Long-running retirement programme administered by the Philippine Retirement Authority.
Duration
Permanent (multi-entry)
Threshold
Age 40+ (Sept 2025 reform). Classic deposits by age — 50+: $15k with pension / $30k without. 40–49: $25k with pension / $50k without.
Application fee
$1,400 application + $360/yr
Path to PR
Effectively PR from issuance; renewable indefinitely.
Tax treatment
Resident foreign nationals taxed only on Philippine-source income.
Family
Spouse and 2 dependants included; +$15k per extra dependant.
Required documents
·Medical clearance
·Police clearance (NBI / home country)
·Deposit confirmation in PRA-accredited bank
Things to know
·Deposit can be converted into condo or long-term lease.
·Restructured on 1 September 2025 into Classic and Courtesy categories; the SRRV Smile variant and the age-35 entry were discontinued. Minimum age is now 40.
·Pension qualification for Classic 50+: minimum $800/month single, $1,000/month couple.
·Courtesy category (retired diplomats, military, qualifying groups): $1,500 deposit at 50+; $3,000–$6,000 at 40–49.
·Bureau of Immigration clearance now mandatory for every applicant; existing SRRV holders are unaffected by the reform.
Apostille & legalization
Apostille route
Apostille only — both United States and Philippines are parties to the 1961 Hague Apostille Convention.
Documents that must be apostilled
·Police / criminal-record clearance
·Medical certificate
Bank statements, employment contracts, photos, passport copies and the application form itself do not need an apostille.
Obtain originals or certified copies of each civil/criminal record (birth certificate, marriage certificate, police clearance, diploma, etc.).
Have each document apostilled by the competent authority in United States (U.S. Department of State — Office of Authentications).
Translate the apostilled document into the official language of Philippines — the apostille itself is also translated.
Submit the apostilled + translated bundle directly to the Philippines immigration authority or consulate; no further consular stamp is required.
Translation: Most documents must be translated into the local language by a certified translator. Agency translations are usually accepted.