The Special Resident Retiree’s Visa (SRRV) is one of the most flexible long-term residency options available to foreigners in the Philippines. It offers permanent residency, multiple-entry privileges, and the ability to stay in the country indefinitely without renewing tourist visas. This guide explains the requirements, deposits, application process, and the latest updates for 2025.
What Is the SRRV Visa?
The SRRV is a long-term retirement visa issued by the Philippine Retirement Authority. It is designed for foreigners who want to retire, invest, or live long-term in the Philippines. Holders receive a permanent, multiple-entry visa and are exempt from many immigration procedures.
There are several SRRV categories, each with different financial requirements based on age, pension status, and dependents.
SRRV Requirements
Here are the standard requirements for all applicants:
- Valid passport
- Completed SRRV application form
- Police clearance from your home country
- NBI clearance (if already in the Philippines for 30+ days)
- Medical clearance
- Proof of retirement income or the required bank deposit
- 6–12 passport photos (varies by office)
Dependents such as spouses or children can also be included under certain conditions.
SRRV Deposit and Financial Options
The SRRV has multiple deposit categories depending on age and income. These deposits are placed into a Philippine bank and may be used for approved investments such as leasing a condominium, long-term accommodation, or business investments.
1. SRRV Classic
- Age 35–49: USD 50,000 deposit
- Age 50+ (without pension): USD 20,000 deposit
- Age 50+ (with pension of at least USD 800/mo): USD 10,000 deposit
2. SRRV Smile
- Requires USD 20,000 deposit
- Cannot convert deposit into real estate or investments
- Must keep the deposit active
3. SRRV Human Touch
- For retirees needing medical support
- USD 10,000 deposit
- Monthly medical requirement applies
4. SRRV Courtesy
- For former Filipinos and foreign diplomats
- USD 1,500 deposit
SRRV Application Process
Applying for the SRRV typically involves these steps:
- Gather all documents required by the PRA
- Open a Philippine bank account for the SRRV deposit
- Attend your scheduled appointment with the PRA office
- Submit biometrics and pay fees
- Wait for visa approval (usually 1–3 weeks)
Once approved, the SRRV stamp is placed in your passport.
Fees
Standard SRRV fees include:
- Application fee
- Annual PRA membership fee
- Bank charges for deposit setup
- Medical clearance costs
Exact fees change year-to-year, so applicants should confirm the latest schedule with PRA offices when applying.
Benefits of the SRRV Visa
The SRRV offers strong advantages compared to regular tourist visas or working permits:
- Indefinite stay in the Philippines
- Multiple-entry privileges
- Exemption from exit clearance
- Ability to convert deposits into investments (for SRRV Classic)
- Dependents can be included
- Fast processing time
These benefits make the SRRV one of the most attractive residency options in Southeast Asia.
Common Misconceptions
Some foreigners believe the SRRV is only for elderly retirees, but the minimum age is 35, making it accessible to younger investors and long-term residents.
Others assume that the deposit is a fee, but it is fully refundable if the visa is canceled and no investments are made using it. There are a few legal requirements to be aware of.
FAQ
Q: How long does SRRV approval take?
A: Usually 1–3 weeks after document submission.
Q: Can I invest the SRRV deposit?
A: Yes, for SRRV Classic. It can be used for approved real estate leases or investments.
Q: Can I work in the Philippines with an SRRV?
A: You still need a separate work permit, but many expats operate online businesses without issues.
Q: Is the deposit refundable?
A: Yes, unless it was used for investment.
Q: Does the SRRV allow me to stay permanently?
A: Yes, it grants permanent residency status.
