12/18/2014

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Subject: Fw: Philippine Retirement Authority : Application to Special Resident Retiree's Visa (SRRVisa)
From:

arellano raysun (raysunarellano@yahoo.com)

To:

ms.morales@hexagon.com.ph; bg.sanchez@hexagon.com.ph;

Date:

Tuesday, December 16, 2014 9:12 AM

On Tuesday, December 16, 2014 9:11 AM, arellano raysun <raysunarellano@yahoo.com> wrote:

On Tuesday, December 16, 2014 8:53 AM, Geraldine Agustin <pra_gtmagustin@yahoo.com> wrote:
Dear Sir:

Allow us to give you a background on the retirement program of the Philippine government.
The Philippine Retirement Authority (PRA) is a government-owned and controlled corporation mandated to attract foreign nationals
and former Filipino citizens to make the Philippines their second home or retirement destination.. PRAs core product is the Special
Resident Retirees Visa (SRRV) a non-immigrant multiple-entry, indefinite-stay visa. With the SRRV, the holders may stay in the
Philippines for as long as they want without giving up their citizenship. The other benefits are:
1.

Multiple Entry Privileges

o They may come in and go out of the country anytime.

2.

Exempted from the following:

o
o
o
o
o
o
o

Philippine Bureau of Immigration Annual Certificate of Registration (ACR) / I-Card:

Alien Registration (AR);
Emigration Clearance Certificate (ECC);
Re-entry Permit (RP); and
Special Return Certificate (SRC).
Customs Duties and Taxes for the importation of household goods and personal effects up to US$7,000.00;
Tax from pension and annuities;

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o
o
o
3.
4.

Travel tax, if stay in the country is less than one year from the last entry date;
Student Visa/Special Study Permit for children-dependent; and
Purchasing of Return Ticket.

Availment of the Greet and Assist Program at the NAIA, Cebu and Davao Airports
Free subscription of the PRN (PRA Newsletter)

As SRRV holders, they are entitled to discounts from accredited PRA Merchant Partners.
documents from other government agencies, including but not limited to:

PRA may also assist them to obtain basic

o Alien Employment Permit (AEP) from the Department of Labor and

o Employment (DOLE) in case of employment in the Philippines;
o Driver's License from the Land Transportation Office (LTO);
o Tax Exemption/Extension Certificate from the Department of Finance (DoF) in availing the tax importation of household
goods and personal effects;
o
Tax Identification Number (TIN) from the Bureau of Internal Revenue (BIR) in case of setting-up a business in the
country;
o Clearance from the National Bureau of Investigation (NBI).
An applicant may choose from the different SRRV Options that would suit his/her lifestyle and needs.
Below are the basic features of the different SRRV Options which were implemented since last May 05, 2011:
1)
SRRV SMILE for active / healthy principal retirees 35 years old and above who would just like to maintain their Visa
deposit of US$20,000.00 in any of the PRA designated banks;
2)
SRRV CLASSIC for active / healthy principal retirees who would opt to use their
Visa deposit of
US$10,000.00/US$20,000.00 (50 years old & above) or US$50,000.00 (35 to 49 years old) to purchase condominium units or use
for long term lease of house and lot;
3)
SRRV HUMAN TOUCH for ailing principal retirees, 35 years old and above, who are shown to have medical/clinical needs
and services. Under this option, the retiree only needs to have a Visa deposit of US$10,000.00, a monthly pension of at least
US$1,500.00 and a Health Insurance Policy; and
4)
SRRV COURTESY for former Filipinos (35 years old & above), and foreign nationals (50 years old & above) who have
served in the Philippines as diplomats, ambassadors, officers/staff of international organizations.
The visa deposit is
US$1,500.00.
***NOTE:
a.
Position or designation the time of service in an international organization (based here in the Philippines) must
be recognized by the Department of Foreign Affairs.
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b.

