What is the validity of the medical certificate for the Philippines retirement visa SRRV application?

 

Can I switch from Smile to Classic under the Philippines retirement visa SRRV?

Is there an income requirement for the Smile option under the Philippines retirement visa SRRV?

What is the validity of the medical certificate for the Philippines retirement visa SRRV application?

What banks are authorized to hold 

deposits under the Philippines retirement visa SRRV?

Can I get an ECC if I hold the Philippines retirement visa SRRV?

Is fingerprinting required for the Philippines retirement visa SRRV application?

Can my SRRV deposit earn interest under the Philippines retirement visa SRRV?

Is there a way to invest my deposit under the Philippines retirement visa SRRV?

Can I use the Philippines retirement visa SRRV to enroll my child in a local school?

**Switching from SRRV Smile to Classic**

No, you cannot switch from the SRRV Smile program to the SRRV Classic program.  These are distinct programs with different requirements, and a change would necessitate a new application under the Classic program.

**Income Requirement for SRRV Smile**

The SRRV Smile program does *not* have a monthly income requirement.  The primary requirement is the initial deposit of US$20,000.

**Validity of Medical Certificate**

The validity period for the medical certificate needed for the SRRV application is generally six months from the date of issuance. However, it is crucial to confirm this with the Philippine Retirement Authority (PRA) to ensure you have the most current information.

**Authorized Banks for SRRV Deposits**

Several banks are authorized to hold SRRV deposits.  The list of accredited banks is available on the PRA website. It's essential to use a PRA-accredited bank to ensure your deposit is accepted as part of the application process.

**ECC for SRRV Holders**

No, SRRV holders are generally *exempt* from needing an Emigration Clearance Certificate (ECC) when leaving the Philippines. This is a significant advantage of the SRRV.

**Fingerprinting for SRRV Application**

Information on whether fingerprinting is required is not consistently available in readily accessible sources.  It is best to check directly with the PRA or the Bureau of Immigration for the most current requirements.

**Interest on SRRV Deposit**

Yes, your SRRV deposit typically earns interest while held in a PRA-accredited bank. The interest rate will vary based on prevailing market conditions.

**Investing the SRRV Deposit**

While the deposit is initially held in a bank account, there may be options to later invest the funds in approved ventures.  This should be clarified with the PRA.  Some sources mention the possibility of using the deposit towards purchasing a condominium unit after a certain period.

**School Enrollment for Children under SRRV**

Yes, the SRRV generally allows for the enrollment of dependent children in local schools without requiring a separate student visa. However, individual school requirements may still apply.

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