Philippine Retirement Authority (PRA) - Government

About Philippine Retirement Authority (PRA) - Government

These PRA special visa programs give the PRA members (who are either foreigners (all nationalities except those restricted by the department of foreign affairs) or former Filipinos citizens (who are holders of foreign passports) the following benefits among others: A permanent non-immigrant status with multiple entry privileges; exemption from customs duties and taxes for the importation of personal effects, appliances and household furniture worth US$7,000; exemption from Exit Clearance and Re-entry Permits; exemption from the payment of travel tax provided the retiree has not stayed in the Philippines for more than one year from the date of the latest entry into the country and conversion of the required time deposit to active investments, including the purchase of condominium units and proprietary golf membership shares.