JRC is a nice option, But if you have the time ( about 3 hours or so), Then do it yourself and save that money for a nice steak dinner with your favorite Filipina.
@@jonross8925 If he's no more costly than a single nice dinner, I'd rather have the local expert in my corner and make sure there's no misunderstandings or avoidable hiccups.
Thank God that Cambodia has the 6 month visa that can be extended indefinetely. Tons of foreigners are having babies with the Cambodian women and building a warm family. Life is great! If Philippines makes life stressful for foreigners Cambodia has her arms wide open for everyone!
LOL Cambodia woman are the biggest scammers and liars you will support her whole family and her secret khmer husband which you don't know about, i lived there 7 years they all the same just after your money
Thank you Paul. I have watched all the other channels about this and they are so vague in communicating. This is very clear. I am very grateful. I have used JRC service and it was seemless. I would use them again. I think why there is so much anxiety or concern around this issue is the communication from others is very vague. He was clear and made me feel clear. I like the Phillipines but prefer Vietnam. That’s my home base as a SE Asian slow traveler. I’m very happy and mostly very safe and peaceful there. The people are the best
I am going to Kuching Malaysia on Borneo, dirt cheap, better food and you just need proof of income for retirement visa. but on the main island you have to have $150,000 deposit
Some absolute pearls of information there, thank you Paul & JR!! It's also heartwarming to see someone diligent and hard-working, growing a quality business. If I should ever need help with my visas JR is the first person I will turn to.
Great video..............simple and direct. Foreigners turning to this organization would definitely remove any stress associated with starting a new life in the beautiful Philippines.
Thanks for the update, Paul, JR is the man with the information, and you can't go wrong with his advice. His smile and attitude are what the Philippines is all about! Thanks for sharing!
Thank goodness I already planned my trip earlier this year and avoided this process. I must admit, I really enjoyed the Philippines, but I have no desire to relocate permanently there. At my age I would never be comfortable with the medical, food and lack of infrastructure I worked hard all my life to have the comforts I enjoy in the U.S and would never ever consider trading that in. The young ladies are beautiful and very friendly, and I must admit, I was a bit shy at first because it's not something you see in the U.S, and it's a bit of a culture shock in a good way. For those of you planning on traveling to this beautiful country, keep in mind these people struggle to survive so treat them with respect and if you can afford to tip them, please do. These people were some of the nicest people I ever met
Here's a tip: Never eat yellow snow or eat wooden nickels. Who are you tell/ask people to tip since it's only American thing. Leave your habits back home Nimrods.
Dude, nothing has changed for people coming to the PH for the first time, and it was even said the issue comes up after you've been there for over a year. And this is where it STILL isn't an issue, because it's not. At no point is there a REQUIREMENT for a person to get a retirement VISA or spouse VISA. In fact if you told them the very thing you said in your comment, as in you've been there for over a year and are applying again for a new tourist VISA, I'm sure the response of the officer would be to issue you a new VISA because it's an honest answer. If I say I don't want to commit to living there but would like to stay for a few more months I'm sure I'd get the tourist VISA. Now, if you go apply a third time, having mostly been in the PH THEN they're going to start saying you aren't acting like a tourist. NONE of this is about getting that first tourist VISA, and if they ask a couple questions so what? Is it hard to answer questions? Next, if you get a retirement VISA that doesn't mean you HAVE to be pinned to one location. Try reading about it. It also doesn't mean you're forced to stay in the PH. You can come and go, but if you actually read about it you'd know that. I imagine if you left and stayed out of the country for a few years they'd revoke it and that would be their right. I plan to retire there and to me that's the most sensible thing to do and it's much easier than a tourist VISA.
That's right. > Best & cheapest & easiest in the world I have seen in 3 years of searching ! It is / was - my plan B to the Philippines. Worse case is they may force it on me (us) if we don't have the $10,000 ? Many US expats are in Cambodia already -- some 250,000 have moved there this past decade - a combination of - teachers digital nomads and retired !!!
It was right there with the Philippines - before all this tourist visa BS - for my ideal retirement destination ! - NOW - it 'may' be # 1 ? > Is GREED perhaps entering the Philippine Govt. in trying to get more $10,000 deposits from many more expats ? Cambodia is quite happy to have your monthly expenditures - w/o demanding $10,000 more for the right to spend it there !!! --?--
We used JRC Consulting for my 13A visa, and what great service they provide! Making the trip from Southern Leyte to Cebu twice in a little over a months time was the only headache. They took care of everything and kept me well informed during the whole process. My final stamping of my passport with the 13A visa is scheduled for the beginning of next month. !!!-MABUHAY-!!!
Paul, I just wanted to thank you for the interview with JR Coca. I am moving to the Philippines next year and was confused about whether to apply for a 13a Visa before I leave or wait until I get there. I had an online consultation with JR and his assistant, Rica. It was great. JR provided me with the information I needed to make the right decision. I will be using his services when I arrive and would recommend him to anyone in a similar position.
The JRC staff in Dumaguete are GREAT. Professional, friendly, smart, helpful and prompt. They removed all the stress and worry from my 13a application process.
I totally agree. I'm very happy with JRC services. I made the application for my SRRV visa at their Dumaguete office 3 years ago. They are very professional. I still go there once a year to renew my SRRV card.
JR is the best, along with his great team. Joyce (Manila Branch) helped me along the way with my visa and I could not be happier. Great vlog as usual Paul! Best experience ever and I could not have done it without JRC
6 months ago I was able to get my 6 month renewal online. Then the changes prevented that. This also was my first extension past my first year here... and this flags your renewal for an in person renewal interview to determine your intentions. While I have a girlfriend, I am not married and I just told them... I am retired, on extended vacation, and am dating a filipina. They asked my girlfriend her name and phone and then approved the extension for 2 months. It looks like the first year of tourist visa time here is no different than before except only 2 months at a time... then at a year you need to "check in" in person.
I just renewed my tourist visa, my gf was with me, and they just asked her name, and they wrote it down...other than that it was the same as all my other extentions over the last 2 plus years.
Only thing in life that is constant is change. And after 70+ countries, always be respectful to immigration and customs people. Makes your life a LOT easier.
I agree with what you say but I often wonder why immigration officials on their part cannot be more welcoming to tourists and visitors. I found the Philippine immigration officers to be very officious and I have been to PI many times.
Soon as the wife gets her Filipino citizenship back and becomes a dual,,that will be our route for the spousal when we make our jump,,great video as always..
My wife never wanted my citizenship and I didn't even propose it to her, because I didn't care. Too costly and what advantage would she have from it? She's very proud of her citizenship and has no interest in getting another one. And I don't care about my own citizenship, it means nothing to me, just a tool to travel.
Another excellent video Paul. I'm a retired American living in Thailand and have all my stuff straightened away but it took some frustrating nights before you get comfortable and keyed in on how everything works. I hope your subscribers understand how great your videos are in dealing with these issues that I lost many nights of sleepover but eventually I did find a service that has helped me out and I've stuck with them for years now. Your visa guy to me seems like just a perfect fit for a person coming in and wanting to get settled in as a retiree. Thanks
A couple of observations. JRC is golden, they were so easy to work with and helpful. They made the process of getting my SRRV visa quick and easy. I will always return to them for any future needs. Not to be a Debbie Downer, but I do have two concerns about the new tourist visa enforcement though. As I understand it, the LTO (Land Transport Office) will no longer convert foreign driver's licenses for tourists. The issue revolves around the 6-month extension that essentially no longer is given. The LTO requires a 6-month visa extension, and a tourist can only obtain up to 2 months now. You can only legally drive or ride a motorcycle on a foreign license for up to 90 days. So, after 90 days on a tourist visa you may not be able to legally drive. The second concern is I have heard from multiple other expats that local banks will no longer open accounts for a tourist visa. There are a variety of ways to handle and transfer money, but if access to local banking is important that may become a big concern. I know the Philippines values it's expat tourism, and I'm sure these wrinkles will get sorted out.
