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Discussion in 'Migrating to the Philippines' started by Peat, Nov 16, 2015.
Has anyone any experience of , or looked into this scheme or know of someone who has ?
After having had a read of the rules, I am even more adamant that my retirement years will be spent in Italy...
SRRV is an expensive way of retiring here.
But maybe if you're retired, single and determined to live in the Philippines it offers something.
The problem is that unless you have family here - in which case a SRRV is the worst possible option - the government benefits hugely at the time of your demise. And the SRRV has considerably higher annual charges than that for settlement visas.
A far better visa is a settlement quota visa which has a relatively high one-off cost but then only costs Php316 a year to maintain - the Annual Report fee.
Many thanks for your replies ; but what I don't understand is why the Philippine government introduced it.
By the way, regarding uk premium bonds does anyone have any experience in how they are treated here ?
I guess you already reviewed the SRRV pages ?
Here's the benefits page in case you missed it:-
I cashed-in the few I had but I did contact the National Savings & Investments folks who were quite helpful.
There were too many documents they wanted me to supply at that time so I didn't bother.
Best get in touch with them for the latest requirements.
You'll need a UK bank account and a Philippine Tax Identification Number at least.
I couldn't get the TIN without my ACR anyway. I don't know how that works with SRRV
I still haven't gotten around to getting my TIN but I have a plan for doing so in January.
$20.000 ? That's quite a big amount of money.
When I was in Palawan last time I stopped in some b&b running by the Canadian guy and he told me he stays on the travel visa all the time. When the time running out he just travel abroad to Singapore or other close country and when he came back the time on the visa is renewed.
Nothing wrong with that strategy of renewing tourist visa ...............so far.
Where's the $20k come from ? Any link for that?
It can be even $50.000
Ahh, my bad, you're a young buck then.
If you don't have the $20k that's tough
It's not about what I have but I just don't like to throw my money away if there's a better options.
BTW. I just consider now to come to live in Philippines. That's what make me to read this topic.
As Markham previously stated, maybe this is an alternative?
You will have to confirm reciprocation between Poland and Philippines.
Application Fee P 10,000.00
Legal Research Fee P 20.00
Certificate Fee P 1,010.00
Total P 10, 520.00
They are not good in maths.