Philippines Application Procedures (New Policy Implemented on May 5, 2011)

Philippines Application Procedures (New Policy Implemented on May 5, 2011)

Philippines Application Procedures (New Policy Implemented on May 5, 2011) - The best immigration information is available on the Worldway Immigration official website.

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(I) Applicant Qualifications

● Main Applicant: Foreign citizens aged 35 or older (excluding citizens of countries without diplomatic relations with the Philippines and those restricted by the Philippine Department of Foreign Affairs).

● Immediate Family Members: The legal spouse of the main applicant and unmarried children under 21 years of age, or unmarried children under 21 years of age legally adopted by the main applicant.

(II) Investment Requirements

● 35 years of age or older & a deposit of 20,000 USD.

* For more than two dependents, an additional 15,000 USD is required for each additional person.

(III) Government Fees

● SRRV Application Fee: 1,400 USD for the main applicant, and 300 USD for each spouse and child.

● SRRV ID Annual Fee: 360 USD/year for the main applicant (can include 2 dependents); if there are more than two dependents, an additional 100 USD/year is required for each additional person.

Note: The above fees are the official fees of the Philippine Retirement Authority.

(IV) Required Documents

● Properly completed SRRV application form.

● Original passport and valid Philippine visa.

● Medical examination certificate.

● Certificate of no criminal record.

● 12 pieces of 2"x2" ID photos.

● Proof of relationship for dependents.

Including: Proof of financial capacity *All documents must be in both Chinese and English, and authenticated by the Philippine Embassy or Consulate.

(V) Application and Issuance

Our center is specially authorized by the Philippine government to process applications on behalf of clients. After the application is approved, the applicant must personally travel to the Philippines to collect the documents.

Investment involves risks, the above information is for reference only

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