Quote Originally Posted by Paul77 View Post
I'm currently in the Philippines and going to apply for residency.One of the requirements states Proof Of financial capacity of applicant during their permanent residence in the Philippines.

Does anybody know what sort of money i need in a Philippines bank account to pass this requirement.
Paul, it's a little bit like the 'old' UK settlement visa used to be. There's not any specific amount.
There's plenty of folk going to tell you all sorts of stuff, but I can assure you there's nothing YET written down. Period.

For what it's worth, I can tell you that the the SRRV visa ([B]S[/Bpecial Resident Retirees Visa) demands a pension income of US$800.00 for single applicant and US$1,000.00 for a married couples. Logically then this could be claimed to be adequate. But again I say nothing is written down.

As you know Paul things in the Philippines can get decided on things other than rules and regulations. They can be decided just as much on situation and personality.

The key is to show you will not become a burden on the state.
If you aren't able to show a regular income stream in line with the SRRV, then you'll need to show some extra amount of cash savings at the bank. Again everyone's going to have a different interpretation on how much would be adequate. But again if you look at the SRRV rrequirement your looking at US$10,000.

Paul I'm not suggesting the figures I mention are definitive. I'm just say there's nothing specified but the SRRV COULD be used as a logical and fully documented and accepted guide within Philippine BI.