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Benefiits of SRRV |
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Here are a few incentives that may interest you: - Right to reside permanently;
- Multiple entry privileges;
- Exemption from the Exit Clearance and Re-Entry requirements of the Bureau of Immigration (BI);
- Exemption from Travel Tax, provided the SRRV holder has not stayed in the Philippines for more than a year from date of last entry;
- Tax-free importation of household goods/personal effects worth US$7,000.00;
- Exemption from the Special Study Permit;
- Privilege to work in the Philippines upon issuance of the AEP;
- Right to own a condominium unit or townhouse with Condominium Certificate of Title (CCT);
- Right to lease a parcel of land for 50 years renewable once for another 25 years; and
- Guaranteed repatriation of the Dollar Time Deposit and/or investment.
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