Philippines Suspends SRRV Retirement Visa Program
Рет қаралды 304,742
3 жыл бұрынnomadcapitalist.com/second-re...
If you've been interested in getting a residence permit and living in Southeast Asia you now have even fewer options than you did before. The government of the Philippines has recently announced that they are suspending and reviewing the SRRV visa program.
Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".
Work with Andrew: nomadcapitalist.com/apply/
Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.
Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.
About Andrew: nomadcapitalist.com/about/
Our Website: www.nomadcapitalist.com
Subscribe: kzfaq.info_...
Buy Andrew's Book: amzn.to/2QKQqR0
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
@papiyou5705 3 жыл бұрын
Philippines is a beautiful country plus Filipinos are well known to be one of the friendliest people. We support our good government new policy. If you are above 50 this new policy should not bother you. Welcome to the Philippines❤
@ronpirie 3 жыл бұрын
Totally agree I have travelled and worked in 23 countries and the Filipino people are by far the friendliest and most welcoming people I have had the pleasure of meeting
@mpeugeot 3 жыл бұрын
I would be happy to hear that 50+ wasn't affected, I have been considering retirement in the Philippines or Thailand. I have always enjoyed my Filipino and Filipina friends (always such great friends).
@mela6046 3 жыл бұрын
@@mpeugeot yeay,I am glad for U, we have to watch our backs here in NYC area
@MWDJR173 3 жыл бұрын
Well if the plan is to have within 100 years or so a total population of nothing but retirees and no children leaving a dying nation of elderly people then this is a good move.
@mpeugeot 3 жыл бұрын
@@MWDJR173 given the Filipino culture, I don't think that they are in danger of not having enough children, plus the retirees that are staying in the Philippines are bringing income with them, resulting in a net gain similar to tourism with little to no drain on resources. Rather it is quite the opposite to a drain on resources when you consider the retirement money being spent in the country.
@tetsuyama5116 3 жыл бұрын
PI was my first liberty port when I enlisted in the USN 30 years ago. Many fond memories of PI ! :)
@tipr8739 3 жыл бұрын
I heard the had a fence around the port which was like Tijuana in the 80s and then outside the fence was the actual city of Quezon.
@FrancesAnneFong Жыл бұрын
PH for Philippines. PI in philippines is initials for son of a bitch 🤭
@alonzocecil8861 3 жыл бұрын
I have an SRRV visa, since 2015. My wife owns our home there. We contribute to the economy. I can empathize with the Philippines government. The new Chinese are generally rude and abusive and feel un-due-ly entitled. The Chinese that have been there for generations are much more laying low. I wish the Philippines regards and blessings on their revised program.
@sitdowndogbreath 3 жыл бұрын
Maybe the true colors are coming out
@xplorerv6315 3 жыл бұрын
the old generation of chinese living in Philippines even hating the new generation of chinese coming into philippines, imagine that.
@fredacuneo5180 3 жыл бұрын
This was one of the best retirement programs. China ruined it. They are like a locust devouring all they encounter.
@amorevirgil2849 2 жыл бұрын
Because phil aallowed 35 to 50 year olds to pretend retirement... due to greet ofcourse
@fredacuneo5180 2 жыл бұрын
@@amorevirgil2849 you mean greed, not greet, correct?
@amorevirgil2849 2 жыл бұрын
@@fredacuneo5180 typo, yes greed
@deaconwest Жыл бұрын
Sad thing is I'm 38 and retired US Air Force and was looking forward to this option that no longer exists 😔
@jomazerud 3 жыл бұрын
Yup its the Chinese retiring at ages 35 that was worrisome.
@treblan1 3 жыл бұрын
Accepting retiree at minimum age of 35 is unfair unless reciprocated by other party.
@qwertyzxcv123 3 жыл бұрын
It is a covert chinese military intrusion in cooperation with the Duterte administration.
@branonlamphere9624 3 жыл бұрын
Trojan horse, you’ll be invaded from the inside.
@ultramax6442 3 жыл бұрын
@@qwertyzxcv123 where is your evidence?
@ultramax6442 3 жыл бұрын
yes its worrisome coz youre still not financially free
@jdwin504 3 жыл бұрын
Most of people here in PH have no problem with Chinese getting ban from this program, most people even support of limiting Chinese immigrants and tourist coming in not only they harm jobs abuse almost everything that can be abuse but also they harm Chinese that is already living here in PH peacefully. Any nationals are welcome here in PH but this time we the people wants to select the people that coming in our country.
@adamcrealestate 3 жыл бұрын
And All I wanted to do was move to the Philippines and drive around on a scooter and make videos
@rm_alfaro 3 жыл бұрын
You can do that with just a tourist visa, lol! In the Philippines, you can stay in the country for up to 3 years straight without having to leave the country for a visa run. You just need to extend your tourist visa when needed before it expires so you won't have to pay penalty fee.
@Marcopolo-bm9hz 3 жыл бұрын
@MD Dee of course forget it !Philiphines are not free of spanish colonialization!now its different colonialization and most horrible!
@jhessytolentino7328 3 жыл бұрын
@@Marcopolo-bm9hz boi-
@jellenp 3 жыл бұрын
Adam Caldwell, I apologize in advance if I’m misunderstanding your comment but I thought you might benefit from hearing of someone’s actual experience rather than going with the imagined. I have lived in the P.I. (in Makati, Rizal) and I found my years there to be a busy, joyous, creative time of personal and professional growth. I would not trade the experience and the fond memories of those years. Perhaps it is not the right place for you, sir, but I believe people do well wherever they are when they believe in themselves and their abilities. We make our own “best places” by our choices and determination.
@adamcrealestate 3 жыл бұрын
@@jellenp Oh I love the Philippines. And My comment was just responding to the message that they was shutting off resident visas temporarily I hope. I was being somewhat truthful about my comment. I love it enough that I would be very happy driving around the islands ands and spending time with the people and enjoying the beauty.
