C. Immigrant's Visa
C.b Procedure for the issuance of a Special Resident Retiree's Visa
(SRRV)
Applicant submits either to the Philippine Retirement Authority (PRA) or to the Consulate General the following:
- Philippine Retirement Program Application form;
- Medical Certificate Form ;
- Police Clearance duly authenticated by the Foreign Affairs Office of the Province where the applicant resides;
- Certification of bank deposit in the amount of US$50,000.00 or above and US$15,000.00 for dependent. The banks accredited to the PRA are Bank of America, Hong Kong and Shanghai Bank, and Philippine National Bank;
- Birth Certificate duly authenticated by the Foreign Affairs Office of the province where the applicant was born;
- Photocopy of the page of the passport where the personal details of the applicant appears;
- Photographs (12 pcs. 2x2 inches and 6 pcs. 1x1 inch);
- Marriage certificate (if accompanied or to be accompanied by spouse) duly authenticated by the Foreign Affairs Office of the province where the certificate was issued; and
- Birth Certificate of dependent/s (if accompanied or to be accompanied by them) duly authenticated by the Foreign Affairs Office of the province where the dependent was born.
- If the above documents are submitted to the Consulate General, it forwards the documents to the Philippine retirement Authority (PRA) through the Department of Foreign Affairs;
- PRA will pre-process the application. If found qualified, a notice of approval will be sent to the applicant including instructions for remittance of the US$50,000.00 to any of the accredited banks for deposit in his name. The depository bank shall issue a certificate to the PRA that the amount has been cleared and received for deposit in the name of the applicant;
- The applicant remits the application processing fee of US$1,500.00 to the PRA if over 50 years of age, and US$2,000.00 if less than 50 years of age but at least 35 years of age;
- PRA favorably endorses the application to DFA;
- DFA authorizes the Consulate General to issue the visa;
- The Consulate General notifies the applicant; and
- Applicant pays the visa fee of RMB 3,000.00.
