Mick Posted February 11, 2020 Posted February 11, 2020 Quick question, I'm not retired..... I have just bought a condo, and it was mentioned to me I can apply for a retirement visa now.... Anyone done this, and any down side? 1 Link to comment Share on other sites More sharing options...
Forum Support Tommy T. Posted February 11, 2020 Forum Support Posted February 11, 2020 52 minutes ago, Mick said: Quick question, I'm not retired..... I have just bought a condo, and it was mentioned to me I can apply for a retirement visa now.... Anyone done this, and any down side? Yes, Mick... I got one last year. It requires a time deposit of US $10,000. That's the only down side I have found. Or you can sometimes apply the value of your condo for the deposit. It took some running around but not really all that difficult. 1 Link to comment Share on other sites More sharing options...
Mick Posted February 11, 2020 Author Posted February 11, 2020 Hi Tommy, yes that's what they said, now my name is on the title of the condo no money required, but I never belive them in the BI office Link to comment Share on other sites More sharing options...
Forum Support Tommy T. Posted February 11, 2020 Forum Support Posted February 11, 2020 3 minutes ago, Mick said: Hi Tommy, yes that's what they said, now my name is on the title of the condo no money required, but I never belive them in the BI office Well, that's the good part. You won't be dealing at all with BI - only PRA - Philippine Retirement Authority. At least here in Davao, they were very professional and helpful. They were very patient with my dozens of ongoing questions. Link to comment Share on other sites More sharing options...
Forum Support Tommy T. Posted February 11, 2020 Forum Support Posted February 11, 2020 If they work the same in your area as they did here, they will supply with a handout listing all your requirements. The toughest part for me was having to go to the US embassy in Manila so an American notary there could notarize a USA letter from the state police of my last state of residence showing I had no criminal record. I obtained the letter online easily. Then I had to take that notarized letter to the Department of Foreign Affairs (how did they know I was having one? joke) for their Red Ribbon Certification. So I had to spend two days in Manila to deal with those things... The rest was just running around a bit for their joke of a physical exam... Link to comment Share on other sites More sharing options...
Gary D Posted February 11, 2020 Posted February 11, 2020 I think you have to lodge the deposit before you buy the condo, after is too late. 1 Link to comment Share on other sites More sharing options...
BrettGC Posted February 11, 2020 Posted February 11, 2020 (edited) If you're ex-military from an "allied" country the deposit is only 2000USD. NATO, Australia and NZ all qualify. Edited February 11, 2020 by BrettGC Link to comment Share on other sites More sharing options...
Gary D Posted February 11, 2020 Posted February 11, 2020 1 minute ago, BrettGC said: If you're ex-military from an "allied" country the deposit is only 2000USD. NATO Australia and NZ all qualify. $1500 1 Link to comment Share on other sites More sharing options...
BrettGC Posted February 11, 2020 Posted February 11, 2020 1 hour ago, Gary D said: $1500 Happy to be wrong on this. Mick not sure of your circumstances but if you're married to a Filipina 13a visa is an option. Link to comment Share on other sites More sharing options...
OnMyWay Posted February 11, 2020 Posted February 11, 2020 3 hours ago, Tommy T. said: If they work the same in your area as they did here, they will supply with a handout listing all your requirements. The toughest part for me was having to go to the US embassy in Manila so an American notary there could notarize a USA letter from the state police of my last state of residence showing I had no criminal record. I obtained the letter online easily. Then I had to take that notarized letter to the Department of Foreign Affairs (how did they know I was having one? joke) for their Red Ribbon Certification. So I had to spend two days in Manila to deal with those things... The rest was just running around a bit for their joke of a physical exam... I think you can do the U.S. Notary online now. The Red Ribbon can be done at other DFAs too. I have not done either but I think this is true. Planning to try an online U.S. Notary soon. Link to comment Share on other sites More sharing options...
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