Philippines Special Resident Retiree's Visa (SRRV)

What it is: The Special Resident Retiree's Visa (SRRV) is a special visa pathway administered by the Philippine Retirement Authority (PRA) and issued by the Bureau of Immigration upon PRA endorsement. It is designed to allow long-term residence for retirees and qualifying applicants.

Core eligibility: PRA materials describe an eligibility minimum age of 40 and a refundable visa deposit (time deposit) that varies by category (for example, pensioner vs non-pensioner and age band). Published figures include deposits such as USD 15,000 for certain pensioner categories, rising to USD 50,000 for some non-pensioner categories. Special categories (for example, courtesy classifications) may have different fee structures.

Investment and use of deposit: depending on the SRRV type, the visa deposit may be held as a time deposit and, in some cases, can be converted into certain qualifying investments under PRA rules (confirm the applicable category rules at time of application).

Process timing: end-to-end timelines vary by completeness of documentation and external clearances. PRA notes that some banking steps (for example, notarized bank certification for deposits) can take around 7 to 10 working days after remittance.

Tax note: SRRV is not, by itself, a tax regime. Philippine tax exposure depends on whether the applicant is treated as a resident citizen, resident alien, or other classification, and on source-of-income rules.