- Official page https://pra.gov.ph/ https://pra.gov.ph/SRRVisa
- Investment options updated
optional USD 50,000 condominium or long-lease conversion added. It is not a second entry deposit (pra.gov.ph,%201st%20Edition.pdf).
PH
Philippines SRRV Classic
Active
Territorial
Philippines · Special Resident Retiree's Visa · Retirement · apply in country · processing 30–45 days
Minimum investment
$15,000
5 investment options
Stay
—
Application fee
$1,500
Tax
Territorial
Philippine-source income tax (0-35%)
Path to staying
- Renewrenewable
- Permanent residencypossible
- Permanent residency
- Citizenship
- Dual citizenship allowed
Overview
- Country
- Philippines
- Program
- Philippines SRRV Classic
- Local name
- Special Resident Retiree's Visa
- Type
- Retirement
- Status
- Active
- Renewable
- Yes
Indefinite special resident visa for a foreign national or former Filipino aged 40 or older. The Classic visa deposit is USD 15,000 to USD 50,000 in a PRA-accredited bank, depending on age and whether the applicant has a lifetime pension. The deposit can later be converted into a condominium or a long lease.
Investment options
| Type | Tier / zone | Min amount | USD equivalent | Holding | Returnable | Required |
|---|---|---|---|---|---|---|
| Bank deposit | Age 50+ with pension | USD 15,000 | $15,000 | — | Yes | Optional |
| Bank deposit | Age 50+ no pension | USD 30,000 | $30,000 | — | Yes | Optional |
| Bank deposit | Age 40-49 with pension | USD 25,000 | $25,000 | — | Yes | Optional |
| Bank deposit | Age 40-49 no pension | USD 50,000 | $50,000 | — | Yes | Optional |
| Real estate | Deposit conversion | USD 50,000 | $50,000 | — | Yes | Optional |
Financial requirements
- Savings required
- $15,000
- Application fee
- $1,500
Eligibility
- Minimum age 40+
- Criminal record check required
- Health check required
- Health insurance not required
Work rights
- Employment allowed
- Self-employment not allowed
- Own a business allowed
- Work permit included no
Family and dependents
- Dependents allowed
- Yes
- Spouse included
- Yes
- Max child age
- 20
- Parents allowed
- No
Benefits and mobility
- Bank account can open
- Property purchase allowed
- Public healthcare no access
Tax
- Tax regime
- Territorial
- Regime name
- Philippine-source income tax (0-35%)
- Foreign income taxed
- No
- Capital gains taxed
- Yes
How to apply
- Method
- in country
- Processing time
- 30–45 days
- Apply from abroad
- No
Notes
The visa deposit covers the principal and two dependents. Each further dependent requires another USD 15,000 deposit. The principal application fee is USD 1,500 and each dependent's application fee is USD 300. The annual PRA fee is USD 360 for the principal and two dependents, plus USD 100 for each dependent beyond two. The deposit is returned when membership ends. It is not a fee. A pensioner must show a lifetime pension of at least USD 800 a month if single, or USD 1,000 a month with dependents. There is no pension test for the higher non-pensioner deposits. The PRA ID is valid for two years under Circular No. 004 of 14 July 2025. The annual fee is still charged every year. The visa itself has no fixed expiry while the deposit and fees continue. Applicants must be in the Philippines for the whole process, on a tourist visa valid for at least 30 days that can be converted. A 9(a) visa marked "No Conversion", and an AJACKSSUK visa, cannot be converted directly. Police clearance is required. A medical certificate on the PRA form is required. Health insurance is not. An NBI clearance is required only after 90 days in the Philippines. The applicant-facing requirements sheet says 30 to 45 working days. The 2026 Citizen's Charter counts 10 working days inside PRA and excludes Bureau of Immigration time. Gainful employment needs a separate Alien Employment Permit. PRA will assist with that permit and with a TIN for setting up a business. The visa does not itself include the work permit. A foreigner may own a condominium unit, not land. The property right shown is the condominium and long-lease route. A resident alien is taxed on Philippine-source income. PRA states an exemption from tax on pensions and annuities. The visa does not require the holder to give up their citizenship. It is not an immigrant visa and it does not grant Philippine citizenship. Operators and workers of Philippine Offshore Gaming Operators and Internet Gaming Licensees are disqualified.
Last verified Oct 9, 2026 Last changed Oct 10, 2026 Source