@johnbrian1046 3 жыл бұрын
Thank you for covering this, Andrew.
@Joshohoho 3 жыл бұрын
Im glad your video popped up in my feed. KZfaq algorithm is crazy.
@MagickandMediums 3 жыл бұрын
Thanks so much for your videos! I am learning a lot from you and really like how open you are in addition to your perspective on life. I just got your book today and am excited to read it.
@maverickcapitalist1 3 жыл бұрын
Great video Andrew! This is exactly why I am getting my Serbian residence document asap, pretty soon every country apart from a select few will have there programs shut down, what a world we are living in now!
@mela6046 3 жыл бұрын
I agree!
@mela6046 3 жыл бұрын
hey I'm checking it out today, thanks!
@sitdowndogbreath 3 жыл бұрын
Apparently that mass murderer in South America was recently found Serbia very strange
@stewartm.8987 3 жыл бұрын
Bummer for so many. Eager to hear final decision.
@TropicShade 3 жыл бұрын
I believe this is just a temporary thing, as the program is scrutinized for security reasons as you mentioned. There will likely be some revisions but shouldn't affect western retirees as a whole.
@skeptical_sorcerer 3 жыл бұрын
Very few of the westerners living in the Philippines bothered with the SSRV program anyway. You can enter the Philippines as a tourist on a 1 month visa (issued on arrival) and simply keep renewing it every few months up to 3 years. Then you need to leave Philippines for a day, come back on a new free tourist visa and start the process again. I know a lot of westerners living permanently in Philippines and not one bothered with the SSRV visa. Most don't have the 20K needed (if you are under 50 or if you cannot show guaranteed income of at least US$1000 pm...otherwise a 10K deposit.....also which most don't have)
@clambake3293 3 жыл бұрын
outdated info...cant do this today
@highclassbum2538 3 жыл бұрын
@@clambake3293 can't do what?and when that start?
@CRinks-sl4dq 3 жыл бұрын
Lucky am actually married to a Filipino
@renpilak6048 3 жыл бұрын
You’re blessed in so many ways!
@glove3014 3 жыл бұрын
Me also married to a Filipina!
@supermario2201 3 жыл бұрын
Me too. And I am planning to switch from the SRRV to the 13a.
@ultramax6442 3 жыл бұрын
yeah you all want to live here in philippines especially biden won where more and more americans sleep in their cars
@threepercent490 3 жыл бұрын
@@ultramax6442 yeah well China is you're problem now. We will be able to easily root out the traitors here on the other side of the earth. And also the only ones sleeping in their cars are sleepy Joe's druggies in a few blue city's. Which are not considered part of our republic.
@eurasianwolf3957 3 жыл бұрын
Malaysia has also suspended their MM2H programme earlier this year.
@frankozz8699 3 жыл бұрын
everytime govt change leader mm2h is suspended. even mm2h holders are having hard time reenter due to pandemic.
@cleanenergyinside1921 3 жыл бұрын
Also due to the influx of Chinese.
@phxcamera 3 жыл бұрын
Thanks Andrew! They were concerned based on the current issues with China's land grab of islands in the South China Sea. The thinking is that many of the Chinese on SRRV are "able-bodied" soldiers in the Chinese Army. They've got a regiment of active duty Chinese soldiers already "stationed" in the Philippines...
@BrandonClark-StocksPassports 3 жыл бұрын
I thought it was because they are trying to stop people moving there for "exotic tourism" Most exotic tourists are between ages 30 and 49........very wierd how they raised the age to 50 now.....
@getlitlightingpyrotechnics7181 3 жыл бұрын
They need to court American Veterans to come to the Phillipines...lol
@sitdowndogbreath 3 жыл бұрын
@@getlitlightingpyrotechnics7181 Vector is like their guns the Philippines is a pain in the ass when it comes to getting a gun permit you have to go to the Capitol and the ranger on parking
@highclassbum2538 3 жыл бұрын
@D hold on....its half right
@robertmartin8714 3 жыл бұрын
Great video and great information, Andrew. I hope you are doing well.
@nomadcapitalist 3 жыл бұрын
Thank you, Bob.
@daviddarden1915 3 жыл бұрын
Having lived in the Philippines in 1991 at Clark Air Base. I am not to worried since now I am 58 years old. Knowing the Philippines I think the age limit will increase to 50. Many Chinese nationals have become a liability now in Asia. Like having Chinese students throw items at police at the Airport customs workers. So, I welcome the change which will not affect to many Americans in the future.
@michigantiger7636 3 жыл бұрын
The program are intended for South Koreans where young males as low young as 35 can retire after years of military service. It's not meant for Chinese mainlander, but Chinese explored the loophole
@jamestan4659 3 жыл бұрын
Not even america can take on china directly.o what are you talking about
@cymaoczon4845 3 жыл бұрын
Those chinese are spies. They are people’s liberation army.
@dennisdragomir7572 3 жыл бұрын
@@jamestan4659 USA makes NOTHING! China took all the good jobs too. Now covid killed the service sector jobs. unemployment ends January.. BIG problem ahead
@amir5593 3 жыл бұрын
excellent update on this paradise. Appreciate it.
@edm8037 3 жыл бұрын
You have very beautiful footages of the Philippines
@louisdisbury9759 3 жыл бұрын
Great video refreshing to see a guy that knows what he's talking about,i Live in Thailand all you have to do to understand their immigration laws is look at history, They have never been Colonised unlike most other countries in South East Asia and they learned all about Chinese migration and the effects in the 1800 s especially Chinese moving into Thai Business, Their foreign policy is excellent they favor neither the Chinese or the Americans and treat both countries equally Thailands their show and they will run it regardless of attempted foreign interference and now when you look at what's happening with visas in the Region their immigration policy is way ahead of the game yes Thailand is closed at the moment but they have been the most successful in dealing with the Covid outbreak I would not want to be in any other country at this moment in time.
