Philippines Philippines SRRV Classic — Residency Program
🏠 OVERVIEW
Country
🇵🇭 Philippines
Program
Philippines SRRV Classic
Local Name
Special Resident Retiree's Visa
Type
Retirement
Status
Active
Renewable
Yes
Permanent residency for retirees aged 40+ with US$15,000-$50,000 deposit depending on age and pension status.
🪙 INVESTMENT OPTIONS
| Type | Tier/Zone | Min Amount | USD Equivalent | Holding | Returnable | Required |
|---|---|---|---|---|---|---|
| Bank deposit | Age 50+ with pension | USD 15,000 | $15,000 | -- | Yes | Required |
| Bank deposit | Age 50+ no pension | USD 30,000 | $30,000 | -- | Yes | Required |
| Bank deposit | Age 40-49 with pension | USD 25,000 | $25,000 | -- | Yes | Required |
| Bank deposit | Age 40-49 no pension | USD 50,000 | $50,000 | -- | Yes | Required |
💰 FINANCIAL REQUIREMENTS
Savings Required
$15,000
Application Fee
$1,500
📋 ELIGIBILITY
Min Age
40+
Criminal Record Check
Required
Health Check
Required
Health Insurance
Not required
💼 WORK RIGHTS
Employment
Not allowed
Self-Employment
Not allowed
Own Business
Not allowed
Work Permit Included
No
👨👩👧 FAMILY & DEPENDENTS
Dependents Allowed
Yes
Spouse Included
Yes
Max Child Age
21
Parents Allowed
No
Extra per Dependent
$15,000
💰 TAX DETAILS
Tax Regime
Worldwide
Regime Name
Philippines progressive tax (0-35%)
Foreign Income Taxed
Yes
Capital Gains Taxed
Yes
🏆 PATH FORWARD
Permanent Residency
Yes
Dual Citizenship
Allowed
Citizenship
No
🌍 BENEFITS & MOBILITY
Bank Account
Can open
Property Purchase
Allowed
Public Healthcare
No access
📝 HOW TO APPLY
Method
in country
Processing Time
14–30 days
Apply from Abroad
No
📝 NOTES
Deposit requirements (revised Sep 2025): Age 50+ with pension: $15,000; Age 50+ without pension: $30,000; Age 40-49 with pension: $25,000; Age 40-49 without pension: $50,000. Deposit can be converted to real estate/long-term lease. Application fee increased to $1,500 in 2025. $15,000 per additional dependent beyond 2.
📋 ALSO IN PHILIPPINES
Philippines also offers a digital nomad visa for remote workers:
- Digital Nomad Visa (digital nomad visa)