I have come to the conclusion that the SRRV is a con job. i purchased a condo unit many months ago and then decided to apply for the SRRV - only to be told that I STILL needed to dep the 20KUSD. Proving that you are already investing in the country by purchasing a condo, having a local bank acc and ...

The SRRV is a ripoff Things the PRA dont tell you.....With the SRRV you need to deposit a sum of money into a nominated bank, in my case it was $20,000 USD as proof of my financial Independence and willingness to invest in the Philippines - which is OK, sort of, BUT, That $20K effectively does not b...