Where to retire in the Philippines
Foreign retirees in the Philippines reached 29,589 as of 15th March 2013 and their number is expected to increase 5 percent annually over the next four years, according to a report by Manila Standard Today.
Philippine Retirement Authority (PRA) general manager Veredigno Atienza said cumulative gross enrolment through the special resident retirement visa (SRRV) as of 15th March this year increased by 26.7 percent from 23,360 as of December 2010.
The SRRV allows foreign retiree-members to retire and live in the Philippines for as long as they want. The visa is a privilege granted to foreigners who would like to have a permanent resident status in the country.