The difference between retired immigrants and investment immigrants in the Philippines

The difference between retired immigrants and investment immigrants in the Philippines;

1, the application department is different.

The retirement project was launched by the Philippine Immigration and Retirement Service, all materials were submitted by the Retirement Service, and cards were issued by the Retirement Service.

The investment project is under the responsibility of the Philippine Investment Agency.

2. Applicants have different age requirements.

Retirement program applicants should be at least 35 years old.

The main application age of investment projects only needs to be at least 2 1 year, and the relative age of investment projects is wider.

3. The investment amount is different.

The amount of investment in retirement projects should be broken down as follows: classic type: investment of 50 thousand US dollars; Type of smile: Invest 20,000 USD; Remarks: In addition to a family of three, an additional investment of $654.38+0.5 million is required for each unmarried child applicant under the age of 265.438+0.

The investment of the investment project is $75,000.

4. Different investment types.

Retirement project: the $20,000 invested in smile can only be put into the designated development bank account in the summer of retirement; The money of classic investment can be deposited in the bank, or it can be taken out to buy real estate of more than $50,000 in the Philippines (only existing houses and apartments).

Investment projects: An investment of 75,000 US dollars needs to start a company, or invest in a company that has been established in the Philippines, or buy shares in a company listed in the Philippines.

It can be seen that different types of identity investment have different types, and of course the return on investment is also different. SRRV smile program is suitable for simple applicants, just deposit it in the bank; SRRV classic plan is suitable for applicants who buy a house for self-occupation or invest in real estate speculation; SIRV is suitable for applicants who want to start a business, do business or stock market in the Philippines.

5. The identity acquisition cycle is different.

Generally speaking, the period of a retirement project is 6-8 weeks; There are also some families who got their identity in a week;

If the investment project chooses to invest in stocks, the cycle is about 3-4 months. If it chooses to start a company or invest in an established company type, the cycle will be longer. After all, the procedures involved will be more complicated.

6. The number of times you log in with your identity is different.

Retirement projects only need to log in once to get Kolor status;

Investment projects need two times, the first time to get a temporary residence permit, and the second time to change the investment type to get a permanent residence permit.

Extended data:

Philippine visa

Visas in the Philippines can be divided into three categories: visas applied according to the investment law, corresponding visas stipulated by the special law and investor visas.

The three types of visas are divided into several subcategories: the types of visas that can be applied according to the investment law include short-term visit or sightseeing visas and work authorization visas (pre-entry employment visas, treaty merchant visas and other work authorization visas);

The corresponding visas stipulated in the special law include multiple round-trip special visa, subic special work visa and Clark special work visa;

Investor visas include special investment resident visas, special investment resident visas for tourism projects and tourism investors, special Subic investment visas, special Clark investment visas and special resident retirement visas.

Temporary visitors holding China diplomatic passports and official passports can stay in the Philippines for 30 days without a visa. Holders of ordinary passports from China and valid visas from Schengen, Australia, the United States, Canada or Japan can enter the Philippines visa-free for 7 days.

References:

China Consular Service Network-Philippine Visa Entry

References:

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