@titamining3553 3 жыл бұрын
Philippines is home, No better place than home no matter where you go. Been away most of my life but will be nice to spend a month or 3 each year and be a Filipino.
@ItsMe_Philippines 3 жыл бұрын
They stopped the SRRV about two months ago because over 30,000 applied for it and it looked suspicious. I have a 13a visa so doesn’t affect me!
@joescheller6680 3 жыл бұрын
how do you get a 13a visa. is that a philippine visa need philippine passport. i am american
@ItsMe_Philippines 3 жыл бұрын
@@joescheller6680 you can apply for it when your married to a Philippines national. My wife still has a Philippines passport so made it easy for me.
@ashamon99 3 жыл бұрын
MMSH is being canceled in Malaysia as we speak as well.
@citationau 3 жыл бұрын
Been living here via a tourist visa 9A sub category. Costs me about 750AUD a year and I normally leave twice a year. Obviously due Covid I have not left. I arrived beginning of March from a visit from my home country and had two trips planned one in May and the other September. Obviously both canceled. Once your here obtaining a tourist visa is simple and can be extended in periods maximum of 6 months. You can stay up to 3 years. Given you stay out of trouble there is no reason why you can't just enter on a 9A visa waiver then keep extending as necessary. I was 32 (Mid 2016) when i first arrived with the idea of staying. Had no issues at all. The majority of my income derived from my home country. Practically live a life like a retiree.
@divya11114 3 жыл бұрын
I agree with you on this. It's practically stupid for anyone of 35-45 years of age to even consider this visa. You can basically enjoy the country for a year for the money you need to pay just as a processing fees for SRRV Visa. But only if you want to enjoy the country. If anyone has any plans to work in the country or setup a business, this SRRV Visa is much easier to get if you have the money. If you don't have money, your only option is to somehow find a job who can help you get an employment visa, or marry a filipino girl.
@aggierowe9574 3 жыл бұрын
Great video and love this helpful channel. It does make sense from the PH govt perspective. The food is good, other posters don’t know what they’re talking about LOL. I followed your channel’s info on citizenship through familial ties, and researched. I qualify for dual citizenship after all. Looking forward to the online event...
@nomadcapitalist 3 жыл бұрын
Thank you for your kind words!
@jessicah3782 3 жыл бұрын
Same!
@abakadae8602 3 жыл бұрын
Some POGO businesses are not paying taxes. Some Chinese businesses employ Chinese from China and violate laws like sewerage issues in the food industry. Some Chinese buy the properties for very higher price than the market value so it's kinda a threat. There are also high number of Chinese drug-related cases. Our president hates drug dealers.
@stevelaker3542 3 жыл бұрын
After living in the Philippines 8 years I can say there are more pinoy that do those things than foreigners
@pyronor 3 жыл бұрын
@@stevelaker3542 maybe it's because there is more Filipinos in the Philippines than other people? I'm not sure though. Just a thought. Moron.
@stevelaker3542 3 жыл бұрын
@@pyronor best your keep your stupidity to your self then. Obviously I was referring to pro rata.
@pyronor 3 жыл бұрын
@@stevelaker3542 suuure you did..
@ronpirie 3 жыл бұрын
@@stevelaker3542 You’re a Trump supporter aren’t you? I can feel it 😂😂😂
@maryjayroquero6904 3 жыл бұрын
thank you for sharing it to us sir
@ludlow7369 3 жыл бұрын
VERY informative. Thank you. I Subscribed.
@nomadcapitalist 3 жыл бұрын
Thanks for the sub!
@klausschumacher7126 3 жыл бұрын
It's a joke to call a 35 year old person retired. It should be the same age as senior citizen 60 years in the Philippines.
@highclassbum2538 3 жыл бұрын
@Steve Bondi the Chinese are not contributing in a positive way tho.
@rbebeabucay9356 3 жыл бұрын
@@highclassbum2538 👍
@popothebright 3 жыл бұрын
So just limit each nationality to a quota. Done.
@dennisdragomir7572 3 жыл бұрын
@estylz1967 the Chinese seem a little condescending to Philippinos. They glare at me, an American as I walk by.. Very unnerving
@treblan1 3 жыл бұрын
Chinese retiree reputation in the philippines is no good. Good decision to permanently cancel the vise. Most Filipinos in favor of Taiwanese national than Chinese national from mainland.
@theodethomasa6358 3 жыл бұрын
@@dennisdragomir7572 Glare back at them, but keep walking. One could be a Bruce Lee wantabe. Just keep walking!
@i.r.oldairborneviking2823 3 жыл бұрын
I moved to the Philippines in 2008 at 58 years old and became a permanent resident in 2010. My wife and I moved to the USA in 2013, so my residency expired in 2016. Many times I have wished we would have stayed.
@77.88. 3 жыл бұрын
If Biden and his thugs take over the USA many folks will be leaving as they already know what Socialism/Communism brings and it aint good, not even for the something for nothing crowd!
@cebubestdeals6015 3 жыл бұрын
@@Frankmaui67 enjoy your stay here in Cebu 🤗😍☺️❤️
@cebubestdeals6015 3 жыл бұрын
@@Frankmaui67 you're welcome and as we say it here amping pirmi 🤗❤️☺️
@mela6046 3 жыл бұрын
@@77.88. crying...crying...just now came from the South Bx Bruckner BLVD, Willis Ave, E.148 st, stopped by a Dominican bodega to buy munchies (breakfast sand)awful disgusting creeps, low lifes, creepy ppl, junkies, drug dealers, nobody was purchasing anything in the store BUT ME! really scary U can hear a pin drop...lookin' like early 1990's, 1980's & 1970's...over again
@samly518 3 жыл бұрын
@@77.88. Trump said that he will leave America if Biden won.
@JA-vz1nl 3 жыл бұрын
I only had one more year to go and had been planning for a while to "retire" there as well at 35.... nooooooooo :( I sincerely hope PRA doesn't completely gut this when it comes back out... if it comes back out at all.
