SPECIAL RESIDENT VISAS
A foreigner may apply for special resident visas. These visas allow a foreigner to work in the Philippines, subject to other requirements or limitations imposed by law.
The following are the different types of special resident visas:
SPECIAL RESIDENT RETIREE (SRRV)
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The SRRV program is available to foreigners and former Filipinos at least 35 years of age, who deposit the minimum amount required by law with a bank accredited by the Philippine Retirement Authority (PRA).
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The holder of an SRRV may stay in the Philippines indefinitely or visit the country at any time.
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The holder may also invest in any of the areas specifically designated by the PRA.
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SPECIAL INVESTOR'S RESIDENT VISA (SIRV)
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The SIRV is a program offered by the Philippine government to alien investors wanting to obtain a special resident status with multiple entries for as long as the required investment subsists.
The applicant’s spouse and unmarried children under 21 years of age, who are accompanying the applicant, may be included in the visa application.
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SIRV FOR INVESTORS IN TOURIST-RELATED PROJECTS AND TOURIST ESTABLISHMENTS
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A foreigner who invests an amount of at least USD50,000 in a qualified tourist-related project or tourism establishment, as determined by a governmental committee, shall be entitled to an SIRV.
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SUBIC FREE PORT ZONE RESIDENCY VISAS FOR RETIREES
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This visa requires the applicant to be over 60 years old, of good moral character, with no previous conviction of a crime involving moral turpitude, no longer employed or not self-employed, and receiving a pension or passive income, exceeding USD50,000 per year.
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QUOTA VISA
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A Quota Visa is issued on “quota basis” (i.e., not more than 50 in a calendar year) to foreign nationals of countries that have reciprocity agreements with the Philippines. The following EU member countries have reciprocity agreements with the Philippines: Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Slovak Republic, Slovenia, Spain, Sweden, and United Kingdom.
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OTHERS
There are other types of visas that are available to foreign nationals depending on the following factors: (i) nature of the business, registration and corporate structure of the Philippine company; (ii) nature of the work that the foreign nationals will perform while in the Philippines; (iii) nationality of the majority stockholder of the corporation; (iv) nationality (original and/or acquired), as well as nationality of the spouses, if any, of the foreign nationals; and (iv) other related information.
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