Enrollment Options
A retiree who applies for a Special Resident Retiree Visa (SRRV) has the option to enroll
to the program based from his retirement status.
Retirement Option and their Required Time Deposit |
- With Pension – 50 years. old and above – the required time deposit is US$10,000.00 plus a monthly pension of US$800.00 for a single applicant and US$1,000.00 for couple.
- Without Pension
- 35 to 49 years old – US$50, 000.00 time deposit
- 50 years old and above – US$20, 000.00 time deposit
- Former Filipino Citizens (at least 35 years old, regardless of the number of dependents – US$1,500.00
- Ambassadors of foreign countries who served and retired in the Philippines, current and former staff members of international organizations including ADB - US$1,500.00
- A resident retiree can bring with him, without additional deposit, his spouse and a child who is unmarried and below 21 years old or if the spouse is not joining, two (2) children
(provided they are unmarried and under 21 years of age.) Additional children with the same qualifications may also be allowed to join the principal retiree provided there is an additional
deposit of US$15,000.00 per child. The said time deposit however, is subject the same and conditions with that of the principal deposit. This does not apply to former Filipino Citizens.
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Note :
The PRA Accredited banks agree to accept any acceptable foreign currency equivalent to the requisite amount for deposit in the accounts, provided that it shall be credited to the account as the
United States Dollars or Philippine Pesos equivalent.
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