The Philippine Retirement Authority permits qualified holders of the Special Resident Retiree’s Visa to request conversion of the required visa deposit into an allowable active investment. The published options include ownership of a condominium unit in the principal retiree’s name and qualifying long-term leasehold rights over residential property.

For conversion through a condominium acquisition, PRA requirements include the prescribed Investment Request Form, a notarized Retiree’s Deed of Undertaking, the deed or contract supporting the transaction, title and tax documents, an ocular inspection, and applicable fees. The property and consideration must satisfy the governing SRRV investment threshold and current PRA rules.

A long-term lease route generally requires a lease of at least 25 years over a residential house and lot, townhouse, or condominium, with a value of at least USD 50,000. The retiree and lessor must execute the required undertakings. The title, tax declaration, lease contract, annotations, and property inspection remain subject to PRA evaluation.

Approval should be obtained before treating the deposit as released for investment. The property transaction also requires independent due diligence concerning title, encumbrances, taxes, condominium restrictions, authority of the seller or lessor, and Philippine limitations on foreign land ownership.

If an approved investment is later sold, transferred, terminated, or ceases to qualify, PRA requires the retiree to substitute another allowable investment or redeposit the applicable amount to maintain program compliance. Current guidance and checklists appear on the PRA’s official Servicing Request page. For coordinated immigration and property advice, contact Cedeño Law Office. This article is general information and does not guarantee PRA approval.