Retiring in Paradise: A Guide to the Philippines’ Special Resident Retiree’s Visa
The Philippines is quickly becoming a top destination for foreign retirees, thanks to its tropical climate, low cost of living, friendly locals, excellent healthcare, and abundance of recreational activities. If you’re considering retiring in the Philippines, one of the best options is the Special Resident Retiree’s Visa (SRRV).
The SRRV provides several benefits that make retiring in the Philippines very appealing. As an SRRV holder, you’ll receive residency privileges and exemption from customs duties and taxes. You also have the option to earn from passive income like pensions, annuities, and investments. SRRV holders enjoy discounts and privileges for hotels, restaurants, and more.
There are four SRRV options you can choose from:
- SRRV Smile – Requires a deposit of $20,000. Best for retirees on a budget.
- SRRV Classic – Requires a deposit of $50,000. Most popular option with full benefits.
- SRRV Human Touch – Requires a deposit of $10,000. For retirees with relatives in the Philippines.
- SRRV Courtesy – For retired military personnel. Low visa deposit of $1,500.
Each option has different deposit amounts, but all provide residency, visa-free entry, and excellent benefits.
To qualify for the SRRV, you must be 35 years old or above and from a country that allows Filipino citizens to reside there as retirees as well. Required documents include passport, birth certificate, police clearance, and a medical certificate.
The step-by-step process involves choosing your SRRV option, preparing requirements, submitting your application to the Philippine Retirement Authority, issuing payment, and then receiving your SRRV visa.
Life with an SRRV provides an unmatched quality of life. Living costs are very affordable, especially for housing, transportation, and dining. Top hospitals and clinics provide excellent healthcare. Setting up finances is easy with international banks and ATMs everywhere. There are pristine beaches, scenic landscapes, and amazing heritage sites to experience. Entertainments like golf, casinos, festivals, and more are abundantly available.
The SRRV provides the easiest and best path to retire in the Philippines. With its benefits and privileges, retiring in the Philippines will feel like you’re in paradise. Send an email to kpborra@borralaw.com to start your application and begin an unforgettable retirement.