Prime retirement properties
The Best Places to Retire in The Philippines
Apply for a Special Resident Retiree’s Visa to become eligible to reside in the Philippines
Explore Ideal Homes
PRA Accredited
Requirements & 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 Deposit:
- 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 USD $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
- Certificate of Retirement Benefits, equivalent to at least USD $800/month (single applicant) or USD $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.
Fees to be Paid upon joining the Program
Application Fee
- Principal Applicants USD $1,400
- Dependent USD $ 300 (each)
- Annual Fee (PAF) USD $ 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 b e 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:
- Option to Retire Permanently
- You may live, work and study in the Philippines
- Multiple Entry Privileges
- You may travel outside the Philippines and re-enter anytime
- 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
Dreaming of blissful retirement? Picture yourself on pristine beaches or enjoying city sunsets from a penthouse balcony. The Philippines could be your perfect spot.
With its rich culture, low cost of living, friendly English-speaking locals, and stunning natural beauty, the Philippines attracts around 64,512 foreign retirees. This tropical paradise offers diverse options across 7,000+ islands.
Our guide highlights the best retirement spots in the Philippines, covering key benefits like government support, cost of living, and healthcare. Discover why the Philippines is a top retirement destination!
City of Manila
Manila, the country’s capital, is a top retirement spot in the Philippines. With its bustling city life and dynamic population, Manila offers everything retirees need.
As a booming economic hub, Manila is surrounded by government, educational, historic, commercial, and leisure establishments, offering ultimate convenience. It boasts world-class hospitals and diverse real estate options.
Top retirement spots in Manila include Megaworld Horizon’s Kingsquare Residential Suites and Noble Place.
Parañaque City
Discover the perfect retirement in Parañaque City, where urban excitement meets serene green spaces. This rapidly progressive locale caters to both fast-paced lifestyles and those seeking a retreat from the pressures of urban life.
Close to commercial hubs and thrilling leisure spots, Parañaque offers a dynamic yet tranquil lifestyle ideal for retirees. Its master-planned layout ensures that you can enjoy the best of both worlds, with easy access to essential amenities and peaceful, green areas.
Explore top retirement living at Megaworld Horizon’s Westside City Township. Here, you can embrace both convenience and tranquility, making it an excellent choice for those looking to enjoy their golden years in comfort and style.
Benefits of Retirement in the Philippines
Discover why more are choosing the Philippines as their ideal retirement spot. Whether you crave adventure or tranquility, starting a family or relishing relaxation, this country offers a perfect home for your golden years. Explore the top perks – your next retirement haven awaits!
Cheap Cost of Living
Consideration of cost is crucial when choosing the best places to live in the Philippines. Maintaining your desired lifestyle quality hinges on finding the best value for your money.
The cost of living in the Philippines is notably lower compared to the U.S. Many retirees find comfort living on $800 to $1,200 per month, covering housing and leisure expenses.
Government Support for Retirees
Beyond the affordable cost of living, the Philippines offers exceptional government support for retirees.
The Philippine Retirement Authority, under the Department of Tourism, is dedicated to developing and promoting the country as a premier retirement destination, ensuring retirees enjoy a high quality of life.
Enjoy Utmost Convenience
Consideration of cost is crucial when choosing the best places to live in the Philippines. Maintaining your desired lifestyle quality hinges on finding the best value for your money.
The cost of living in the Philippines is notably lower compared to the U.S. Many retirees find comfort living on $800 to $1,200 per month, covering housing and leisure expenses.
Find the Best Places to Retire in the Philippines with Megaworld Horizon!
You are entitled to several substantial advantages when you reside in one of the best places to retire in the Philippines. Give yourself nothing but the best and reward yourself with the finest lifestyle through modern residences and convenient townships.
Megaworld Horizon is a leading urban township developer and one of the best condo developers in the Philippines. We have launched more than two hundred different infrastructures, establishments, and residences.