Hi Paul. Great 👍 topic and thanks to you and JR for giving out great and important information to all of us and more importantly to expats and future expats like myself. I would say that most of the questions about this subject where answered in this video. Take care and keep up the great work to both you Paul and JR.
Are you sure about that? I did that for my partner for my insurance. However, the insurance company didn't accept her as beneficiary since there's no legal bond between us.
@@hansreynders6853I am having a lawyer arrange a document to submit my SRRV deposit to the Philippine Retirement Authority as a gift to the Philippine people upon my death. Help lift others up.
@@hansreynders6853 what insurance? Generally speaking, you can will your assets to anyone you want and the SRRV deposit is just a bank account in your name.
@@xpusostomos My Healthcare insurance which in case of no direct payment to a hospital works on reimbursement. I gave my partner power of attorney to handle all my insurance issues when needed including her being the beneficiary in case of reimbursement. They didn't accept her.
@@hansreynders6853 getting the money for your hospital bills has got nothing to do with willing money. And your partner should have used her power of attorney to put the money into your account and reimbursed herself from there.
Paul, this new Philippines VISA procedure it's a mix blessing to keep out all bad foreigners from live in the Philippines. I saw so many times bad foreigners acting up in the Philippines. Great warning. Great video.
Personally I really don't see how the new policy will keep out nad foreigners. Not at all. It will certainly keep out the good ones after all the bad ones are the minority. Its a pity as now I'll reconsider and I have a king term Filipina girlfriend here in Europe. Shell be sad. Perhaps now Thailand or Cambodia will be the option especially as its cheaper and then lots of cheap visits to see the family in Phils. The authorities should take into consideration that a lot if expats consider Phils as its viable to retire cost of living. Its a great place I hear but this might be a game changer for foreign income to change direction
Always be super kind to the people at immigration. I always smile at everyone who works at the Duma office. I am in the process of getting my DD 214 so I can switch to a SRRV.
That's why I am trying to get my Dd-214 apostilled in the U.S. before I return to the Philippines. Also the Background check, updated passport, and my deposit fees. That way the rest of the requirements can be done at the local level with the PRA. I just worry about the initial visa I would have to get before I can get the Acr card (to be able to open a bank acct there) and the SRRV visa arrives.
So much for the Philippines. I believe the Philippines have cut their throat and don’t even realize it because Expats are going to drop tremendously because we on social security income of $1,300-1,700 hundred per month cannot afford that kind of money. Social Security only goes so far. Business and the Philippine government will find a tremendous drop in expat income in reality is what the Philippines serves on.
I for one have changed my thoughts on the Philippines. The new visa policy sucks and it's getting too damn expensive. I believe Vietnam, Cambodia and Thailand are better alternatives 😏
I've been here over 2 years and you're not wrong. But I sure will take these problems over the problems in the US where I'm from. But there are probably better countries. Malaysia, Vietnam, and maybe Thailand on this side of the world.
Good Video/Interview Sir Paul. JRC has a lot of good information 👌. Also I read All of the comments on this issue. There is/was confusion when you said 10K to 20K. Could have mentioned that it was USD money, Not pesos.. I think a Lot or people will be rethinking the thought of retirement in the Philippines 🇵🇭 🤔. Keep the video's comin. Stay Safe 💕 💞 🙏 🙏
Thank you for clarifying that.I've been reading through the comments to try and find out if it was 10 to 20,000 U.S dollars or pesos. I still don't understand why you have to give them twenty thousand dollars for them to hold. I'm thinking that's a lot of money for most any retiree to give someone for them to keep as a deposit. And you might or might not ever get it back. If i'm still misunderstanding this please let me know.
I'm sorry but Pi doesn't offer much to be asking for all these things, I guess people will start looking into other places, and thailand is looking better with the new DTV.
Compared to other SE Asian nations, you may just find that the Philippine Immigrations is more foreign friendly than the others. It seems recently that many expats in Thailand were quite upset at immigration changes there and many chose to leave. The Philippines is an English speaking country, Christian nation with values close to mine, good people who know how respect others. I am very content here and feel a loyalty to this country.
@@L4P-Monk There are the medical and soft power options for the DTV. I’ve seen posts of people getting a DTV after signing up for a month of Muay Thai classes. I saw one lucky guy get a DTV after getting a series of appointments for Invisalign teeth straightening and a letter from the dentist. But I’ve seen very few of these successes and many digital nomad DTVs. Some retirees on O visas have expressed interest in doing what needs to be done for a DTV but I’ve not seen any follow through. What they will allow varies by consulate and you have to pay to before finding out if you are successful so that probably deters many applicants of this kind. It is also unknown what Thai immigration is going to require if you ask for an extension or return from a border run.
I survived just fine on living for 3 years from 2011 through all of 2013 on the Tourist visa. No one ever asked my intent on staying in the Philippines or asked me why I don’t get a more permanent visa. Seems times are sadly changing.
Excellent video and subject, Paul. It's nice to know that he has an office in Manila, which is where I'll be retiring to this next year. Kudos and thanks a lot, my friend. Say hello to Mae.
I have never been asked any questions at the Immigration office I just renewed Visa extension in August for 2 months, in Butuan city. I fill out the form hand it to employee they call my name. Show me how many pesos, I pay then they give me extension paper.
I've just renewed my visa in the last few days I am presently living in Lapulapu Cebu. I don't like applying on line. For anything and prefer to be face to face. St the moment I don't have sufficient funds to apply for any other visa other than tourist. I've been in the Philippines for more than 2 and a half years. When I went to the visa extension office a few days ago the application was no different to the one I have always filled out. No questions and took 30 minutes to walk out with a 2 month extension.
Thank you Paul and JR, fantastic information here. I may need your services when my wife and I retire to the Philippines from Australia in a few years. Keep up the good work!
I know, right? Paul has very cleverly strung up an ever-widening circle of crazy people and feed us from time to time these goofy little videos .... VERY INTERESTING😂😂😂
My biggest concern would be the need of an exit certificate once you stayed for 6 months. What if you're falsely accused of e.g. not having paid your rent or whatever?
I'm coming to the philippines in november. I'm a former navy person and plan on living there for quite a while. So, as being 74, I qualify for the 1500 usd visa. If I try to do it myself, how difficult is it, and what does JR charge to do it for you. Unfortunately, I've had a very difficult last 10 yrs, lost my business, went bankrupt, took care of my brother, when he passed, I had to take care of all the financial issues, and financially helped my son relocate to a larger home due to the size of his family. I only have about 10k left, so budgeting is a must. I do get SS monthly, and my budget will be 1500 usd per month.
1500 dollars budget for a modest living in the Philippines is enough. Don't be extravagant, and you will find it that you can actually save some money in the long run. Just saying.
@@Nortzzzz If you live by yourself it is easy to live on 8 or 9 hundred usd per month, living with a girl will add 3 or 4 hundred at least. Better to find a gf that works.
The issue at your age is not money, it is old age. If you develop a medical crisis there would be none to take care of you. Here everything depends on having family. At your age any girl that wants you will want you for your money. In a medical emergency if she has access to your ATM password or your money, she or her family will strip you dry . My recommendation is you stay in the USA where the infrastructure is so set up that people can actually live alone. In the Midwest 1500 dollars is doable.
This is pretty standard. Countries that want foreigners have easy visas. As the country becomes more wealthy the visas get more restrictive. This is why I've always thought it strange that expat Tubers talk like nothing will ever change. I hear very little, nothing really, about a plan B.
Cambodia will probably become a lot of people’s plan B if they want to stay in the region, especially if they’re 55+. Easiest retirement of all and if you choose your location wisely, a more than decent alternative especially compared to the Philippines.
Just got an extension here in Bacolod today . Took 10 min and no problem at all . I even asked if I had to do the interview and they said you have all you paperwork in order so no need to. Guess what if you have your things in order and you don’t show up looking like you just left the bar you will be fine
There is one thing that seems to be contradictory in the US$20,000 bank deposit for a returement fee. The Philippine government guarantees bank accounts only up to P500,000 (US$8,803). This leads to another question. What if the bank in which we deposit the US$20,000 goes belly up and we loose the deposit?
