About the SRRV
The Special Resident Retiree's Visa (SRRV) is a special non-immigrant visa issued by the Bureau of Immigration of the Philippines, under the retirement program of the Philippine Retirement Authority (PRA). It is designed to attract foreign nationals and former Filipino citizens to live and retire long-term in the Philippines.
Benefits of an SRRV holder
Explore the perks of being an SRRV holder. Enjoy retirement in the Philippines.
- Permanent residency in the Philippines — Live with permanent residency status in the Philippines.
- Multiple entry and indefinite stay — Enter and exit the Philippines freely and stay indefinitely.
- Discounts and privileges from PRA-accredited Merchant Partners — Get discounts and privileges from PRA-accredited merchant partners.
- PRA Newsletter subscription — Receive updates through the PRA newsletter.
- Assistance in transacting with other government agencies — Get help when transacting with other government agencies.
- PhilHealth Insurance Special Rate — Access PhilHealth insurance at a special rate.
- Exemption from: — Bureau of Immigration's Annual Reporting and the Alien Certificate of Registration (ACR) Identity Card; Bureau of Immigration Exit/Re-entry Permits; Customs duties and taxes for one-time importation of household goods and personal effects up to USD 7,000.00; Tax on pensions and annuities; Travel Tax; Separate work/student visa or permits.
SRRV Classic
An SRRV option for principal retirees, pensioners or non-pensioners, who may opt to use the visa deposit / requisite dollar time deposit for investment purposes allowed under the SRRV program.
Visa deposit
| 50 years old and above | 40-49 years old | |
|---|---|---|
| Pensioner | USD 15,000.00 | USD 25,000.00 |
| Non-pensioner | USD 30,000.00 | USD 50,000.00 |
Proof of lifetime pension of at least USD 800.00/month for single applicants and USD 1,000.00/month for applicants with dependents.
SRRV Courtesy for Foreign Nationals
An SRRV option for principal retirees under special categories such as retired diplomats, officers of international organizations recognized by the Philippine Department of Foreign Affairs, retired military service members from countries with recognized bilateral relations with the Philippines, and high achievers in academic, business, arts, culture, music, sports, including philanthropists.
Visa deposit
| 50 years old and above | 40-49 years old | |
|---|---|---|
| Pensioner | USD 1,500.00 | USD 3,000.00 |
| Non-pensioner | USD 1,500.00 | USD 6,000.00 |
SRRV Courtesy for Former Filipinos
An SRRV option for Filipino retirees that are naturalized in other countries and have not re-acquired Filipino citizenship.
Visa deposit
| 50 years old and above | 40-49 years old |
|---|---|
| USD 1,500.00 | USD 3,000.00 |
Qualified applicants
40 years old and above. Includes foreign nationals and former Filipino citizens.
Spouse legally married to the principal retiree; Children unmarried and below 21 years old upon application, including legitimate and legally adopted children.
Basic requirements for principal applicants
Below are the basic documents and fees required for an SRRV application. The PRA reserves the right to request additional documents and information to validate application. Visa deposit of USD 15,000.00 is required for each additional dependent in excess of two, except for former Filipinos.
- Original passport with valid tourist visa — Must have valid tourist visa without restrictions, valid for at least 1 month while processing the SRRV. If it expires during processing, applicant must have it extended.
- Accomplished PRA application form — PRA application form fully accomplished.
- Medical certificate — Issued within 6 months before submission.
- Police clearance — From country of origin or residence for the last 6 months, issued within 6 months before submission.
- Bureau of Immigration Clearance Certificate (BICC) — Required clearance from the Bureau of Immigration.
- National Bureau of Investigation (NBI) clearance — For applicants who have stayed more than 90 days in the Philippines prior to submission.
- Photos — Eight recent, high-quality, 2x2-inch pictures with white background, taken within 3 months prior to submission.
- PRA processing fee of USD 1,500.00 — Or its equivalent amount in pesos.
- Bank certificate / proof of inward remittance — Requisite dollar deposit sent as inward remittance from any bank abroad to a PRA-accredited bank of choice.
Where to remit the visa deposit
Indicate the following as remittance purpose: SRRV deposit of (complete name of principal SRRV applicant as shown in passport), date of birth, passport number.
Development Bank of the Philippines (DBP) - accredited government bank: DBP will provide PRA with a notarized bank certification within 7-10 working days after receiving the remittance.
Accredited private banks:
- Philippine National Bank (PNB) - all branches
- Banco de Oro - Pacific Star and Cebu IT Park branches only
- KEB Hana Bank - Manila Branch (Makati Ave. cor. Paseo de Roxas)
- UnionBank - all branches
- Bank of Commerce - all branches
- Shinhan Bank - Manila Branch (RCBC Savings Corporate Center)
Private banks will provide PRA with the bank certificate within 3-5 banking days from the remittance date.
- 01Request a Letter of Introduction (LOI) from PRA
Email srrvwalkin@pra.gov.ph with bank name, branch name and address, SRRV option and amount to be remitted, and copy of principal applicant's passport bio page.
Pre-requisite for private banks
PRA annual fee
This fee is payable upon joining the program and every year thereafter as long as the retiree is a holder of the SRRVisa. This must be paid in cash (in USD or PHP) at the PRA office or deposited into PRA's Land Bank of the Philippines account.
| SRRV Classic | SRRV Courtesy - Foreign National | SRRV Courtesy - Former Filipino | |
|---|---|---|---|
| Principal + 2 dependents | USD 360.00 | USD 100.00 | USD 50.00 |
| Each dependent in excess of 2 | Additional USD 100.00 | Additional USD 10.00 | Additional USD 10.00 |
Additional documents for principal retirees under certain circumstances
- Proof of lifetime pension · Pensioner — At least USD 800.00/month for single applicants and USD 1,000.00/month for applicants with dependents.
- Proof of former Filipino citizenship · Former Filipinos — Old Philippine passport or birth certificate issued by the Philippine Statistics Authority.
- Proof of qualification under SRRV Courtesy for Foreign Nationals · Retired military officers / diplomats from international organizations — For example, proof of military service, certificate of employment from international organizations recognized by DFA, or other documents to be determined by PRA.
- Supplementary requirements · Applicants from PRA-identified countries — Birth certificate, national ID, social insurance record or retirement certificate.
Requirements for dependent applicants
Spouse and children can be included as dependents on the initial application or added after the principal applicant has an approved SRRVisa. All documents issued outside the Philippines must be translated into English (if not already in English), and either apostilled by the appropriate government authority or authenticated by the Philippine Embassy or Consular Office.
- Original passport — With valid tourist visa.
- Accomplished PRA application form
- Medical certificate — Original PRA medical certificate issued within 6 months prior to submission.
- Police clearance — Original police clearance (and NBI clearance, if necessary) for spouse, and for children 18 years old and above.
- Bureau of Immigration Clearance Certificate (BICC)
- Apostilled/authenticated proof of relationship — For example, marriage certificate for spouse and birth certificate for child.
- Photos — 8 pieces, 2x2 inch.
- Application fee of USD 300.00 for each joining dependent