SIRV Philippines: What the Special Investor's Resident Visa Is, and How It Compares With the SRRV

Two Residency Visas, One-Line Positioning

Foreigners in the Philippines commonly follow one of three residency routes: the employment-based 9G work visa, the investment-based SIRV (Special Investor's Resident Visa), and the retirement/long-stay oriented SRRV (Special Resident Retiree's Visa).

In short: the SIRV is for active investors and operators — you place capital into an approved Philippine economic activity and your visa follows the investment. The SRRV is for retirees or those with passive income who want to settle long term, trading a bank deposit (plus pension status) for residency and easy entry/exit. The 9G work visa follows an entirely different logic — a local employer comes first, then the visa; see our full 9G and AEP guide. These are not substitutes but options matched to different profiles and capital structures.

There is a fourth route people forget to price against these: if you are married to a Filipino citizen, the 13A visa for spouses of Filipino citizens gives residency and work rights with no capital bar at all. Compare it before you tie up funds. If your plan is closer to permanent immigration than to a deposit, see also the quota immigrant visa.

What Is the SIRV? The BOI Special Investor's Resident Visa: Investment in Exchange for Residency

The SIRV is administered by the Board of Investments (BOI), and its core logic is residency in exchange for investment.

• Investment threshold: generally an investment of at least around US$75,000 into approved economic activities, manufacturing, or qualifying publicly listed shares.
• Duration: as long as you maintain the investment, you can reside in the Philippines long term (in principle indefinitely); withdraw the investment and the basis for the visa is gone — though not automatically: the BOI notifies you in writing first and gives you a window to respond, and only continued silence leads to revocation, after which anyone still in the country must downgrade to 9A or switch status. The consequences of each change (divestment, reduction, closure, switching projects) are set out in whether an SIRV lapses after you withdraw the investment.
• Dependents: a spouse and unmarried children under 21 can obtain residency alongside the principal (details below).
• Work / business: SIRV holders may work or run their own business in the Philippines, making it well suited to investors who genuinely set up operations on the ground.

If your plan is to incorporate and run a company, review the foreign ownership rules in parallel — many sectors allow up to 100% foreign equity, see our guide to 100% foreign ownership. The investment structure and the SIRV application are usually designed together. The BOI also allows the reverse order — obtain the probationary SIRV first, then incorporate and place the deposit within 180 days; both timelines, with the BOI and BI stage durations and official fees, are in how long an SIRV takes and what it costs.

How a spouse and children come along, and what happens when a child turns 21: the only eligible dependents are the spouse and unmarried children under 21, who can be included in the principal's application or added later. The BOI probationary endorsement fee is an additional US$300 equivalent per dependent, and the BI probationary visa costs PHP 10,610 for an adult and PHP 9,860 for a minor (CC2026 p3264); dependents aged 14 and above also submit police clearance and a medical certificate. Dependent status rests entirely on the principal — if the principal divests or is revoked, every dependent's SIRV ends with it and each must downgrade or switch status individually. A child who turns 21 or marries loses dependent status; the BOI advises applying for cancellation (if abroad) or a downgrade (if in the country) at least one month before the 21st birthday, after which the child files for a student visa, a work visa or an SIRV of their own. This follows the BOI's SIRV Q&A; check the current BOI issuance for details.

What Is the SRRV? The PRA Retiree Visa: Philippines Requirements, Age Bands and Deposit Amount

The SRRV is administered by the Philippine Retirement Authority (PRA) and targets retirees and foreigners who want to settle for the long term.

• Lower age bar: effective September 2025, the application age was relaxed to 40 years old, no longer limited to traditional retirement age.
• Deposit threshold: the deposit is tiered by age and pension status, held as a time deposit in a PRA-designated bank. Since the September 2025 restructure there are four tiers: age 50+ with a pension US$15,000, without a pension US$30,000; age 40–49 with a pension US$25,000, without a pension US$50,000. Separate concessionary tiers exist for foreign military retirees and former diplomats, well below these figures. Exact tiers and amounts follow whatever the PRA currently publishes.
• Perks: multiple entry/exit privileges and exemptions from certain immigration formalities, ideal for treating the Philippines as a long-term home or retirement base.
• Work: the SRRV leans toward retirees and passive-income holders; whether and how you may work is subject to the latest PRA rules.

Compared with the SIRV's US$75,000-plus investment, the SRRV has a lower capital bar and emphasizes settling down over operating a business — a common first choice for those with a pension or passive income. Bracket-by-bracket requirements and the full application sequence are in the SRRV visa in the Philippines.

SIRV vs SRRV: Key Differences at a Glance

Note: the thresholds, deposit amounts, dependent eligibility, and work rights above are all subject to the latest BOI / PRA / Bureau of Immigration (BI) rules. Policies change and individual cases vary considerably.

How to Get Residency in the Philippines: Three Yardsticks for Choosing

The decision really comes down to three questions:

1. Are you an operator-investor or a long-stay retiree? If you plan to open a company, run real operations, and manage things yourself, the SIRV fits better; if you simply want to settle, retire, and enjoy easy entry/exit, the SRRV is the lower-friction choice.
2. What is your capital structure? Capital ready to be deployed into the real economy (from ~US$75,000) points to the SIRV; pension or savings suitable for a bank deposit (in the US$15,000–50,000 range, tiered by age and pension status) points to the SRRV.
3. Age and income source? A stable pension and being at least 40 make the SRRV friendlier; being younger and operations-focused aligns the SIRV with your business plans.

If you are actually employed by a local company and live on a salary rather than an investment, neither is the answer — you need the 9G work visa. How to combine these routes, and how to pair corporate and personal status, usually needs to be planned together with tax and investment structuring; a professional visa and HR advisor can assess this.

The Process and Common Pitfalls

Whether SIRV or SRRV, in practice you will deal with proof and remittance of funds, police clearance and a medical exam, passport and dependent documents, opening a designated bank account or landing the investment, and filing with the governing agency and immigration. Common pitfalls include:

• Unclear proof of funds or remittance trail, so the investment or deposit is not recognized;
• Treating the SIRV as "buying a visa", ignoring that the investment must be genuine and continuously maintained;
• Un-authenticated dependent documents or untracked policy updates, which slow the case or leave funds prepared against outdated thresholds.

Because thresholds and procedures shift with policy and individual cases vary widely, run a feasibility review before remitting large sums. Yixing can help map out your residency visa options and end-to-end handling.

Both the SIRV and the SRRV carry the words "Resident Visa" in their names, and neither is legal permanent residence — the distinction is drawn in why the SRRV and SIRV are not a Philippines permanent resident visa.

Next Step: Plan First, Then Move the Money

The SIRV and SRRV each suit a different profile, and choosing the right direction saves considerable time and avoids tying up capital unnecessarily. Rather than parsing regulations yourself, lay out your status, age, capital structure, and settlement goals, and let an advisor turn the latest BOI / PRA rules into an actionable roadmap. Want to compare SIRV, SRRV, and 9G for your case? Reach out to the Yixing visa and HR team for a one-on-one assessment.

Put these two back in context alongside the 9A, 9G and 13A in how to immigrate to the Philippines: all five routes compared.