MANY foreign retirees from all over the world have chosen the Philippines as their retirement haven. The Philippine Retirement Authority (PRA) has reported that 27,000 foreign retirees, including former Filipinos, from 107 countries are now living in the Philippines through the Special Resident Retiree's Visa (SRRV). Most of the retirees have chosen to stay in Cebu, Angeles (Clark), Olongapo (Subic), Baguio, Davao City, and Metro Manila. The top nationalities are Chinese (People's Republic of China), Korean, Chinese (Taiwan), Japanese, Chinese (Hong Kong), British, Indian, American (former Filipinos), and German.

The PRA offers a range of services, benefits, and comfort to make the retirees' stay worthwhile. The SRRV entitled the holder to multiple-entry privileges with the right to permanent residence in the Philippines. It is issued by the Bureau of Immigration, in connection with the PRA program for foreigners and former Filipinos. Filipino hospitality, diverse culture, English-speaking population, medical and health services, local cuisine, religious freedom, natural attractions, tropical climate, and reasonable cost of living are some reasons cited by retirees in choosing the Philippines as their new home.

Makati City was recently been named by PRA as "most retirement and aging-friendly" city in the country based on criteria from the World Health Organization (WHO). Makati has the most foreign retirees from China, Japan, Korea, Europe and US. Most of them are now Filipino citizens while others have acquired dual citizenship.

Foreign chambers are pushing for the Philippines as a retirement haven. They work with hospitals in the country to institutionalize a system that would allow patients to get hold of their medical records anywhere at any given time. The Retirement & Healthcare Coalition (RHC), composed of American, European, Japanese, and South Korean chambers in the Philippines, said the project is part of initiatives to make the Philippines a preferred haven for foreign retirees. The RHC has been active in the fields of retirement and health care since 2007. Foreign chambers and the RHC also collaborate with Philippine nursing schools in pilot-testing in their curriculum an elderly care module to support public-private efforts to develop the country as prime destination for foreign retirees.

We wish Philippine Retirement Authority General Manager Veredigno P. Atienza, and Retirement and Healthcare Coalition Executive Director Marc Daubenbuechel, all the best and success in their partnership to develop the Philippines into a world-class retirement haven. CONGRATULATIONS AND MABUHAY!

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • The return of Gigi Reyes Ellen Tordesillas, Contributor - The Inbox
    The return of Gigi Reyes

    By Ellen T.Tordesillas This is going to be fascinating. Atty. Gigi Reyes, former chief of staff of Sen. Juan Ponce-Enrile who is included among those accused of plunder in connection with the misuse of Priority Development Assistance Fund, came back … Continue reading → …

  • Viernes Santo in Kalibo VERA Files - The Inbox
    Viernes Santo in Kalibo

    Photos by Little Wing Luna, VERA Files Text by Mitch Meñez Kalibo, Aklan--Viernes Santo or Good Friday is the most solemn of all the days in Holy Week. It commemorates the Passion and Death of Jesus on the Cross. The … Continue reading → …

  • Hugas Dugo VERA Files - The Inbox
    Hugas Dugo

    Text by Kimmy Baraoidan, VERA Files Photos by Chris Quintana and Kimmy Baraoidan Pakil, Laguna--In the small town of Pakil, Laguna resides a group of men who call themselves Hugas Dugo. Most members of the group are residents of the … Continue reading → …

Poll Choice Options