Special Resident Retiree's Visa

1. What
information
you need to
know about
retirees?
SPECIAL RESIDENT
RETIREE’S VISA
(SRRV)

2. QUESTION: What is S.R.R.V.?
INTRODUCTION

3. - S.R.R.V. is the antonym of Special
Resident Retiree’s Visa
INTRODUCTION

4. QUESTION: What is S.R.R.V. for?
INTRODUCTION

5. - Option to retire permanently. This
means, retiree may live, work, and
study in the Philippines like a Philippine
citizen
INTRODUCTION

6. - Multiple Entry Privileges. This means
retiree may travel outside the
Philippines and re-enter anytime
INTRODUCTION

7. Exemption from:
- Income tax over your pension and
annuities;
- Exit and re-entry permits of the Bureau
of Immigration;
- Annual registration requirements of
Bureau of Immigration
INTRODUCTION

8. Exemption from:
- Customs Duties and Taxes with regard
to the importation of household goods
and personal effects up to
US$7,000.00;
- Travel tax, if stay in the Philippines is
less than one year from the last entry
date;
- I-Card
INTRODUCTION

9. - PRA can assist you in obtaining basic
documents from other government
agencies like:
 DOLE – Alien Employment Permit
 LTO – Driver’s License
 DOF – Tax Exemption / Extension
Certificate
 NBI - Clearance
INTRODUCTION

10. QUESTION: How will a retiree
enroll?
INTRODUCTION

11. A retiree who applies for a (SRRV) has the
option to enroll to the program based from
his retirement status.
INTRODUCTION

12. STATUS #1: w/ Pension
AGE: 50 yrs. old & up
TIME DEPOSIT: US$ 10,000.00
MONTHLY PENSION: US$ 800.00 (single
applicant) and US$ 1,000.00 (couple)
INTRODUCTION

13. STATUS #2: w/o Pension
AGE: 35 to 49 yrs. old
TIME DEPOSIT: US$ 50,000.00
MONTHLY PENSION: none
INTRODUCTION

14. STATUS #2: w/o Pension
AGE: 50 yrs. old and above
TIME DEPOSIT: US$ 20,000.00
MONTHLY PENSION: none
INTRODUCTION

15. STATUS #2: w/o Pension and Former
Filipino Citizens
AGE: at least 35 yrs. old
TIME DEPOSIT: US$ 1,500.00
MONTHLY PENSION: none
INTRODUCTION

16. STATUS #2: w/o Pension and
Ambassadors of foreign countries who
served and retired in the Philippines,
current and former staff members of
international organizations including ADB
TIME DEPOSIT: US$ 1,500.00
MONTHLY PENSION: none
INTRODUCTION

17. STATUS #3: Resident retiree can bring with
him, without additional deposit, his
spouse and a child who is unmarried and
below 21 yrs. old or if the spouse is not
joining, two (2) children (provided they are
unmarried and under 21 yrs. of age)
INTRODUCTION

18. STATUS #3: Resident retiree can bring with
him additional children with the same
qualifications may also be allowed to join
the principal retiree provided there is an
additional deposit of US$ 15,000.00 per
child. The said time deposit however, is
subject the same and conditions with that
of the principal deposit. This does not
apply to former Filipino Citizens.
INTRODUCTION

19. NOTE: The PRA Accredited banks agree to
accept any acceptable foreign currency
equivalent to the requisite amount for
deposit in the accounts, provided that it
shall be credited to the account as the
United States Dollars or Philippine Pesos
equivalent.
INTRODUCTION

20. QUESTION: Who are eligible to
avail?
INTRODUCTION

21. - At least 35 yrs. Old
- Without criminal record
- Meeting medical standards
- Meeting the investment requirement
INTRODUCTION

22. QUESTION: Where will the retiree
avail?
INTRODUCTION

23. - Personally appear at the PRA office
located at the 29th floor Citibank Tower,
Paseo de Roxas, Makati City
INTRODUCTION

24. QUESTION: What are the
requirements?
INTRODUCTION

25. 1. Principal Retiree Applicant
2. Spouse
3. Dependent/s
INTRODUCTION

26. QUESTION: What is the Principal
Retiree Applicant?
INTRODUCTION

27. 1. Duly accomplished SRRV Application Form
2. Original Passport with Valid Entry Visa
3. Medical Examination Clearance
4. Police Clearance (from country of origin)
5. NBI Clearance
6. 12 pcs. – 2x2 ID Pictures
7. Additional Proof of Relationship for
joining Spouse / Child
8. Bank Certificate of Time Deposit Inwardly
Remitted to any PRA Accredited Banks
INTRODUCTION

28. QUESTION: How much are the
Application Fees?
INTRODUCTION

29. 1. US$ 1,400.00 for the principal
2. US$ 300.00 for each Spouse / Child
NOTE: One-time payment only
INTRODUCTION

30. QUESTION: What is the Monetary
Obligations of the retiree?
INTRODUCTION

31. 1. US$ 360.00 PRA Annual Fee upon
enrolment and every year thereafter
(inclusive of principal, and two
dependents)
INTRODUCTION

32. 2. US$ 100.00 for each dependent in
excess of two
INTRODUCTION

33. QUESTION: Where will the retiree
deposit his obligations?
INTRODUCTION

34. Development Bank of the Philippines
(DBP)
INTRODUCTION

35. “Think BIG
about what you want to achieve.
Think SMALL
about how to achieve it.”
- SUN TZU, Strategies for Marketing
END