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April 1, 2024
4 min

How to Obtain the Philippines Golden Visa: Guide on Investor’s and Retiree’s Resident Visas

Brittany Collins - head of legal department

The Philippine Golden Visa Program offers wealthy individuals a chance to become a resident in the Philippines. There are two types of Golden Visas: a Special Investor's Resident Visa (SIRV) and a Special Resident Retiree’s Visa (SRRV).

The first one can be obtained by investment of $75,000+. The second one is granted to retirees over 50 who open a bank deposit and have a pension of at least $800.

This comprehensive guide aims to simplify your journey to getting a Philippines Golden Visa while ensuring you are well-informed about all necessary details before making any decisions.

The Philippines Golden Visa

How to Obtain the Philippines Golden Visa: Guide on Investor’s and Retiree’s Resident Visas

Requirements for Investors Visa (SIRV)

Investors are not allowed to invest in any business. It must belong to the government-approved sector. The list includes:

  • business and financial services;

  • communication services;

  • construction and engineering;

  • distribution services;

  • education services;

  • environmental;

  • health and social;

  • tourism and travel;

  • recreational, cultural, and sports;

  • transport services.

You must also show proof of your financial commitment, like bank statements or share certificates and keep your initial investments throughout your stay to keep your resident status.

To get the SIRV, you must meet some criteria. They are:

  • being at least 21 years old;

  • having no dangerous or contagious diseases;

  • having no criminal record.

The investor can add their close family members: a spouse and unmarried children under 21.

How to Obtain the Special Investor Resident Visa

1

1—2 weeks

Collection of documents

The basic list of documents you need to provide includes:

  • a passport;

  • a birth certificate;

  • a marriage certificate, if applicable;

  • an application form;

  • a CV;

  • police clearance;

  • a medical certificate.

All the documents must be translated into English.

An applicant can be required to provide additional papers depending on their situation and background.

2

1 day

Application and payment of a fee

The application is submitted to the Philippines Board of Investments (BOI).

Upon filing it, you must pay a processing fee of $300 for each applicant.

3

1 week

Make an investment

After you obtain your SIRV, you must come to the Philippines and make an investment. It can be done only in person. You have 6 months to do it.

4

1 week

Converting SIRV to an Indefinite SIRV

After investing, you obtain a SIRV that is valid for an unlimited time.

5

After 10 years

Application for citizenship

You must live in the Philippines for at least 10 years to obtain citizenship. You will also be required to know the history of the country and be able to speak any official language.

Requirements for Retirees Visa (SRRV)

There are five types of Golden Visas for retirees:

  • Smile;

  • Classic;

  • Human Touch;

  • Courtesy;

  • Expanded Courtesy.

An individual must be at least 50 to obtain any of them.

SRRV Smile. The retiree must deposit $20,000 into a Philippine bank. Their retirement status is not important.

SRRV Classic is for retirees who wish to invest in a condo unit or long-term lease on a house and lot. The required deposit is $10,000 if the retiree has a monthly pension or $20,000 if the retiree does not have a pension.

SRRV Human Touch. This option is for retirees who need medical care or clinical services. The required deposit is $10,000, and the retiree must have a monthly pension of at least $1,500.

SRRV Courtesy. This option is for former Filipino citizens or foreign nationals who have served in the Philippine government. The required deposit is $1,500.

SRRV Expanded Courtesy is for foreign nationals who are retired officers of international organizations recognized by the Department of Foreign Affairs. The required deposit is $1,500, and the retiree must have a monthly pension of at least $1,000.

The applicant can add their close family members to the application. That includes a spouse legally married to the applicant and unmarried children under 21.

Required Sums of Money for Different Types of SRRV

Types of SRRV

Minimum pension

Minimum deposit

Smile

$20,000

Classic

$800 — for one person

$1,000 — for a couple

$10,000 — with pension

$20,000 — without pension

Human Touch

$1,500

$10,000

Courtesy

$1,500

Expanded Courtesy

$1,000

$1,500

A visa deposit includes a principal applicant and 2 dependents. If a person wants to add more dependents, they must deposit an additional $15,000 for every person except for former Filipinos.

How to obtain the Special Resident Retiree’s Visa

The process of acquiring SRRV is similar to one of acquiring SIRV. It also takes 1—2 months.

