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SRRV ( Special Resident Retiree's Visa)

Discussion in 'Migrating to the Philippines' started by Peat, Nov 16, 2015.

  1. Peat
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    Peat Member

    Has anyone any experience of , or looked into this scheme or know of someone who has ?
  2. Aromulus
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    Aromulus The Don Staff Member

    After having had a read of the rules, I am even more adamant that my retirement years will be spent in Italy...

    http://www.pra.gov.ph/main/srrv_program?page=1
  3. Markham
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    Markham . Lifetime Member

    SRRV is an expensive way of retiring here.
  4. Micawber
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    Micawber Renowned Lifetime Member

    Agreed.

    But maybe if you're retired, single and determined to live in the Philippines it offers something.
  5. Markham
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    Markham . Lifetime Member

    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.
    • Like Like x 1
  6. Peat
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    Peat Member

    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 ?
  7. Micawber
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    Micawber Renowned Lifetime Member

    I guess you already reviewed the SRRV pages ?

    Here's the benefits page in case you missed it:-
    http://www.pra.gov.ph/main/srrv_program2/2?page=1
  8. Micawber
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    Micawber Renowned Lifetime Member

    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.
  9. Tygrrysek
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    Tygrrysek Active Member Trusted Member

    $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. :)
  10. Micawber
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    Micawber Renowned Lifetime Member

    Nothing wrong with that strategy of renewing tourist visa ...............so far.

    Where's the $20k come from ? Any link for that?
  11. Tygrrysek
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    Tygrrysek Active Member Trusted Member

    http://www.pra.gov.ph/main/srrv_program?page=1

    It can be even $50.000 :p
  12. Micawber
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    Micawber Renowned Lifetime Member

  13. Tygrrysek
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    Tygrrysek Active Member Trusted Member

    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. :)
  14. Anon04576
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    Anon04576 Well-Known Member

  15. Tygrrysek
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    Tygrrysek Active Member Trusted Member

    AMOUNT
    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. :p

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