@lionelburns6317 3 жыл бұрын
Get an ACR-I card instead. Less of a hassle and cheaper too. A SRRV doesn't give you any extra benefits except head of the line (VIP & diplomatic lanes) at airports and basically only Manila. If I had it to do all over aging that's the route I'd take.
@mmg1972mikee 3 жыл бұрын
The Philippine Gov't should investigate those chinese nationals who sought retirement privileges for the last five years and send back to China those who abused the system.
@mromneyobama 3 жыл бұрын
My goodness, I didn't even know they gave retirement visa to as young as 35. Corruption again. Politicians who made signed that got lots of money from Chinese.
@KevinTroy777 3 жыл бұрын
Not politicians but corrupt Bureue of Immigration employees as they abuses the loopholes of the immigration regulations... But they've been caught and jailed and the government is making corrections as of now...
@Mr.Monta77 3 жыл бұрын
Mitt Obama: You are speculating. Where is the evidence to substantiate that claim?
@mromneyobama 3 жыл бұрын
@@Mr.Monta77 Evidence is me "not being born yesterday".
@brianbaxter3913 3 жыл бұрын
Hoping they get this straightened out by the end of next year when I can retire. The only thing I will be spying on is who has the best prices on fresh seafood.
@alexcarter8807 3 жыл бұрын
I see this sort of situation with Hawaii. I grew up there and left in my mid-20s for the mainland US. I tried moving back 17 years ago and realized I'd be fighting tooth and nail for a job with people who've been there all along and bounced back to the mainland, vowing to not return until I'm ready to retire and then can return home to retire, and bring money in (social security). I think you have to seriously look at, Are you bringing money in, or taking a job from a local?
@Dane-rg6sy 3 жыл бұрын
The Philippines is great!
@everdaysunday1920 3 жыл бұрын
Except DU30 !
@rdix2501 3 жыл бұрын
Manila is being flooded to roof tops in some areas. The Visa will be back very soon. The Philippines needs so much foreign investments.
@grumpydoodoo4414 3 жыл бұрын
@SAMURAI X They do, more on Call centers
@hayesman76 3 жыл бұрын
The fact that flooding is a perennial problem in the Philippines both fascinates and appalls me. After CENTURIES, no, MILLENNIA of multiple typhoons per year you’d think they would have solved that issue.
@hayesman76 3 жыл бұрын
@SAMURAI X By “still standing” I guess you’re referring to the wind and rain ravaged homes and schools that look like they’d been bombed after typhoons hit, with floodwaters as high as rooftops (which is where many families seek refuge). Forget about foreign aid - even though the millions of OFW’s around the globe arguably could be considered as a type of foreign aid, as they ship perhaps billions of dollars to the Philippines annually. Why hasn’t the Philippines itself LONG AGO effectively dealt with the impact of predictable multiple typhoons every year? Where are the flood control projects? Apparently few and far between. Even Los Angeles, California and other places in the U.S. Southwest - which get no typhoons and very scarce rain - have massive flood control infrastructure. No excuse for poor Filipinos to be subjected to deadly flooding several times per year. The Philippines DESPERATELY needs a president who’s #1 goal is to develop the nation’s infrastructure, especially in respect to flood control, electricity, water and the Internet. With an aging Japan and a young, well-educated population the Philippines SHOULD be a rival to Singapore and South Korea.
@JohnnyUDoe 3 жыл бұрын
Well, if the Philippines wants to further maximise its foreign investment opportunities, then further reforms may be needed, to the extent that its Constitution might be amended. However, this is a divisive domestic issue, due to several factors (which I will leave it at that).
@ronbaltazar8773 3 жыл бұрын
It's important to note that prior to this suspension, some employees of the Bureau of Immigration have been found to be involved in a scam wherein they have allowed chinese tourists to get into the country "illegally". The former are already being investigated and relieved from the service. There could be a slew of reasons here but two possible reasons that stand out to me are security issue for the country given that there's a land grabbing issue with China and purging those tourists that got in illegally after bribing some employees of the Bureau of Immigration.
@hayesman76 3 жыл бұрын
Interesting that anti-Duterte ABS-CBN never mentions that many of the 30’ish Chinese “retirees” are suspected of being Chinese military personnel laying low for the time being until China makes its move on the Philippines - which they probably expect to do if Biden got into the White House but THAT AIN’T GONNA HAPPEN!
@highclassbum2538 3 жыл бұрын
@@hayesman76 I don't expect china to make that move in the foreseeable future.
@rbebeabucay9356 3 жыл бұрын
@@highclassbum2538 I have read that the Chinese plan to have world domination by the year 2049.
@highclassbum2538 3 жыл бұрын
@@rbebeabucay9356 i suspect they will own it before then ...
@rbebeabucay9356 3 жыл бұрын
@@highclassbum2538 I hope not!
@TheWorldnUs 3 жыл бұрын
Will be interesting to see how this plays out. We once bought a condo off the plan in Mariveles with the intention to retire young using the SRRV. We ended up getting our money back due to lack of progress in the development. Still love The Philippines but maybe retiring there won’t be as easy as it could have been.
@belindawingard738 3 жыл бұрын
I had a property in mariveles 1783 sq meters.planning to retire there but I am having a second thought too.
@dennisdragomir7572 3 жыл бұрын
@@belindawingard738 risky buying prebuilt
@indy345 3 жыл бұрын
Thank you for sharing.
@mrmikecebu 3 жыл бұрын
1500 for a srrv if you have an honorable discharge. 1400 can be used in ph.
@genstian 3 жыл бұрын
Many nations are talking about making their programs more exclusive for a certain type of nationalities that they want. It really won't surprise me if less desirable nationalities will face a much harder time racking up residencies in the future.
@sitdowndogbreath 3 жыл бұрын
What makes you think the US will become undesirable
@genstian 3 жыл бұрын
@@sitdowndogbreath US is already undesirable for the banking sector due to FATCA.
