8/10/2019 Comparison - 9g Visa and SRRV

1/2

9g Work Visa Special Retiree Resident Visa (SRRV)

Agencies involved Department of Labor and Employment (DOLE) andBureau of ImmigrationPhilippine Retirement Authority (PRA) and Bureau ofImmigration

Visa Validity1 to 3 years (depends on the employment contractand on the discretion of the DOLE); renewablethereafter

Indefinite unless revoked

(dependent children will cease to enjoy the privilegeof the visa once they reach the age of 21 years old oronce they get married)

Status of Visa Holder

Non-ImmigrantMultiple EntriesNon-resident (or can be regarded as resident in viewof employment here)

Non-ImmigrantMultiple Entries

Permanent Resident

For Employment Yes. No. Must secure an AEP from the DOLE shouldholder wish to get employed.

Age Requirement 21 years old and above 35 years old and above

NationalityRequirement Any Any

Deposit / InvestmentRequirement None

Depends on the program applying for (ranges fromUSD10,000 to USD50,000)

Convertability of

DepositN / A

Depends on the program applying for. If programallows conversion, deposit can be use to purchasecondo, invest in proprietary membership shares ingolf clubs or pay for leasehold rights on a property

and construction of a residential unit thereon,provided investment must amount to at least

USD50,000.

Visa Inclusion ofDependents

Yes. (Only spouse and/or unmarried children under21 years of age)

Yes. No additional deposit for max of 2 dependents.(Only spouse and/or unmarried children under 21years of age)

Monetary Obligation/s Annual ACR Report Fee (P310.00) per visa holder;ECC/SRC Fees every departure

Annual Fee of USD360 except if under SRRVCourtesy program: pay only USD10;

Annual Fee of USD100 for each dependent in excessof two

Other noteworthyrequirements

Corporate Documents of Petitioner-Employer;Employment Contract

Pension documents for applications under SRRVClassic and SRRV Human Touch programs

8/10/2019 Comparison - 9g Visa and SRRV

2/2

Other Benefits None

1. Exemption from Customs Duties and taxes for theimportation of personal effects up to USD7,0002. Exemption from Exit Clearance and re-entrypermits, annual registration and ACR I-Cardrequirements of the Bureau of Immigration3. Exemption from payment of travel tax provided theretiree has not stayed in the Philippines for more thanone year from date of his last entry into the country4. Interest on the foreign currency deposit is tax-freeand payable to retiree in Philippine Pesos5. Foreign currency time deposit can be convertedinto Philippine Pesos deposit, but interest is subject towithholding tax6. Pension, annuities remitted to the Philippines aretax-free7. Guaranteed repatriation of the requisites depositincluding invested profits, capital gains and dividendsaccrued from investments, upon compliance withBangko Sentral rules and regulations8. Exemption from securing Special Study Permit forthe dependent/s9. Exemption from securing work permit