1. Collection of documents
1—2 weeks

The basic list of documents you need to provide includes:

  • a passport;

  • a birth certificate;

  • a marriage certificate, if applicable;

  • an application form;

  • a police clearance certificate;

  • a medical certificate.

All the documents must be translated into English.

An applicant can be required to provide additional papers depending on their situation and background.

2. Making a deposit
1 week

It depends on the chosen type of SRRV and must be transferred inside the Philippines from a Filipino bank account.

3. Application and payment of a fee
1 day

The application is submitted to the Philippines Board of Investments (BOI).

Upon filing it, you will need to pay a processing fee of $1,400 for a principal applicant. The fee for each dependent is $300.

4. Obtainment of SRRV Card
Up to 1 month

SRVV Card equals a residence permit and can be extended annually. Upon extending, the applicant must pay a fee of $360.

5. Application for citizenship
After 10 years

You must live in the Philippines for at least 10 years to obtain Philippine citizenship. You will also be required to know the history of the country and be able to speak at least one of the official languages.

5 Privileges of the Golden Visa Program

The Special Investor’s Resident Visa (SIRV) and Special Resident Retiree’s Visa (SRRV) program offers a variety of benefits designed to attract foreign investment into the Philippines. Here are some of the key benefits.

1. Investment opportunities. The SIRV program allows foreign nationals to invest in a variety of different sectors within the Philippine economy, such as manufacturing, agriculture, public utilities, tourism, and more. It provides an excellent opportunity to diversify one’s investment portfolio and earn a solid return on investment.

The SRRV holders are allowed to invest in a condo unit or long-term lease on a house and lot. They also can get interest on the bank deposit.

2. Exemptions. SIRV and SRRV holders are exempt from securing an Alien Certificate of Registration (ACR) and the Emigration Clearance Certificate (ECC), which are typically required for foreign nationals staying in the country for over 59 days.

3. Access to services. SIRV and SRRV holders have access to all the standard services and infrastructure in the Philippines, including healthcare, education, transportation, and more.

4. Employment opportunities. SIRV holders are permitted to be employed in the Philippines in connection with their investment, which can be a significant advantage for those looking to do business in the country.

5. Residency. With SIRV and SRRV, you can reside indefinitely in the Philippines. The visa grants multiple-entry privileges, making traveling in and out of the country easy.

The Philippines Golden Visa

The cost of living in the Philippines is generally lower than in many Western countries. It includes housing, food, transportation, and healthcare costs

Key Takeaways

  1. There are two types of Golden Visas: a Special Investor’s Resident Visa (SIRV) and a Special Resident Retiree’s Visa (SRRV).

  2. The SIRV can be obtained by investing $75,000+ in a company in a government-approved sector.

  3. The SRRV is granted to retirees over 50 who open a bank deposit. In some cases, they are also required to have a pension.

  4. The process of obtaining both types of visas takes 1—2 months.

  5. Benefits of the Philippines Golden Visa include investment and employment opportunities, the right to reside in the Philippines and access to healthcare and education in the country.

Frequently Asked Questions

  • Is there a Golden Visa Program in the Philippines?

    Yes, there are two types of Golden Visas in the Philippines: Special Investor’s Resident Visa (SIRV) and Special Resident Retiree’s Visa (SRRV), designed for investors and retirees, respectively.

  • How to Get a Golden Visa in the Philippines?

    To obtain a Golden Visa in the Philippines, you can apply for a Special Investor’s Resident Visa (SIRV) if you invest at least $75,000 in a business in an approved sector of the economy.

    Retirees can also obtain the Special Resident Retiree’s Visa (SRRV) if they are over 50 years and make a deposit in a Philippines bank.

  • Can a Foreigner Become a Philippine Citizen?

    A foreigner can become a Philippine citizen after living there for at least 10 years. It is also required to know one of the official languages and the history of the Philippines.

  • What Visas are Available in the Philippines?

    Many visa types are available in the Philippines, both short-stay and long-stay.

    To live in the Philippines for a long time, wealthy individuals can obtain a Special Investor’s Resident Visa (SIRV) if they invest at least $75,000 or a Special Resident Retiree’s Visa (SRRV) if they are over 50.

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