@highclassbum2538 3 жыл бұрын
@Meri See he don't like it. He has publicly professed that sentiment, several times.
@philam1973 3 жыл бұрын
I met a American condo seller who was upgrading. He was applying for the SRRV but the condo he owned could not be applied to the SRRV for qualifying. He would have to bought another condo. This brought me to think what happens when a couple owns land for 10 or 20 years, then build while applying for a SRRV. Is this a non-qualifying situation similar to the condo above? We went to the 13a route with my wife being dual. Cost was minimal compared to what I would have had to pay with SRRV ( my situation). We looked at bank investing locally. Interest is deducted automatically and this would be our only income here. Did not seem to be worth the effort however this payment would offset US taxation. Didn’t bother to find out how much earned interest would be but on $15k or more for example, I would rather have it in the US stock market earning more on average. So many expat people I have seen here cannot afford a vehicle much less qualify for SRRV (married to pinay). If a foreigner comes here single with no plans to ever marry, this might have been an option but what happens to his deposit if he dies here? Extra cost for lawyer to set up will, foreign beneficiaries? Fees for converting/sending the money back to family? Lots to have considered.
@Ben-rz9cf 3 жыл бұрын
If you got the money, pretty sure Malaysia is your best bet right now. Kuala Lumpur is the 2nd best city in asia for intercontinental and inter-asia flights, and what you can get for the min 250k investment is frankly jaw dropping. I'm broke so xD that route aint for me. But i still go to KL for affordable penthouse apartments, rooftop pools, great food at low prices. Honestly its one of my favorite cities. So underrated.
@CometFire2010 3 жыл бұрын
250k in USD?
@sitdowndogbreath 3 жыл бұрын
It's a Muslim country very careful
@lowbudget1661 3 жыл бұрын
buenos aires is good to,cheap living 135pesos to USD
@thewatcher3698 3 жыл бұрын
how about vietnam?
@mela6046 3 жыл бұрын
@@sitdowndogbreath yup! best post of the day! I've lived in a Muslim country for years, many moons ago...
@cryptorio1570 3 жыл бұрын
Goodstuff Andrew!👍🏿
@semco72057 3 жыл бұрын
There have been many Americans who retired from the military and live in the Philippines and they love the country, but don't like the idea of not being able to own the property there and it have to be in the wife's name.
@theodethomasa6358 3 жыл бұрын
True, but if you married one, you must trust the one you married.
@davidwendelrobinson 3 жыл бұрын
Yes, I got burned on this. I am in the Philippines and will soon be married, but I had planned to use the SRRV program and was just about ready to get into it when it was suspended. The program was a very good program in my eyes but I wondered why even with a large deposit, they allowed in retirees as young as 35 to be part of the program. (The deposit was higher for that group) This is what the Chinese were taking advantage of. Theoretically as a retiree you could have a business and compete in the business market, once retired. I still have a little time left on my tourist visa and have a Filipina girlfriend (an older one, not too young) and so we are now pursuing marriage. Hoping we can complete the requirements before my tourist VISA runs out. But if I am forced to leave then I will reclaim my SRRV deposit that was already made. So they will lose more money. Yes, starting retirement age should be at 50 for the SRRV program. It is so hard to go anywhere now days because of COVID. Even just going to immigration at Angeles City requires permits if you don’t live in Pampanga.
@michaeljakeusman 3 жыл бұрын
I've never heard any foreigner being forced out of the country(ph) because of an expired visa. usually they get tossed out because of bad behavior or crime.. if you're a foreigner and overextended your stay, worst punishment would be a fine. which would just be the amount you owed should you have extended, plus a very small fine.
@theprinceofportugal 3 жыл бұрын
There are many work pass/resident visa options available in the Philippines: 9G (commercial), 47A2 (BPO multi entry), 13 B (spouse), TRV (Restricted countries), and you can set up your own business with 100% ownership too as per the country’s Republic Act No. 7042 or the Foreign Investments Act of 1991 (FIA) outlines these incentives and their requirements for availment, for domestic, or export.
@therock8224 3 жыл бұрын
Citizenship options in Asia exist, depending on the country and whether you plan to stay indefinitely or not.
@amorevirgil2849 2 жыл бұрын
Even uour srrv visa runs out once your 75 th. Paid to phil govt is consumed
@BigTroubleD 2 жыл бұрын
Where
@EasternAmerica 3 жыл бұрын
Really probably okay, when people invest in Condos, etc. in Philippines, and future Pandemics indicate 60 years or older on going to be jailed in there homes, really isn't worth it. I was considering, but not now, trust is a little lost, glad I am not stuck, from here on it's going to be short term rentals or six months visas and rentals. 😊👍🇨🇿❤️
@mela6046 3 жыл бұрын
Thanks
@theodethomasa6358 3 жыл бұрын
That is not a problem for 60 years or older. They don't need to go bar hopping anyway. I'm 76 and staying home makes me feel safe. My home is my entertainment center. My wife treats me like a king. And I don't have to go anywhere unless I think it is necessary. "Really probably okay, when people invest in Condos." How about when people invest in home ownership? My house and lot was valued at P1,800,00.00 in 2010. I'm sure it has increased in value because of improvement's I've made from that time, like a garage large enough to hold an SUV, a van, a mid size car and two trikes.
@highclassbum2538 3 жыл бұрын
Eastern America....i was locked down for 103 days before I could get away from it. Rody thinks lockdowns are only answer.
@franciscusjohannesburger3720 3 жыл бұрын
Thanks for this video !
@Appokalis 3 жыл бұрын
Nice St. Lucia pin on your suit!! Citizenship via Investment program?
@brenchomsky3515 3 жыл бұрын
Not different set of rules. I suggest a quota from different regions of the world like north America, Europe, east asia, middle east, etc.
