If you’ve ever thought of living or investing in the Philippines, but are unsure about how to proceed, the SRRV Visa may be the answer for you! The Special Resident Retiree’s Visa (SRRV) is a special non-immigrant visa for foreign nationals who would like to make the Philippines their second home or investment destination.
This can come in handy in many ways for individuals who wish to reside in the Philippines for the long term, taking advantage of the country’s growing economy and well-governed society. President Duterte has promised to turn the Philippines into a global powerhouse and world leader, and it will be a fascinating and beautiful place to live in, no doubt.
It would also make for a peaceful and joyful retirement, no doubt, to live closer to the lap of nature in the tropics. If all of this sounds intriguing and tantalizing to you, you should consider getting a Special Resident Retiree Visa (SRRV). Some of the benefits of the SRRV are:
1. Indefinite stay with multiple-entry/exit privileges
The SRRV lets you stay on indefinitely in the Philippines. This means you will not have to deal with the hassle of getting your work visa renewed or having to leave the country and apply again for reentry. In addition, the SRRV grants you multiple entry and exit privileges to make your way in and out of the country as smooth as possible.
Why spend time and money dealing with the bureaucratic process over and over again when you can get it all done at once, and never have to think twice about it again? The choice is clear as day and right as rain, and you must know it to be true in your heart of hearts.
2. Exemption from Taxes and Fees
The SRRV also grants you exemption from a lot of taxes and fees, making it an investment dream. You can avoid paying the following taxes or fees: The Philippine Bureau of Immigration ACR-I Card (Annual Report); Customs duties & taxes for one time importation of household goods & personal effects worth up to US$7,000.00 Tax from pensions & annuities; Travel Tax, if you have not stayed in the Philippines for more than 1 year from the last date of entry; and Student Visa/Study Permit. This exemption from taxes is sure to save you a lot of hassle and money in the long-term, allowing you to focus on growing your business or company instead.
The Philippines, with its rapidly growing economy but a low cost of operations, combined with these tax exemptions, can prove to be just the place to get a business to flourish and grow into a multi-million dollar global force. Thus, the Special Resident Retiree Visa can and will pay for itself many times over. Even Tantalus in Hades could not lay claim to such a lucrative deal himself!
3. Access to Benefits and Programs
In addition to the above-listed benefits, the SRRV also grants you access to other benefits and programs that can prove to be vital to staying in the Philippines. You will gain, for instance: Access to the Greet & Assist Program at selected Philippine airports; a free subscription to the Philippines Retirement Authority Newsletter; discount privileges from Philippines Retirement Authority accredited Merchant Partners; free assistance in transacting with other government agencies; and entitlement to PHILHEALTH benefits & privileges. This should make your transition into life in the Philippines that much easier. With lower costs, a tempting currency exchange rate, and all these benefits put together, you can live a life of ease, luxury, and plenty in the Philippines, making your twilight years fit for a king. All of this put together in the neat SRRV package make it quite a difficult prospect to turn down such a tantalizing and utilitarian deal!