What is the difference between retired immigrants and investment immigrants in the Philippines? !

In fact, retired immigrants in the Philippines (SRRV) are also called investment immigrants, because under normal circumstances, if you invest $50,000 in real estate in the Philippines, you can get a Philippine green card, that is, permanent residency.

Let's share with you the authoritative information obtained from the Internet:

According to Presidential Decree 1037, the retirement institutions in the Philippines provide simple and comfortable retirement plans for foreigners who retire in the Philippines and create a good retirement environment. As an official partner of Philippine retirement institutions, Meijia Real Estate has the privilege of submitting green card applications for buyers.

At the same time, Meijia Real Estate will assist customers to go through relevant procedures, submit applications for customers free of charge, and follow up the progress of green card processing in time.

Age and deposit requirements:

35-49 years old, need to deposit 50,000 US dollars (can be converted into house payment).

50 years old and above, deposit $20,000.

If there are more than two family members, each person will have an extra deposit of $654.38+$5,000.

Application fee:

Principal applicant, $ 1400.

Spouse and children, $300 each.

Just pay once.

Green card benefits:

When you become a special resident retirement visa (SRRVisa), you will enjoy the following privileges:

You can choose to retire permanently-you can live, work or study in the Philippines without restrictions.

Multiple entry privilege-you can enter and leave the Philippines at any time.

Exemption:

Pension and retirement annuity income tax

Entry and exit permit of Philippine Immigration Bureau

Philippine Immigration Bureau Annual Registration

Impose import duties on family or personal belongings for up to 7 years.

Travel tax, if the residence time in the Philippines does not exceed one year from the date of last entry.

Electronic business card

Not only that, as a Philippine green card holder, you can also enjoy permanent residence, birth of children, investment, taxation, education, immigration and other conveniences.

Financial obligations:

The annual fee of the Philippine retirement institution is $360 per year (including the main applicant and two family members).

If there are more than two family members, each person will have to pay an extra $65,438+000.

Entrusted bank:

Philippine Development Bank.

Required documents:

Correctly completed SRRVisa application form

Original valid passport and entry visa

medical certificate

Certificate of innocence issued by the local police station (English translation is required and certified by the Philippine embassy or consulate)

Or a certificate of innocence issued by the Philippine National Bureau of Investigation (NBI)

12 bareheaded 2X2 photos.

Additional certificates: marriage certificate, child's birth certificate (English translation is required and certified by Philippine embassy or consulate)

Regarding whether it is worthwhile to apply for a Philippine green card, first of all, I would like to explain that this green card should be the easiest to obtain in the world today. The reality is that the current economic development level of the Philippines is not as good as that of China. In recent years, China has enjoyed economic growth and social stability. Buying a house and applying for a Philippine green card still has many advantages:

1. Permanent property right

2. According to the use area, the pool area is not counted.

The price is affordable, and the sea view room is only 10,000 yuan.

4. The appreciation of local real estate is stable.

Local houses are generally decorated when they are handed over, and some even have complete household appliances, which is very convenient for foreign buyers. Whether it is self-occupation or rental, it is very good.

6. The local economy is monopolized by Chinese or China people, and the Chinese have the highest economic status.

7. The local climate is suitable, and it is neither cold nor hot all year round, which is more suitable for providing for the elderly.

8. English teaching in the United States and an open social environment can effectively help children become international talents.