⚠️ We are still working on getting all the data and offers available here. The current information is not yet complete, and might be not up to date.
passports.io website
residencies.io website
Bank Accounts website
Flag Theory website


Special Resident Retiree’s Visa (SRRV)

If you wish to settle in the Philippines and you are at least 35 years old, you may apply for a Special Resident Retiree’s Visa (SRRV).
The SRRV is granted by the Philippines Retirement Authority (PRA), and you may reside indefinitely in the Philippines with free entry and exit. Once the permit is issued you will receive a PRA ID card, that must be renewed annually.

The program comprises three categories, under which you may get your resident visa if you have a pension or you make a deposit at a local bank, or a combination of both.

Holding this visa, you may be able to work in the Philippines, as long as you get an Alien Employment Permit (AEP).

Under this program, you will also benefit from an income tax exemption over your pension and annuities, customs duties exemptions with regard to the importation of household goods and personal effects up to US$7,000, and a travel tax exemption if you stay in the Philippines less than one year from the last entry date.


SRRV Human Touch

This SRR visa category is aimed at ailing retirees. It requires you to have a monthly retirement benefit of US$1,500 and maintain a fixed US$10,000 deposit in an approved retirement account. This money must stay untouched for the totality of your stay in the Philippines, though it can be withdrawn after you leave.

Repatriation of the deposit including invested profits, capital gains and dividends accrued from investments are guaranteed, upon compliance with Bangko Sentral rules and regulations.

Deposits may be converted to Philippine Pesos (PHP) 30 days after the visa's issuance. Deposits should be made at one of the following financial institutions: Development Bank of the Philippines (DBP), Allied Bank, Philippine National Bank (PNB), Pacific Star Branch Only, Bank of China, Korea Exchange Bank, Tong Yang Bank and Unionbank.

The visa bank deposits are for the principal retiree and 1 dependent (spouse or unmarried children below 21 years old). Additional dependents are not allowed under this SRRV category.

To be eligible for Philippines naturalization, you must have resided in the country at least 10 years, not have been convicted of any crime during this period, own real estate worth not less than PHP5,000 or have a lucrative business, profession or lawful occupation, be able to speak Tagalog or English or Spanish and have enrolled your minor children in any of the public or private schools recognized by the Bureau of Public Schools of the Philippines. Additional requirements may apply.


- Be at least 35 years old.
- Certification by PRA shortlisted bank of the requisite deposit.
- DFA Medical Examination Form No. 11 accomplished by a licensed physician from the applicant's place of origin, including AIDS Test, duly authenticated by the Philippine Embassy/Consulate posted there or PRA Medical Certificate (RSSC Form No. 002) accomplished by a licensed physician in the Philippines.
- Police Clearance, duly authenticated by the Philippine Embassy/Consulate, issued abroad or National Bureau of Investigation (NBI) Clearance, issued in the Philippines.
- Certificate of Retirement Benefits.
- Health Insurance Policy acceptable in the Philippines.

Restricted Nationalities

No nationality is officially restricted

dual citizenship

Dual citizenship is not recognized in Philippines. To become a citizen of Philippines, you must renounce your previous nationality.

Documents Required

  • Original and photocopy of passport
  • Medical Certificate
  • Original Bank Reference Letter (Not older than 6 month)
  • Bank Statement
  • Original Police Clearance Certificate
  • Six passport-size photos
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Original or Certified copy of Birth Certificate (if applicable)
  • Proof of pension
  • Documents certifying pensioner status
  • Evidence of Health Insurance
  • dual citizenship No
  • Family members included No
  • land ownership No
  • Physical residence required No
  • Personal visit required Yes
  • Language skills required No
  • Interview required No
  • Investment Single $10,000
  • Investment Family 4 -
  • Minimum annual income $18,000
  • Time to citizenship 120
  • Time to permanent residency
  • Visa-free countries 86
  • Financing available No

Country details

, English,
The Republic of the Philippines is a Southeast Asian country, located in the Pacific Ocean, and is a member of the ASEAN. It is formed by an archipelago made up of 7,107 islands, divided in three islands groups: Luzon, Visayas Islands and Mindanao.

