Understanding the Philippine Retirement Visa

If you are a foreign national who wants to retire in the Philippines, this visa information is for you.

Benefits for retirees:

multiple-entry privileges
exemption from exit and re-entry permits
tax breaks on foreign pensions
this is a lifetime visa
SRRV holders are also eligible to work, study, or invest in the Philippines.

Who can apply:

You must be at least 35 years old
You must open a Philippine bank and deposit a specific amount according to the financial requirements
You must also have no criminal record
You must be financially able to support your joining family

There are at least four (4) types of Philippines Retirement Authority (PRA) visa:

SRRV Smile
SRRV Classic
SRRV Human Touch
SRRV Courtesy

Maybe you are thinking about what would be the necessary requirements in order to file for the visa. Here are the basic requirements but you can always refer to Philippine Retirement Authority to get more information:

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 (8 pieces, 2″x2″)
SRR Visa deposit that is inwardly remitted
Fees & Processing/Service (one-time) US$1,400.00 Principal applicant US$ 300.00 Dependent applicant
Annual Fee of US$360.00 (for the Principal & 2 dependents)
Marriage Certificate for joining dependent-spouse
Birth Certificate for joining dependent-child

Final Thoughts

It is still advisable to contact the Philippine Retirement Authority (PRA) or consult with the nearest Philippine embassy or consulate for the most up-to-date information and application details.

Please note that visa regulations may change over time, so it’s essential to check with official sources for the latest requirements and procedures.

You can also refer to this link if you want to know more about investing in the Philippines.

You can also subscribe to my YouTube Channel to get more information about living in the Philippines.

Dorotea Tuzon