USD 10K - 50K
Depends on age & category
Permanent
No renewal needed
35+ or 50+
Category dependent
SRRV Categories
USD 10,000
Deposit Requirement
USD 10,000 in Philippine bank
Age Requirement
50 years old and above
Deposit Usage
Must remain in bank (non-convertible)
Processing Fee
USD 1,400 (one-time)
Annual Fee
USD 360 per year
USD 50,000
Deposit Requirement
USD 50,000 in Philippine bank
Age Requirement
35 years old and above
Deposit Usage
Can convert to condo purchase
Processing Fee
USD 1,400 (one-time)
Annual Fee
USD 360 per year
Key Benefits
- Convert deposit to condo purchase (Classic)
- Buy pre-selling or ready units
- Ideal for Manila, Cebu, Davao condos
- Lifetime validity
- No visa renewal required
- Multiple entry privileges
- Lowest deposit in Southeast Asia
- Affordable annual fee (USD 360)
- Low cost of living in Philippines
Frequently Asked Questions
The Special Resident Retiree's Visa (SRRV) is a permanent residency program for foreign retirees aged 35+ (or 50+ depending on category) who deposit USD 10,000-50,000 in a Philippine bank.
SRRV Smile (age 50+): USD 10,000 deposit + USD 1,400 fees. SRRV Classic (age 35-49): USD 50,000 deposit + USD 1,400 fees. Deposit can be converted to condo purchase.
SRRV holders cannot work for Philippine companies but can work remotely for overseas employers, manage their own businesses, or invest in Philippine corporations.
Yes, you can convert your SRRV deposit to purchase a pre-selling or ready-for-occupancy condominium unit. Land ownership is restricted to Filipino citizens.
Yes, SRRV is a permanent visa with no renewal required as long as you maintain the deposit and pay the annual fee (USD 360).
Yes, you can include your spouse and unmarried children under 21. Each dependent requires an additional USD 15,000 deposit and USD 300 annual fee.