Name of the Organization : Philippine Retirement Authority
Type of Facility : Special Resident Retiree’s Visa SRRV Online Application
Country : Philippines
Website : https://pra.gov.ph/
Apply Online : https://pra.gov.ph/
Special Resident Retiree’s Visa SRRV Online Application:
Starting May 05, 2011, more SRRV options will be made available for you to choose from on how to Retire in the Philippines through the SRRV Products.
Related : Retiree Services & Assistance Philippine Retirement Authority : www.statusin.org/7117.html
You can choose from the SRRV SMILE, the SRRV CLASSIC, SRRV HUMAN TOUCH, and the SRRV COURTESY.
Please refer to the table below for the requirements and the qualifications for each program Kindly coordinate with PRA thru email add inquiry@pra.gov.ph for complete details on the requirements for each SRRV option.
Implementing Details of PRA Products:
Requirements:
1. Age and Visa Deposit :
SRRV Smile:
35 Years Old & Above – US$20,000.00
Note: Additional Visa deposit – US$15,000.00 per dependent in excess of two (2).
SRRV Classic:
35 – 49 Years Old – US$50,000.00
50 Years Old & Above
Without Pension – US$20,000.00
With Pension – US$10,000.00
Note: Additional Visa deposit – US$15,000.00 per dependent in excess of two (2).
Show proof of monthly pension remitted to the Philippines (US$800.00 for single applicant and US$1,000.00 for married couples)*
SRRV Human Touch:
35 years old & above = US$10,000.00
Note:
Retiree must:
Be shown to have a pre-existing condition (except contagious diseases) and in need of medical care and services.
Show proof of monthly pension remitted to the Philippines equal to at least US$1,500.00.
SRRV Courtesy :
35 Years Old and above for Former Filipino citizens = US$1,500.00
50 Years Old and above for Ambassadors / Retired Diplomats who served in the Philippines = US$1,500.00
Note: Additional Visa deposit – US$15,000.00 per dependent in excess of two (2) except for Former Filipinos.
2. Convertibility of Deposits :
SRRV Smile:
LOCKED-IN in the bank:
Inconvertible into investment.
Intended for end of term needs and obligations of retiree.
Withdrawable upon cancellation of SRR Visa.
SRRV Classic:
May be converted into investments.
Total amount of Investment must be at least US$50,000.00 for conversion to be allowed.
Note: For investment in condominium or long-term lease of House and Lot, units must be Ready For Occupancy.
SRRV Human Touch :
Same conditions prescribed under SMILE enrolment program.
SRRV Courtesy :
May be converted into investments.
Note: For investment in condominium or long-term lease of House and Lot, units must be Ready For Occupancy.
Fees to be Paid upon Joining the Program :
Application Fee : Principal Applicants US$1,400
Dependent : US$ 300 (each)
Annual Fee (PAF) : US$ 360 (covers 3 family members)
* For more than 3 retiree members in a family, an additional PAF of US$100.00 for each additional dependent must be paid.
* Under the SRRV Courtesy/Expanded Courtesy, the PRA Annual Fee of US$360.00 is not applicable. However, in case of more than two dependents, US$10.00 for each dependent must be paid for the issuance of the PRA ID Card.
Obligations of a Retiree Member :
** To update the Authority of any changes in contact information (e.g. status name, address, telephone/fax number and email address);
** To secure an Alien Employment Permit (AEP) from the Department of Labor and Employment for purpose of employment in the Philippines;
** To renew the PRA ID Card and pay the PRA Annual Fee of US$360.00. For PRA Members under the SRRV Courtesy pay the Annual Fee of US$10.00 for each retiree member in the family.