@@xpusostomos I lost money in Equitable when it failed. But the question is, of by bank failure we loose that deposit, will immigration ask us to deposit again?
I think the PRA has a list of Banks that can be used for the deposit. Also I think the type of account will be specific for SRRV holders because I don’t think you can touch the funds while you are on the SRRV.
Hi there Seems like a genuinely nice guy , hope his business continues to prosper, I’m in Thailand and as you know things are different here but phillipinnes seems to be changing to a similar system in Thailand, Regards Davy 🏴🇹🇭
The danger of the srrv deposits are you WILL not get it back i guarantee you give ANY money to any filipino downpayments, security deposits, etc. and it is gone they will spend it soon as they get it i hate to say it but i hear guys have still been waiting on their srrv deposits as far back as when it was $50k for deposit even if you try legal actions nothing will happen it will set in the legal system till you just forget it and walk away that's what they want you to do
Why let them hold 20k at 0 interest ? Plus im sure that all Philippines banks are insured up to only 10k , so if something happens and the bank gets robbed or goes belly up youll lose half of your money , id rather use an investment firm showing me gains and keep the visas simple,but thats just me .
@@billaswangkapre1656 Philippines Banks Are insured up to 500,000php by the BSP. #2 if you DEPOSIT IN BDO,BPI ,LANDBANK. At least those 3 , chances of closing is Basically ZERO,. Although I didn't srv was told the BI will provide a list of the preferred Banks.
What i don't understand is all I hear about is how difficult it is to open a bank account in the Philippines . So how can I deposit if they won't let me open one ? Do I have to payoff the bank people to get it done ? It seems the whole country is corrupt and the people live worse than livestock. The money that comes into that country is huge but where does it all go ? The infrastructure is pathetic, everything fails. The place looks like its in ruins. The buildings crumbling, sidewalks with holes to fall into, no traffic control and practically no sanitation. They can't even afford toilet paper in public (scary) restrooms. The money we spend all goes into corruption and nothing much to help the citizens with their pitifall, hand to mouth existence. There are a few decent cities and areas in the country, but most of it is a toilet that is overflowing and needs to be flushed. Tourism pays the bills and now they want to screw with that. Are they really that stupid ? That's truly debatable in my opinion. Pay the larger amount for Thailand. It's a FAR superior place to enjoy. IMO.
I’ve been married to a Filipina for 8 years,and everything you said is true. the Philippines are notorious for making things more difficult, not easier when it comes to immigration issues 😆😆😆 if I wasn’t married to my wife, and had a small house there , I would have ditched the Philippines for Thailand or Vietnam long ago.. 😂😂 only bright spot for me is the people in my circle there are very nice, the immigration and people in power are corrupt imo..
From what I've read 40% of the building projects budgets goes into the politicians pockets. The engineers then have to build it for 60% of the approved budget which results in poor quality materials leading to everything falling apart a few years after it was built... welcome to the faillipines
I arranged my deposit with the Philippines Retiement Authority in about 15 minutes using Wise to wire funds from one of my US banks. That included opening a Wise account and figuring out how to do it. Easy, peasy.
I was told you have to get acr card after 3 months staying in Phillipines then you can open bank account after staying in Phillipines a year, thats what BDO bank told me
I just got my SRRV Visa, former US Air Force. It cost $1,400 as an application fee then opening a Bank account for the $1,500. That deposit is refundable if you pull out. It can also be used as an investment.
I heard some bloggers say that $20K, $10K USD is not refundable when you apply for those visas even if you decide to cancel. Don’t know how true that is, but I feel losing that kind of loot isn’t worth the gamble. As some have said already, all it takes is a few abusers to spoil it for everyone. And that’s why we’re seeing this change. 👎
Then that's cool. If you want to run your life based on what bloggers say and not reality then I think PH would probably be OK with you going elsewhere.
Too expensive for many who are spending their monthly incomes already and don't have the $10,000 they apparently want ! ---- "people go where they are treated best" - and I think the Philippine Govt. knows that ? > So until they begin to refuse renewals of the tourist visas to retired US expats - life is seemingly the same as it's been - only with more questions (?) - and - with the attempts to extract $10,000 from wherever they can get it ? - - - Otherwise - we take our 'monthly incomes' -- 'to spend' -- in Cambodia for example ? > They are quite happy - with that - and won't ask for - or demand - '''another''' - $10,000 - for the privilege !!!
@@KB3TLE the Philippines government doesn't get the $10k, is a security deposit you keep in your bank in your name. And the department that oversees that is quite separate to the regular immigration. So it's hardly some conspiracy to get your 10k.
Paul valuable information indeed. I was a bit spooked about returning next month. I do 6 months out the year in the 🇵🇭 each year. I’ve never experienced any problems at immigration renewing my tourist visa. But there was so much misinformation going around I was having second thoughts. However thanks to my own research and guys like you giving valid information I’ll be returning. Thanks for sharing this Paul very much appreciated 👌🏾!
I really think if planning to move to the PI or Thailand you should be planning for 10k in the PI or 24k deposit in Thailand. I know there are and always have been workarounds but if still in the planning stage and able to save just stashing the money in a US account incase the rules change in the future is a good plan. All these countries seem to be tightening the loopholes and IMO planning so that your future is dependent on a loophole is a poor plan.
Easiest retirement visa possible you can get in Cambodia. Go to an agency, give them your passport showing that you are over 55 years of age, you get a one year retirement visa immediately. It is renewable annually, multiple entry, you come and go as you please. You pay approx.290 US $ plus fees per year. Of course, you can do it on your own if you don't mind the waiting and filling out forms. Best office is in AEON mall 2 in the SenSok area of Phnom Penh. No deposit, no questions about pension or any incoming money. All your business. Don't forget that the country is dollarized, so no money exchange for people from the US. You just pay in dollars wherever you go. Expect to get change in Riel for small amount, though. This is just to give you a perspective about what is available, nothing could be further from my mind than discouraging anybody to go settle in the Philippines. I've been to both countries, I love both. They each have a slightly different flavor and culture to them, both have the nicest people I have encountered. 😊
@@mick-berry5331 That is my "other" choice - as an old retired US citizen looking for an alternative to Biden's (inflation riddled) America !!! About 3 years looking & Cambodia is the easiest of all. Many more fellow expat Americans in the Philippines for company. --- I'm unable to do the $10,000 or the $20,000 - so I guess 'they' (the Philippines) would have to decide if they want my $1500/mo. until I die - (?) - or send me --&-- my money to Cambodia ? 🤔
Hello Paul, very good and informative video. I think for me the 13a visa will be better. I will contact HR in the future after I’m there for at least 6 months😁 Steve
I prefer to use a gentleman like your guest. Private help is better than public help. In the words of Reagan I’m from the government and I am here to help. Definitely scary words.
Paul I went today, 9/10/2024, to my local satellite office here in Pangasinan, Luzon and I was in and out in 30 minutes. Only had to sign two pieces of paper and pay almost 6500 PHP to get my two month extension and a new one year ACR1 card. No interview of any kind. The only thing I don’t like is I had to pay 1500 PHP in express fees, which they don’t ask you if you want to pay, they just charge you. I look at it like an ATM fee. You can say no I don’t want to pay it, but you’re not gonna get your money.
Ask the guy a question then leads him on the answer using language the guy probably doesn't even understand so answers with, "Yes". Seen it time and time again with foreigners in SE Asia. Ask using the most simple vocabulary, be quiet, listening closely for the answer to confirm they understood the question.
Hi Paul. Love JRC, dealt with them in Duma and now they handle all my extensions in Cebu. My passport stays with them and they call me a week before renewal is due. I go in pay the cash and it's all done. The staff in the Cebu office are so friendly and efficient. Cheers
JRC just suspended by the PRA for 90 days for charging applicants fees they were not authorized to do. Should vet people you have on your channel and endorse
For the SSRV, what is the purpose of giving the Philippine’s Bureau of Immigration of the $20K or $10K deposit? For many retired people, that significant deposit could certainly help to pay for their cost of living in the Philippines.
exactly. just guessing, but the majority of expats on the bottom line can't afford to give the philippine govt taht $10,000 and then not have access to it if needed. they make more money off of your money.