Applicants who worked under an international organization based here in the Philippines:
Certificate of Employment

Below are the necessary documents and fees that must be submitted and paid to PRA by a joining principal applicant:
A.
Accomplished SRRV Application Form (downloadable at www.pra.gov.ph) Information must be typed written
and ensure that all information requested are answered;
B.
Medical Certificate (downloadable at www.pra.gov.ph) may be secured from the country of origin. However,
said document must be translated in English, if necessary, and authenticated by the Philippine Embassy/Consular Office
nearest the place where the Certificate was secured from. Applicant may opt to secure the Certificate in the Philippines
from any licensed physician/clinic/hospital. If the certificate has been secured in the Philippines, there is no need for any
authentication. A Medical certificate is only valid within 6 months from the date it was secured. PRA has an accredited
clinic and we can assist you in securing said certificate;
C.
Police Clearance an Applicant need to secure this clearance from the country of origin. Said document must be
translated in English, if necessary, and authenticated by the Philippine Embassy/Consular Office nearest the place where
the Clearance was secured from;
D.
NBI Clearance in addition to the Police Clearance, a NBI Clearance (Philippine Document) is needed when an
applicant has stayed in the Philippines for more than 30 days prior to his application for the SRRVisa. PRA can accompany
the applicant in securing this document;
E.
Bank Certification - A visa deposit must be remitted to PRAs designated bank which is the Development Bank of
the Philippines (DBP). The Bank will send PRA a notarized Bank Certification after the remittance has been received by the
Bank. The amount of the Visa deposit depends on the SRRV Option that the applicant has chosen (Remittance instruction
may be downloaded from the PRA Website).
F.
A principal applicant may include in his application his spouse, and children who are below 21 years old and
unmarried, as his dependents. In cases that the Principal applicant will include more than two (2) dependents, an
additional visa deposit of US$15,000.00 for each additional dependent must be remitted under the name of the Principal
applicant;
G.
Original Passport with valid stay in the Philippines in cases where the tourist visa expires while the SRRV is
being processed, the applicant must have it extended. PRA may assist in the extension of the tourist visa;
H.
Photos 2x2 (12 pieces);
I.
Application Fee of US$1,400.00 this application fee or processing/service fee is a one time payment only and
this encompasses all other fees for the Bureau of Immigration and PRA in relation to the application for the SRRVisa. In
case that an applicant discontinues his/her application, the Application Fee may be reimbursed but the amount of
US$200.00 will be deducted as service fee. However, if in a case wherein the applicant discontinues while the documents
are already with the Bureau of Immigration, application fee is non-refundable already. In cases wherein the processing
must be discontinued (needs to return to his country or for any other emergency reasons), the documents including the
passport may be pulled out from the Bureau of Immigration. The applicant may proceed with his application later on but
needs to pay an additional revalidation fee of Php5, 520.00 (Bureau of Immigration required fee);
J.
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. A principal Applicant must pay US$100 for each additional dependent in
excess of two (2);
K.
For joining spouse and children, as dependents they need to submit and pay the following:
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a.
Accomplished SRRV Application Form;
b.
Medical Certificate;
c.
Police Clearance (and NBI Clearance, if necessary) for Spouse, and for children who are 18 years old and
above;
d.
Marriage Certificate for the spouse and Birth Certificate for the child;
e.
Original Passport with valid stay in the Philippines;
f.
Photos;
g.
Application Fee of US$300.00 for each joining dependent.
All documents coming from outside of the Philippines must be translated into English, if necessary and
authenticated by the Philippine Embassy/Consulate.
Applicant must submit the above original documents and 2 sets of photocopied documents.
Once applicant has submitted all documents and paid all fees in the Office, PRA will process the application papers and bring all
documents to the Bureau of Immigration. PRA may only process and submit to the Bureau of Immigration the SRRV application if the
applicant is here in the Philippines. The processing of the application usually takes 10 to 15 working days.
After the SRRVisa has been stamped/placed in the passport, PRA will request the presence of the retiree-applicant in the PRA Office to
take his Oath of Affirmation as a retiree member.
For more information, please visit our website at www.pra.gov.ph.
Thank you.
Very truly yours,
GERALDINE M. AGUSTIN
Market Specialist

Philippine Retirement Authority

29/F Citibank Tower, 8741 Paseo de Roxas, Makati City, 1200
Trunk Line : 848-1412 to 16
Marketing Department - Client Relations Division Direct Line : 817-8190
Email Address : clientrelations@pra.gov.ph

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