Age Requirement Lowered from 50 to 40
For Japanese nationals considering relocating to the Philippines, the Special Resident Retiree’s Visa (SRRV) is a central pillar for long-term stays. The program underwent a major change on September 1, 2025.
The minimum eligible age, previously 50, has been lowered to 40. The Philippine government’s aim is believed to be attracting foreign nationals across a wider age range in order to stimulate the economy.
Deposit Requirements Vary by Visa Type
SRRV Classic (the most common category)
- If not receiving a pension: a deposit of US$20,000
- If receiving a pension: US$10,000 (requires proof of a monthly pension of at least US$800–1,000)
Converting the Deposit into an Investment
If certain conditions are met, the deposit can be converted into an investment — purchasing a condominium, a long-term lease of 20 years or more, or membership in a golf course or country club. However, this conversion is permitted only when the total investment is US$50,000 or more.
Required Documents (Main Items)
- PRA-prescribed application form
- A valid medical certificate
- A police clearance / certificate of no criminal record issued by the home country (an NBI Clearance is also additionally required if the applicant has stayed in the Philippines for more than 30 days)
- Eight 2×2-inch ID photos
- Proof of the international remittance of the required deposit
Family Members Who May Be Included
Eligible dependents include a legally married spouse and unmarried biological or adopted children under the age of 21.
Application Process
The applicant must visit the office of the Philippine Retirement Authority (PRA) in person to submit the documents. Once approved, the deposit is remitted and the SRRV card is issued. Annual renewal procedures are required thereafter.
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