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PRA Annual Fee (PAF) of US$360.00 - this fee is payable upon joining the program and every year thereafter as long as the retiree is a holder of the SRR Visa. This is also paid in cash (in USD or Php) at the PRA office. A principal Applicant must pay US$100 for each additional dependent in excess of two (2);
The visa deposit is US$1,500.00 Applicants under SRRV Expanded Courtesy must be at least 50 years old, receiving a monthly pension of at least US$1,000 and must remit a visa deposit of US$1,500.00.
A. Yes, he can set up his business provided it is not limited/prohibited by the Constitution, existing laws or by the Philippine Foreign Investment Act of 1991 (R.A. 7042). Working in the Philippines is allowed provided one has the necessary Alien Employment Permit (AEP) from the Department of Labor and Employment.
The Board of Trustees of the Philippine Retirement Agency (PRA), an attached agency of the Department of Tourism (DOT), has directed the PRA to suspend the issuance of the Special Retirees Residence Visa (SRRV) pending the review and amendments of the policies on age and visa deposit requirements.
The procedure for applying for a retirement visa in the Philippines is: Schedule an appointment at the Philippine Retirement Authority (PRA). Choose the appropriate retirement option. Collect the documents required for a retirement visa. Submit the application to the PRA.

People also ask

There is a particular visa for international retirees called the Special Resident Retirees Visa (SRRV), which requires you to meet the following criteria: 50 years of age minimum. Proof of a pension above $800 per month (Social Security benefits included).
Can SRRV holder own real property in the Philippines? No. If he or she is legally married to a Philippine citizen, he or she may construct a residential unit on a parcel of land owned and/or registered in the name of Philippine spouse.

srrv application form