Benefits of the Best Places To Retire in The Philippines?

Apply for a Special Resident Retiree’s Visa to become eligible to reside in the Philippines. Click here for more information.

Retiree's Visa

Requirements and Benefits

SRRV CLASSIC For Active / Healthy Retirees

Qualified Nationality

Any foreign national or alien who is not included in the Excluded Classes under Section 29 of the Immigration Act of 1940.

Age Qualifications & Visa Deposits

  • 35 to 49 Years Old = US$50,000.00

  • 50 years old and Above :

    • A. With Pension = US$10,000.00

    • B. Without Pension = US$20,000.00

Dependents

Principal may be joined by dependents (spouse and children)

Spouse – should be of legal age and the legitimate spouse of the Principal applicant.

Child – legitimate or legally adopted child by the Principal, who must be unmarried and below 21 years old.

The visa deposits are for the principal retiree and 2 dependents. An additional visa deposit of US$15,000.00 is needed for each additional dependent, in excess of two. The additional visa deposit is waived for Former Filipino citizens.

Convertibility of Deposits

  • * May be used for investment/s in RFO Real Estate Properties;

  • * Investment value must be at least US$50,000.00

Documentary Requirements

  • * Original of the valid Passport with valid/updated tourist visa in the Philippines (Tourist Visa sponsored by Travel Agency/Tour Operator is NOT allowed);

  • * Accomplished PRA Application Form;

  • * Original of the Medical Clearance;

  • * Original of the Police Clearance from country of origin;

  • * NBI Clearance (if applicant has stayed in the Philippines for more than 30 days from last date of entry prior to application of SRRV);

  • * Photos (12 pieces of 2″x2″);

  • * Proof of Relationship for joining dependents.

Documents obtained/issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy/Consulate.

Additional Documentary Requirements

  • SRRV Classic with Pension

  • * Certficate of Retirement Benefits, equivalent to at least US$800/month (single applicant) or US$1,000/month (couple).

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

NOTE: Documents obtained / issued outside of the Philippines must be translated into English, if necessary, and authenticated by the Philippine Embassy / Consulate.

Fees to be Paid upon Joining the Program

Application Fee

  • Principal Applicants US$1,400

  • Dependent US$ 300 (each)

  • Annual Fee (PAF) US$ 360 (covers 3 family members)

* For more than 3 retiree members in a family, an additional PAF of US$100.00 for each additional dependent must be paid. * Under the SRRV Courtesy/Expanded Courtesy, the PRA Annual Fee of US$360.00 is not applicable. However, in case of more than two dependents, US$10.00 for each dependent must be paid for the issuance of the PRA ID Card.

Obligations of a Retiree Member

* To update the Authority of any changes in contact information (e.g. status name, address, telephone/fax number and email address); * To secure an Alien Employment Permit (AEP) from the Department of Labor and Employment for purpose of employment in the Philippines; * To renew the PRA ID Card and pay the PRA Annual Fee of US$360.00. For PRA Members under the SRRV Courtesy pay the Annual Fee of US$10.00 for each retiree member in the family.

Special Resident Retiree’s Visa

Benefits

Once you are an SRRV Visa holder, it opens the door to vast opportunities and benefits. These include:

1. Option to Retire Permanently

  • You may live, work and study in the Philippines

2. Multiple Entry Privileges

  • You may travel outside the Philippines and re-enter anytime

3. Exemptions from:

  • Income tax over your pension and annuities;

  • Exit and re-entry permits of the Bureau of Immigration;

  • Annual registration requirement of the Bureau of Immigration;

  • Customs Duties and Taxes with regard to the importation of household goods and personal effects up to US$7,000.00;

  • Travel tax, if you stay in the Philippines is less than one year from the last entry date; and

  • I-Card

  • Securing the ACR I-Card (Alien Certificate of Registration Immigration Card) from the Bureau of Immigration.

  • Paying the travel tax at the Philippine Airports.

  • Getting a Study Permit or Student’s Visa for their dependent-children who intends to pursue education in the Philippines.

  • Usage of health cards issued abroad in Philippine hospitals/clinics accredited by selected health card companies.

  • Usage of the one time tax-free importation of household goods / personal effects (up to $7,000.00 to be availed of within 90 days upon issuance of the SRRVisa).

  • And many more…

As an SRR Visa holder, the PRA can assist you in obtaining basic documents from other government agencies. These include, but are not limited to:

  • Alien Employment Permit

  • Driver’s License

  • Tax Exemption/Extension Certificate

  • Tax Identification Number

  • National Bureau of Investigation (NBI) Clearance

The Philippines is known for its glorious beaches and tourist attractions. Aside from that, there are a number of reasons why more and more people have been looking for the best places to retire in the Philippines. It is considered one of the world’s best retirement destinations.

