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How to Get a Special Resident Retirees Visa

(SRRV)
The Special Resident Retirees Visa (SRRV) is a visa issued by the Bureau of
Immigration through the Philippine Retirement Authority (PRA). The SRRV is a
special non-immigrant visa that provides its holders with multiple-entry privileges and
indefinite stay in the Philippines and is especially designed for those who wish to live
in the Philippines on an extended or permanent basis. However, it must be noted that
the SRRV requires a specific amount of time deposit or investment in the Philippines.
Any Foreigner with entry visa issued by the Philippine Embassy who is at least 35
years old or former Filipino citizens who are now holders of foreign passports and at
least 35 years old are eligible to apply for the SRRV.
In order to secure the SRRV, the following deposit requirements must be complied
with:
A: Retirement Option and their Required Time Deposit
1. With Pension 50 years old and above the required time deposit is US$10,000.00
plus a monthly pension of US$800.00 for a single applicant and US$1,000.00 for
couple
2. Without Pension
35 to 49 years old US$50, 000.00 time deposit
50 years old and above US$20, 000.00 time deposit
Former Filipino Citizens (at least 35 years old, regardless of the number of
dependents US$1,500.00)
Ambassadors of foreign countries who served and retired in the Philippines, current
and former staff members of international organizations including ADB (at least 50
years old) -US$1,500.00
It must be emphasized that the required time deposit can be converted into
enumerated areas of investment after one (1) month from the date of the issuance of
the SRRV. The only allowed areas of investment are the following:
1. Purchase of condominium unit/s;
2. Long term lease of a house and lot, condominium or townhouse unit/s;
3. Construction of a residential unit on a leased parcel of land;
4. Purchase of Proprietary Membership/Golf shares in golf clubs;
5. For former Filipinos, purchase of a lot not exceeding 5,000 square meters in urban
areas or three (3) hectares rural areas to be used for business or other purposes.
As for the documentary requirements and pursuant to the issuance of the PRA, the
following must be submitted:
1. PRA application form;
2. Government Fee of US$1,400.00 for the principal and US$300.00 for each
dependent (spouse/children).
3. Original passport with valid entry status;
4. Medical Examination Clearance -can be secured abroad (with English translation)
duly authenticated by the Philippine Embassy/Consular Office. If the applicant is in the
Philippines, this can also be secured at the PRA One-Stop Shop
5. Bank Certificate of Dollar Time Deposit inwardly remitted to any PRA accredited
banks;
6. Police Clearance only, for retiree-applicants whose stay in the Philippines is thirty
(30) days or less from date of last entry, which must be secured from the applicants
country of origin (with English translation) duly authenticated by the Philippine
Embassy or Consular Office. Police Clearance (from the applicants country of origin)
and National Bureau of Investigation (NBI) Clearance for retiree applicants whose stay
in the Philippines is more than 30 days from date of last entry. This also applies to
spouse and dependents 18 years of age and above;
7. Photographs, 12 pieces 2x2;
8. If the spouse is also applying for SRRV, Marriage Certificate or Marriage Contract
translated into English (if necessary) and duly authenticated by the Philippine
Embassy/Consulate nearest the applicants residence if the marriage was contracted
abroad. If the marriage was solemnized in the Philippines, original Marriage
Certificate; and
9. If dependent/s is/are also applying for the SRRV, original Birth Certificate/s of
dependent/s born in the Philippines or Birth Certificate/s or Household Register
translated into English (if necessary) and duly authenticated by the Philippine
Embassy/Consulate nearest the applicants residence abroad.
A foreigner who holds a SRRV is entitled to reside permanently in the Philippines. In
addition, he shall enjoy the following benefits:
1. Multiple entry privileges;
2. Exemption from the Exit Clearance and Re-Entry requirements of the Bureau of
Immigration (BI);
3. Exemption from Travel Tax, provided the SRRV holder has not stayed in the
Philippines for more than a year from date of last entry;
4. Tax-free importation of household goods/personal effects worth US$7,000.00;
5. Privilege to study in the Philippines;
6. Privilege to work in the Philippines upon issuance of the Alien Employment Permit.
See: http://ndvlaw.com/how-to-get-a-special-resident-retirees-visa-srrv/

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 maintained.

Who can Apply for a SIRV?


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.

