SRRV Military/Diplomatic Ties With The Philippine Government

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SRRV Military/Diplomatic Ties With The Philippine Government


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Old 2nd February 2020, 07:14 AM
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Default SRRV Military/Diplomatic Ties With The Philippine Government

I've decided to finally sell my house in the USA and make my home here in the PI. I'm retired, single, social security pays me $2,000 a month. I could qualify for a SVRR visa, but it looks like a hassle and I will leave $15,000 tied up in a bank for no good reason. I'm looking into a long-stay visa extension (LSVEE) and it seems a good alternative. Simple, with extensions up to 16 months. Is there a down-side to this, or is there a reason for applying for the Special retiree visa I'm missing.[/SIZE]

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Old 2nd February 2020, 08:01 AM
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I am unfamiliar with the LSVEE. Most single guys I know (and me, when I was single) use the regular tourist visa. You get 29 days on entry, then you do extensions (1, 2, & 6 month avail). When you hit 36 months in country you have to leave, come back and do another 36 months.

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Old 2nd February 2020, 10:06 AM
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Had to delete one of the double postings and I couldn't move a message from another forum member BigPearl so I'll post it here:

Welcome to the forum and hope to hear your decisions good and bad.
Your budget in U.S dollars is fine for a reasonable lifestyle depending on what you are used to.
While yes the SRRV will take 10K US from your budget it also offers plenty of other options within the bundle.
Coming in on a tourist visa is probably wise with up to 3 years before having to do a visa run then start again. Apart from the 60 day immi visits to renew your visa all else is painless, ACR 1 registration included and though a tad more expensive annually does not lock up your 10K and gives you an exit if not happy in PH.
Getting your investment back from PRA could take 6 to 12 months from feedback I have read.
Good luck with your decision/s.

Cheers, Steve.

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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 2nd February 2020, 10:21 AM
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Haven't heard from you in a while and good on you Kenslrv welcome to the Philippines and good luck with selling your home.

Have you ever served in the military or looked at all the options for the SRRV... I'll post the link to a more detailed pdf file. https://pra.gov.ph/wp-content/upload...e-04.14.15.pdf and also an official link on Facebook https://www.facebook.com/PhilippineRetirementVisa/

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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 2nd February 2020, 02:23 PM
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I've served in the navy, but only four years, The idea of leaving the country and starting the visa all over is not a problem, plenty of places to explore. Buying a property here does not appeal to me. Money is not a problem. I like the idea of freedom. What benefits will an SRVV visa give me that an extended visa does not?
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Old 2nd February 2020, 03:15 PM
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Quote:
Originally Posted by kenslvr View Post
I've served in the navy, but only four years, The idea of leaving the country and starting the visa all over is not a problem, plenty of places to explore. Buying a property here does not appeal to me. Money is not a problem. I like the idea of freedom. What benefits will an SRVV visa give me that an extended visa does not?
If this will be your final stop, with your DD-214 you would be eligible for the SRRV The cost is the $1,400 USD application fee and a $1,500 USD deposit in an authorized Philippine Bank and you would be a permanent resident so no longer a tourist, that would open more doors for you especially if you want to have your pension electronically sent to a Philippine bank here or open up an internet account, electricity in case you change your mind and want to own something like a condo.

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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 2nd February 2020, 11:40 PM
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hey M.CA.

You sure it is $1500 and not $15,000 deposit for the SRRV visa with a DD214? I have the DD214 since I serve in the military in the USA. I did not retire from there. I read you have to be a retired officer to qualify for this visa with only a $1500 deposit.

Art


Last edited by greenstreak1946; 2nd February 2020 at 11:46 PM.
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Old 3rd February 2020, 12:16 AM
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Quote:
Originally Posted by greenstreak1946 View Post
hey M.CA.

You sure it is $1500 and not $15,000 deposit for the SRRV visa with a DD214? I have the DD214 since I serve in the military in the USA. I did not retire from there. I read you have to be a retired officer to qualify for this visa with only a $1500 deposit.

Art
Art I've never heard that before but then again I never went the SRRV route, I'd contact the PRA about this. When I was stationed in Guam I was going go the SRRV route and was pretty much set up but didnt' have all my paperwork in order and I'm not an officer.

I have a buddy that is going this route and I'll ask him, he only served 7 years and is enlisted.

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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 3rd February 2020, 12:32 AM
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Quote:
Originally Posted by kenslvr View Post
I've served in the navy, but only four years, The idea of leaving the country and starting the visa all over is not a problem, plenty of places to explore. Buying a property here does not appeal to me. Money is not a problem. I like the idea of freedom. What benefits will an SRVV visa give me that an extended visa does not?
If you are ex military from any of the SRRV countries you should qualify for the 1,500 deposit and I believe that it also comes with a $10 renewal. You can also pay that 3 years in advance. ( As far as I know, serving is what qualifies, not doing a full 20 and getting a pension, I never served so never investigated this option.)

My SRRV took a total of about 5 hours of my time for the first year. Then another hour to get the next three years. No annual reports, no more immigration hassles. You can come and go as you please and do not need an onward ticket to arrive.

On tourist visa they are single entry, if you get a 6 month extension then need or want to leave the country you restart at the visa on arrival stage again.

SRRV allows you to get a driver license. Technically you cannot get one on a tourist visa, but some are reporting getting them.

Other than the deposit and application fees, annual fees (on the $360 per year) are about the same as tourist visa extension.

You have to decide for your self. Is the deposit (you get 1% interest on it ) and the $US1,400 application fee worth the reduced hassles? To me yes, to you ???
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Old 3rd February 2020, 12:51 AM
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This was on the SRRV visa page from the Philippine immigration Services. There were 5 different SRRV visas. All required a $15,000 deposit but not this one. I think there was one for a $10,000 deposit.

Smile, classic, human touch, courtesy and expanded courtesy are the 5 visas classifications. courtesy and expanded courtesy is only $1500 deposit but has to be a retired officer or a filipino citizen for the courtesy one. the expanded courtesy does not list the filipino citizen. Just to be a retire officer or ties to the philippine government.

Art

I don't know hat they mean by having an agreement with the Philippine government.


SRRV EXPANDED COURTESY

For foreign nationals, 50 years old & above, who are retired Armed Force officers of foreign countries with existing military ties and/or agreement with the Philippine Government. A monthly pension of at least US$1,000.00 and an SRR Visa deposit of US$1,500.00 are required. The SRR Visa deposit includes the principal applicant and 2 dependents. Additional dependent, entails additional SRR Visa deposit of US$15,000 each (except for former Filipinos). CHILDREN must be legitimate or legally adopted by the Principal Retiree, unmarried and below 21 years old upon joining the program.


Last edited by greenstreak1946; 3rd February 2020 at 01:02 AM. Reason: more info
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