Panglaodreamer
1/22/2017 19:00 EST
Just wondering if I have this right and if anyone can help me understand the requirements. I am 66 years old and have been married to a Filipina for 22 years now. We own a house on Panglao island which is half paid off. There is around $60,000 in equity on it now or around 3 million Pesos. If I understand the requirements right for a SRRV visa, I can use this equity instead of putting $10 to $20 thousand dollars in a bank there? Any knowledgable help concerning this topic is greatly appreciated.
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TeeJay4103
1/22/2017 19:42 EST
Panglaodreamer
I would tend to believe that the answer would be no.
Here are a couple of links with contacts who can answer your question definitively
From an email:
"Thank you for your interest in the retirement program of the Philippine government. This is to confirm receipt of your PRA Registration. Please see the attached letter regarding the Special Resident Retiree's Visa (SRRV). I included also to attach the application form, medical examination clearance form and the remittance instruction for the visa deposit. Should you have further clarification, feel free to send us email at clientrelations@pra.gov.ph. Thank you.
Very truly yours,
NARICRIS B. SISON
Market Specialist "
___________________________________________________________________________________
Another contact:
MS. SCARLET L. LACHICA
Retiree Assistance Officer III, Clark-Subic Satellite Office
Mobile No. : 09179853715
E-mail : pra.clarksubic@gmail.com
___________________________________________________________________________________
There are also a couple rep on Facebook, just type ......SRRV.......into the search window and go.
Good luck.
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TeeJay4103
1/22/2017 20:16 EST
sherwood
Is your answer from firsthand knowledge? If so, please provide more details. Thanks
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TeeJay4103
1/22/2017 20:37 EST
Panglaodreamer
I sent a message to an SRRV rep for clarification. We are leaving the house now to take care of a little business and will send an email to the other contacts at the PRA later in the day.
In the past, it has taken from 1 to 3 days for them to reply.
I will post any response.
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Mattglobe
1/22/2017 21:55 EST
Just wondering why you want an SRRV. Since you are married to a Filipina, just apply for a 13A prmanent resident visa. No investment required. The first year is probationary. After that you can get permanent.
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sherwood
1/23/2017 10:28 EST
I have not used my equity in our real estate holding in the Philippines to get my SRRV yet. But I intend to do so in the spring. So I have not gone thru the process. I will let you now how it goes when I apply and the approval process and problems, if any, I encounter.
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draks
1/23/2017 18:20 EST
If you are married to a filipina you can stay here a year leave for 24 hours stay another year or get a 13a visa no need for a retirement visa I don't think
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draks
1/23/2017 21:27 EST
Can someone explain time why you would have a retirement visa if you are married to a filipina?
Think I must be missing some of the benefits lol
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seernai
1/23/2017 21:56 EST
Hi Good Morning Draks the only Benefit I can think of is your totally independent of your wife because if you split from your wife you lose your marriage visa but if you have the srrv it makes no difference
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GaryD
1/24/2017 03:09 EST
You could loose your 13a but it is unlikely, unless someone has it in for you.
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draks
1/24/2017 03:52 EST
Well there is no divorce here so if you split she can't remarry either.
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seernai
1/24/2017 04:18 EST
If you married in your own Country e.g. UK and you Divorce Her , under article 26 of the Philippine Family law which was passed on October 5 2005 and its legal in the Philippines look it up on google
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Dutchmen2003
2/22/2017 23:46 EST
My PRA - SRRV experience 2017.
This year I had to renew my SRRV card. This happens every three years. Most times I went to the PRA office in Makati. This time is renewed my card differently. Step one:
1. One passport photo 2x2
2. Copy of valid passport
3. Paid the equivalent of US$ 10 per year = 3 times US$10 = US$30. In Pesos this was ?1500
4. Paid Courier fee ?150
5. Complete home address
6. Couriers address or pick up address
7. Cell phone
8. Payment via Landbank. Philippine Retirement Authority
Your name & SRRV number
Account No: 0052-1054—63
Branch Buendia Branch
#319 Sen. Gil.J. Puyat Avenue
Makati City
Sent money deposit slip & nrs 1 > 7 to RRSC department manager, Philippine Retirement Authority, 4/F Citybank Center, 8741 Paseo de Roxas 1200 Makati City, Philippines.
PRA will mail you the official receipt & new PRA – ID card.
. Greetings, Ditchman in the Philippines
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