Choice of SRRV types

Classic Smile Courtesy Human Touch
Age 35-49 50 plus 35 plus 35 plus 50 plus 35 plus

no pension with pension
former Filipinos Others with pension
USD Deposit 50,000 20,000 10,000 20,000 1,500 10,000
Convertibilty options conditional no yes conditional
Annual Fee for principal and two dependents 360
Bank for deposit PRA designated
One time Application Fee
principal 1,400
dependent 300

Documentary requirements

All documents must be translated in English and be legalised by the Philippines embassy/consulate in the country where the document was issued.

Each applicant

In addition for the SPOUSE:

For each CHILD:

For additional children if more than two dependents:

Cost and Fees

Conversion of the deposit (excluding SRRV Smile)

30 days after the visa has been granted, the deposit can be converted into an approved investment. In such case a yearly fee of US$750 for below 50 years old or US$ 500 for 50 above, will be payable to PRA.

Areas of investment allowed

Amounts invested

SRRV holders Obligations

Withdrawal from the SRRV programme

PRA guarantees repatriation of deposit upon withdrawal from the program.