To the north the Philippines is separated from the island of Taiwan by the Strait of Luzon, to the west from the South China Sea and Vietnam, to the south, the island of Borneo and the sea of Celebes which separates it from other islands of Indonesia, and to the east stretches the Philippine sea. Its location in the Pacific’s 'Ring of Fire', making it prone to earthquakes and volcanic eruptions, while its tropical climate and island topography leaves it with some stunning beaches and landscapes, but also very susceptible to typhoons.

It has a population of over 102 million inhabitants, making it the 12th most populated country worldwide. In addition, there are 11 million Filipinos that live abroad. Its capital is Manila, located in the island of Luzon. Metro Manila is the most populated metropolitan area in the Philippines and the tenth largest in the world, with a population estimated at 20.5 million, which includes Quezon, its most populated city. Its official languages are English and Filipino besides 8 regional languages. Its official currency is the Philippine Peso (PHP).

Visa Free Travel

With your new passport from Philippines you'll be able to access 86 countries visa free


An individual may be considered a tax-resident in the Philippines if he or she stays more than 180 days in the country during a calendar year.

Tax-residents are subject to personal income tax on their worldwide income, whereas non-residents are taxed on Filipino-source income.

SRR visa holders are exempted from taxation on their pension and/or annuities earned abroad, whether they are remitted or not.

Tax-residents’ personal income is taxed at progressive rates up to 32% on income exceeding PHP500,000. Non-residents are subject to a flat rate of 25% on their income accrued in the Philippines. Expatriates employed by certain entities or industries may be taxed at a reduced rate of 15%.

Investment income earned by tax-residents is usually taxed at 20%. However, this excludes interest on residents’ deposits under the expanded foreign currency deposit system (FCDU) accounts, which are taxed at 7.5% and dividends received from resident entities, which are subject to a 10% final tax.

Capital gains from the sales of shares listed and traded in the stock exchange are taxed at 0.5% on the gross amount. Net gains derived from unlisted shares are subject to a 5% tax on the first PHP100,000 and 10% on the excess. Immovable property gains are taxed at a 6% of the higher of its gross sales price or fair market value.

The Philippines has not enacted controlled foreign company (CFC) rules, therefore passive income earned and retained in foreign entities own by tax residents may not be attributable.

Real property tax is levied up to 3% of the assessed value. Transfers of immovable properties are subject to local taxes up to 0.3%. Other transfer taxes may apply for certain transactions.

Inheritance is subject to a progressive tax rate that ranges from 5% to 20%. There are no taxes on net wealth.

The sale of certain goods and services are subject to V.A.T. at a 12% rate.

Regarding corporate taxation, resident entities are subject to a 30% tax on their worldwide income. Regional operating headquarters (ROHQ) are subject to a reduced 10% tax rate. To learn more about Filipino corporate taxation, legal framework and tax treaties, check out incorporatios.io/philippines.

This should not be construed as tax advice. We have access to a global network of qualified attorneys and accountants who can give you the proper advice for your particular circumstances. Contact us for further information.

  • Property tax Yes
  • Transfer tax Yes
  • Inheritance tax Yes
  • Net worth tax No
  • CFC law No
  • Tax residency days 180
  • Personal income tax rate 32%
  • Capital Gains tax rate 10%
  • Investment income tax rate 20%
  • Territorial taxation No

Consultation with

Flag Theory is an internationalization and offshore solutions provider, and the creator of residencies.io

In order to better serve you, we ask that you please fill out the following form as accurately as you can and provide as many details as possible. Thank you.
Residency by Employment (Work Permits)
Residency by Entrepreneurship (Starting or Relocating your Business)
Residency by Investment in Real Estate or Securities
Residency by having sufficient means (Passive Income)

Your privacy is important for us and we will keep your information secure. View our privacy policy


Flag Theory is an internationalization and offshore solutions provider, and the creator of residencies.io. We offer expert consultation advice and assistance.

Your privacy is important for us and we will keep your information secure. View our privacy policy

View past newsletters