Minimum investment
$20,000
Bank deposit
Stay
—
Application fee
$1,500
Tax
Worldwide
Philippines progressive 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
- Active
- Renewable
- Yes
Permanent residency for retirees aged 50+ with $20,000 non-convertible deposit held in PRA-accredited bank.
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 not allowed
- Self-employment not allowed
- Own a business not allowed
- Work permit included no
Family and dependents
- Dependents allowed
- Yes
- Spouse included
- Yes
- Max child age
- 21
- Parents allowed
- No
- Extra per dependent
- $15,000
Benefits and mobility
- Bank account can open
- Property purchase allowed
- Public healthcare no access
Tax
- Tax regime
- Worldwide
- Regime name
- Philippines progressive tax (0-35%)
- Foreign income taxed
- Yes
- Capital gains taxed
- Yes
How to apply
- Method
- in country
- Processing time
- 14–30 days
- Apply from abroad
- No
Notes
$20,000 non-convertible deposit must remain in PRA-accredited bank for entire duration of stay. Cannot be converted to investment. For ages 35-49.
Also in Philippines
Philippines also offers a digital nomad visa for remote workers