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Passport rank
Visa-free countries

Acquisition: 6 months

Capital required: $75,000

Acquisition: -

Capital required: -

About Philippines Citizenship and Residency

The Philippines offers residency by investment through The Special Investor Resident Visa (SIRV). The Special Investor Resident Visa (SIRV) entitles the holder to reside in the Philippines for an indefinite period as long as the required qualifications and investments are maintained. The SIRV is issued by the Bureau of Immigration (BI) upon endorsement of the Board of Investments.


The Special Investor Resident Visa (SIRV)

The SIRV program requires investors to remit at least US$ 75,000 into the Philippines and invest subject capital in favorable economic activities under Book V of the Omnibus Investment Code (Executive Order No. 226, as amended). The applicant can remit his investments through any accredited depository bank in the Philippines, the Land Bank of the Philippines (LBP), and/or the Development Bank of the Philippines (DBP).

Any foreign national is eligible to apply for a SIRV provided he meets the following requirements:

  1. Twenty-one (21) years of age or older
  2. Has not been convicted of a crime involving moral turpitude
  3. Not afflicted with any loathsome, dangerous, or contagious disease
  4. Has not been institutional for any mental disorder or disability
  5. Willing and capable of investing at least US$ 75,000


Additionally, the principal visa applicant’s spouse and unmarried children under 21 can obtain a SIR visa.

For purpose of securing a SIRV, only investments/shares of stocks in existing, new, or proposed corporations shall be allowed/accepted as eligible forms of investment:

  • Publicly-listed companies
  • Companies engaged in areas listed in the Investment Priorities Plan (IPP) of the Board of Investments. (The IPP is a list of priority areas of economic activities which the Government promotes for investments).
  • Companies engaged in the manufacturing and services sectors.


There are three  distinct groups of investors that will benefit the most:

  1. Those who want to reside in the Philippines for an indefinite period.
  2. Those who are looking to invest in company stocks.
  3. Those who want to spend as little money as possible on internationalizing their lifestyle.


The Special Resident Retiree’s Visa (SRRV)

The Special Resident Retiree’s Visa category is aimed at active and healthy retirees. It requires you to maintain a fixed US$20,000 deposit in an approved retirement account. This money must stay untouched for the totality of your stay in the Philippines, though it can be withdrawn after you leave. Repatriation of the deposit including invested profits, capital gains, and dividends accrued from investments are guaranteed, upon compliance with Central Bank of the Philippines rules and regulations. Deposits may be converted to Philippine pesos (PHP) after 30 days of visa issuance. Deposits should be made at one of the following financial institutions:

  • Development Bank of the Philippines (DBP)
  • Allied Bank
  • Philippine National Bank (PNB)
  • Pacific Star Branch Only
  • Bank of China
  • Korea Exchange Bank
  • Tong Yang Bank
  • Union Bank


The visa bank deposit is for the principal retiree and 2 dependents (spouse and unmarried children below 21 years old). An additional deposit of US$15,000 is required for each additional dependent over two.

To be eligible for Philippine naturalization:

  • you must have resided in the country for at least 10 years
  • not have been convicted of any crime during this period
  • own real estate worth not less than PHP5,000 or have a lucrative business
  • profession of lawful occupation
  • be able to speak Tagalog or English or Spanish
  • have enrolled your minor children in any of the public or private schools recognized by the Bureau of Public Schools of the Philippines.


Additional requirements may apply.


Benefits Of Philippines Residency By Investment Program

  • The visa holder and their family can reside in the Philippines for an indefinite period
  • This visa offers multiple entry privileges.
  • Low investment requirement
  • Short processing time
  • Philippines tropical island lifestyle (warm climate, world-class beaches)
  • Low taxes
  • Low cost of living
  • English as an official language
  • Path to citizenship


Philippines Residency Requirements And Qualifications

SIRV visa applicants will need to submit three (3) sets of the following documents:

  1. Duly-accomplished and notarized application form
  2. Recent ID pictures
  3. Deed of Undertaking
  4. Completed Personal History Statement Form (PHSF) from National Intelligence Coordinating Agency (NICA) (including all dependents over 14 years old)
  5. Clean Police Background Check from your home country or most recent country of residence authenticated by the Philippine Embassy or Consulate in that country; or
  6. A Certification of no criminal liability by the  INTERPOL Division of the National Bureau of Investigation (NBI); and
  7. Medical Certificate from a licensed and accredited hospital or health facility in your home country, validated by the Philippine Bureau of Quarantine, certifying you are physically and mentally fit and free of any dangerous or contagious disease.
  8. Certificate of Peso Time Deposit proving you converted $75,000 to PHP in an accredited depository bank.
  9. If applicable, your dependent child’s birth certificate is authenticated by the Philippine consulate. The National Statistics Office issued an original birth certificate if the child was born in the Philippines.
  10. If applicable, the marriage certificate is authenticated by the Philippine Embassy/Consulate from your country of origin or your home country’s embassy in the Philippines.
  11. Original Passport


Steps And Timeline

Step 1: Confirming your Eligibility for the Philippines Investor Visa 

Unlike some of the Philippines’ other visa programs, the government has opened the SIRV program to foreign nationals who can meet the visa requirements.