@@bikerpeople548 If that is big money at retirement age to an American, they have certainly failed themselves. The exceptions are drug addict, compulsive gambler, lazy, mental health and or just plan cognitively compromised. I could go on and on, but that is nothing for a retiree from USA.
@@bikerpeople548 Yah, I still don’t see how they can justify such a high deposit of $20K for applicants that don’t have a pension. Also, if you decide to leave the Philippines, the money is not returned right away. I’ve heard it can take up to 6 months to have the deposit returned. So the deposit can’t be used to pay for travel expenses back to your home country unless cancelling the SSRV 6+ months in advance of your desired return date. But, a much sooner return date may be desired for various reasons such as health or a family matter, etc. The Bureau of Immigration should pay us a $20K deposit since we are contributing to the economy. When and if we decide to leave, we can take 6 months to return it and we can collect the interest on the investment and not pay back the interest.
Way to go to do such a great job JRC! When you say 20,000 do you mean USD or do you mean Phillipine paso? Thank you gentlemen for this informative video. LOVE FROM IOWA! 😊❤❤❤
If I am right the tourist visa runs about 500 dollars a year. Unless you're a military retiree the SRRV requires 10000 dollar deposit and some other requirements at age 50. You could do the tourist visa for 20 years and break even. Without the medical exams and proof of income and the hassles of the srrv visa.
Tourist visa cost about 375-400 USD per year (including the $50 ACR card ). SRRV for retired Military (with pension over 1000 USD per month) cost as little as 3000 USD (1500 deposit+ 1500 application fees) and then 10 USD per year for renewal of SRRV card every year.
No because there's a $350 or so fee per year for maintaining SRRV, not mention the thousands for enrolling and $20k deposit, which is roughly the same as a tourist visa. There's no real incentive for SRRV.
Correct, unless PH starts enforcing their visa laws. The PH tourist visa is super easy and cheap because PH wants tourists. But if you're not a tourist then by PH law you have no right to a tourist visa. It's against PH law to retire in PH on a tourist visa. This is what the video was about. The PH gov reminding immigration officers to enforce the existing laws more strictly. So far I haven't heard of tourist visas being denied, but that could start. Currently officers are sometimes asking questions and suggesting an applicant should be on a marriage or retirement visa. Tubers have been saying for years you can stay in PH forever on a tourist visa, but that never made it true.
@@xpusostomos .,., If there is a $350 fee per year to maintain SRRV, then why do SRRV at all, if regular tourist extension is 375-400 USD per year? there are 3 types of SRRV. 1). You're not prior Military, so it requires 20K USD for deposit.2). You're prior Military and getting at least 800 USD per month pension and DD-214 honorable discharge, then it's 10K USD deposit to get SRRV. 3) Special courtesy for Military with at least 1K per month pension and a DD-214 with honorable discharge, then it's 3000 USD (1500 deposit/1500 application fee). Do your research please. The fee per year is about 500 pesos for the yearly SRRV card renewal.
@@waterbug1135 ,., You can stay in The Philippines for 3 Years (36 months) consecutive before you have to leave for 24 hours, then return on a tourist for another 3 years stay consecutively.
JRC the king of visa processing😊
JRC is a nice option, But if you have the time ( about 3 hours or so), Then do it yourself and save that money for a nice steak dinner with your favorite Filipina.
@@jonross8925 so you’re saying that JRC only charges around $40? 🤔🤷♂️ what’s the big deal?
I bought a visa on eBay and it worked I’m good 👍🏼
Why these guys use places like this and waste their money do it yourself it's not hard at all and most of the time i am in and out in one hour
@@jonross8925 If he's no more costly than a single nice dinner, I'd rather have the local expert in my corner and make sure there's no misunderstandings or avoidable hiccups.
Thank God that Cambodia has the 6 month visa that can be extended indefinetely. Tons of foreigners are having babies with the Cambodian women and building a warm family. Life is great! If Philippines makes life stressful for foreigners Cambodia has her arms wide open for everyone!
@@MyLifeThai371
And they have one year visa too.
That’s why I’m moving to Cambodia in December less of a headache?
LOL Cambodia woman are the biggest scammers and liars you will support her whole family and her secret khmer husband which you don't know about, i lived there 7 years they all the same just after your money
Pls chat me, I am almost 80
Alright then! Cambodia can have them 🎉
Nice work Paul, thanks for being a great resource for expats in the Philippines.
Thank you Paul. I have watched all the other channels about this and they are so vague in communicating. This is very clear. I am very grateful. I have used JRC service and it was seemless. I would use them again. I think why there is so much anxiety or concern around this issue is the communication from others is very vague. He was clear and made me feel clear. I like the Phillipines but prefer Vietnam. That’s my home base as a SE Asian slow traveler. I’m very happy and mostly very safe and peaceful there. The people are the best
I am going to Kuching Malaysia on Borneo, dirt cheap, better food and you just need proof of income for retirement visa. but on the main island you have to have $150,000 deposit
I’m with you bro. Vagabond Awake led me to that alternative. Good thinking. We have great alternatives.
Great video, Paul. JR seems like a great young man, and we're fortunate that he's available to help us. Thanks Paul!
Some absolute pearls of information there, thank you Paul & JR!! It's also heartwarming to see someone diligent and hard-working, growing a quality business. If I should ever need help with my visas JR is the first person I will turn to.
Great video..............simple and direct. Foreigners turning to this organization would definitely remove any stress associated with starting a new life in the beautiful Philippines.
Another great informative video!
Salamat to JRC and you Paul
Thanks for the update, Paul, JR is the man with the information, and you can't go wrong with his advice. His smile and attitude are what the Philippines is all about! Thanks for sharing!
I'm gonna go straight to see JR when I get there... Well worth no headaches... Thanks Paul...
👍👍❤❤
Thank goodness I already planned my trip earlier this year and avoided this process. I must admit, I really enjoyed the Philippines, but I have no desire to relocate permanently there. At my age I would never be comfortable with the medical, food and lack of infrastructure I worked hard all my life to have the comforts I enjoy in the U.S and would never ever consider trading that in. The young ladies are beautiful and very friendly, and I must admit, I was a bit shy at first because it's not something you see in the U.S, and it's a bit of a culture shock in a good way. For those of you planning on traveling to this beautiful country, keep in mind these people struggle to survive so treat them with respect and if you can afford to tip them, please do. These people were some of the nicest people I ever met
Here's a tip: Never eat yellow snow or eat wooden nickels. Who are you tell/ask people to tip since it's only American thing. Leave your habits back home Nimrods.
Great comment sir.
Dude, nothing has changed for people coming to the PH for the first time, and it was even said the issue comes up after you've been there for over a year.
And this is where it STILL isn't an issue, because it's not. At no point is there a REQUIREMENT for a person to get a retirement VISA or spouse VISA. In fact if you told them the very thing you said in your comment, as in you've been there for over a year and are applying again for a new tourist VISA, I'm sure the response of the officer would be to issue you a new VISA because it's an honest answer. If I say I don't want to commit to living there but would like to stay for a few more months I'm sure I'd get the tourist VISA. Now, if you go apply a third time, having mostly been in the PH THEN they're going to start saying you aren't acting like a tourist.
NONE of this is about getting that first tourist VISA, and if they ask a couple questions so what? Is it hard to answer questions?
Next, if you get a retirement VISA that doesn't mean you HAVE to be pinned to one location. Try reading about it. It also doesn't mean you're forced to stay in the PH. You can come and go, but if you actually read about it you'd know that. I imagine if you left and stayed out of the country for a few years they'd revoke it and that would be their right.
I plan to retire there and to me that's the most sensible thing to do and it's much easier than a tourist VISA.
