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Image link to Sample Calculation Page

Check out our Sample Computations .

You can browse through each floor and choose your favorite unit. Find out details ie:

Area measurements
Availability
Price
Amortization schedule
Promotional offers

Also, you can try out the mortgage calculator to determine the monthly payments that would suit your budget.

Find out more

When in Davao City, stay at Linmarr Davao Hotels and Apartelles

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December 26, 2011

WANT TO RETIRE IN THE PHILIPPINES

The Special Resident Retiree's Visa (SRRV) is issued by the Philippines to foreigners and overseas Filipinos.

The Special Resident Retiree's Visa (SRRV) is issued by the Bureau of Immigration (BI) of the Republic of the Philippines under the Retirement Program of the Philippine Retirement Authority (PRA) to foreigners and overseas Filipinos. It entitles the holder to multiple-entry privileges with the right to stay permanently/indefinitely in the Philippines.

Basically, this is how it works, you invest money in the Philippines, you get an SRRV visa. The PRA has defined certain kinds of investments, and has a list of partners offering such investments, such that if you agree to invest in an approved investment a SRRV will be issued to you.

Once you are an SRRV Visa holder, it opens the door to vast opportunities and benefits. These include:

1. Option to Retire Permanently.

You may live, work and study in the Philippines.

2. Multiple Entry Privileges.

You may travel outside the Philippines and re-enter anytime.

3. Exemptions from:
  • Income tax over your pension and annuities;
  • Exit and re-entry permits of the Bureau of Immigration;
  • Annual registration requirement of the Bureau of Immigration;
  • Customs Duties and Taxes with regards to the importation of household goods and personal effects up to US$7,000.00;
  • Travel tax, if your stay in the Philippines is less than one year from the last entry date; and
  • I-Card
4. As an SRR Visa holder, the Philippine Retirement Authority (PRA) can assist you in obtaining basic documents from other government agencies. These include, but are not limited to:.
  • Alien Employment Permit
  • Driver's License
  • Tax Exemption/Extension Certificate
  • Tax Identification Number
  • National Bureau of Investigation (NBI) Clearance

Starting May 05, 2011, more SRRV options will be made available for you to choose from on how to Retire in the Philippines.

You can choose from the SRRV SMILE, the SRRV CLASSIC, SRRV HUMAN TOUCH, and the SRRV COURTESY.

IMPLEMENTING DETAILS OF PRA PROGRAMS
SRRV Visa SMILE CLASSIC HUMAN TOUCH COURTESY
Age & Amount of Investment 35 Years Old & Above- US$20,000.00
  • 35-49 Years Old- US$50,000.00
  • 50 Years Old & Above:
    • Without Pension- US$20,000.00
    • With Pension*- US$10,000.00

Show proof of monthly pension remitted to the Philippines (US$800.00 for single applicant and US$1,000.00 for married couples)*

 35 years old & above- US$10,000.00
  • Must have a pre-existing condition (except contagious diseases) and in need of medical care and services.
  • Should show proof of monthly pension remitted to the Philippines equal to at least US$1,500.00.
  • 35 Years Old and above for Former Filipino citizens- US$1,500.00
  • 50 Years Old and above for Ambassadors/Retired Diplomats who served in the Philippines- US$1,500.00
Type of Investment Deposited and LOCKED-IN in the bank
  • May be converted into investments.
  • Total amount of Investment must be at least US$50,000.00 for conversion to be allowed.

NOTE: For investment in condominium or long-term lease of House and Lot, units must be Ready For Occupancy.

 Same conditions prescribed under SMILE enrolment program.

May be converted into investments.

NOTE: For investment in condominium or long-term lease of House and Lot, units must be Ready For Occupancy.

Email inquiry@pra.gov.ph or follow this link Philippine Retirement Authority for complete details on the requirements for each SRRV option or if you're feeling bold just Apply Online.

Related links:

Linmarr Towers Pricing and Sample Computations

You can browse through each floor and choose your favorite unit. Find out the details of this particular unit ie:

  • area measurements,
  • availability,
  • price,
  • amortization schedule,
  • promotional offers,
  • and sample computations (Mortgage Calculator).

Try out the mortgage calculator to determine the monthly payments that would suit your budget.

Davao Real Estate
Tips and guide to owning real estate in Davao City, Philippines. Your guide to doing it right!
Buying a Home
You want to live in the nicest home that you can afford. And you want to have enough money to buy the things you need and live the lifestyle you choose. You can achieve both of these by planning carefully and getting the right advice.
Building Your Team
You make the entire process of finding and buying a home in Davao much more enjoyable by simply surrounding yourself with a team of experienced home-buying specialists
Searching for your New Home
The first step to choosing a home is to find homes for sale in Davao. Today you have more house-hunting resources than ever before at your command.
Buying a Condo
When you hear "condominium," your first image may be of a luxury high-rise in a big city. However, a condominium is not a type of building, but a type of property ownership.
If you have any questions and/or concerns please don't hesitate to Contact Us