Philippines Special Resident Retiree's Visa (SRRV)
Philippines PHL
Last verified 2025-01-01Official source
The Philippines Special Resident Retiree's Visa (SRRV) is a permanent residency programme administered by the Philippine Retirement Authority for foreign nationals aged 35 and above, requiring a time deposit of $20,000 to $50,000 USD in a Philippine Retirement Authority-accredited bank depending on the applicant's age and pension status. The visa grants permanent multiple-entry residency status immediately upon approval, with no minimum annual stay requirement, and holders are exempt from obtaining re-entry permits. The deposit earns interest and may be used for approved investments in real estate after two years.
Program Details
- Category
- Retirement
- Processing Time
- 2 months
- Application Fee
- $1,400
- Minimum Income
- N/A
- Minimum Investment
- $20,000
- Family Included
- Spouse and up to two unmarried dependent children under 21 may be included; additional $15,000 deposit required per additional dependent beyond the first two
- Path to PR
- Yes — 0 years
- Path to Citizenship
- No
- Physical Presence
- No minimum annual stay requirement; visa is permanent and multiple-entry, valid as long as the deposit is maintained
- Dual Citizenship
- Allowed
- Tax Impact
- SRRV holders who spend 180+ days per year in the Philippines may become tax residents subject to Philippine income tax on Philippine-source income. Foreign pension income is generally exempt from Philippine income tax.
- Renewal Cost
- $360
Key Requirements
- ✓Age 35 or above
- ✓Required time deposit: $10,000 for those 50+ with pension, $20,000 for those 35–49 with pension, or $50,000 for those without a qualifying pension (all USD)
- ✓Proof of pension income of at least $800/month (individual) or $1,000/month (couple) — required for reduced deposit tiers
- ✓Deposit placed in a Philippine Retirement Authority-accredited bank
- ✓Valid passport
- ✓Clean criminal record (NBI clearance or equivalent from home country)
- ✓Medical certificate and health insurance
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