Try Cebu I love it here.
@@johndoh5182 Thanks John for sharing, I truly appreciate it and wish you the very best in your journey in life
280. 00 dollars retirement visa cambodia no questions asked just renew it every year. as long as your 55 or over
That's right. > Best & cheapest & easiest in the world I have seen in 3 years of searching ! It is / was - my plan B to the Philippines. Worse case is they may force it on me (us) if we don't have the $10,000 ? Many US expats are in Cambodia already -- some 250,000 have moved there this past decade - a combination of - teachers digital nomads and retired !!!
Hi Stevie, could you send me info regarding Cambodia? Is it as safe as the Philippines? How is their infrastructure? Overall cost of living etc...
@@Philippinegodfather Cambodia is quickly becoming the new pearl of SE Asia. Positive things are happening there.
@@garyzies3486 I'm going to have to seriously research Cambodia...Love to hear more about it.
It was right there with the Philippines - before all this tourist visa BS - for my ideal retirement destination ! - NOW - it 'may' be # 1 ? > Is GREED perhaps entering the Philippine Govt. in trying to get more $10,000 deposits from many more expats ? Cambodia is quite happy to have your monthly expenditures - w/o demanding $10,000 more for the right to spend it there !!! --?--
Brilliant video thank you. Best of life to you JR
We used JRC Consulting for my 13A visa, and what great service they provide! Making the trip from Southern Leyte to Cebu twice in a little over a months time was the only headache. They took care of everything and kept me well informed during the whole process. My final stamping of my passport with the 13A visa is scheduled for the beginning of next month. !!!-MABUHAY-!!!
Thank you very much Paul an d JR.
A very informative video.
Paul, I just wanted to thank you for the interview with JR Coca. I am moving to the Philippines next year and was confused about whether to apply for a 13a Visa before I leave or wait until I get there. I had an online consultation with JR and his assistant, Rica. It was great. JR provided me with the information I needed to make the right decision. I will be using his services when I arrive and would recommend him to anyone in a similar position.
JRC is a fantastic company, made the entire process of staying a year very stress free. Absolutely a great group of people!
The JRC staff in Dumaguete are GREAT. Professional, friendly, smart, helpful and prompt. They removed all the stress and worry from my 13a application process.
@@elisa2644 you left out that price for the “Professional, friendly, smart, support” u received..how much was that again?
I totally agree. I'm very happy with JRC services. I made the application for my SRRV visa at their Dumaguete office 3 years ago. They are very professional. I still go there once a year to renew my SRRV card.
I was in my bed with a health problem and the employees of JRC came in my house for my SRRV. Thanks to them.
Yeah and they do it all for free.
Been coming and going for 20 years with no problem!
But it's new rules now
Just like in investing past performance doesn't guarantee future results
Thats the seccret... visit but leave.
Great interview And reporting Paul. Great on good topic mate.
Great content. Nice guide...to get into the Philippines legally.
just renewed today, as I'm less than one year there were no changes no questions.
I am here 1 year and 9 months and the tourist visa renewal went very smoothly
JR is the best, along with his great team. Joyce (Manila Branch) helped me along the way with my visa and I could not be happier.
Great vlog as usual Paul!
Best experience ever and I could not have done it without JRC
6 months ago I was able to get my 6 month renewal online. Then the changes prevented that. This also was my first extension past my first year here... and this flags your renewal for an in person renewal interview to determine your intentions. While I have a girlfriend, I am not married and I just told them... I am retired, on extended vacation, and am dating a filipina. They asked my girlfriend her name and phone and then approved the extension for 2 months. It looks like the first year of tourist visa time here is no different than before except only 2 months at a time... then at a year you need to "check in" in person.
I just renewed my tourist visa, my gf was with me, and they just asked her name, and they wrote it down...other than that it was the same as all my other extentions over the last 2 plus years.
Only thing in life that is constant is change.
And after 70+ countries, always be respectful to immigration and customs people. Makes your life a LOT easier.
@@commonsense6534 Always be kind entering a new country including the coyotes that are getting you into the usa or you may get real hurt
I agree with what you say but I often wonder why immigration officials on their part cannot be more welcoming to tourists and visitors. I found the Philippine immigration officers to be very officious and I have been to PI many times.
As an American I ask myself why I went where we are despised. [China]
6 minutes in and we finally hear from your guest! LOL
thank's. i wondered when it would happen.
Soon as the wife gets her Filipino citizenship back and becomes a dual,,that will be our route for the spousal when we make our jump,,great video as always..
Thank you for being married and keeping within the bounds of the laws of the Philippines.
Your example is important.
My wife never wanted my citizenship and I didn't even propose it to her, because I didn't care. Too costly and what advantage would she have from it? She's very proud of her citizenship and has no interest in getting another one. And I don't care about my own citizenship, it means nothing to me, just a tool to travel.
Another excellent video Paul. I'm a retired American living in Thailand and have all my stuff straightened away but it took some frustrating nights before you get comfortable and keyed in on how everything works. I hope your subscribers understand how great your videos are in dealing with these issues that I lost many nights of sleepover but eventually I did find a service that has helped me out and I've stuck with them for years now. Your visa guy to me seems like just a perfect fit for a person coming in and wanting to get settled in as a retiree. Thanks
A couple of observations. JRC is golden, they were so easy to work with and helpful. They made the process of getting my SRRV visa quick and easy. I will always return to them for any future needs.
Not to be a Debbie Downer, but I do have two concerns about the new tourist visa enforcement though. As I understand it, the LTO (Land Transport Office) will no longer convert foreign driver's licenses for tourists. The issue revolves around the 6-month extension that essentially no longer is given. The LTO requires a 6-month visa extension, and a tourist can only obtain up to 2 months now. You can only legally drive or ride a motorcycle on a foreign license for up to 90 days. So, after 90 days on a tourist visa you may not be able to legally drive.
The second concern is I have heard from multiple other expats that local banks will no longer open accounts for a tourist visa. There are a variety of ways to handle and transfer money, but if access to local banking is important that may become a big concern.
I know the Philippines values it's expat tourism, and I'm sure these wrinkles will get sorted out.
I just opened a dollar account at the BDO office. I needed my ACR card for that, and valid visa (I had a tourist visa)
JR is really the go to guy:)
Good one Paul I’ve been in they are a well oiled process.
Hi Paul.
Great 👍 topic and thanks to you and JR for giving out great and important information to all of us and more importantly to expats and future expats like myself.
I would say that most of the questions about this subject where answered in this video.
Take care and keep up the great work to both you Paul and JR.
Paul I just wanted to add that you can make a will to name a beneficiary to inherit your SRRV deposit upon your passing away.
Are you sure about that? I did that for my partner for my insurance. However, the insurance company didn't accept her as beneficiary since there's no legal bond between us.
@@hansreynders6853I am having a lawyer arrange a document to submit my SRRV deposit to the Philippine Retirement Authority as a gift to the Philippine people upon my death. Help lift others up.
@@hansreynders6853 what insurance? Generally speaking, you can will your assets to anyone you want and the SRRV deposit is just a bank account in your name.
@@xpusostomos My Healthcare insurance which in case of no direct payment to a hospital works on reimbursement. I gave my partner power of attorney to handle all my insurance issues when needed including her being the beneficiary in case of reimbursement. They didn't accept her.
@@hansreynders6853 getting the money for your hospital bills has got nothing to do with willing money. And your partner should have used her power of attorney to put the money into your account and reimbursed herself from there.
Paul, this new Philippines VISA procedure it's a mix blessing to keep out all bad foreigners from live in the Philippines. I saw so many times bad foreigners acting up in the Philippines. Great warning. Great video.
Many live there on a retirement visa too, PH is a magnet for bad expats. Been to 26 countries, PH seems to get the lowest level expats in many cases.
