srrv - Philippine Retirement Authority

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SRRV BENEFITSA Retiree-member or holder of the SRRV is accorded the following benefits:1. Special, non-immigrant status with multiple entry privilegesRetirees may stay in the Philippines for as long as they want, and they may come in and go outof the Philippines anytime they desire2. Exemption from customs duties and taxes for one-time importation of personaleffects, appliances, and household furniture worth US$7,000.00 which should not beof commercial quantity and must be availed of within 90 days upon issuance of theSRRVA retiree may dispose of the personal effects/household goods within three (3) years fromimportation. However, taxes due must be paid accordingly.Should the retiree decide to terminate the SRRV within three (3) years following the entry of thepersonal effects/household goods, retiree will be required to pay the necessary taxes and duties.However, retiree may opt to ship back the items to the country of origin to be exempted frompaying the taxes and duties.3. Exemption from the Bureau of Immigration ACR I-CardAs a PRA member, the retiree does not need to secure the yearly Alien Certificate ofRegistration Identification Card (ACR I-Card) from the Bureau of Immigration4. Exemption from payment of travel tax provided the retiree has not stayed in thePhilippines for more than one (1) year from date of last entry into the country5. Conversion of the requisite deposit into active investments such as the purchase ofcondominium units.Applicable only for retirees under the SRRV Classic6. Pensions and annuities remitted to the Philippines are tax-free7. Exemption from securing the Student’s Visa/Study PermitA Retiree-member (Principal or dependent) may study in the Philippines without securing theStudent’s Visa/Study Permit8. Free subscription of the PRN (PRA Newsletter)9. Free assistance in securing documents from other government agenciesDriver’s License from the Land Transportation Office (LTO)Alien Employment Permit (AEP) from the Department of Labor and Employment (DOLE)Tax Exemption/Exemption certificate from the Department of Finance (DOF)Tax Identification Number from the Bureau of Internal Revenue (BIR)Clearance from the National Bureau of Investigation (NBI)10. Availment of the Greet and Assist Program at selected ports of entry11. Participation in PRA Social Dynamics (social/community integration, educationaltours, etc)12. Availment of the 5% discount at selected Duty Free Philippines (DFC) outlets duringscheduled Family Days13. Free use of the PRA Retiree’s Lounge6
QUALIFICATIONS & REQUIREMENTSI. AGE QUALIFICATIONSRRVCLASSICSRRVSMILESRRVCOURTESYSRRVHUMAN TOUCHPrincipal ApplicantPrincipal ApplicantPrincipal ApplicantPrincipal Applicant35 years old & above35 years old & aboveForeign Nationals50 years old& aboveFormer Filipinos35 years old& above35 years old & aboveDependentDependentDependentDependentSpouse: Should be oflegal ageSpouse: Should be oflegal ageSpouse: Should be oflegal ageSpouse: Should be oflegal ageChild: Below 21years oldChild: Below 21years oldChild: Below 21 yearsoldChild: Below 21 yearsold*Principal applicant may be joined by dependents (spouse & children)Spouse – legitimate spouse of the Principal ApplicantChild- legitimate or legally adopted child by the Principal, who must beunmarried and below 21 years when joining the PRA program*Principal may bejoined by only onedependent. Either bythe spouse or by thechild.*Upon joining the program, child-dependent must be below 21 years old. The child may only remainas dependent until the age of 34. Once child reaches the age of 35, the child-dependent may opt tojoin as a Principal retiree otherwise the SRRV is deemed cancelled.*A spouse/child may only remain as a dependent as long as the Principal retiree has a valid SRR Visa*In case a Principal Retiree suffers an untimely demise, the surviving retiree-spouse may opt tobecome the Principal retiree, and the children remain as dependents. If the spouse chooses not tobecome the Principal member, the spouse and children’s SRRV MUST be cancelled. The law onsuccession shall apply with regard to the visa deposit.*Under the SRRV Courtesy, the Principal Applicant (Foreign national) must have either worked as aformer staff member of an International Organization or previously rendered diplomatic services in thePhilippines (allowed officers and designations are those recognized Officials by the DFA)*As per PRA Circular No. 12 dated January 15, 2013, the SRRV Courtesy program has beenexpanded to include retired ambassadors & other members of the diplomatic corps even if they havenot rendered diplomatic services in the Philippines, retirees of United National, World BankOrganization & International Monetary Fund, Honorary Consuls who have served in Philippinediplomatic posts; recipients of Nobel Prize, Ramon Magsaysay and other prestigious awards, scientists,physicists and top-rated engineers. Complete list may be found at www.pra.gov.ph.7
Page 1 and 2: INFORMATION GUIDETO THESPECIAL RESI
Page 3 and 4: BACKGROUNDERIntroductionThe Philipp
Page 5: The SRRV Classic, SRRV SMILE and SR
Page 9 and 10: IV. APPLICATION FEES TO BE PAID UPO
Page 11 and 12: VII. DOCUMENTARY REQUIREMENTSSRRVCL
Page 13 and 14: PROCEDURAL STEPS IN OBTAINING THE S
Page 15: PRA CONTACT DETAILSMAIN OFFICE:PHIL

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