This is issued by the Bureau of Immigration of the Republic of the Philippines in connection with the Philippine Retirement Authority's retirement program for foreigners and expatriate/overseas-based Filipinos.

APPLICANT ELIGIBILITY

» All foreign nationals, except those of countries with no diplomatic relations with the Philippines or classified as RESTRICTED by the Department of Foreign Affairs (DFA) who are physically healthy and with no derogatory record who are at least 35 years old.

» All expatriate/overseas-based Filipinos who have gone abroad on immigrant status or under a visa category allowing legal stay, and have resided therein continuously for at least seven (7) years without having stayed a maximum total time period of sixty (60) days in a year in the Philippines for the last seven (7) years prior to their application for enrollment into the program.

AGE/DEPOSIT REQUIREMENTS

» All foreign nationals below 50 and at least 35 years of age are required to depost the amount of US$ 75,000.00 with any PRA shortlisted bank.
» Those foreign nationals aged 50 and above are required to deposit the amount of US$ 50,000.00.
» Expatriate/overseas-based Filipinos deposit US$ 1,500.00.
» The deposit amount of US$ 50,000.00 shall be required from an applicant who is at least 35 years of age and belongs to any of the following:
       - retired military personnel of governments recognized by the Philippines; or
       - former members of foreign diplomatic corps who has served for at least three (3) years in their respective posts; or
       - retired officers and employees of international organizations such as the United Nations and its affiliate agencies, the World Health Organization, World Bank, International Monetary Fund, International Labor Organization, and other similar organizations.

FAMILY ELIGIBILITY

A retiree can bring with him, without additional deposit, his spouse and a child who is unmarried and below 21 years old or, if the spouse is not joining, two (2) children, provided they are legitimate or legally adopted, unmarried and under 21 years old. Additional children with the same qualifications, may also be allowed to join the principal retiree under the progam provided there is an additional deposit of US$ 15,000.00 per child. The US$ 15,000.00 deposit is, however, subject to the same terms as the principal deposit. This also applies to a retiree who is an expatriate or overseas-based Filipino.

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