Philippines SRRV latest policy announcement:

According to the official announcement of the PRA of the Philippine Retirement and Immigration Agency, the SRRV application work suspended from October 23, 2020, May 2021 Acceptance restarted on the 17th! There will be two changes in the policy compared to the previous restart:

① Currently only applicants aged 50 years and above are accepted

② Each renewal of the visa issued by PRA is changed from 3 years to 1 year

Pictures | Philippine Retirement and Immigration Agency Facebook

SRRV is a permanent residence visa for the Philippines. Has the reputation of "the world's most cost-effective green card".

SRRV was suspended in October last year. Many applicants have been waiting for the opportunity to reopen. Now SRRV has finally resumed applications.

What are the benefits of obtaining SRRV?

① Holders of SRRV in the Philippines can freely enter and exit the borders of China and the Philippines. Without changing their original nationality benefits, while enjoying the benefits given by the Philippines Privileges and benefits for permanent residents.

② Those who have lived in the Philippines for no more than 1 year from the date of entry will be exempt from tourism tax.

③ exempt importing household or personal products to US$7000 import tax.

④  Exempt pension and retirement annuity income tax, take a vacation in a world-renowned retirement resort.

⑤  Students do not need to apply for a special study permit or Student Visa. Both the English and American education systems are available, and the academic qualifications are recognized by the Ministry of Education of China and European and American countries, and the third largest English-speaking country in the world.

⑥ Better tax planning, investment and business in the Philippines (non-CRS participating countries).

⑦  Identitypermanent inheritance, wealthSafetyInheritance.

What are the benefits of returning to the country after obtaining SRRV?

Refer to the guidance document "Implementation Measures of the Law of the People’s Republic of China on the Protection of the Rights and Interests of Returned Overseas Chinese and Relatives of Overseas Chinese". Those who have the status of overseas Chinese will receive special care.

① Investment incentives for Chinese businessmen

② Educational preferential treatment for overseas Chinese children (Overseas Chinese students returning to the country will have bonus points and admission priority. Overseas Chinese students from Hong Kong, Macao and Taiwan can apply for the National Overseas Chinese Joint Enrollment for 400 points to 985 and 211 domestic prestigious schools)

What are the benefits of getting SRRV to live in the Philippines?

① Enjoy the property market dividends and obtain freehold property rights through small real estate investment. Rental rate of returnAs high as 6%-10%, the property market is expected to be long-term bullish, stable appreciation and anti-inflation, in recent years Both exceed 10% (according to the 2020IMF report, up to 20%).

② In Asian countries where the market is open for English, children attend international schools, credits are mutually recognized by famous European and American schools, and lower-cost achievementInternational talents span>.

③ The potential for rapid economic development is huge, and there are many investment job opportunities.

④ It’s closer to China, it’s easier to return home to visit relatives.

⑤ 45% of Filipino billionaires are Chinese, Chinese have a high status in the Philippines and it is easier to enjoy a noble and free life .

Most of the top richest people in the Philippines are Chinese Fujianese. Chen TAN/Shi SY/Hong ANG are the main surnames of the Filipino Chinese

⑥ The world-renowned retirement resort, the urban island life model is more suitable for the rehabilitation of retired groups.

⑦ Monsoon tropical rain forest climate, natural natural resources, dense vegetation, well-known diving sanctuary.

⑧ lower prices to enjoy the world-famous "Filipino Maid" high-quality service, easily improve the quality of life.

Looking for a quiet and idyllic place, living in a place to enjoy the whole year. There are so many benefits to obtain the SRRV of the Philippine Retirement Permanent Resident Visa, now plan for you or your family~

Xingyunhai International

SING YUN

Philippines retirement permanent residence visa SRRV