If you are a British citizen considering retiring abroad, you need to read this.
For those considering a venture to the Philippines, whether it's to retire, launch a business, or simply soak up the sun, here's a game-changer for you: the Special Resident Retiree’s Visa (SRRV). And, contrary to what its name might suggest, it's not exclusively for retirees. In fact, if you’re over 50, (yes fifty years of age) it’s open for you.
Here’s why the SRRV is such a standout:
Long-Term Residency: It allows indefinite stay, eliminating the stress of frequent visa renewals.
Flexibility: It comes with multiple-entry/exit privileges, ideal for global citizens.
Administrative Benefits: Say goodbye to the annual report from the Philippine Bureau of Immigration.
Import Privileges: Bring in your household goods & personal effects worth up to £5,500 without any customs duties or taxes.
Tax Perks: Enjoy tax exemptions on pensions & annuities and sidestep the travel tax if you've been outside the Philippines for less than a year.
Education Benefits: Planning for family? The visa eases the path for your children’s education in the Philippines.
In addition, SRRV holders enjoy a seamless welcome via the Greet & Assist Program at selected airports, efficient assistance in dealing with government agencies, access to PHILHEALTH benefits, and, with the right permit, an opportunity to work in the Philippines.
Now, for those with an eye on property: the SRRV Classic Visa holds a unique advantage. The essential time-deposit required for the visa, ranging between £8,000 and £40,000 based on specifics, isn't just idle. It can be strategically used for investments or even the purchase of a condominium (apartment).
It's clear to see why the SRRV is such a favourite among many; it is possible the best value so called 'Golden Visa' in the world. Thousands have already leveraged its benefits, and its popularity grows annually.
If you're intrigued and want to discuss this golden opportunity further, let’s connect. Making the Philippines your next venture is easier than you might think.
By Martin May-Clingo
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