@kyaobet88 3 жыл бұрын
I agree there should be a geographical quota
@jimf01 3 жыл бұрын
Good info. Rents are down in BGC, looking at this area as the country reopens sometime soon hopefully.
@keepingitrealinthephilippi6201 3 жыл бұрын
Rents are down in BGC true but the US dollar is is down too so basically it’s a scratch. Lots of people here got excited about slightly lower rents due to pandemic but based on currency exchanges a person might be at basically the same rental rate.
@jimf01 3 жыл бұрын
@@keepingitrealinthephilippi6201 I see $1 USD to Php 48 so that’s a good exchange rate in my view.
@keepingitrealinthephilippi6201 3 жыл бұрын
@@jimf01 I got here when it was about $51 so bad for me now. All depends on time frame for perspective I guess.
@keepingitrealinthephilippi6201 3 жыл бұрын
@@jimf01 I got here when it was about $51 so bad for me now. All depends on time frame for perspective I guess.
@keepingitrealinthephilippi6201 3 жыл бұрын
@@jimf01 I got here when it was about $51 so bad for me now. All depends on time frame for perspective I guess.
@Singlemomshie336 3 жыл бұрын
New subscribers from Philippines
@ansanknight104 3 жыл бұрын
During Arroyo administration, Korean were also benefited from this visa. Imagine at 47 years old, you are already qualified for retirement visa
@SolOInvictus 3 жыл бұрын
What about the SIRV visa? I assume that is still on offer. Doesn't it give you the same benefits except without the age restriction and with a higher investment amount ($75k)?
@hayesman76 3 жыл бұрын
It’s disgraceful that the Philippines charges foreign retirees tens of thousands of dollars at the same time that hundreds of thousands of illegal alien Filipinos are living in the USA, including that smug journalist who openly proclaims he’s in the US illegally.
@highclassbum2538 3 жыл бұрын
@@hayesman76 that's just one area that America can learn a lot from Philippines.
@theodethomasa6358 3 жыл бұрын
@@hayesman76 If that is true, report them to some one!
@shamansean7593 3 жыл бұрын
Lots of facts here. Also a lot of naïveté. The world runs on more than money.
@therock8224 3 жыл бұрын
Just make it 50/55 like Thailand/Cambodia, respectively and add some financial requirements. Why scrap it altogether?
@franciscusjohannesburger3720 3 жыл бұрын
Thanks for this info !
@antoniohonda7381 3 жыл бұрын
With the experience I had with the PRA, an in depth probe should be made for corruptions for some of its officers. That could be one of the reasons why many Chinese for obvious reasons are able to secure SRRVs.
@Gemini530 3 жыл бұрын
Agree. It’s not the program, it’s the people running the program that’s the problem.
@rbebeabucay9356 3 жыл бұрын
@@Gemini530 I have read from a Filipina that the Chinese have infiltrated most - if not all, the
@rbebeabucay9356 3 жыл бұрын
... of the Philippine agencies.
@mrmikecebu 3 жыл бұрын
thailand is opening back up as we speak so watch them if lack of english no problem,as they have several great cities to retire.
@theodethomasa6358 3 жыл бұрын
If I am told to leave the Philippines, after my wife dies (hope not), I'll sell my home and ship my cars there. Any place is better for me other than going back to the US!
@Dodger1999 3 жыл бұрын
Retirement visa requirement rules are much tighter in Thailand than the Phillippines and are frequent changing. Even with changes to rules in the Phils it will probably be easier than Thailand.
@aa-xn5hc 3 жыл бұрын
Great info
@mechanicjobs 3 жыл бұрын
Good move Duarte. 👍❤️🇨🇦
@johnwonder8720 3 жыл бұрын
I see no reason why a country cant "favor" certain countries over others ?
@mpotane 3 жыл бұрын
Culture and Traditions .... Ethics
@Juvelqairth 3 жыл бұрын
The reason of suspending a SRRV is on-going investigation of so called _pastillas_ scheme -- a loophole scheme reference from the Filipino sweets that is made of carabao milk and sugar, wrapped in a paper. There are many illegal immigrants, mostly to get a POGO for a job. And most of Filipinos are still worried due to influx of mainlanders.
@mysterioustravels4305 3 жыл бұрын
Jaret Jose Ulanday POGO workers came 2014 my friend when Noynoy is still in power. Nobody regulates them because they have their own law back then. It is only now that the government is noticing the broad anomalies that these scheme was abused b the immigration officials and their client the "Chinese citizen".
@warntheidiotmasses7114 3 жыл бұрын
@@mysterioustravels4305 What is POGO?
@mysterioustravels4305 3 жыл бұрын
@@warntheidiotmasses7114 Philippine Offshore Gaming Operators
@lorenzopacho936 3 жыл бұрын
What's sad is that one major requirement to work inside a POGO is the ability to speak Mandarin, which a lot of Filipinos cannot do.
@wavenature3180 3 жыл бұрын
I heard the Philippines is not allowing any visitor entries right now due to the pandemic. Is that also happening in Thailand, Malaysia, Singapore, Indonesia, etc.?
@highclassbum2538 3 жыл бұрын
More than likely
@Photojouralist123 3 жыл бұрын
I am on the MM2H program here in Malaysia for the past 7 years. I've bought a nice condo and live very nicely . But like you said since the HK issues Chinese have been applying like crazy now the MM2H has been canceled. As of now there has been no new news. I'm supposed to have a auto 10 year renewal. So I have spent million in RM .
@nomadcapitalist 3 жыл бұрын
Sorry to hear it John😞
@callofdutymobile1074 3 жыл бұрын
Just saved up the money too. Will have to come up with plan B then.
@indidesitourer585 3 жыл бұрын
Marry filipina....
@christopherellis2663 3 жыл бұрын
@@indidesitourer585 she will take care of you, and your money, too.