No matter what circumstances and factors are needed to top your list, the Philippines will surely accommodate your needs when it comes to living spaces. With an archipelago of over seven thousand islands, each and every one of them boasts distinctive features that make them a prime destination for those looking to settle down. Each carefully planned home is made efficient for everyone, especially for expatriates and retirees.

From over a hundred cities and eighty provinces, we’ve rounded up the best places to retire in the Philippines. Experience the best retirement journey with Megaworld Manila today.

Benefits of Retiring in the Philippines

Benefits Of Retiring In The Philippines

Through the years, more and more people have been eyeing residing in the Philippines for a variety of reasons. Whether you have a professional, outgoing, or laid-back type of personality, the country will surely have an option fit to help you enjoy the retired life.

The Philippines provides an excellent balance of geography, demography, economy, climate, and convenience. Some of its notable benefits are its reasonable and affordable cost of living in both rural and urban areas, hospitable and accommodating community, beautiful islands, mountains, and everything in between.

You will also be unfailingly surrounded by convenience. From shopping malls, hospitals and banks, to essential infrastructure. In the modern age, developers have been aiming to surround retirees with everything they need to go about their daily routine. This is to reward them for their years of hard work. These reasons are what make townships and innovative residences the best places to retire in the Philippines.

Townships

Townships

The development of townships in the Philippines has generated a revolutionary and more effective way of living. Individuals get to reside peacefully and have everything within their reach. It offers a broad range of outstanding amenities, excellent and structured security systems, as well as a well-managed administrative team. All of these combined create a holistic living experience. Establishing your life in a township is one of the best decisions you can make for your retirement.

Real estate is definitely booming in the country. Whether you’re a local resident or a foreigner seeking the best retirement options, you can have the ultimate edge in the Philippines. There are so many opportunities that are opening up left and right. Now more than ever is the perfect time to reside in Megaworld Manila’s township properties.

Here, you get a distinctive advantage of having the best of both worlds. We offer a variety of activities and unit choices tailored to match everyone’s lifestyle. Apart from getting to reap the perks of premium amenities and the upscale ambiances, residing in any of our townships makes you live in the center of it all.

From malls, educational institutions, business districts, healthcare facilities, all the way to entertainment establishments – Megaworld Manila townships are built to sustain the highest living standards. Sticking true to our philosophy, you can work, live, play, learn, and shop from where you live. Choose from our townships in Mckinley Hill, Uptown Bonifacio, Westside City, and many more.

Residences

Residences

To give you more options to choose from, take a look at available residences in the Philippines. Residences such as low to high rise condominiums as well as villages have been around for quite a while. However, the best condo developers in the Philippines have expanded and progressed their way of structuring to provide better convenience and a more efficient way of living.

This is done through the incorporation of indoor and outdoor amenities, an increase in the number of units, as well as the addition of unique and more suitable features. There are a vast number and range of homes available today. Leading developers create value by establishing a home that can deliver you the best location in the country with the best benefits for your retirement lifestyle.

Let’s admit it. When it comes to retirement you just want to have the best type for the rest of your life. As the premier real-estate developer in the country, Megaworld Manila is here to match your desired standard of living today.

Uptown Ritz

If you’re about all things luxurious in your retirement experience, the Uptown Ritz is waiting for you to move in. This high-end 45-story project is seated at the center of Taguig City with stunning all-suite units. Wake up every day in a beautifully designed cosmopolitan building that stands out from other condominiums surrounding you.

Noble Place

Seeking the utmost convenience in your ideal residence? Noble Place is strategically located at the heart of Metro Manila to be near every establishment you’ll need for the rest of your life. See the impressive views of the Manila Bay sunset, Chinatown Mall, and Intramuros Golf Course.

As a resident, you will be treated with a wide variety of amenities such as an infinity pool, sky garden, fully-equipped gym with sauna and spa, game room, kiddie playgrounds, and landscaped gardens.

Goldhill Gardens 

At Megaworld Manila, we keep growing families in mind when we master plan projects. Take the Golfhill Gardens at Quezon City. Have a whole new living experience in an exclusive community. Surround your family in lush green landscaping at Capitol Hills. The best part about Golfhill Gardens? The security, peace of mind, and security that no one can offer. Find your personal haven in an elevated and flood-free residence. Enjoy the private ambiance.

No matter what aspect you set at the top of your retirement plan properties. A Megaworld Manila project is sure to improve your standard of living. View all our projects here.

Give Yourself the Most Exceptional Retirement With Megaworld Manila!

When it comes to planning for your retirement, you are entitled to several substantial advantages when you reside in one of the best places to live in the Philippines.

You deserve it. Give yourself nothing but the best and reward yourself with the finest lifestyle through modern residences and convenient townships. Megaworld Manila is a leading urban township developer and one of the best condo developers in the Philippines.

As a leading urban township and one of the best condo developers in the Philippines, Megaworld Manila is dedicated to taking your standard of living to the highest level. We have launched more than two hundred different infrastructures, establishments, and residences. Click here to check out the top condos in the Philippines!