The Philippines is a tropical paradise that offers low cost of living, high quality of life, and beautiful beaches. The Special Resident Retiree’s Visa (SRRV) program is a visa scheme that was created to attract expats and retirees to the country. With the help of the SRRV program, foreigners can stay in the Philippines indefinitely with ease. In this article, we will take you on a step-by-step guide on how to obtain Philippines SRRV residency for $1500.
What is SRRV?
SRRV or Special Resident Retiree’s Visa is a special non-immigrant visa designed for retirees or former Filipino citizens. This visa allows expats to stay in the Philippines with ease. The SRRV program was created to make it easier for foreigners to live in the country and boost its economy.
The SRRV program offers a host of benefits to expats, including:
1. Indefinite stay: Expats with SRRV can stay in the Philippines indefinitely.
2. Multiple-entry: SRRV holders can exit and re-enter the Philippines as many times as they want.
3. Tax-free remittance: SRRV holders don’t have to pay taxes on their remittances.
4. Exemption from exit clearance: SRRV holders don’t need to get an exit clearance when leaving the Philippines.
5. Exemption from customs duties: SRRV holders can import their personal belongings tax-free.
How to Obtain SRRV Residency for $1500?
The process of obtaining SRRV residency is easy and straightforward. Here’s what you need to do:
Step 1: Select SRRV type
There are several types of SRRV to choose from, depending on your needs. These include:
1. SRRV Smile (for those aged 35 and above)
2. SRRV Classic (for retirees aged 50 and above)
3. SRRV Human Touch (for those with medical needs)
4. SRRV Courtesy (for former Filipino citizens)
5. SRRV Expanded Courtesy (for former Philippine government officials and retired military personnel)
Check out the embassy website to choose the one that suits your needs.
Step 2: Submit documents
Once you have selected your SRRV type, the next step is to submit the following documents:
1. Application Form
3. Police Clearance Certificate
4. Medical Examination
5. Bank Certification
6. Six (6) 2×2 pictures
7. Payment of SRRV fees
Step 3: Pay Fees
The fees for SRRV residency are as follows:
1. SRRV Application fee: $140
2. SRRV Main fee: $1,400
3. Annual fee: $360
The total cost for SRRV residency is $1,900. However, you can obtain SRRV residency for $1,500 by availing of the promotional program.
Step 4: Receive SRRV
After you have submitted your documents and paid the fees, you will receive your SRRV within a few days. Congratulations, you are now a resident of the Philippines!
1. Can I work in the Philippines with the SRRV?
No, you cannot work in the Philippines with the SRRV. This visa is for retirees or those who want to live in the country.
2. Can I bring my family with me to the Philippines?
Yes, you can bring your family with you to the Philippines. They will need to apply for their own SRRV.
3. Is the SRRV renewable?
Yes, the SRRV is renewable annually.
4. Is there an age limit for the SRRV?
No, there is no age limit for the SRRV. However, the SRRV Smile is for those aged 35 and above, while the SRRV Classic is for retirees aged 50 and above.
The SRRV program offers a host of benefits to expats and retirees who want to live in the Philippines. With just $1500, you can obtain SRRV residency and enjoy the beauty of this tropical paradise. Remember to choose the SRRV type that suits your needs, submit the required documents, pay the fees, and receive your SRRV. Happy journey!