Comparison between Investment Immigrants and Retirement Immigrants in the Philippines

Are retired immigrants in the Philippines the same as investment immigrants? According to 86, these are two different Philippine immigration programs, and the application procedures are basically the same. However, retired immigrants in the Philippines are mainly aimed at middle-aged and elderly people, and the older they are, the less they need to save, while investment immigrants in the Philippines have a wider age group, and they can apply if they are over 2 1 year old. At the same time, one is handled by the retirement department and the other by the investment department. Let's compare these two Philippine immigration projects in detail! I. Retired immigrants from the Philippines

This special retirement immigrant visa is issued by the Philippine Immigration Bureau to foreigners and former Filipino citizens through the retirement plan of the Philippine Retirement Administration (PRA). It allows the holder to enjoy the privileges of multiple entry, permanent residence and work in the Philippines. As long as the investment money is there, the permanent residence status exists.

Retirement options and prescribed time deposits:

1, with pension -50 years old and above-$65,438+00,000.00 Requires time deposit, singles apply for a monthly pension of $800.00, and couples apply for $65,438+0,000.00;

2. No pension;

Time deposit of $20,000.00 over 3.35 years old;

4.35 years old or above-USD 50,000.00 (you can invest in real estate, rent a house, etc. Within a year. If no investment project is decided within one year, the government will refund $30,000 and keep the amount in item a);

5. Former Philippine citizen (at least 35 years old, not counting family members)-$65,438+$0,500.00;

6. Foreign ambassadors were sent to serve in the Philippines and retired in the Philippines. The current and former staff of Philippine International Organization include ADB-65,438 USD+0,500.00;

7. Anyone can apply, but they must meet the following conditions:

A, at least 35 years old;

B, no criminal record;

C, meet the health standards;

D, meet the investment requirements.

Note: The bank designated by PRA agrees to accept deposits in any currency, as long as the amount meets the requirements and is willing to convert them into accounts in US dollars or Philippine dollars.

Second, invest and immigrate to the Philippines.

The Philippine Special Investment Visa SIRV is a special document formulated by the Philippine government and the Investment and Immigration Bureau to attract foreign investors and facilitate their entry and exit. It refers to a way for applicants, spouses and unmarried children under the age of 265,438+0 to invest 75,000 US dollars in projects designated by the Philippine Investment Authority to obtain permanent residency in the Philippines. As long as you invest in, your immigration status is valid.

Application conditions of SIRV for Philippine investment immigrants:

1, the applicant is over 2 1 year old;

2. No criminal record;

3. Good health;

4. You can invest $75,000 in the Philippines.