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.

What are the Privileges of having a SIRV?


The holder may reside in the Philippines for as long as his investment subsists and is
entitled to import used household goods and personal effects tax and duty-free as an
alien coming to settle in the Philippines for the first time.

Requirements for a SIRV


Duly-accomplished and notarized application form, with recent photographs;
Clearance from the National Intelligence Coordinating Agency (NICA), together with
either a clearance from the central government agency of the applicant's country or
place of residence, competent to give information about any criminal record that the
applicant may have, duly authenticated by the Philippine Embassy, or the Interpol
Division of the National Bureau of Investigation (NBI) indicating that the applicant has
not been convicted by final judgement of a crime involving moral turpitude. The NICA
shall issue an initial clearance within three (3) working days from receipt of the BOI
endorsement, and a more thorough verification to cover the Armed Forces of the
Philippines and the Philippine National Police should be made within three(3) months
after the grant of the probationary visa. Any derogatory record may be the basis for
revocation of the SIRV holder's visa. The expiration date of said clearances should not
be earlier than six (6) months from date of filing of application;
Medical certificate issued by the Department of Health (DOH), any government
hospital or health facility, or any licensed and accredited hospital, medical center, or
laboratory or the equivalent in the applicant's home country, certifying that the
applicant is physically and mentally fit. The expiration of the certification should not be
earlier than six (6) months from date of filing of application;
Certification under oath from the duly-authorized officers of any accredited depository
bank in the Philippines as to the amount of foreign exchange inwardly remitted by
applicant, and its conversion to pesos through the said bank, in the prescribed form.
Should the inward remittance be sent through non-accredited correspondent banks,
the total amount of remitted money should be immediately transferred to the
accredited banks. In all cases, inward remittances shall not be made earlier than one
(1) year prior to the filing of the application;
Certified true copy of the certificate of peso time deposit with a maturity period of at
least thirty (30) days. The original copy of the certificate of time deposit shall remain
with the depository bank for safe-keeping;
Birth certificate/family registry/household registry duly authenticated by the Philippine
Consulate/Embassy located in the applicant's home country or the applicant's
embassy in the Philippines;
If spouse and dependent children are included in the application, marriage contract
duly authenticated by the Philippine Consulate/Embassy located in the applicant's
home country or by the applicant's Embassy in the Philippines;
Original passport of the applicant;

Special Investors Resident Visa


The Special Investors Resident Visa (SIRV) is issued by the Bureau of Immigration (BI) upon endorsement of the
Board of Investments (BOI), and entitles the holder to reside indefinitely in the Philippines. This visa permits
multiple entry privileges, so long as the investments subsist in the country.

The SIRV program requires investors to remit at least US$75,000 into the Philippines and invest the capital in
various economic activities. The SIRV holder can also bring with him, without additional deposit, his spouse and
any unmarried children below 21 years old. If dependents are joining the applicant, originals or duly authenticated
certified copies of their Marriage and Birth Certificates or Household Registers shall be presented.

The following are the allowed forms of investment for securing the SIRV. Investor must install capital to:

Publicly-listed corporations;
Companies engaged in areas listed in the Investment Priorities Plan (IPP); or
Companies engaged in the manufacturing and service sectors.

Requirements:

Filled-out and duly notarized application form;


National Bureau of Investigation (NBI) Clearance indicating that the applicant has not been convicted of a crime
involving moral turpitude;
Clearance from the National Intelligence Coordination Agency (NICA); and
Certification of remittance of required investment to authorized Philippine depository bank and placed in at least
30 day time deposit.
_

Procedure:

If Filed with a Philippine Embassy

Submit application form and other documentary requirements to local Philippine Embassy;
BOI evaluates the application after endorsement by the Embassy;
Re-endorsement to the Philippine Embassy via the DFA consular office for issuance of probationary, multiple
entry visa valid for 6 months; and
Upon arrival to the Philippines, probationary visa can be turned into SIRV, once proof of inward remittance has
been invested.

If Filed with BOI

Submit application form and other documentary requirements including the original passport to BOI;
BOI endorses application to BI upon completed documentation, for issuance of provisional, multiple entry visa
valid for 6 months; and
Amendment of visa (from provisional to indefinite) shall be made upon submission of proof that the inward
remittance has been actually invested.