Philippines investment immigration, officially known as the Special Retiree Residence Visa (SRRV), is a program launched by the Philippine Retirement Authority.
Category 1: Classic Program:
1. Applicants aged 35 to 49 must place a fixed deposit of $50,000 in the Development Bank of the Philippines.
2. Applicants aged 50 and above must place a fixed deposit of $20,000 in the Development Bank of the Philippines.
3. If the applicant brings only a spouse and one unmarried child under 21, or two unmarried children under 21, no additional investment is required. Beyond this, for each additional unmarried child under 21, an additional investment of $15,000 per person is required.
Category 2: Smile Program (Launched on May 5, 2011)
1. Applicants aged 35 and above must place a fixed deposit of $20,000 in the Development Bank of the Philippines.
2. If the applicant brings only a spouse and one unmarried child under 21, or two unmarried children under 21, no additional investment is required. Beyond this, for each additional unmarried child under 21, an additional investment of $15,000 per person is required.
