Rank #126
Philippines
South-Eastern Asia • UTC+8 • Asia/ManilaMonthly Cost
$758
-65% vs USA
Internet
90 Mbps
Mobile Avg
Monthly Cost
$758
-65% vs USA
Internet
90 Mbps
Mobile Avg
Special Resident Retiree's Visa (SRRV)
Designed for retirees who wish to live in the Philippines. Offers multiple benefits including exemption from exit clearance and tax-free importation of personal effects.
Min. Income
₱50,000/month
Per Applicant
Processing
1–2 Months
Average Time
Validity
1 Year
Initial / Renewable
Citizenship
10 Years
Years to Apply
Eligibility & Required Docs
Eligibility Requirements
Minimum age of 35 years- Proof of pension or passive income
- Deposit in a Philippine bank
- Clean criminal record
Required Documents
- Valid passport
- Medical examination clearance
- Police clearance
- Proof of pension or income
Residency Rules
Taxation
Residents are taxed on worldwide income, while non-residents are taxed only on income sourced from the Philippines.
Physical Presence
No specific physical presence requirement, but maintaining residency status requires compliance with visa conditions.
Advantages
- Exemption from exit clearance
- Tax-free importation of personal effects
- Access to the Philippine healthcare system
Disadvantages
- Must maintain a deposit in a Philippine bank
- Limited work opportunities for retirees
- Potential bureaucratic delays
Compare with
ThailandRetirement Visa
MalaysiaMM2H Visa
IndonesiaRetirement Visa