FOREIGN RETIREES 35-years-old and above may avail of the Special Resident Retiree’s Visa (SRRV) by the Philippine Retirement Authority.
“The SRRV allows all its foreign retiree-members to retire and live in the Philippines for as long as they want. An SRRV holder may come in and out of the country as often as he desires, and enjoy privileges such as exemption from securing the ACR I-Card (Alien Certificate of Registration Immigration Card) from the Bureau of Immigration; exemption from paying the travel tax at the Philippine Airports; and exemption from getting a Study Permit or Student’s Visa for their dependent-children who intends to pursue education in the Philippines. PRA retiree-members may also use health cards issued abroad in Philippine hospitals/clinics accredited by selected health card companies. They may also avail of the one time tax-free importation of household goods/personal effects; and many more.” (Source: http://www.pra.gov.ph)
One of the options, SRRV CLASSIC, allows to use the retiree’s Visa deposit to purchase condominium units or use for long-term lease of house and lot.
CORPORATIONS in various fields can enjoy income tax holidays if registered and located in special zones under the PEZA (Philippine Economic Zone Authority)