no one 112 Posted June 13, 2013 Share Posted June 13, 2013 can any one help me with this im not old enough to retire so i like to know if there is a age limit on this can i own a company with this kind of visa ( i know the list of buss i as a foreigner can own ) can i work with it (or is there a limitation ) whats the cost to get it i know there is a deposit not sure how much but can i spend it or do i have to sit on it for some time thank you Link to post Share on other sites
Mckchrls 47 Posted June 13, 2013 Share Posted June 13, 2013 Assume there would be threads on this. Search SRRV here and more broadly if that's what you mean, like this ... http://www.pra.gov.ph/main/srrv_program?page=1 I visited their office in Manila, to discuss my circumstances. Maybe you should do the same if its convenient. Link to post Share on other sites
tobster 1,038 Posted June 13, 2013 Share Posted June 13, 2013 If you plan to do business here I think if you employ 10 or more locals you can stay indefinetly......much better deal than the retirement visa if you plan on going that way.. Link to post Share on other sites
Triple Diamond Sponsor Monsoon 28,943 Posted June 14, 2013 Triple Diamond Sponsor Share Posted June 14, 2013 can any one help me with this im not old enough to retire so i like to know if there is a age limit on this can i own a company with this kind of visa ( i know the list of buss i as a foreigner can own ) can i work with it (or is there a limitation ) whats the cost to get it i know there is a deposit not sure how much but can i spend it or do i have to sit on it for some time thank you Everything you need to know about the retirement visa can be found and it couldn't be explained more clearly at www.pra.gov.ph Link to post Share on other sites
no one 112 Posted June 14, 2013 Author Share Posted June 14, 2013 If you plan to do business here I think if you employ 10 or more locals you can stay indefinetly......much better deal than the retirement visa if you plan on going that way.. where would i find any info on this for sure sounds better than the visa Link to post Share on other sites
Triple Diamond Sponsor Monsoon 28,943 Posted June 15, 2013 Triple Diamond Sponsor Share Posted June 15, 2013 where would i find any info on this for sure sounds better than the visa That visa is called a SVEG visa. I wouldn't recommend it for a few reasons, but not knowing your total situation its hard to give the best advice as well. Just keep in mind that the SVEG is a non-immigrant visa and is contingent on you maintaining 10 employees. These can not be cash paid, fly by night type of employees - they all have to be paid on the books with corresponding TINs etc. Also the SVEG is not in place by Philippine law, it is in place by presidential decree from the previous administration, take that for what its worth. Link to post Share on other sites
Davaoeno 38,101 Posted June 15, 2013 Share Posted June 15, 2013 That visa is called a SVEG visa. I wouldn't recommend it for a few reasons, but not knowing your total situation its hard to give the best advice as well. Just keep in mind that the SVEG is a non-immigrant visa and is contingent on you maintaining 10 employees. These can not be cash paid, fly by night type of employees - they all have to be paid on the books with corresponding TINs etc. Also the SVEG is not in place by Philippine law, it is in place by presidential decree from the previous administration, take that for what its worth. and the penalties for any infraction are draconian !! Link to post Share on other sites
ancienrocka 346 Posted June 15, 2013 Share Posted June 15, 2013 can any one help me with this im not old enough to retire so i like to know if there is a age limit on this can i own a company with this kind of visa ( i know the list of buss i as a foreigner can own ) can i work with it (or is there a limitation ) whats the cost to get it i know there is a deposit not sure how much but can i spend it or do i have to sit on it for some time thank you The age limit for the SRRV or Smile as it's now called is 35+ The visa does not change your rights regarding company ownership in any way, but it does mean you are exempt from requiring an AEP and, not sure, maybe a work permit? Check out the options at www.pra.gov.ph you need to keep the agreed sum in a deposit to keep your visa active, but you may use it to invest in certain things like a condo. Oops, my reply is in the quote. Link to post Share on other sites
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