RetirementActive

Philippines SRRV Retirement Visa

Philippines · Asia

3.0
Editorial Score

Min Monthly Income

$800

Application Fee

$300

Processing Time

—

Difficulty

Moderate

Duration

—

Path to Citizenship

—

Overview

The SRRV is a special non-immigrant visa for retirees aged 50+ with a monthly pension of USD 800+ (single) or USD 1,000+ (with dependents), requiring a USD 10,000 time deposit in a PRA-accredited Philippine bank. Holders enjoy indefinite stay with multiple-entry privileges, tax exemptions on pensions, and can bring spouses and unmarried children under 21.

Eligibility Requirements

RequirementDetails
NationalityOpen to all nationalities

Foreign nationals and former Filipino citizens eligible; some restricted nationalities excluded

Minimum Age35 years
Minimum Income$800 USD/month
Accepted Income SourcesPension / Social Security
Social Security CountsYes
Pension / Annuity RecognizedYes
Minimum Savings$10,000 USD
Minimum Investment$10,000 USD
Application Fee$300 USD
Renewal Cost$360 USD/year
DependentsAllowed
Local Work PermittedNo
Health InsuranceNot required
Local Bank AccountRequired
Physical PresenceNot specified
Max Consecutive AbsenceNot specified
RenewableYes
DurationNot specified
Leads to PRYes

Requirements Checklist

- **Identity Documents:**

- Original passport with valid tourist visa (at least 1 month validity)

- 8 recent 2x2-inch photos (white background, within 3 months)

- For former Filipinos: old Philippine passport or PSA birth certificate

- **Clearances:**

- Police clearance from country of origin/residence (last 6 months, within 6 months issuance)

- Bureau of Immigration Clearance Certificate (BICC)

- NBI Clearance (if stayed >90 days in Philippines)

- **Health:**

- Medical certificate (issued within 6 months)

- **Financial Proof:**

- Bank certificate/proof of inward remittance (min USD 10,000 deposit to PRA-accredited bank)

- Proof of lifetime pension (USD 800/month single, USD 1,000 with dependents)

- **Dependents (if applicable):**

- Passports, medical/police clearances (spouse/children 18+), apostilled/authenticated marriage/birth certificates

- USD 300 fee per dependent

- **Application:**

- Accomplished PRA application form

- PRA processing fee USD 1,500 (principal)

Note: Foreign docs need English translation and apostille/authentication by Philippine embassy if not in English. PRA may request extras.

📍 Application location: Applications are submitted in-country at Philippine Retirement Authority (PRA) offices after arriving on a valid tourist visa. You must have a tourist visa valid for at least 1 month during processing and extend if necessary. No consulate application; all via PRA then endorsed to Bureau of Immigration.

Tax Information

Tax Regime:Territorial (foreign income exempt)

Exemption from tax on pensions and annuities for SRRV holders

Work Permissions

·Local employment: Not permitted
·Accepted income sources: Pension / Social Security

Application Steps

  1. 1

    📋 Research SRRV options and eligibility

    1-2 days

  2. 2

    📋 Enter Philippines on valid tourist visa

    Same day

  3. 3

    📄 Gather identity and clearance documents

    2-4 weeks

  4. 4

    📄 Get medical certificate and photos

    1 week

  5. 5

    📄 Make inward remittance for deposit

    3-7 days

  6. 6

    📋 Complete PRA application form

    1 day

  7. 7

    📬 Submit application at PRA office

    1 day

  8. 8

    ⏳ Wait for PRA endorsement and BI issuance

    not specified

  9. 9

    🏛️ Receive SRRV and pay annual fee

    Same day

FAQ

Frequently Asked Questions

Click any question to expand the answer.

The minimum monthly income required is USD 800 for single applicants. For applicants with dependents, it increases to USD 1,000 per month. This must come from a lifetime pension or qualifying sources like Social Security.
Yes, U.S. Social Security counts toward the income requirement as the structured data confirms Social Security counts and pension income is recognized. You need proof of at least USD 800/month for singles or USD 1,000/month with dependents.
Pension income qualifies, including annuities and Social Security. The minimum is USD 800/month for singles and USD 1,000/month with dependents. Investment income or other sources are not specified as qualifying.
Yes, dependents are allowed including spouse and unmarried children under 21. Each additional dependent beyond two may require extra deposits per scraped sources, though structured data does not specify the percentage increase.
The minimum age is 35, though practically it's 50 according to structured data. Applicants must be 40+ per official sources for principal eligibility.
No, local work is not permitted on this visa. SRRV holders are exempt from needing separate work permits but cannot engage in employment.
Yes, it leads to permanent residency. The visa provides indefinite stay and multiple entry privileges equivalent to PR status.
The duration is not specified but it is renewable. Annual fees apply for renewal, around USD 360.
SRRV holders are exempt from tax on pensions and annuities. The Philippines has a territorial tax regime, taxing only local income.
Yes, a local bank account is required. Deposits must be made via inward remittance to a PRA-accredited bank.
Common denials stem from insufficient pension proof, inadequate deposits (min USD 10,000 savings), or issues with police clearances and medical certificates per sources. Nationality restrictions may apply for certain countries.

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At a Glance

Renewable✓ Yes
Dependents✓ Allowed
Leads to PR✓ Yes
Local Work✗ Not permitted
Health InsuranceNot required
Local Bank AccountRequired
SS Income Counts✓ Yes
Pension Recognized✓ Yes
Admin Ease1.2/5

Last verified: May 13, 2026

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