Can SRRV holders buy and register vehicles in their own name?
Yes. SRRV holders are considered permanent residents and are legally allowed to purchase, own, and register vehicles in their name with the Land Transportation Office (LTO). The SRRV ID and ACR-I card serve as valid proof of residence when processing car ownership documents and insurance.
Can the SRRV deposit be withdrawn if I decide not to stay in the Philippines?
Yes. If you decide to cancel your SRRV and permanently leave the Philippines, you can withdraw your time deposit after completing the visa cancellation process with the PRA. This includes surrendering your SRRV ID and obtaining clearance from all relevant agencies. The release typically takes a few weeks.
Do SRRV holders have to pay income tax in the Philippines?
Generally, foreign retirees with income sourced outside the Philippines are not taxed locally. However, if you earn income from Philippine sources—such as local employment, business, or property rentals—you may be subject to Philippine tax laws. The SRRV itself does not impose any additional tax obligations.
Is there an age limit for dependents under the SRRV?
Yes. Dependents such as children must be under 21 years old, unmarried, and financially dependent on the principal retiree. Spouses of any age may also be included as dependents. Once a child exceeds 21, they must apply for their own visa or obtain a student visa if studying in the Philippines.
Can SRRV holders live anywhere in the Philippines?
Absolutely. SRRV holders can freely reside in any city or province across the country, whether in Metro Manila, Cebu, Davao, or other islands. There are no location restrictions. Many retirees prefer coastal or suburban areas such as Tagaytay, Subic, or Bohol for a quieter lifestyle.
Does the SRRV grant the right to work or start a business?
Yes, but with some conditions. SRRV holders can apply for a Special Work Permit or Alien Employment Permit if they wish to work or engage in business. They may also establish or invest in a local company, provided it complies with Philippine foreign ownership laws.
Can I apply for an SRRV if I already have a long-term visa in the Philippines?
Yes. You can convert your existing visa to an SRRV without leaving the country, provided your current visa is valid. The PRA will assist in the visa conversion process, ensuring that your residency status remains uninterrupted.
What happens if my passport expires while holding an SRRV?
When your passport expires, you must renew it at your embassy or consulate. After renewal, the new passport must be updated with the PRA and Bureau of Immigration so your SRRV and ACR information can be reattached or reissued under the new passport number.
Can I use my SRRV ID to travel in and out of the Philippines freely?
Yes. The SRRV grants multiple-entry and indefinite-stay privileges, allowing you to enter and exit the Philippines without applying for new visas or extensions. However, ensure your passport remains valid for at least six months before travel.
How long does it take to process an SRRV application through 998VISA?
When handled by 998VISA, the average processing time is about 3–4 weeks, depending on document completeness and PRA queue time. Their team assists clients in completing all requirements efficiently, minimizing delays and ensuring proper coordination with accredited banks and government offices.
📢 For more information or SRRV consultation:
English/Tagalog Inquiries:
WeChat: dpylanayon
Telegram: @Diadem_Pearl
Email: dplanayon.royalewonders@gmail.com
Viber / WhatsApp: +63 939 526 6731 / +63 9176523432
中文咨询：
微信：BGC998 电报：@BGC998
或 微信：VBW333 电报：@VBW777
菲律宾998VISA —— 菲律宾退休移民官方认证机构，拥有 19年以上实务经验，为您提供正规、安全、快速的SRRV退休移民申请服务。
