- Status Active Discontinued
- Official page https://pra.gov.ph/ https://pra.gov.ph/SRRVisa
- Investment options updated
maximum child age changed from 21 to 20, matching the current SRRV dependent rule (pra.gov.ph).
PH
Philippines SRRV Smile
Discontinued
Territorial
Philippines · Special Resident Retiree's Visa · Retirement · apply in country · processing 14–30 days
Minimum investment
$20,000
Bank deposit
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 Smile
- Local name
- Special Resident Retiree's Visa
- Type
- Retirement
- Status
- Discontinued
- Renewable
- Yes
Former SRRV option for an active retiree who kept a USD 20,000 deposit in a PRA-accredited bank. It is not on the current application form. Classic and Courtesy are the options open to new applicants.
Investment options
| Type | Tier / zone | Min amount | USD equivalent | Holding | Returnable | Required |
|---|---|---|---|---|---|---|
| Bank deposit | Smile | USD 20,000 | $20,000 | — | Yes | Required |
Financial requirements
- Savings required
- $20,000
- Application fee
- $1,500
Eligibility
- Minimum age 50+
- 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
- 14–30 days
- Apply from abroad
- No
Notes
The Expanded SRRV requirements form, issued August 2025, and the September 2025 processing checklist list only Classic and Courtesy deposits. The current program page does the same. The older pra.gov.ph/srrv/ page still describes Smile at USD 20,000, and the 2026 Citizen's Charter still prints a Smile annual fee for members enrolled from 17 May 2021 onward. Those entries cover the old option and existing members. They are not a current application route. No official document gives the day new Smile applications stopped. The last published Smile terms were a non-convertible USD 20,000 deposit for an applicant aged at least 50. The 35-and-over Smile rule belonged to the scheme that ran until 14 May 2021. The USD 1,500 application fee and USD 300 dependent fee shown are the current SRRV schedule, which does not list a separate Smile fee. The 14-to-30-day processing range shown was not on the 2025 checklist. Existing Smile holders remain special residents. The same Philippine-source tax rule, separate Alien Employment Permit, and condominium limit apply to them. The visa does not grant citizenship.
Last verified Oct 9, 2026 Last changed Oct 10, 2026 Source