Personally I really don't see how the new policy will keep out nad foreigners. Not at all. It will certainly keep out the good ones after all the bad ones are the minority. Its a pity as now I'll reconsider and I have a king term Filipina girlfriend here in Europe. Shell be sad. Perhaps now Thailand or Cambodia will be the option especially as its cheaper and then lots of cheap visits to see the family in Phils. The authorities should take into consideration that a lot if expats consider Phils as its viable to retire cost of living. Its a great place I hear but this might be a game changer for foreign income to change direction
Great Video Paul And JR ! Thank You ! I Hope Both Of You Have A Great Night ! Ingat 🙂🙂🙂🙏🙏🙏💯💯💯
Good interview folks
Always be super kind to the people at immigration. I always smile at everyone who works at the Duma office. I am in the process of getting my DD 214 so I can switch to a SRRV.
To bad they moved it from 35 to 50. Thank you China, that's a great way for a younger vet to be able to save a ton of cash and not get married.
@@soulbreakerthelastmanalive
@1307scooter All, thank you for your service.
That's why I am trying to get my Dd-214 apostilled in the U.S. before I return to the Philippines. Also the Background check, updated passport, and my deposit fees. That way the rest of the requirements can be done at the local level with the PRA. I just worry about the initial visa I would have to get before I can get the Acr card (to be able to open a bank acct there) and the SRRV visa arrives.
@@johnnyg7899 the vet retirement is a really good deal
What are both a "DD 214" or "SSRV"? I'm just in the early stages of thinking of retiring there.
Great video Paul.
So much for the Philippines. I believe the Philippines have cut their throat and don’t even realize it because Expats are going to drop tremendously because we on social security income of $1,300-1,700 hundred per month cannot afford that kind of money. Social Security only goes so far. Business and the Philippine government will find a tremendous drop in expat income in reality is what the Philippines serves on.
Which expats?- every country is different
Very informative video! Thanks guys
who would borrow money from friends to get 10k just to come to the RP, are you crazy
100% agree… that was a really lame argument on JR’s part: if you ain’t got it, borrowed from friends and family who do! WTF BRO⁉️😡
It happens a lot with young backpacker tourists.
@@robertdavis7312 10k to come to the Philippines FOREVER... And you can get the money back .. that's hardly "crazy"
@@llothar68 then the young backpacker would have to pay the $20,000 amount not the $10,000
Nice to see some very useful video...THANKS to you Paul and to your friend.
I for one have changed my thoughts on the Philippines. The new visa policy sucks and it's getting too damn expensive. I believe Vietnam, Cambodia and Thailand are better alternatives 😏
You are absolutely correct
good choice Frank
Thailands visa process is a nightmare and costs 800k or around 26k U.S. or a monthly deposit of 67k or $2333.00 so that will not be an option
Especially if you don’t have enough for a 10k PI visa
@@k9companion231 I'm over 50 🤔
Good info. My ears are loving the construction ambience as well 🙂
I will stay in USA🇺🇸🤝🇵🇭 Thanks for the tip. Much respect.
Great information Paul..thanks for clearing things up
I've been here for 2 months and ready to leave. You'll have 99 problems but a visa extension ain't one.
I've been here over 2 years and you're not wrong. But I sure will take these problems over the problems in the US where I'm from. But there are probably better countries. Malaysia, Vietnam, and maybe Thailand on this side of the world.
@jeremysautomobile Thailand is my next stop for sure. Education visa, muay thai visa, so many options. Doing a recon trip next month.
Thank you for sharing this information.
Good Video/Interview Sir Paul. JRC has a lot of good information 👌. Also I read All of the comments on this issue. There is/was confusion when you said 10K to 20K. Could have mentioned that it was USD money, Not pesos.. I think a Lot or people will be rethinking the thought of retirement in the Philippines 🇵🇭 🤔.
Keep the video's comin.
Stay Safe 💕 💞 🙏 🙏
Money that you will never see again if the bank goes under or the govt does.
Thank you for clarifying that.I've been reading through the comments to try and find out if it was 10 to 20,000 U.S dollars or pesos. I still don't understand why you have to give them twenty thousand dollars for them to hold. I'm thinking that's a lot of money for most any retiree to give someone for them to keep as a deposit. And you might or might not ever get it back. If i'm still misunderstanding this please let me know.
@@barryschaffer2825 AGREED 👍
Very good video. Thank you Paul and JRC for the information.
I'm sorry but Pi doesn't offer much to be asking for all these things, I guess people will start looking into other places, and thailand is looking better with the new DTV.
Compared to other SE Asian nations, you may just find that the Philippine Immigrations is more foreign friendly than the others. It seems recently that many expats in Thailand were quite upset at immigration changes there and many chose to leave.
The Philippines is an English speaking country, Christian nation with values close to mine, good people who know how respect others. I am very content here and feel a loyalty to this country.
People have been considering their options for decades.
The DTV seems to be great for digital nomads. It’s not quite clear how good it will be for retirees.
@@martypoll The DTV is not for retirees at all. It is very clear. You have to have income from a company. Retirees do not have that.
@@L4P-Monk There are the medical and soft power options for the DTV. I’ve seen posts of people getting a DTV after signing up for a month of Muay Thai classes. I saw one lucky guy get a DTV after getting a series of appointments for Invisalign teeth straightening and a letter from the dentist. But I’ve seen very few of these successes and many digital nomad DTVs. Some retirees on O visas have expressed interest in doing what needs to be done for a DTV but I’ve not seen any follow through.
What they will allow varies by consulate and you have to pay to before finding out if you are successful so that probably deters many applicants of this kind. It is also unknown what Thai immigration is going to require if you ask for an extension or return from a border run.
Both you guys are as clear as mud.
I survived just fine on living for 3 years from 2011 through all of 2013 on the Tourist visa. No one ever asked my intent on staying in the Philippines or asked me why I don’t get a more permanent visa. Seems times are sadly changing.
Great video. Definitely answered some questions. 👍
Thank you Paul and JR. Awesome Video
Excellent video and subject, Paul. It's nice to know that he has an office in Manila, which is where I'll be retiring to this next year. Kudos and thanks a lot, my friend. Say hello to Mae.
I have never been asked any questions at the Immigration office I just renewed Visa extension in August for 2 months, in Butuan city. I fill out the form hand it to employee they call my name. Show me how many pesos, I pay then they give me extension paper.
Nice to know. But did they change the rules after you renewed in August?
I’ve just contacted jrc Paul,
@@Spirituallyguideme contact Mary Rose and she will do the same job as JRC but for FREE!!
Getting so close to 100K. How exciting!
Paul, last time I tried online, it said not Authorized.
I've just renewed my visa in the last few days I am presently living in Lapulapu Cebu. I don't like applying on line. For anything and prefer to be face to face. St the moment I don't have sufficient funds to apply for any other visa other than tourist. I've been in the Philippines for more than 2 and a half years. When I went to the visa extension office a few days ago the application was no different to the one I have always filled out. No questions and took 30 minutes to walk out with a 2 month extension.
Why only a two month extention?
thank god,
i hope they dont make us feel threatened to tear apart families with the rumors of drastic changes everybody keeps posting about.
Thank you Paul and JR, fantastic information here. I may need your services when my wife and I retire to the Philippines from Australia in a few years. Keep up the good work!
Just woke up and making coffee, can’t think of anything better than a goofy little video made for crazy people 😅
I know, right? Paul has very cleverly strung up an ever-widening circle of crazy people and feed us from time to time these goofy little videos .... VERY INTERESTING😂😂😂
One of your very best videos. That 3 month mark lets you know if you should stay or think about going.
My biggest concern would be the need of an exit certificate once you stayed for 6 months. What if you're falsely accused of e.g. not having paid your rent or whatever?
I'm coming to the philippines in november. I'm a former navy person and plan on living there for quite a while. So, as being 74, I qualify for the 1500 usd visa. If I try to do it myself, how difficult is it, and what does JR charge to do it for you. Unfortunately, I've had a very difficult last 10 yrs, lost my business, went bankrupt, took care of my brother, when he passed, I had to take care of all the financial issues, and financially helped my son relocate to a larger home due to the size of his family. I only have about 10k left, so budgeting is a must. I do get SS monthly, and my budget will be 1500 usd per month.