@christopherellis2663 3 жыл бұрын
I travel with Plan 🅰️ Plan 🅱️ and Plan Whatever. It has stood the test
@indidesitourer585 3 жыл бұрын
@@christopherellis2663 married to filipina for 5 years. It depends on who u marry
@goldcoaster2009 3 жыл бұрын
Harsha Padala but be smart ... for peace of mind, buy a condo in YOUR name, not a house in hers
@deshonmiller5573 3 жыл бұрын
It seems that the world is about to hit a reset globally.
@cosmo1eleven855 3 жыл бұрын
and people and country's won't have any say in the matter. It will be imposed upon us.
@sg-ex9yh 3 жыл бұрын
Its called "The great reset" by the world economic forum
@mela6046 3 жыл бұрын
decent ppl will have to stick together...if any left then...
@MJ-ws5bp 3 жыл бұрын
There are still decent people left. I just left a meeting covering endgame strategies. We are calling it continuity of community. When it hits the fan, we will have each others backs. There is no running from what's coming. Organize and prepare.
@beezneez2056 3 жыл бұрын
@@MJ-ws5bp I would love to be a part of that and have similar in my area. How would I do this?
@guspagoulato859 3 жыл бұрын
""Investor visa in the philippines"" Can you please provide me with a link to look into this further?? Thank you Gus Paulato
@LuzMLime 3 жыл бұрын
Finally & hoping the govt will really implement that.
@wouter1602 3 жыл бұрын
Really sad that they suspended it
@shandysnanny 3 жыл бұрын
I'm a Filipino, I was born in Baguio City, Mt Prov. I live overseas for years now. I go visit every year, but to retire there, it's a big NO. With the influx of communist Chinese in the country and the serious government corruption, never will I even consider retiring in my homeland. I have properties in Northern Luzon, and it's up for sale.
@angiep8217 3 жыл бұрын
Will be 65 in 3 yrs., think I’ll sell my condo in makati & not retire there, just visit.
@curtwarkentin6167 3 жыл бұрын
I went to Baguio in Feb this year. Gorgeous city and I loved the people there. I was actually considering retirement there due to the cost of living and weather. Plus language isn’t a problem there at least for me.
@bettygumilao3236 3 жыл бұрын
I'm from Mt. Trail. I live half of my life here in abroad. God permits, I'll go back to my beloved homeland, stay half there and half here in a year and everything is going to be all right. Just my opinion. Mabuhay Philippines!
@janifercadungog6598 3 жыл бұрын
This is my Opher 4U
@romeosedillo1884 3 жыл бұрын
What,? Hypocrisy...
@kenwilliamsvoice 3 жыл бұрын
Medical? I had a kidney transplant in the US 7 years ago. I'm 58, healthy, but check in once a year with a kidney specialist for meds for anti rejection. Please discuss health care around the world.
@mela6046 3 жыл бұрын
Uruguay...Great health insurance options entire country...esp. in BIG cities, country less corrupt...take care ...God Bless....
@hayesman76 3 жыл бұрын
@@mela6046 Yes Uruguay is one place in South America that is worthy of consideration
@BrandonClark-StocksPassports 3 жыл бұрын
Very surprising !!!
@marcusj1167 3 жыл бұрын
Well that sucks. Lots of service men that I knew wanted to retire in the Philippines
@jeremyleonbarlow 3 жыл бұрын
@Go Live The age of 35 was chosen because it is the retirement age for the South Korean military. It is also only 2-3 years before the 37-38 retirement age of US military with 20 years of service. The earliest soldiers in the US Army go to boot camp at 17, so that visa is particularly attractive to people with 2k to 5k per month in a military pension that will be untaxed in the Philippines.
@ronpirie 3 жыл бұрын
A lot of Filipino servicemen would also gave loved the same privelige / unfortunately deported after service
@mpeugeot 3 жыл бұрын
I will be retired at 55 from the military and this was looking like a very attractive option post military service.
@bodybailout 3 жыл бұрын
The grass always looks greener until you walk across the street!
@hayesman76 3 жыл бұрын
Good luck finding any grass in Manila! That humongous and charmless metropolis desperately needs a park like New York City’s famed Central Park.
@mpotane 3 жыл бұрын
@@hayesman76 ehh? Manila has overwhelming amount of parks tho.. facts grasses grows faster in the Phil ..
@hayesman76 3 жыл бұрын
@@mpotane “Manila has an overwhelming amount of parks?” Is that a joke? Look at a map - Manila has extremely few parks. To its credit Baguio has a large park but not Manila.
@philippinesunfiltered421 3 жыл бұрын
Informative video
@coco9004 3 жыл бұрын
At 35 retired, do you need to show them that you walk with a ximmer frame?
@thetimmns 3 жыл бұрын
I'm a 66 year old American, this was one of my options. Also what do you think about the Expats areas in Mexico
@sitdowndogbreath 3 жыл бұрын
You must be out your mind
@mela6046 3 жыл бұрын
Tim Means, U have a US consul there I am sure U can apply as a tourist medical visa to start EXPAND... U have local consul, U R an American, maybe U have military relatives in the past. etc. go dig it up... get a lawyer for an exception/ qualifier NOTE etc.
@mela6046 3 жыл бұрын
@@sitdowndogbreath I agree
@dennisdragomir7572 3 жыл бұрын
Mexico has harsh laws and they enforce them. Once you get to the US, you are assigned a court date you never show up for
@sitdowndogbreath 3 жыл бұрын
@@dennisdragomir7572 Mexico 🇲🇽 has the whole "your guilty until proven innocent " attitude so there's that issue.
@stevelaker3542 3 жыл бұрын
Hi Andrew. This will make almost zero difference in every aspect. Their tourist visa is too easy. On arrival and an Average of two hours every two months to renew and can stay for 18 months. Too make it even easier you can pay some one else to do it. Total cost is less than $2 a day. This will not stop the Chinese coming. They would need to re asses their tourist visa system to make any real difference. As a foreigner who lived their for the majority of an 8 years period, I can’t see the value in locking up 50k. This is just another waste of time from a Philippine government 😂😂😂. Something that you come to expect
@cheeeeezewizzz 3 жыл бұрын
they actually have an entirely different tourist visa process for mainland chinese. I fucking hate standing behind them in line at the immigration counters. Every single chinese citizen takes like 10 minutes to go through the damn checkpoints. And they are given a shorter time period than americans.
