Philippine Retirement Visa
The Philippine Retirement Authority (PRA) has reduced the deposit requirements for “current and former staff of international organizations recognized by DFA (i.e., Department of Foreign Affairs) including ADB.” What used to be a hefty sum of $50,000 to obtain the Special Resident Retiree’s Visa (SRRV) is now only $1,500. This amount has to be deposited with one of the PRA-accredited local banks.