1500 dollars budget for a modest living in the Philippines is enough. Don't be extravagant, and you will find it that you can actually save some money in the long run. Just saying.
@@Nortzzzz If you live by yourself it is easy to live on 8 or 9 hundred usd per month, living with a girl will add 3 or 4 hundred at least. Better to find a gf that works.
@@todd7756 find a girl that knows how to do business. Believe me. You won't be living hard. 😂
The issue at your age is not money, it is old age.
If you develop a medical crisis there would be none to take care of you. Here everything depends on having family.
At your age any girl that wants you will want you for your money. In a medical emergency if she has access to your ATM password or your money, she or her family will strip you dry .
My recommendation is you stay in the USA where the infrastructure is so set up that people can actually live alone.
In the Midwest 1500 dollars is doable.
@@SatyendraSunkavally Who Hurt You?
This is pretty standard. Countries that want foreigners have easy visas. As the country becomes more wealthy the visas get more restrictive. This is why I've always thought it strange that expat Tubers talk like nothing will ever change. I hear very little, nothing really, about a plan B.
Cambodia will probably become a lot of people’s plan B if they want to stay in the region, especially if they’re 55+. Easiest retirement of all and if you choose your location wisely, a more than decent alternative especially compared to the Philippines.
Cambodia is a cheap plan B - if your 55 or older !
Just got an extension here in Bacolod today . Took 10 min and no problem at all . I even asked if I had to do the interview and they said you have all you paperwork in order so no need to. Guess what if you have your things in order and you don’t show up looking like you just left the bar you will be fine
There is one thing that seems to be contradictory in the US$20,000 bank deposit for a returement fee. The Philippine government guarantees bank accounts only up to P500,000 (US$8,803).
This leads to another question. What if the bank in which we deposit the US$20,000 goes belly up and we loose the deposit?
Then you lost it. But these banks are too big to fail.
@@xpusostomos I lost money in Equitable when it failed.
But the question is, of by bank failure we loose that deposit, will immigration ask us to deposit again?
You can choose a big international bank like HSBC. Most unlikely to have any problems.
I think the PRA has a list of Banks that can be used for the deposit. Also I think the type of account will be specific for SRRV holders because I don’t think you can touch the funds while you are on the SRRV.
Which are the safest to put my visa money in?@@xpusostomos
Hi there
Seems like a genuinely nice guy , hope his business continues to prosper, I’m in Thailand and as you know things are different here but phillipinnes seems to be changing to a similar system in Thailand,
Regards Davy 🏴🇹🇭
The danger of the srrv deposits are you WILL not get it back i guarantee you give ANY money to any filipino downpayments, security deposits, etc. and it is gone they will spend it soon as they get it i hate to say it but i hear guys have still been waiting on their srrv deposits as far back as when it was $50k for deposit even if you try legal actions nothing will happen it will set in the legal system till you just forget it and walk away that's what they want you to do
👍
Good video and the bank fees super suck!
Why let them hold 20k at 0 interest ? Plus im sure that all Philippines banks are insured up to only 10k , so if something happens and the bank gets robbed or goes belly up youll lose half of your money , id rather use an investment firm showing me gains and keep the visas simple,but thats just me .
@@billaswangkapre1656 Philippines Banks Are insured up to 500,000php by the BSP.
#2 if you DEPOSIT IN BDO,BPI ,LANDBANK. At least those 3 , chances of closing is Basically ZERO,.
Although I didn't srv was told the BI will provide a list of the preferred Banks.
Preach brother!!! I’m an investor and we think the same way! 🤔😳😡
Good to see 👀ya again 🌴 J R C ! 🌴
🌴 Paul , how do ! 🌴🤠🥳. . . .👍
me i,m thinking very serious leaving the philippines
Good, this is a FREEd country. Go to Russia, Putin needs people like you.
Super.
Bye bye.
Good content, as usual. 👍
What i don't understand is all I hear about is how difficult it is to open a bank account in the Philippines . So how can I deposit if they won't let me open one ? Do I have to payoff the bank people to get it done ? It seems the whole country is corrupt and the people live worse than livestock. The money that comes into that country is huge but where does it all go ? The infrastructure is pathetic, everything fails. The place looks like its in ruins. The buildings crumbling, sidewalks with holes to fall into, no traffic control and practically no sanitation. They can't even afford toilet paper in public (scary) restrooms. The money we spend all goes into corruption and nothing much to help the citizens with their pitifall, hand to mouth existence. There are a few decent cities and areas in the country, but most of it is a toilet that is overflowing and needs to be flushed. Tourism pays the bills and now they want to screw with that. Are they really that stupid ? That's truly debatable in my opinion. Pay the larger amount for Thailand. It's a FAR superior place to enjoy. IMO.
I’ve been married to a Filipina for 8 years,and everything you said is true. the Philippines are notorious for making things more difficult, not easier when it comes to immigration issues 😆😆😆 if I wasn’t married to my wife, and had a small house there , I would have ditched the Philippines for Thailand or Vietnam long ago.. 😂😂 only bright spot for me is the people in my circle there are very nice, the immigration and people in power are corrupt imo..
From what I've read 40% of the building projects budgets goes into the politicians pockets. The engineers then have to build it for 60% of the approved budget which results in poor quality materials leading to everything falling apart a few years after it was built... welcome to the faillipines
everybody, i mean everybody in the philippines tells you in the first 30 seconds of a conversation that the philippines are totally corrupt.
I arranged my deposit with the Philippines Retiement Authority in about 15 minutes using Wise to wire funds from one of my US banks. That included opening a Wise account and figuring out how to do it. Easy, peasy.
I was told you have to get acr card after 3 months staying in Phillipines then you can open bank account after staying in Phillipines a year, thats what BDO bank told me
I just got my SRRV Visa, former US Air Force. It cost $1,400 as an application fee then opening a Bank account for the $1,500. That deposit is refundable if you pull out. It can also be used as an investment.
Correct.
I heard some bloggers say that $20K, $10K USD is not refundable when you apply for those visas even if you decide to cancel. Don’t know how true that is, but I feel losing that kind of loot isn’t worth the gamble. As some have said already, all it takes is a few abusers to spoil it for everyone. And that’s why we’re seeing this change. 👎
Not true, the money is fully refundable. You can also spend it on a condo.
Then that's cool. If you want to run your life based on what bloggers say and not reality then I think PH would probably be OK with you going elsewhere.
I heard that….I really don’t know but….just saying…..my buddy told me……………..
@@ziggarilloa condo that u dont own......😂
@@ziggarilloI hope you’re right
Thank you for the information guys
Too expensive for many who are spending their monthly incomes already and don't have the $10,000 they apparently want ! ---- "people go where they are treated best" - and I think the Philippine Govt. knows that ? > So until they begin to refuse renewals of the tourist visas to retired US expats - life is seemingly the same as it's been - only with more questions (?) - and - with the attempts to extract $10,000 from wherever they can get it ? - - - Otherwise - we take our 'monthly incomes' -- 'to spend' -- in Cambodia for example ? > They are quite happy - with that - and won't ask for - or demand - '''another''' - $10,000 - for the privilege !!!
Preach!! 😡
@@KB3TLE the Philippines government doesn't get the $10k, is a security deposit you keep in your bank in your name. And the department that oversees that is quite separate to the regular immigration. So it's hardly some conspiracy to get your 10k.
@@xpusostomos that bank still makes money off of your money. thats how banks work.
@@xpusostomos Who gets your $ when you die ? If you can't use it - it's not yours !
No 10.000 10.000 +$1400 +$360
Paul valuable information indeed. I was a bit spooked about returning next month. I do 6 months out the year in the 🇵🇭 each year. I’ve never experienced any problems at immigration renewing my tourist visa. But there was so much misinformation going around I was having second thoughts. However thanks to my own research and guys like you giving valid information I’ll be returning. Thanks for sharing this Paul very much appreciated 👌🏾!