@jessicali8594 3 жыл бұрын
Part of the World Economic Forum not so great reset as described on its website is to keep people in their current location. So if you plan to move, do so asap. Consider Morocco.
@georgeinjapan6583 3 жыл бұрын
Tell us more.
@sitdowndogbreath 3 жыл бұрын
I would look at them over to Utah and I'm stuck here Florida in the meantime
@karldias1415 3 жыл бұрын
If they are smart they will limit the number of visas to 5% per country like they do in the us. This de facto discriminates against large countries. Without actually saying it.
@mrMacGoover 3 жыл бұрын
What if you aren't a Chinese Nationalist and you are 35 to 49 and want to come to the Philippines to start a business and employ fillipeano's and live there as well?
@Veilinsider 3 жыл бұрын
all the applications now were pending
@highclassbum2538 3 жыл бұрын
That's not coming to Philippines to RETIRE friend.
@otavioalves2058 3 жыл бұрын
Few months from now I'll be going into retirement and retirement is the only time in our lives when time no longer equals our money, I really need an alternative source of income can anyone give me an idea?
@mateuscosta8228 3 жыл бұрын
I think you should go into cryptocurrency Investments because one amazing thing about cryptocurrency is that supporters see cryptocurrency such as Bitcoin as the currency of future and they keep struggling to own them, before they become more valuable. I am so glad to have invested in bitcoins some years back,
@danilocastro5388 3 жыл бұрын
Correct !!!
@DouglasLima-hw7yq 3 жыл бұрын
I personally like the technology behind cryptocurrencies by the blockchain, because it has a decentralized system of processing and recording transactions, which makes cryptocurrency Investments 100% secured
@EsperanzaBrochu 3 жыл бұрын
Really, for those of you who see crypto assets such as bitcoins and Ethereum as the currency of the future, it should be noted that crypto assets need stability.
@vitoriasouzacosta4363 3 жыл бұрын
Cryptocurrency is here to stay and is not going away, and you can own as much crypto asset as you can, crypto currency transactions are fast, digital, secure and worldwide, which minimises the activities of cyber criminals
@Cause4Alarm 3 жыл бұрын
Probably cuz Tim k the KZfaq blogger and a host of many others blew it for everybody!
@massiveheadwoundharry6833 3 жыл бұрын
On the contrary, they can make different rules for specific nations. It's called "foreign policy" and it's done all the time. They just need to boot out the undesirables and close off that option for them.
@OleLeik 3 жыл бұрын
They can, but "foreign policy" in these matters can get hairy when you are financially dependant on the specific nation and loss of face is a cultural thing. Just restrict the retirement visa to what probably is actual retires: 50+ olds having a monthly pension income from their homeland. Anything less is wide open for abuse, be it by Chinese or other nasjonalitis.
@johnilevega6425 3 жыл бұрын
Philippines is doeng the best for all.
@maryannwaters339 3 жыл бұрын
Duterte is cleaning house!👍😊👏👏👏
@joescheller6680 3 жыл бұрын
not for me or my wife
@tetsuyama5116 3 жыл бұрын
The magic number in Thailand is 50 years old.
@tetsuyama5116 3 жыл бұрын
@@josephberam117 for retirement there.
@lionelburns6317 3 жыл бұрын
Yea that was true 15+ years ago but not anymore. Expensive and every year they tighten the regs for expats. They're like 'come here spend all your money on a holiday then fuck off and come back when you're flush again'. We don't want you living here. Remember in Thailand "money number one"!
@dellcruz2818 3 жыл бұрын
one more thing...there is a long term problem with the West Philippine Territorial disputes... many suspect that these chinese who retire in the Philippines are SPIES. in 1930s till 1940s. many Japanese citizens come to the Philippines as workers businessmen.. yes even ice cream vendors but eventually in 1942 they turned up as intelligence officers. Had china did not build artificial island in Eez as the philippines won a court case in Unclos... Srrv still in effect. Yes. security issue. many chinese are using the Srrv. at age 35 yo ... one brigade of intelligence officers can do a lot of intelligence work till age 45 yo. 10 years. TOO YOUNG TO RETIRE... TO OLD TO START a life in the Philippines
@stylishs.w Жыл бұрын
Im sri lankn 🇱🇰 but i realy like philippines movies films songs and programs its realy nice and entertainment 💓👍love all
@keepingitrealinthephilippi6201 3 жыл бұрын
The Philippines could just join the Five Eyes Intelligence alliance to help monitor and keep track of those 35 year old retirees lol.
@treblan1 3 жыл бұрын
They spend too much. The goverment is good at slacking.
@zeem.5085 3 жыл бұрын
Great feature. Thank you. I think 🤔 it a good move by the government to weed out undesirables entering the country. The Philippines has always been a welcoming country almost sometimes to the extent of being taken advantage of. And sometimes with certain people in position knowing about this. I am it's will really be just a temporary suspension for review to assess retirees, expats who are really legit. This will be both fair both ways, retirees and the country.
@leeandersen9298 3 жыл бұрын
SUPERB INFO -
@ArniWhite 3 жыл бұрын
Do you have a link or anything I can read or watch about the announcement from the government?
@ArniWhite 3 жыл бұрын
I visited the government website www.philembassy.no/consular-services/visa/special-resident-retirees-visa-srrv and they have not yet changed anything or at least note about the changes.
@highclassbum2538 3 жыл бұрын
@@ArniWhite try immigration.gov.ph
Your_Lawyer
Рет қаралды 129 М.
Nomad Capitalist
Рет қаралды 164 М.