Philippines Philippines SRRV Smile — Residency Program
🏠 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
Min Age
50+
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
$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:
- Digital Nomad Visa (digital nomad visa)