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  1. #76
    Thailand Expat Backspin's Avatar
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    Quote Originally Posted by TizMe View Post
    For retirement visa in PH.

    35 to 49 Years Old = US$50,000.00

    50 years old and Above:

    A. With Pension = US$10,000.00

    B. Without Pension = US$20,000.00

    PRA: Philippine Retirement Authority

    * May be used for investment/s in RFO Real Estate Properties;

    * Investment value must be at least US$50,000.00
    $50,000 is pretty reasonable

  2. #77
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    ^that was posted by Tizme in 2017.

    New change this year: Philippines has removed the 35-49 year old category for SRRV. Only ppl 50 years old & above can apply. The monetary requirements are still the same.

    However, one cannot apply for the SRRV (retirement visa) from abroad right now and PH is not accepting foreign tourists at the moment.

  3. #78
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by Shutree View Post
    I'm not sure this news piece merits a new thread on a Thai forum.
    Posted elsewhere, but I think he posted it black on blue.

    Quote Originally Posted by katie23 View Post
    Philippines has removed the 35-49 year old category for SRRV.
    Gosh.

    Fucked if I know what that means.

  4. #79
    Thailand Expat Saint Willy's Avatar
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    Quote Originally Posted by cyrille View Post
    Fucked if I know what that means.
    A wild stab in the dark would be that SRRV is the retirement visa for the Philippines that Tizme reported, socal quoted and Katie was referring to?

  5. #80
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    ^yup, correct.

    SRRV = special resident retirees visa

    Previously, people aged 35-49 could apply, but they had a higher monetary requirement. This was targeted to mainly Korean & American military retirees. (I think in USA, one could retire after 20 years of service? So if one entered the military at 18, he/she could retire at 38 & be eligible for the SRRV program. I think there's a similar policy for South Koreans.)

    However, in recent years there have been a lot of relatively young Chinese people using the SRRV. Some Senators expressed concern over this - that it might be a security risk. There was also the issue of the Chinese working here & not paying the proper taxes. To my knowledge, the SRRV doesn't allow one to work.

    So the PH govt suspended the SRRV program late last year (Sept or Oct?) - subject to review.

    The SRRV program is now open again, but they've removed the option for younger retirees (35 to 49 years old). One must be 50+ y.o. to apply, and must be in-country.

    There's a category of SRRV (SRRV Courtesy, I think) which is for military veterans of countries that PH has agreements with (USA, etc). The bank deposit for that one is only 1,500 usd.

    The PRA (Philippine Retirement Authority) which handles the SRRV conducts zoom orientations once in a while (to my knowledge). If interested, visit their website.

  6. #81
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    Quote Originally Posted by katie23 View Post
    ^yup, correct.

    SRRV = special resident retirees visa

    Previously, people aged 35-49 could apply, but they had a higher monetary requirement. This was targeted to mainly Korean & American military retirees. (I think in USA, one could retire after 20 years of service? So if one entered the military at 18, he/she could retire at 38 & be eligible for the SRRV program. I think there's a similar policy for South Koreans.)

    However, in recent years there have been a lot of relatively young Chinese people using the SRRV. Some Senators expressed concern over this - that it might be a security risk. There was also the issue of the Chinese working here & not paying the proper taxes. To my knowledge, the SRRV doesn't allow one to work.

    So the PH govt suspended the SRRV program late last year (Sept or Oct?) - subject to review.

    The SRRV program is now open again, but they've removed the option for younger retirees (35 to 49 years old). One must be 50+ y.o. to apply, and must be in-country.

    There's a category of SRRV (SRRV Courtesy, I think) which is for military veterans of countries that PH has agreements with (USA, etc). The bank deposit for that one is only 1,500 usd.

    The PRA (Philippine Retirement Authority) which handles the SRRV conducts zoom orientations once in a while (to my knowledge). If interested, visit their website.
    Great information, thanks.

    Philippines could well be the best choice for North American, British and North European people. People speak English and have open mind to foreigners. Problems are the infrastructure, or rahter lack of it - you really don't want to walk half a mile in total darkness - and crime. No guns signs outside schools tell a story that many in the US want to escape.

    But considering everything, Philippines is a great place and I could live there.

  7. #82
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    Easiest place to live? In their finest hour, Thailand had it. But that's all gone. Now Philippines, Cambodia, Myanmar - Philippines for relative safety and Cambodia and Myanmar for the adventurous. Cambodia business visa compared with Thai... no contest. Malaysia is harder and Singapore is a very good first world option if you have a good well paying job and live there.

  8. #83
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    Quote Originally Posted by DC101 View Post
    Philippines, Cambodia, Myanmar - Philippines for relative safety

    Quote Originally Posted by DC101 View Post
    Philippines could well be the best choice for North American, British and North European people.
    Well, that excludes you . . .


    Quote Originally Posted by DC101 View Post
    Malaysia is harder and Singapore is a very good first world option if you have a good well paying job and live there.
    True, but better choices in the work and safety stakes - 8ish years in Sing and 12ish years in Malaysia and counting. Far superior to Th, PH, MY, VN, CA etc... imho

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