Can I include my domestic helper or caregiver under my Philippine SRRV visa?
Answer: Under the SRRV program, only legal dependents such as a spouse and unmarried children below 21 years old can be included. Domestic helpers or caregivers cannot be granted SRRV privileges. However, once you are a resident, you may legally hire a local caregiver under standard employment regulations.
Does the SRRV visa allow me to invest in a business in the Philippines?
Answer: Yes, SRRV holders may invest or engage in business activities in the Philippines, provided they comply with local business registration and taxation requirements. Many retirees open small businesses, invest in real estate, or participate in local enterprises under proper registration with the SEC or DTI.
How long does it take to get the SRRV visa approved?
Answer: The approval time for the SRRV visa typically ranges from 3 to 6 weeks after all required documents and the time deposit are submitted. Processing speed may vary depending on the volume of applications and the completeness of your paperwork.
Can I use my SRRV deposit to buy property immediately after approval?
Answer: Yes, SRRV Classic members can use part of their time deposit for property purchase, provided the property is condominium-type and registered under the retiree’s name. The conversion of the deposit into property investment must be approved by the PRA.
What type of health insurance is required for the SRRV visa?
Answer: Applicants must provide valid medical insurance that covers hospitalization and treatment in the Philippines. It can be local or international, and retirees over 60 years old are encouraged to get coverage from local providers for easier hospital acceptance.
Is there an age limit for the SRRV visa application?
Answer: The minimum age for SRRV application is 35 years old under the “SRRV Classic” and “SRRV Human Touch” programs. There is no upper age limit, making it ideal for retirees of all ages who meet the financial and health requirements.
What happens if my passport expires after getting my SRRV visa?
Answer: You must renew your passport at your embassy or consulate. Once renewed, you should visit the PRA office to have your SRRV visa re-stamped on your new passport. Your visa status remains valid during this process.
Can SRRV visa holders buy land in the Philippines?
Answer: Foreigners, including SRRV holders, cannot directly own land in the Philippines. However, they may legally own condominium units or lease land for up to 50 years, renewable for another 25 years.
Is there an annual renewal fee for SRRV visa holders?
Answer: Yes. SRRV holders pay an annual PRA membership fee of USD 360 for the principal applicant and two dependents. Additional dependents are charged USD 100 each per year. This fee helps maintain your visa’s active status.
What should I do if I lose my SRRV ID card?
Answer: You must report the loss immediately to the PRA and file an affidavit of loss. A replacement card can be issued after paying a small processing fee. It’s important to keep a copy of your SRRV ID for verification purposes during the replacement process.
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