

Philippine Retirement
Authority
About the PRA
The Philippine Retirement Authority (PRA) is a government owned and controlled corporation created by virtue of Executive Order No. 1037, signed by former President Ferdinand E. Marcos on 04 July 1985.
PRA’s mandate is to develop and position the Philippines as a retirement haven by accelerating the social and economic development of the country, strengthening its foreign exchange position, and providing further best quality of life to the targeted retirees in a most attractive package.
Philippines: The Best Place to Retire
The Philippines ranked first in the Retirement Abroad Index 2026 by Expatriate Group, a specialist provider of international health insurance serving expatriates and retirees across more than 180 countries, making it the world’s leading retirement destination.
In 2025, the Philippines was also recognized as the Best Retirement Destination in Asia at the 2025 TripZilla Excellence Awards.
Why retire in the Philippines?




Special Resident Retiree’s Visa (SRRV)
- It is a special non-immigrant visa issued by the Bureau of Immigration, through the PRA, open to all foreign nationals and former Filipino citizens to live and retire long-term in the Philippines.
- This visa allows retirees to enter, stay, and experience the Philippines as a great retirement destination.

Special Resident Retiree’s Visa (SRRV) Holders are also exempted on:
- Annual Alien Certificate of Registration (ACR) Identity Card
- Exit/Re-entry Permits
- Customs duties and taxes for one-time importation of household goods and personal effects up to USD 7,000
- Tax on pensions and annuities
- Travel Tax
- Separate work/student visa or permit
SRRVisa Options
SRRV Classic Visa Deposit
Pensioner
40 to 49 years old
USD 25,000.00
50 years old and above
USD 15,000.00
Non-Pensioner
40 to 49 years old
USD 50,000.00
50 years old and above
USD 30,000.00
SRRV Courtesy Visa Deposit
(For Foreign Nationals)
Pensioner
40 to 49 years old
USD 3,000.00
50 years old and above
USD 1,500.00
Non-Pensioner
40 to 49 years old
USD 6,000.00
50 years old and above
USD 1,500.00
SRRV Courtesy Visa Deposit
(For Former Filipinos)
40 to 49 years old
USD 3,000.00
50 years old and above
USD 1,500.00
40 to 49 years old
USD 3,000.00
50 years old and above
USD 1,500.00
Qualified Applicants
Principal/s
40 years old and above
- Foreign Nationals
- Former Filipino Citizens
Dependent/s
- Spouse: legally married to the Principal Retiree
- Children: Unmarried and below 21 years old upon application
- Legitimate
- Legally adopted
Application Requirements
For Principal Applicants
- Original Passport with a valid Tourist Visa
- Accomplished PRA Application Form
- Medical Certificate (issued within 6 months before submission)
- Police Clearance from the country of origin or residence for the last 6 months (issued within 6 months before submission)
- Bureau of Immigration Clearance Certificate (BICC)
- National Bureau of Investigation (NBI) Clearance
- For applicants who have stayed more than 90 days in the Philippines prior to submission of application documents.
- Photos
- Eight (8) recent, high-quality, 2x2-inch pictures with a white background which must have been taken within three (3) months prior to submission of the SRRV Application.
- PRA Processing Fee of USD 1,500.00 (or its equivalent amount in Peso)
- Bank Certificate / Proof of Inward Remittance
- The requisite dollar deposit must be sent as an inward remittance from any bank abroad to a PRA-accredited bank of choice.
- PRA Annual Fee
For Dependent Applicants
- Original Passport with a valid Tourist Visa
- Accomplished PRA Application Form
- Original PRA Medical Certificate (issued within 6 months prior to submission)
- Original Police Clearance (and NBI Clearance, if necessary) for Spouse, and for children who are 18 years old and above
- Bureau of Immigration Clearance Certificate (BICC)
- Apostilled/Authenticated Proof of Relationship (e.g. Marriage Certificate for the Spouse and Birth Certificate for the child)
- Photos (8pcs, 2x2 inch)
- Application Fee of USD 300.00 for each joining dependent
PRA Annual Fee
SRRV Classic
USD 360.00
Principal + 2 Dependents
Additional USD 100.00 for each Dependent in excess of 2
SRRV Courtesy
Foreign Nationals
USD 100.00
Principal + 2 Dependents
Former Filipinos
USD 50.00
Principal + 2 Dependents
Additional USD 10.00 for each Dependent in excess of 2
Additional Documents for Principal Retirees under Certain Circumstances
- Original passport with valid tourist visa
- PRA Application Form
- Medical Certificate
- Police Clearance from the country of origin or last residence abroad (additional NBI clearance if applicant has stayed for over 90 days from last entry date)
- Bureau of Immigration Clearance Certificate (BICC)
- Proof of Bank Certificate/Inward Remittance of Visa deposit
- 8 pieces of 2x2 photos
- Processing and Annual Fees
- Proof of Pension (if applicable)
- For Dependents, proof of relationship to Principal Retiree (i.e. Marriage Certificate, Birth Certificate, Household Registry)
Data on Retiring NRFs and Foreign Nationals
Here are the top nationalities of former Filipinos retiring in the Philippines
- American
- Canadian
- German
- Australian
- British
- Belgian
- Swiss
- Dutch
- French
- Norwegian
Here are the top nationalities of foreign nationals retiring in the Philippines
- Chinese (People’s Republic of China)
- South Korean
- Indian
- American
- Taiwanese
- Japanese
- Chinese (Hong Kong-Special Administrative Region)
- British
- Australian
- German
Frequently Asked Questions
Further Reading

PRA Newsletter
VISIT WEBSITEGet in Touch with the PRA
PRA Address
29/F BDO Towers Valero (formerly Citibank Tower) Paseo de Roxas, Makati City 1226 Metro Manila, Philippines
PRA Information Desk
CFO BaLinkBayan Team
How interesting this article?
Get the latest news and updates delivered to your inbox.
Share this article


















PRA Social Media Channels
PhilippineRetirementAuthorityOfficial
Connect now
PhilippineRetirementAuthority
Connect now