SRRV worth it or not

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SRRV worth it or not


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Old 25th December 2019, 11:02 AM
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Default SRRV worth it or not

Does anybody have experience with the SRRV Visa ,, Not sure if I want to bring a Large amount of Money to post in a PH bank ?? However it does seems like a good alternative to a 13a marriage Visa.

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Old 25th December 2019, 05:41 PM
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it does seems like a good alternative to a 13a marriage Visa.
It's the only alternative. There's a regular 13 but that's not guaranteed.

13a costs a few dollars, SRRV costs from $10,000 to $50,000, seems like an easy decision to me.
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Old 25th December 2019, 11:21 PM
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It's the only alternative. There's a regular 13 but that's not guaranteed.

13a costs a few dollars, SRRV costs from $10,000 to $50,000, seems like an easy decision to me.
Never read about a "regular"13, and a 13A can be expensive also, because one needs to be "Married" lol.

I am just not sure of the "security of the bank" and what happens to this money if I do not use it ?? I read that in the past there was an incident with this SRRV, and the money of many persons was mysteriously gone. Is the money available in the event of some type of "personal" emergency, or "health" crisis ??
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Last edited by Scott E; 25th December 2019 at 11:24 PM.
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Old 26th December 2019, 02:55 AM
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Scott welcome to the forum, it sure is a challenge to live here single for sure and there's more threads on the SRRV issue and I did find one: https://www.expatforum.com/expats/ph...xperience.html

What about using your deposit as a Condominium purchase? As long as it's only in your name you should be fine.

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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.
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Old 26th December 2019, 03:08 AM
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I am just not sure of the "security of the bank" and what happens to this money if I do not use it ?? I read that in the past there was an incident with this SRRV, and the money of many persons was mysteriously gone. Is the money available in the event of some type of "personal" emergency, or "health" crisis ??
The money is not yours anymore, so there's no need to worry about it. It's an investment in the Philippines. All you can do is transfer it to another investment (condo, extended lease), and even doing that has many regulations.

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Old 26th December 2019, 05:39 AM
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Scott welcome to the forum, it sure is a challenge to live here single for sure and there's more threads on the SRRV issue and I did find one: https://www.expatforum.com/expats/ph...xperience.html

What about using your deposit as a Condominium purchase? As long as it's only in your name you should be fine.
Maybe ,, depends where my son will go to school ,, not a fan of Condos ,, and worse yet taking a lease is just a loss for my son, less money too give his inheritance at that time !!
I do live in my House ,, better to own something ,, Yes a Condo is sellable at least, able to recover the money !!
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Old 26th December 2019, 05:41 AM
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The money is not yours anymore, so there's no need to worry about it. It's an investment in the Philippines. All you can do is transfer it to another investment (condo, extended lease), and even doing that has many regulations.
That is the Biggy ,, "The money is "NOT MINE" any more !!

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Old 26th December 2019, 09:30 AM
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That is the Biggy ,, "The money is "NOT MINE" any more !!
Well you still get it back if you withdraw from the system.
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Old 26th December 2019, 12:00 PM
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a Condo is sellable at least, able to recover the money
Not if you mean the SRRV money; if you use that deposit to buy a condo, and then sell the condo, the money goes back to the Philippines (National Bank).

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Old 26th December 2019, 12:07 PM
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Not if you mean the SRRV money; if you use that deposit to buy a condo, and then sell the condo, the money goes back to the Philippines (National Bank).
I think he means if I stop the SRRV and get married with a 13a ,, or leave the country ,, I any event, if say "I die" who gets the money ,, can my son inherit this pile of cash !!

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