Update: Philippines Suspension of Issuing Retirement Visas


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Update: Philippines Suspension of Issuing Retirement Visas
In this video we go over some new information and when we might here some further news on the future decisions of the retirement visas.

Retirement visas on hold over security concerns


https://www.cnnphilippines.com/news/2020/10/23/Government-suspends-issuance-of-foreign-retirement-visa.html#:~:text=Metro%20Manila%20%28CNN%20Philippines%2C%20October%2023%29%20%E2%80%94%20The,Visa%20%28SRRV%29%20to%20foreign%20nationals%20pending%20policy
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37 comments

  1. Finally the Philippines wakes up to the threat of China and its expansionism, itโ€™s time for all loopholes to be closed. Fifty is a sensible retirement age for retirement visa, Duterteโ€™s leaning towards China, was never going to end well. Thanks for the update Gio.

  2. I AM AN EX-PAT LIVING IN THAILAND SINCE 2010. I HAVE THE NON-O VISA, WHICH IS FOR RETIREES OVER THE AGE OF 50. UNDER THIS VISA, WE ARE REQUIRED TO SEE IMMIGRATION EVERY 90 DAYS, COMPLETE MINOR PAPER WORK. IT’S BASICALLLY AN IN AND OUT PROCEDURE, AMOUNTS TO 10-15 MINUTES AT THE MOST, SINCE COVID RESTRICTIONS BEGAN IN MARCH. ONCE A YEAR, WE MEET WITH IMMIGRATION, COMPLETE SOME PAPER WORK, INCLUDING A STATEMENT FROM OUR BANK THAT 65,000 BAHT (ABOUT $2150) HAS BEEN DEPOSITED IN OUR BANK ON A MONTHLY BASIS. THERE IS NO REQUIREMENT TO KEEP THE 65,000 BAHT IN THE ACCOUNT. YOU CAN WITHDRAW ALL OF IT IF YOU SO CHOOSE. YOU JUST NEED TO TRANSFER 65,000 BAHT MONTHLY FROM AN OVERSEAS BANK ACCOUNT. THIS IS THE METHOD I USE; OTHER RETIREES USE THE 800,000 BAHT IN A BANK METHOD, IN WHICH YOU CAN WITHDRAW UP TO 400,000 BAHT BUT MUST SHOW 800,000 BAHT IN THE ACCOUNT WHEN MEETING WITH IMMIGRATION ONCE A YEAR. RETIREES CAN STAY IN THAILAND INDEFINITELY AS LONG AS THEY MEET THE FINANCIAL REQUIREMENTS. I HAVE CONSIDERED MOVING TO THE PHILIPPINES AS I HAVE AN ONLINE RELATIONSHIP WITH A FILIPINA AND THOUGHT ABOUT THE SRRV. BUT NOW I THINK IT’S JUST EASIER TO LIVE THERE ON THE TOURIST VISA AND LEAVE FOR A DAY AFTER 3 YEARS. MEETING WITH IMMIGRATION THERE PERIODICALLY IS NOT A BIG DEAL. THE SRRV FINANCIAL REQUIREMENTS ARE EXPENSIVE

  3. Just a slight correction is something that you said You said that foreigners could come there on a tourist visa and just keep extending extending extending UP TO three years. I find that to be a bit of an oversimplification of the facts. They can keep extending over and over up to three years before they have to restart the whole process over again so at the three year Mart then they are forced to leave the country and reapply or come back into the country but they originally did three years prior and then they could start extending over and over again or to another three years so technically they can keep extending indefinitely. There are foreigners that have been in the Philippines for over 20 years by doing this process. So technically three years is not the limit it’s only the limit before you had to leave the country for a very brief period and then re enter

  4. I can’t blame the Chinese. The filipinas are delicious but it really goes to show how bad the US economy is doing that we can’t pump out big numbers of settlers like those of other rising Asian powers. I personally know Koreans that have setup business in the Philippines, why can’t us Americans do that? At one point the Philippines belonged to us. Maybe they should make it easier for Americans to get visas and stuff.

  5. The young Chinese are going there they gonna take over that country they already tell Mongolian people to get of their language and they have to speak chinese

  6. Hey, it’s only a dollar a day to live here on a tourist visa! Keep your money in your pocket! ๐Ÿ˜‰ I’ve been living here and vlogging for 9 months now. Only takes 15 minutes here in San Juan to renew my tourist visa every 60 days! Easy peazy!!

  7. Thats the reason why they stay in the philippines because the law in the philippine is not tight enough for immigrant. And Chinese they over staying there and do illegal job.Sad but thats the realiaty.

  8. I will be 39 when my Filipina and I retire. The article asks why retire at that age? Because I am tired of waking up early for PT and worrying about a job to go to. We won’t need jobs as my pension and our investments will provide us well over $100k a year. The FIRE movement is growing rapidly in the US and a quick Google search shows it is taking hold in young Chinese people as well. They probably have the same idea as us to live in the Philippines where money will go further than back home.

