SRRV worth it or not - Page 6

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SRRV worth it or not - Page 6


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  #51 (permalink)  
Old 9th January 2020, 09:06 AM
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Scott, if you do your due diligence and yes do it again the answers are there, read and read more. You will not lose your deposit whether you die or change securities as long as you liaise with the PRA through the correct protocols, have a standing and credible will while conforming with requirements both in PH. as well as your home country.
The PRA simply hold your deposit, an encumbrance no different to a bank holding a mortgage over a property or lien. A simple legal guarantee. Business and little more from my readings and while some members twist most offer great advice.

Scott, read here, read there but do read.

As said I will eventually walk this path but only when it suits us for our situation..
Prosper mate.

Cheers, Steve.

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  #52 (permalink)  
Old 12th January 2020, 06:59 AM
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Back to any questions or information related to SRRV worth it or not.

__________________


I am not a regulated immigration adviser. I am offering an opinion and not advice. Check here for professional help with the Philippine Bureau of Immigration PBI https://www.facebook.com/officialbureauofimmigration or Philippine Retirement Authority PRA for an SRRV Visa https://pra.gov.ph/contact/ Always stay alert and don't let your guard down.

Last edited by M.C.A.; 12th January 2020 at 08:11 AM.
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  #53 (permalink)  
Old 12th January 2020, 09:54 AM
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Quote:
Originally Posted by greenstreak1946 View Post
Is the SRRV visa really worth having here? With the $10,000 deposit plus the $1400 application fee plus the $360 a year fee adds up to $11,760 total. Divide up each year what it cost to renew the tourist visa and see if it is worth getting the SRRV. That is around 8 to 10 years of tourist fees.

If not old enough then it is a $20,000 deposit!!!!

Hmmmmm! just my thoughts.

art
Good thoughts art and I see where you are coming from and agree at that level but if there are tax implications to be waived or a lazy SOB such as myself not wishing to visit immi every 59 days and pay the express fees when no one else is in the immi office, nor can I pick it up next week as I'm not in a hurry? "No sir you have to pay the express beer fees"
.
No return tickets or ? and is it EEC departure taxes providing you exit prior to 1 year. Other junk as well. A slightly smaller amount for Philhealth etc etc. the downside is locking cash up returning little as an investment in ones retirement. 10 or 20K US deposit/investment is an individual choice.

The SRRV system with the PRA offers a good variety of options and it's simply up to the pursuer whether any of these options suit. As said I too will go this way but when it suits me/us and not before.

Onwards with the topic, to each their own, research then do it again.

Cheers, Steve.

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  #54 (permalink)  
Old 13th January 2020, 03:01 AM
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Quote:
Originally Posted by bigpearl View Post
Onwards with the topic, to each their own, research then do it again.
THAT IS THE KEY!!. In that same train of thought, one has to be constantly aware of any changes to ones situation and/or laws which may or may not decree a change in Visa status. As for myself, I used to visit here short term on 21 day Tourist Visa, then when we moved here, I used Balbikbayan Visa status for a couple of years and have since gone to 13A(Permanent Resident) status which takes a couple of years to complete.

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  #55 (permalink)  
Old 5th February 2020, 05:10 AM
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Quote:
Originally Posted by bigpearl View Post
Scott, if you do your due diligence and yes do it again the answers are there, read and read more. You will not lose your deposit whether you die or change securities as long as you liaise with the PRA through the correct protocols, have a standing and credible will while conforming with requirements both in PH. as well as your home country.
The PRA simply hold your deposit, an encumbrance no different to a bank holding a mortgage over a property or lien. A simple legal guarantee. Business and little more from my readings and while some members twist most offer great advice.

Scott, read here, read there but do read.

As said I will eventually walk this path but only when it suits us for our situation..
Prosper mate.

Cheers, Steve.
Oh yes Thank you ,, I just came back to the website and discovered Many more replies and read most of them ,, Hey, I did not receive notices ,, Anyway thanks again still tossing this one about !!
Perhaps I could do a citizenship thing, as I am a 13a resident for 10 years already !!

I understand now that my son will get the account or condo if I die. My only other concern is some sort of "Personal" or "Health" emergency that would require an immediate cash transaction, because $10,000 is all my reserve emergency cash.

OK thanks much !!

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