WANT TO RETIRE IN PHILIPPINES?

PHILIPPINE LEISURE & RETIREMENT AUTHORITY
29th Floor, Citibank Tower
8741 Paseo de Roxas, 1200 Makati City
PHILIPPINES

PRINCIPAL APPLICANT

1. Duly accomplished Philippine Leisure and Retirement Authority Application Form ;

2. Original Passport with Valid Entry Status;

3. Medical Examination Clearance (if secured abroad, to be translated in English, if applicable, and authenticated by the Philippine Embassy/Consulate;

4. National Bureau of Investigation (NBI) Clearance from the Philippines or Police Clearance from abroad (to be translated in English, if applicable, and authenticated by the Philippine Embassy/Consulate)

5. 6 pieces of 1x1 and 6 pieces 2x2 Pictures

6. Bank Certification of Dollar Time Deposit – Inward Remittance to PLRA Accredited Banks (Instructions here; Telegraphic Transfer Form here)

7. Depository Requirements:
35 – 49 years old = US$ 75,000.00
50 years old and above = US$ 50,000.00
Former Filipinos = US$ 1,500.00 (at least 35 years old but regardless of the number of dependents)
Retired ADB employees = US$ 25,000.00 (50 years and above) = US$ 50,000.00 (below 50 years old)
Retired Foreign Ambassadors = US$ 1,500.00
Retired military personnel (and members of the diplomatic corps below Ambassador level) = US$ 50,000.00
Additional Dependent (in excess of two) = US$ 15,000.00 (except Former Filipinos)

Note: For ADB retirees, the balance of US$ 25,000.00 shall be filled in by pre-existing investment in real property.

8. Fees:
US$1,500.00 processing and service fee
US$10.00 Annual PLRA ID Card fee (waived for the first year)

SPOUSE

1. Duly accomplished Philippine Leisure and Retirement Authority Application Form ;

2. Original Passport with Valid Entry Status;

3. Medical Examination Clearance (may be obtained from a PLRA-accredited clinic in Manila)

4. National Bureau of Investigation (NBI) Clearance from the Philippines or clearance from the applicant’s police authorities

5. 6 pieces of 1x1 and 6 pieces 2x2 Pictures

6. Marriage Certificate*

7. Fees:
US$300.00 processing and service fee
US$10.00 Annual PLRA ID Card fee (waived for the first year)

DEPENDENT/S

1. Duly accomplished Philippine Leisure and Retirement Authority Application Form ;

2. Original Passport with Valid Entry Status;

3. Medical Examination Clearance (may be obtained from a PLRA-accredited clinic in Manila)

4. National Bureau of Investigation (NBI) Clearance from the Philippines or clearance from the applicant’s police authorities

5. 6 pieces of 1x1 and 6 pieces 2x2 Pictures;

6. Birth Certificate*

7. Fees:
US$300.00 processing and service fee
US$10.00 Annual PLRA ID Card fee (waived for the first year)
* In lieu of the Marriage or Birth Certificates:
Family Register/Domicile (for Koreans)
Household Register (for Taiwanese)
Certificate of Relationship (for P.R.O.C. Chinese)
NOTE: ALL DOCUMENTS ISSUED IN A LANGUAGE OTHER THAN ENGLISH SHALL BE ACCOMPANIED BY AN ENGLISH TRANSLATION AUTHENTICATED BY THE PHILIPPINE EMBASSY / CONSULATE SERVING THE LOCALITY OF THE APPLICANT.

ALL DOCUMENTS ISSUED ABROAD OR BY A FOREIGN AUTHORITY SHALL BE LIKEWISE BE AUTHENTICATED BY THE PHILIPPINE EMBASSY / CONSULATE SERVING THE LOCALITY OF THE APPLICANT.

http://www.retire-asia.com/retire-phil.shtml

Visa Options for Staying in the Philippines

The Philippines government recently lowered their requirements for retirees. Previously $50,000, now it is only $10,000 per retiree including a spouse. In addition, a retiree needs evidence of a monthly pension of $800 for a single person or $1,000 for a couple.

As long as you do not intend working or running a business in the Philippines, it's also possible to retire on a tourist visa, and many do; especially those who either do not want or qualify for a retirement visa. It costs $20 per month to stay on a tourist visa, and you can do it indefinitely provided you leave the country for at least one day, once a year. Though you are officially a tourist, you have effectively retired in the Philippines. For the annual trip there are several options, such as spending a few days making a trip to Hong Kong or Thailand. Package deals are available costing less than $300. You can also check flights and accommodation to and within the Philippines here.