  1. Twenty-one (21) years of age or older
  2. Has not been convicted of a crime involving moral turpitude
  3. Not afflicted with any loathsome, dangerous, or contagious disease
  4. Has not been institutional for any mental disorder or disability
  5. Willing and capable of investing at least US$ 75,000


Step 2: Understand The Investment Requirements and Choose an Investment – The SIRV program requires you to use a $75,000 deposit for the purchase of shares, ownership, equity, or stocks in a proposed, start-up, or existing business. However, to be eligible, the $75,000 must be invested in one of the following:

  1. Publicly-listed companies
  2. In  a focus industry listed in the current Investment Priorities Plan (IPP) of the Board of Investments
  3. In the services of manufacturing sectors
  4. Government Securities


Step 3: Submit your SIRV Visa Application

You will need to submit your complete SIRV application and all the documentation listed in the Philippines Investor Visa Requirements section above.

You can submit your SIRV application at:

  1. The Philippines Embassy or Consulate in your country of residence
  2. At the One-Stop SIRV Center at the Board of Investments


Step 4: Investing your Peso Time Deposit into a Business

  1. Prior Board of Investment Approval – You are not allowed to withdraw your deposit unless authorized by the BOI. However, you don’t need to invest the entire deposit at once. You can make partial conversions of your deposit with prior approval, as long as the whole deposit is converted to investments before your Probationary SIRV expires.
  2. Application for Conversion of Deposit to Investments – When you are ready to convert the entire Peso Time Deposit, file a Letter of Intent to the BOI for evaluation.
  3. Evaluation and Withdrawal of Time Deposit – The BOI evaluates your conversion documents, and then the depository bank will issue a check payable to the investment corporation after Board approval.
  4. Submission of Proof of Investment – You must submit the required business documents below at least 30 days before your Probationary  SIRV expiration. The specific list of requirements depends on the type of investment (new, existing, or publicly-traded company).


Step 5: Converting to A Permanent SIRV Before your Temporary SIRV Expires – Your Probationary SIRV is only valid for six months. You now have 180 days to make an investment decision. The Philippine Investor Visa Program keeps the bureaucracy to a minimum (well, minimum for a government program) to entice foreign investors. The BOI’s One-Stop SIRV Center is a valuable resource. The Center responds quickly if you have questions about the SIRV application process. However, the BOI can’t give you investment advice.


Our Services

Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:

  • Find the best solution for your needs.
  • Identify and deploy a strategy to help you accomplish your goals.
  • Activate our network of people in the country where you need help without having you search for the best solution or lawyer. We only work with licensed people in every country whom we carefully vet and pass the guidelines and principles of privacy we stand for.
  • Focus on cutting through the red tape and expedite your process.
  • Provide proper communication with you about your case.
    …. and above all: Offer you legal strategies to provide additional layers of privacy for your identity, while obtaining your residency or citizenship!

Privacy World can also help you incorporate your company in the Philippines, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.

Want Privacy World to handle your case? Have any questions? Contact us!

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Dual citizenship is not recognized in the Philippines. To become a citizen of the Philippines, you must renounce your previous nationality.

Children below 18 years of age may be included as dependents on your application.

Actual physical presence is not required every day of the 5 or 10-year period. Not every absence is fatal to a continuous residence. Even six months has been accepted as an absence of a short duration.

No nationality is officially restricted.

No interview is required.

No language skills are required.

If you have lived legally in the Philippines for at least 10 years. This rule only applies if you are at least 21 years old at the time of the application. The naturalization law only applies to people who don’t have jus sanguine right to citizenship.

Tax residents are subject to personal income tax on their worldwide income. Tax-residents personal income is taxed at a progressive rate up to 32% on income exceeding PHP500,000.

Non-resident citizens are taxed only on their income from the Philippine’s sources. Non-residents are subject to a flat rate of 25% on their income accrued in the Philippines.

There are no taxes on net wealth/worth.

Yes, inheritance is subject to a progressive tax rate that ranges from 5% to 20%.