Today, many countries have introduced immigration policies, such as the United States, Canada, and Australia, which are major destinations for immigrants. However, some immigration pathways in these countries require significant investment, leading many investors to ask: which is the most affordable country for investment immigration? Today, I will reveal the answer.
This most affordable country for investment immigration is the Philippines, specifically through the Special Resident Retiree's Visa (SRRV) program. The SRRV is a time-deposit program managed by the Philippine Retirement Authority (a government agency under the Philippine Bureau of Immigration) for foreign nationals and former Filipino citizens. Holders are granted the privilege of multiple-entry and the right to reside permanently in the Philippines.
I. Requirements for the Philippine Special Resident Retiree's Visa (SRRV):
1. Make a time deposit at a bank designated by the Philippine Retirement Authority.
2. The deposit amount is $20,000 USD for each principal applicant. If there are more than two dependents, an additional $15,000 USD deposit is required for each additional dependent.
3. The aforementioned deposit cannot be converted into other forms of investment; it cannot be withdrawn while the SRRV ID remains valid. The deposit can only be withdrawn upon cancellation of the SRRV ID.
You read that correctly: with just $20,000 USD, you can obtain a Philippine residency visa, making it arguably the most affordable investment immigration program available.
II. Other Costs for Applying for the SRRV:
Government-mandated fees: (These prices are subject to the final requirements of the Philippine government)
Processing fee for the principal applicant: $1,400 USD
Processing fee for family members: $300 USD per person
Annual inspection fee for the retirement visa (ID card fee): $360 USD per family per year. For a family of three, it is $360 USD per year; for each additional applicant, an extra $100 USD is added. The ID card is generally valid for three years, with a cost of $1,080 USD for a family of three.
Medical examination fee: $100 USD per person
Photo fee: 200-500 Philippine Pesos per person (approximately 30-74 RMB)
Note: These fees already include the costs for the Bureau of Immigration and the initial issuance of the PRA ID card.
The Philippine Special Resident Retiree's Visa is one of the fastest immigration programs on the market. You can obtain status with a $20,000 USD deposit; there are no requirements for capital source, language, education, or management experience; there is no minimum stay requirement; and it allows for permanent, free entry, schooling, working, and residing in the country.