- #3 Nicaragua: The Pensionado Visa. ...
- #4 Malaysia: The MM2H Visa. ...
- #5 Malta: The Global Residence Program. ...
- #6 Colombia: The Pensionado Visa. ...
- #7 Dominican Republic: The Pensionado Visa. ...
- #8 Honduras: The Pensionado Visa. ...
- #9 Argentina: The Pensionado Visa. ...
- #10 Portugal: The Self-Sufficiency Visa. ...
What are the Philippines Visa requirements?
These eTa Philippines requirements from the United States include:
- Proof of nationality. This is usually an eligible passport, which must stay valid for at least 6 months after the foreigner leaves the Philippines
- Proof of intention to leave the Philippines and not engage in paid work while in the country. ...
- Itinerary information, including hotel reservations
Can a foreigner with a SRRV own land in the Philippines?
Short answer no. However, are ways for foreign nationals to still buy and own property in the Philippines. Own a condominium, where you own the hou...
What are the differences between the different types of Special Resident Retiree's Visas (SRRV)?
There are four types of Philippine Retirement Visas each with specific requirements. The three most common are: SRRV SMILE- Requires a $20,000 bank...
How much income do I need to qualify for a SRRV Retirement Visa?
Income requirements depend on the specific SRRV visa, but can be as low as $0 (for the SRRV SMILE). Maximum is $1000 per month (for the SRRV EXPAND...
Is there a minimum age to apply for a SRRV Retirement Visa?
The SRRV Retirement Visa is available to anyone over 35 years old. The Philippines makes Early Retirement easy with one of the youngest Retirement...
Can I work with a SRRV Retirement Visa?
The SRRV is one of the only Retirement Visas that allows work. SRRV holders are eligible to work, study or invest in the Philippines.
How long can I stay in the Philippines on a SRRV Retirement Visa?
If you keep your membership active and pay your annual fee, the SRRV allows you to stay in the Philippines as long as you want.
How old do you have to be to get a SRR visa?
For former Filipinos, 50 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.
How long is a SRR visa valid?
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.
What is a SRRV visa?
The S pecial 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.
How old do you have to be to be a Fiiipino?
PRINCIPAL APPLICANTS Must be foreign nationals or former Fiiipino 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.
How many retirement visas are issued in the Philippines?
The republic issued a record 6,437 retirement visas in 2018 (10 percent more than the prior year) and has issued more than 63,000 since the program began in 1987, according to the Philippine Retirement Authority (https://pra.gov.ph). More than 200,000 expats currently live in the country. Many retirees come from Asia, ...
How long does it take to get a long term tourist visa in the Philippines?
The long-term visa provides 59 days in the Philippines, providing plenty of time to explore the islands, make a final decision on your retirement destination, and complete the application process. More information about obtaining a Philippine long-term tourist visa is available on our website at https://www.visasupply.com/philippines-long-term-tourist-visa.html.
What is a special resident retiree visa?
The Philippine Special Resident Retiree’s Visa (SRRV) carries a number of benefits. The SRRV provides permanent non-immigrant status with multiple-entry privileges. Holders are exempt from customs duties and taxes on imported personal effects; from exit clearance and reentry permits; and from paying travel taxes if the retiree has not stayed in the Philippines for more than one year since his or her last entry. The country also does not tax foreign income, so U.S. citizens do not face double taxation. Additional benefits can be found at https://www.philembassy.no/consular-services/visa/special-resident-retirees-visa-srrv.
How long do I need to be in the Philippines to get a police clearance?
An original valid police clearance form from your country of origin. Also, if you have been in the Philippines for more than 30 days , you also need clearance from the Philippine National Bureau of Investigation (NBI). Proof of your SRRV visa deposit remitted to a government-approved bank.
How long does it take to get a SRRV in the Philippines?
You must apply for the SRRV while you are in the Philippines. It typically takes 20 days to process the SRRV application. A checklist of requirements and PDFs of the forms listed below are available at https://pra.gov.ph/downloads. Basic requirements include: A valid passport with a valid temporary visitor’s visit.
Where do retirees come from?
Many retirees come from Asia, but the top 10 sources also include the United States, United Kingdom, Germany, and Australia. While most retirees come here to enjoy the warm tropical climates, some might prefer the mountain’s lower humidity and cooler temperatures.
Which city is the most popular retirement destination?
The capital city of Manila is among the most popular retirement destinations, offering a modern cosmopolitan lifestyle complete with Western shopping centers, theaters, nightclubs, and restaurants. Cebu City, the “Queen City of the South,” combines urban amenities with easy access to the beaches and mountains.
How much does an expat living in the Philippines cost?
International Living, a magazine that extensively covers the costs of residing in different countries, reports that most expats can live comfortably with $800 to $1,200 a month. That includes housing and going out to enjoy what the Philippines has to offer. Getting Your Visa in the Philippines.
What is the maximum tax rate for compensation in the Philippines?
Compensation is basically paycheck income, which is taxed at a rate ranging from 20% to 35%. Income subject to final tax is typically passive income. The maximum rate for this is 20%. Again, this applies only if you work in the Philippines.
What is an ACR card?
In addition to your visa, you must obtain an Alien Certificate of Registration (ACR-I) card with a microchip containing bio-metric data. It also contains your fingerprints. This card serves as your re-entry permit along with your valid passport with a visa stamp. It costs $50, and you must renew it each year.
What is pension income?
The good news is that “pension” can refer to most sources of retirement income including Social Security benefits.
Is it dangerous to travel to the Philippines?