If you stay for 6 months you have to be gone 6 months to return? I would like to travel between several SE countries.
During my 6 months I do travel to Thailand and Vietnam for a week or so!
@@KevinVenturePhilippines that suits my schedule, six months on, six months off
I really think if planning to move to the PI or Thailand you should be planning for 10k in the PI or 24k deposit in Thailand. I know there are and always have been workarounds but if still in the planning stage and able to save just stashing the money in a US account incase the rules change in the future is a good plan. All these countries seem to be tightening the loopholes and IMO planning so that your future is dependent on a loophole is a poor plan.
$20k unless you're lucky to fall into the other categories
Easiest retirement visa possible you can get in Cambodia. Go to an agency, give them your passport showing that you are over 55 years of age, you get a one year retirement visa immediately. It is renewable annually, multiple entry, you come and go as you please. You pay approx.290 US $ plus fees per year. Of course, you can do it on your own if you don't mind the waiting and filling out forms. Best office is in AEON mall 2 in the SenSok area of Phnom Penh. No deposit, no questions about pension or any incoming money. All your business. Don't forget that the country is dollarized, so no money exchange for people from the US. You just pay in dollars wherever you go. Expect to get change in Riel for small amount, though.
This is just to give you a perspective about what is available, nothing could be further from my mind than discouraging anybody to go settle in the Philippines. I've been to both countries, I love both. They each have a slightly different flavor and culture to them, both have the nicest people I have encountered. 😊
@@mick-berry5331 That is my "other" choice - as an old retired US citizen looking for an alternative to Biden's (inflation riddled) America !!! About 3 years looking & Cambodia is the easiest of all. Many more fellow expat Americans in the Philippines for company. --- I'm unable to do the $10,000 or the $20,000 - so I guess 'they' (the Philippines) would have to decide if they want my $1500/mo. until I die - (?) - or send me --&-- my money to Cambodia ? 🤔
Thailand is changing visa rules frequently and lawmakers in the Philippines are re-thinking their visa policies as well.
@@mick-berry5331Great info. Thank you!
How does someone contact JRC?
🤪😝 Great Subject Paul
The BI TVV extension process instruction to offices is available online. High time it was enforced
Asking someone about their private life is rude, and it's obvious they want your money. Just don't go there-it's that simple.
Good thing at least I won't bumb in you some day here on the street. What a relief to know.
Evidently Paul didn't say , " It's for the young women" .
They don’t care why your staying in Philippines they just want your money immigration In Philippines is dishonest I would not move there
Hello Paul, very good and informative video. I think for me the 13a visa will be better. I will contact HR in the future after I’m there for at least 6 months😁
Steve
I prefer to use a gentleman like your guest. Private help is better than public help. In the words of Reagan I’m from the government and I am here to help. Definitely scary words.
Paul I went today, 9/10/2024, to my local satellite office here in Pangasinan, Luzon and I was in and out in 30 minutes. Only had to sign two pieces of paper and pay almost 6500 PHP to get my two month extension and a new one year ACR1 card. No interview of any kind. The only thing I don’t like is I had to pay 1500 PHP in express fees, which they don’t ask you if you want to pay, they just charge you. I look at it like an ATM fee. You can say no I don’t want to pay it, but you’re not gonna get your money.
I have lived in Philippines 14 years on tourist visa. I never had problem extending. They just want their money! Stop red lighting!
Paul, thank you. And thanks to Jr. I saw him on peas Channel. But you bought out other things pea didn't.
Ask the guy a question then leads him on the answer using language the guy probably doesn't even understand so answers with, "Yes".
Seen it time and time again with foreigners in SE Asia. Ask using the most simple vocabulary, be quiet, listening closely for the answer to confirm they understood the question.
Preach! 😮😂😊
Hi Paul. Love JRC, dealt with them in Duma and now they handle all my extensions in Cebu. My passport stays with them and they call me a week before renewal is due. I go in pay the cash and it's all done. The staff in the Cebu office are so friendly and efficient. Cheers
No one going to put 20k in a Philippine bank that you can’t touch. Next
I think a lot of people are doing just that...but I agree with you, it is not for me. I think you will have a hard time getting it back in some cases.
@@todd7756
Absolutely not true.
great. now you can change your account name. to VietnamBound 😂
JRC just suspended by the PRA for 90 days for charging applicants fees they were not authorized to do. Should vet people you have on your channel and endorse
For the SSRV, what is the purpose of giving the Philippine’s Bureau of Immigration of the $20K or $10K deposit? For many retired people, that significant deposit could certainly help to pay for their cost of living in the Philippines.
exactly. just guessing, but the majority of expats on the bottom line can't afford to give the philippine govt taht $10,000 and then not have access to it if needed. they make more money off of your money.
SRRV is 1K deposit, or 2K, I forget and I am eligible for SRRV. it is a MUCH lower deposit compared to the 20K deposit as appreciated to US veterans.
Its too much, big money.
@@bikerpeople548 If that is big money at retirement age to an American, they have certainly failed themselves. The exceptions are drug addict, compulsive gambler, lazy, mental health and or just plan cognitively compromised. I could go on and on, but that is nothing for a retiree from USA.
@@bikerpeople548 Yah, I still don’t see how they can justify such a high deposit of $20K for applicants that don’t have a pension. Also, if you decide to leave the Philippines, the money is not returned right away. I’ve heard it can take up to 6 months to have the deposit returned. So the deposit can’t be used to pay for travel expenses back to your home country unless cancelling the SSRV 6+ months in advance of your desired return date. But, a much sooner return date may be desired for various reasons such as health or a family matter, etc. The Bureau of Immigration should pay us a $20K deposit since we are contributing to the economy. When and if we decide to leave, we can take 6 months to return it and we can collect the interest on the investment and not pay back the interest.
Way to go to do such a great job JRC! When you say 20,000 do you mean USD or do you mean Phillipine paso? Thank you gentlemen for this informative video. LOVE FROM IOWA! 😊❤❤❤
USD.
If I am right the tourist visa runs about 500 dollars a year. Unless you're a military retiree the SRRV requires 10000 dollar deposit and some other requirements at age 50. You could do the tourist visa for 20 years and break even. Without the medical exams and proof of income and the hassles of the srrv visa.
Tourist visa cost about 375-400 USD per year (including the $50 ACR card ). SRRV for retired Military (with pension over 1000 USD per month) cost as little as 3000 USD (1500 deposit+ 1500 application fees) and then 10 USD per year for renewal of SRRV card every year.
No because there's a $350 or so fee per year for maintaining SRRV, not mention the thousands for enrolling and $20k deposit, which is roughly the same as a tourist visa. There's no real incentive for SRRV.
Correct, unless PH starts enforcing their visa laws. The PH tourist visa is super easy and cheap because PH wants tourists. But if you're not a tourist then by PH law you have no right to a tourist visa. It's against PH law to retire in PH on a tourist visa. This is what the video was about. The PH gov reminding immigration officers to enforce the existing laws more strictly. So far I haven't heard of tourist visas being denied, but that could start. Currently officers are sometimes asking questions and suggesting an applicant should be on a marriage or retirement visa.
Tubers have been saying for years you can stay in PH forever on a tourist visa, but that never made it true.
@@xpusostomos .,., If there is a $350 fee per year to maintain SRRV, then why do SRRV at all, if regular tourist extension is 375-400 USD per year? there are 3 types of SRRV. 1). You're not prior Military, so it requires 20K USD for deposit.2). You're prior Military and getting at least 800 USD per month pension and DD-214 honorable discharge, then it's 10K USD deposit to get SRRV. 3) Special courtesy for Military with at least 1K per month pension and a DD-214 with honorable discharge, then it's 3000 USD (1500 deposit/1500 application fee). Do your research please. The fee per year is about 500 pesos for the yearly SRRV card renewal.
@@waterbug1135 ,., You can stay in The Philippines for 3 Years (36 months) consecutive before you have to leave for 24 hours, then return on a tourist for another 3 years stay consecutively.
great video
Cambodia is the place.to.go.