Philippine Pension Visa is issued to foreigners and former Filipino citizens through the Philippine Retirement Authority (PRA) retirement program. It allows holders to have the privilege of multiple entry and the option to settle permanently in the Philippines. The full name is "Special Resident Retiree's Visa", and the abbreviation is SRRVisa.
Philippine Retirement Immigration Visa (SRRV) is currently the most convenient and cheapest family immigration green card in the world. In order to attract foreigners to invest, the Philippine government has introduced a very preferential "retirement immigration" policy: as long as foreigners over the age of 50 and deposit $20,000 to the bank designated by the Philippine government (refundable) you can obtain permanent Philippine immigration status. There are five types of
SRRV visa types
SRRV, and there are only two types that are suitable for Chinese people to choose from - SRRV classic plan and SRRV smile plan.
1. Classic Plan - Fixed deposit of 20,000 US dollars. After completing the immigration procedures, withdraw the deposit for investment in real estate
One month after the applicant obtains the SRRV residence card, 20,000 US dollars can be used to invest in real estate projects (you need to purchase designated existing housing projects registered with the Immigration Department, and the housing price must be greater than or equal to 50,000 US dollars!)
2. Smile Plan - Fixed deposit of 20,000 US dollars, deposit in identity
. Fixed deposit of 20,000 US dollars in designated bank deposit in the Philippine Retirement Department. It cannot be withdrawn and will be fully refunded when the visa is cancelled.
The main applicant must meet:
• 1. 50 years old or above
• 2. No criminal record
• 3. Comply with health standards
Affiliated applicants must meet:
• Spouse: Must be legally married to the applicant (providing a marriage certificate)
• Children: Must be the legal child of the applicant (providing birth certificate ), and the application is unmarried and 21 years old or below
SRRV visa processing fee
Application fee:
• 1. The application fee of the main applicant is US$1,400
• 2. The spouse or child is US$300/person
Over three people in the family, and each additional person needs to pay an extra $15,000.
1 Annual review fee:
• The identity card is renewed once a year, and the cost is US$360
• If more than three people in the family pay an extra US$100
What are the advantages of Philippine SRRV?
1, travel free
1, green card in hand, go away as you say. SRRV can be permanently free to enter, study, work and live in the Philippines, and will be treated equally with local residents (except for political rights). The whole family is available and can live in the Philippines permanently. There is no need to apply for another visa when entering and leaving the country.
2. Retain nationality
without losing Chinese nationality, obtaining permanent residence status in another country, and does not need to meet any living conditions or the so-called " immigration supervision ".
3, extremely low threshold
The most cost-effective "permanent residence green card" project in the world, with a net worth of 20,000 US dollars. The processing is very fast, as fast as 10 working days.
4. The procedures are super convenient
. There is no need to explain the source of funds. The exit mechanism is simple and all funds can be refunded.
5, Leisure and elderly care
1 Philippines is a country of thousands of islands rated as one of the "best elderly care places in the world". It has beautiful scenery and beautiful environment. The locals are hospitality, friendly and kind. It is an excellent place for retired immigrants and leisure elderly care.
6, Study Abroad Education
The Philippines has a high educational popularity rate, American education, English teaching, learning and living costs are low. If the children of an SRRV holder plan to attend a university in the Philippines, there is no need to apply for a student visa and a special study permit.
7. College Entrance Examination bonus
Children who hold this status can apply to study in an international school in China and get extra points for the college entrance examination; they can take the joint examination as overseas Chinese students and enjoy preferential treatment for the college entrance examination.
8, investment discount
Holding this identity can invest in China with a foreign businessman or overseas Chinese identity, and enjoy various preferential policies given by China and local governments to foreign businessman or overseas Chinese investment enterprises. The legal profit obtained by overseas Chinese and Hong Kong and Macao investors, other legal income and liquidated funds can be remitted overseas in accordance with the law.
