Benefits of SRRV Holder (Special Resident Retiree's Visa)

[smallbird]

More from the Philippine Retirement Agency website PRA: Philippine Retirement Authority

Being a holder of Special Resident Retiree's Visa (SRRV) , one can have the following benefits:

1. Option to Retire Permanently
• You may live, work and study in the Philippines

2. Multiple Entry Privileges
• You may travel outside the Philippines and re-enter anytime

3. Exemptions from:
• Income tax over your pension and annuities;
• Exit and re-entry permits of the Bureau of Immigration;
• Annual registration requirement of the Bureau of Immigration;
• Customs Duties and Taxes with regard to the importation of household goods and personal effects up to US$7,000.00;
• Travel tax, if you stay in the Philippines is less than one year from the last entry date; and
• I-Card

As an SRR Visa holder, the PRA can assist you in obtaining basic documents from other government agencies. These include, but are not limited to:

• Alien Employment Permit
• Driver's License
• Tax Exemption/Extension Certificate
• Tax Identification Number
• National Bureau of Investigation (NBI) Clearance

click here for on-line application PRA: Philippine Retirement Authority

[The Dane]

• You may live, work and study in the Philippines

As an SRR Visa holder, the PRA can assist you in obtaining basic documents from other government agencies. These include, but are not limited to:

• Alien Employment Permit

then why would the alien need an Employment Permit?

[smallbird]

PRA would know better, i don't know the technicalities better visit the site.

[resident visa philippines]

Hello there. Thank you for that very informative post.

[pfotoguy]

I've been looking into this as I had a retirement visa in Thailand and was interested in doing the same thing in the Philippines.

A friend of my has one and suggested I take a look.

you do have to make a cash investment in my case I heard it was 20k US.

I wrote to someone that handles the paper work for this and this was part of his reply:

In answer to your queries the amount invested varies according to the circumstances and age of the applicant and ranges from USD10,000 to 50,000. These funds may be either left in a PRA accredited bank in the form of a CD which gains interest or used for various investments including purchase of a condo unit or long-term lease of a townhouse.
I think that it is best that you visit my office and decide for yourself whether or not it is to your advantage to apply for an SRRVisa.

I don't have a problem with making a 20K deposit. In Thailand you have to do the same and it has to remain untouched for 3 months.
after the visa is issued you can use the money.

But in this case YOU have to leave the money invested...
personally I don't want to buy a condo or lease a town house or buy a market account.

So I'm not sure for me it's a way to go.

Maybe just stick with the ARC card and doing immigration every 2 months