SRRV Retirement Visa

The Special Resident Retiree's Visa (SRRV) is the Philippines' flagship retirement program administered by the Philippine Retirement Authority (PRA). Revised guidelines effective September 2025 now allow applicants aged 40-49 (previously 50+) with higher deposit requirements. SRRV Classic requires deposits of $10,000-$30,000 depending on age and pension status. SRRV Courtesy offers reduced deposits ($1,500-$6,000) for former Filipinos, retired diplomats, and military personnel. The visa grants indefinite stay with multiple-entry privileges. Benefits include income tax exemption on pensions/annuities, duty-free import of household goods up to $7,000, and travel tax exemption for stays under one year. SRRV holders can work with an Alien Employment Permit. Processing takes minimum 20 working days at PRA offices in Makati, Cebu, Davao, or Clark.

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Processing Time

Minimum 20 working days

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Cost

$1,500 application fee (principal) + $300 per dependent

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Duration

Indefinite, as long as deposit maintained

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Work Rights

Can work with Alien Employment Permit (AEP)