Can I include my spouse in my Philippines SRRV application?
Yes, you can include your legal spouse as a dependent in your SRRV application by providing a marriage certificate and paying a small additional visa deposit or processing fee.
What are the age requirements for the Philippines SRRV program?
Applicants must be at least 35 years old to qualify for the SRRV program. However, certain options like the “Classic” plan have different requirements based on the applicant’s age and deposit category.
Do I need to show proof of pension to apply for the SRRV?
It depends on the type of SRRV you choose. The “SRRV Smile” requires only a time deposit, while the “SRRV Classic with Pension” requires proof of a guaranteed monthly pension.
How long does it take to get an SRRV approved in the Philippines?
The approval process generally takes around 4 to 6 weeks once all documents are submitted and verified by the PRA (Philippine Retirement Authority).
Can I work or start a business in the Philippines under the SRRV?
Yes, SRRV holders are allowed to work, invest, or engage in business activities in the Philippines, provided that proper permits or registrations are obtained.
What kind of health insurance is required for the SRRV application?
Applicants are required to have valid health insurance that covers hospitalization and medical care in the Philippines, either local or international.
Can I use my SRRV visa to study or enroll in a Philippine school?
Yes, SRRV holders can study in the Philippines and enroll in local universities or international schools without changing visa type.
What happens if I cancel my SRRV visa?
If you cancel your SRRV visa, your time deposit will be refunded after all clearances are completed, though processing fees may be deducted.
Is the SRRV deposit refundable if I decide to leave the Philippines permanently?
Yes, the deposit is refundable once the SRRV is cancelled and all requirements such as immigration clearance are completed.
Can I buy property in the Philippines under the SRRV?
Foreigners cannot directly own land in the Philippines, but SRRV holders can purchase condominium units or lease land for up to 50 years.
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