Despite its scenic beauty, the Philippines can get dangerous in some areas. One of the latest travel advisories issued by the U.S. State Department in 2018 warned Americans to exercise “increased caution due to crime, terrorism, civil unrest and a measles outbreak.”
Is the Philippines tax friendly?
The tax code in the Philippines is particularly friendly to expats. Resident aliens are taxed only on income they get from sources within the Philippines. The rates vary depending on what type of income you receive.
Is there a laser focus in the Philippines?
That said, it’s important to research a potential location with laser focus. Some areas in the Philippines lack sufficient infrastructure. This means power outages and water stoppages can become the norm in some places. You’re also going to want to have easy access to healthcare, banks and entertainment.
How old do you have to be to retire in the Philippines?
Visa Requirements to Retire in the Philippines from as Young as 35 !
How old do you have to be to get a retirement visa?
This retirement visa is one of the simplest to obtain and is aimed at younger retirees aged 35-49. You have to be able to prove you’re healthy, fit and of good nature by providing proof with a medical certificate and police clearance.
What is a medical certificate in the Philippines?
A signed and dated medical examination certificate by a licensed physician in your home country or a PRA medical certificate completed by a physician in the Philippines
How long do you have to be in the Philippines to get a police clearance?
Police clearance from your home country or from the National Bureau of Investigation in the Philippines if you’ve resided in the country for longer than 30 days
How long does it take to get a Citibank loan?
The whole application process takes about seven to ten days in the PRA offices of the Citibank Tower in Makati Manila. You’ll need to fill out all the required forms, present your paperwork, make your deposit and pay your fees once the application is endorsed by the Bureau of Investigation. Here’s what you’ll need;
Philippines Tourist Visa and the Immigration Office
Tourist visas are easy to get and can be renewed every several months. If you are a citizen of a Western country, you can receive a 22-day visa stamped at the airport on arrival in the Philippines (make sure to have an onward flight ticket).
Philippines Retirement Visas
If you want a more permanent visa (one where you won’t have to deal with exit-visa requirements), I recommend looking at the SRRV Smile retirement visa. Think you aren’t old enough to retire in the Philippines? This one is easy to get, and has one of the lowest age requirements in the world – just 35!
Summary
Neither the Smile nor the Classic visa grants work permits, but you may want to start a business in the Philippines and pay low taxes.
Doing Your Research
We listened to some exchanges between expats in the Philippines, and the most common reasons they’ve shared for moving into the country include:
Preparing for Relocation
Moving to the Philippines has always been a part of the plan for Andy, a retired US military officer.
Settling in the Philippines
Tess lived in the US for about 40 beautiful years. It was the country where she grew her career as a registered nurse, found love, and built her own family.
Now on to You
Depending on the arrangements, preparing for your big, permanent move to the Philippines for retirement may take about two years, at the least — right from dealing with the passport and visa paperwork, moving possessions (including pets), and looking for a fitting home location, among many others.
How old do you have to be to qualify for the Philippine retirement?
This applies to those aged 35 to 49 years old. To qualify, you must be active and healthy. One of its basic requirements is a Philippine-based or PRA-approved retirement bank account where you should maintain a deposit of at least approximately ₱1 million ($20,000).
How much is the deposit required for a Philippine visa?
A minimum deposit amount of approximately ₱70,000 ($1,500) is required for the principal applicant. Also, for this type of visa, there is an option for dual citizenship through the Philippine dual citizenship program.
How long does it take to cancel a visa?
Apply the cancellation at the PRA at least two months before the validity of the visa expires. You need to submit a request letter along with the required documents to the PRA office. The visa can then be canceled just by withdrawing the deposit. The processing time usually takes around 20 to 30 days on a case-to-case basis.
How long is a medical clearance valid in the Philippines?
The clearance is only valid for six months from its date of issuance. If you are still in your home country, use the Medical Application Form No.11 issued by the Department of Foreign Affairs (DFA) and authenticated by the Philippine Embassy officer in your country. If you are already in the Philippines, obtain a medical certificate from any licensed physician or any PRA partner clinic all over the country.
What is the most popular retirement destination?
The Philippines is one of the most popular destinations chosen by many retirees around the world. The country is known for countless tourist destinations, cheaper living costs, and a moderate climate that anyone can enjoy wherever local spot he chooses.
Where to apply for SRRV in Philippines?
You may submit your application at the PRA office if you are in the country or to a Philippine embassy if you are located abroad. The application process is the same within and outside the Philippines.
What is extended courtesy visa?
Another specified option for a Courtesy visa is the “expanded courtesy” for those applicants who previously worked in the armed forces from their home country.
Philippines Retirement Visa Requirement
Retirement Visas Options and Benefits
- Special Resident Retirement VisaPhilippines carries a vast number of benefits. This is the main route for getting a Retirement Visa the Philippines as a foreign citizen. Primarily this has been designed for the foreign nationals willing to settle in that country after their retirement. This Special Resident Retirement visa Philippines comes with few formalities. This includes permissi…
How to Apply For A Philippine Retirement Visa?
- If you are above thirty-five years old and meet all the criteria of your chosen type of SSRV, Then you can be eligible for applying for a retirement visa the Philippines. You need to download an application form and have to fill up this form and have to submit it along with all required documents to the Authority of Philippine Retirement. Documents...
Final Words
- So, if you wish to settle in the Philippines after retirement, you can apply for SSRV. PRA has granted this visa, and by this visa, you can indefinitely reside there with free exit and entry. Once the permission has been issued, you would receive a PRA ID card which will have to be renewed annually. The Philippines is no doubt a well-known place for its beauty and sophistication. The …