Retirement in the Philippines is easier than you think!
SRRV Retirement Visas
The special Resident Retiree's Visa (SSRV) is a special non-immigrant visa for foreign nationals who would like to make the Philippines their second home or investment destination.
Low cost of living
Many choose to retire overseas in order to find a lower cost of living. The Philippines doesn't disappoint, and most expats can live comfortably on about $800 to $1,200 a month – including dining out and in-country travel – according to InternationalLiving.com. An average retired U.S. worker's Social Security benefit is in the range of $1,404 per month, which means your monthly benefit alone could be enough to cover your basic living expenses in the Philippines. An added perk: Household help is very affordable, so it's possible – even on a tight budget – to hire someone to help with the cooking and cleaning.
The Philippines welcomes expats, and even has a government agency dedicated to attracting foreign retirees. Expats here receive a number of financial benefits, including discounts for the 60+ crowd, the duty-free import of $7,000 worth of household goods and exemption from airport travel taxes. In addition, expat residents are allowed to work or start a business. Also, helpful: once you have permanent residency, you can stay in the Philippines for as long you like (your retiree visa does not expire), and you can leave and return without reapplying for residency.
The Philippines is known for its tropical climate and natural beauty. From the tops of its lush mountains to its colourful coral reefs – and everywhere in between – it's easy to be in awe of your surroundings almost anywhere in the country.
With 7,641 islands, the Philippines offers countless options to match your needs and prove that it's truly more fun in the country. From beaches places like Boracay in Aklan, with its white sand and crystal-clear blue water, and El Nido in Palawan, mountains and natural wonders to historical landmarks, nature adventures and recreational places, the Philippines will suit your interests, tastes and wishes.
Let FIDCO deal with all the paperwork and administration of your application, this is our professional business, it's what we do and we will be with you all the way with our one stop personalised service ensuring everything goes smoothly. FIDCO Philippines Inc. is a fully accredited processor of SRRV Visas in the Philippines - registered with the Philippine Retirement Authority (PRA). Backed by our team of seasoned professionals including legal and financial advisors we are here to assist and help and not just to conclude the Visa application but ongoing with whatever support you may require - whether it is a home purchase, healthcare, arranging bank accounts, investments or any other needs, we are a friendly source of support and advice.
FIDCO Philippines Inc. is a fully accredited processor of SRRV Visas in the Philippines - registered with the Philippine Retirement Authority (PRA).
Backed by our team of seasoned professionals including legal and financial advisors we are here to assist and help and not just to conclude the Visa application but ongoing with whatever support you may require - whether it is a home purchase, healthcare, arranging bank accounts, investments or any other needs, we are a friendly source of support and dvice.
Types of SRRV Retirement Visa:
|SRRV Smile||SRRV Classic||SRRV Human Touch||SRRV Courtesy|
|BOND DEPOSIT||BOND DEPOSIT||BOND DEPOSIT||BOND DEPOSIT|
|US$20,000.00 35 yrs old and above||US$ 50,000 for 35 to 49 yrs, US$ 10,000 with a pension, US$ 20,000 without a pension for 50 yrs & above||US$10,000.00||US$10,000.00|
|Fixed lump sum non-convertible cannot be applied to investment such as condominium purchase - but is refundable under termination||Age dependent pricing - flexible use of funds for investment and condominium purchase||50 years old and above for ambassadors/retired diplomats who served in the Philippines = $1,500.00||For former Filipinos, 35 years old & above. For foreign nationals, 50 years old & above, who are retired officers of International Organizations recognized by the Department of Foreign Affairs (DFA)|
Government Processing Fee is USD1,400.00 for the Principal Applicant and 300.00 for each dependent. For dependents 3 and above an additional USD 15,000.00 for each is required to be added to the deposit bond. Valid dependents include: spouse and children under age of 21 at the time of application (they may remain under the Principal until the age of 34, thereafter if they wish to remain, they are required to make a seperate application as a Principal Applicant. SRRV Visas need to be renewed with the PRA annually, the government fee is USD 360.00 for each renewal and USD 100.00 for each dependent over and above 3 in number. FIDCO can handle renewals if requested our fee is USD 750.00 per visa).
|SRRV Smile||SRRV Classic||SRRV Human Touch||SRRV Courtesy|
Applicants will need to be in the Phillippines during the application process. Whilst processing may be accomplished as quick as 2 weeks it is more comfortable to allow 4 weeks, as may be the case if muliple dependents are included. FIDCO will be on hand to assist and guide at every stage with the various activities associated with the process.
For a free of charge assessment of your circumstances and best advice of your options please complete the questionnaire and submit.
SRRV VISA PROCESSING
FIDCO's One-Time processing Fees will fully cover the following:
- Reviewing personal details of the applicant (including dependents if applicable) and providing the applicant with the various options and guidance to enable the Applicant to make an informed choice and apply.
- 2)Preparing for the Applicant(s) the necessary application documentation for submission to the Philippine Retirement Authority.
- 3)Coordinating NBI and Police clearance.
- 4)Coordinating with the Applicant the required banking arrangement to receive the incoming Visa deposit – certifying the bank proof of receipt of funds.
- 5)Coordinating payment submission by the Applicant of required government fees to obtain the Visa(s) and certifying payment proof.
- 6)Providing all legal certification/notarising of Applicant’s documents (passport, ID, proof of residency, medical documents, pension documents etc).
- 7)Preparing and handling any visa extensions required by Immigration during the application process.
- 8)Arranging and covering the costs of medical examination(s) for the Applicant(s) carried out by a PRA accredited medical facility.
- 9)Liaising with PRA to ensure all requests for information are expedited and answered.
- 10)Assisting the client with logistics, attending meetings and guide support whilst they are in Manila during the application process.
Note: Our Fees are not included within the required visa bond and do not include the Government application fees.