Originally Posted by baboyako
PRINCIPAL APPLICANT
1. Duly accomplished Philippine Leisure and Retirement Authority Application Form ;
2. Original Passport with Valid Entry Status;
3. Medical Examination Clearance (if secured abroad, to be translated in English, if applicable, and authenticated by the Philippine Embassy/Consulate;
4. National Bureau of Investigation (NBI) Clearance from the Philippines or Police Clearance from abroad (to be translated in English, if applicable, and authenticated by the Philippine Embassy/Consulate)
5. 6 pieces of 1x1 and 6 pieces 2x2 Pictures
6. Bank Certification of Dollar Time Deposit – Inward Remittance to PLRA Accredited Banks (Instructions here; Telegraphic Transfer Form here)
7. Depository Requirements:
* 35 – 49 years old = US$ 75,000.00
* 50 years old and above = US$ 50,000.00
* Former Filipinos = US$ 1,500.00 (at least 35 years old but regardless of the number of dependents)
* Retired ADB employees = US$ 25,000.00 (50 years and above) = US$ 50,000.00 (below 50 years old)
* Retired Foreign Ambassadors = US$ 1,500.00
* Retired military personnel (and members of the diplomatic corps below Ambassador level) = US$ 50,000.00
* Additional Dependent (in excess of two) = US$ 15,000.00 (except Former Filipinos)
start saving
Thats an old document..
Heres the latest on the SRRV..
Bit cheaper for 35 yr old and MUCH cheaper for a 50+. only 10,000 US.
I would expect even more changes as the country targets more foreign retirees.
A retiree who applies for a Special Resident Retiree Visa (SRRV) has the option to enroll to the program based from his retirement status.
Retirement Option and their Required Time Deposit
- With Pension – 50 years. Old and above – the required time deposit is US$10, 000.00 plus a monthly pension of US$800.00 for a single applicant and US$1,000.00 for couple
- Without Pension
- 35 to 49 years old – US$50, 000.00 time deposit
- 50 years old and above – US$20, 000.00 time deposit
- Former Filipino Citizens (at least 35 years old, regardless of the number of dependents – US$1,500.00
- Ambassadors of foreign countries who served and retired in the Philippines, current and former staff members of international organizations including ADB - US$1,500.00
- A resident retiree can bring with him, without additional deposit, his spouse and a child who is unmarried and below 21 years old or if the spouse is not joining, two (2) children (provided they are unmarried and under 21 years of age.) Additional children with the same qualifications may also be allowed to join the principal retiree provided there is an additional deposit of US$15,000.00 per child. The said time deposit however, is subject the same and conditions with that of the principal deposit. This does not apply to former Filipino Citizens.