  9. I went to the Chinese casino worker area of Manila. It was definitely a parallel society like the “China Towns” (or entire cities) of Australia / Canada / USA. The Chinese restaurant I went to in Manila did not have an English menu (despite me verbally asking the Filipina who worked there) so I had to use Google Translate. I was surprised they took payment in Pesos.

    As far as I could tell almost all the Chinese men were alone or only dated Chinese women. Only ever saw 1 Filipina with a Chinese guy there.

    Personally I don’t think it’s possible to share tourist destinations with East Asian nationalities. Sharing in the sense that Americans and Europeans tend to be more frugal on vacation. Whilst East Asian nationalities like to splurge (even paying more money than they would back home for the service / accommodation).

  10. How sad to hear that from you gio
    But every day has changed prior to covid
    But i heard it will be mid year 2021 everything will be goes to normal
    Long way to wait for inbound for our expats

  11. I don’t want to pick on individual Chinese people, but the Chinese government tactic is “Acquisition by Occupation”. Your Filipino Senator is correct in pointing out that this is a Soft Invasion. This is the same thing they are doing in the South China Sea by intimidating Philippine fishing boats. They are doing this all over the world.. They are over-fishing all over the world and destroying sea beds and corral reefs. I have been to China many times and done business there. They believe they own the world and all those other people are just in the way. The Philippines had better do some reckoning, or their kids will be learning Mandarin in school.

  12. The age requirement will increase from 35 to 50, and I imagine that the cash requirements will also increase. What a shame, especially since Thailand simultaneously decided to shut out foreign investors and retirees.

  13. Update: Philippines Suspension of Issuing Retirement Visas
    In this video we go over some new information and when we might here some further news on the future decisions of the retirement visas.
    https://newsinfo.inquirer.net/1351888
    https://www.cnnphilippines.com/news/2
    Disclosure:
    Listed below are my affiliate links which means I get a commission on every sign up which equals more coffee for me ๐Ÿ™‚ Thank you guys!
    ————————————————————————————————————————-
    #1 Dating Site to meet quality Filipina girls: Christian Filipina Meet Beautiful Christian Singles Today! They check every profile. Best overall results of any dating site in the Philippines.
    https://bit.ly/30bPjP8
    ————————————————————————————————————————-
    Need to Send your Filipina girlfriend money:
    Remitly: Sending Money around the world: Get a special promotional rate and $15 on your first transfer!!
    http://remit.ly/bw9omq
    ————————————————————————————————————————-
    Travel & Medical Insurance & Covers Covid-19: http://bit.ly/36pHlVf
    Health Insurance: covers pre-existing conditions, cancer and Covid-19: – http://bit.ly/3fSZEaL
    ————————————————————————————————————————-
    Sign up With Charles Schwab and have no international ATM fees. You can get up to $500 when you become a new Schwab client.
    https://bit.ly/35LsMfz
    ————————————————————————————————————————-
    Airbnb Get up to $55 off your first trip: http://bit.ly/2y4rcVW
    ——————————————————————————————————————-
    Great way to invest a little, get $5 when you sign up: http://bit.ly/3bjkf5h
    ——————————————————————————————————————-
    Sign up for Youtube Membership for great benefits and exclusive videos: https://bit.ly/3eauJ8q
    —————————————————————————————————————–
    If you would like to help support my channel: paypal.me/GioSanTeaching
    —————————————————————————————————————–
    1 on 1 Consultation With Gio: $35 hourly e-mail: italiagio71@gmail.com
    ——————————————————————————————————————
    My Patreon account: Over 50 Exclusive videos not found on YouTube
    http://www.patreon.com/giointhephilippines
    ——————————————————————————————————————–
    Transferwise get your first transfer for free: http://bit.ly/2Z4xxfZ
    —————————————————————————————————————–
    Sign up to get your TEFL and start teaching today! https://bit.ly/2R9URae
    ———————————————————————————————————————
    #1 Rated VPN – view US Netflix and unlock access to all sites and stay private: https://bit.ly/3bMKPU8
    —————————————————————————————————————-
    Want to grow your YouTube channel? Use Tubebuddy
    https://www.tubebuddy.com/giointhephi
    ————————————————————————————————————————-
    If you would like to Help support my channel by buying me a coffee, thank you.
    https://www.buymeacoffee.com/italiagio71
    ————————————————————————————————————————-
    Contact Information:
    https://www.facebook.com/GiointhePhil
    Contact me by e-mail: italiagio71@gmail.com
    ————————————————————————————————————————
    About me: My name is Teacher Gio to my students and Gio to my friends. I left the USA over 4 years ago to travel SE Asia and live a better life. Follow my journey as I travel around The Philippines reviewing different islands and cities.
    My channel: Reviewing different islands and cities in The Philippines as places to visit or live, condo and apartment reviews, dating advice, how to travel and live inexpensively in The Philippines.

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