Another important thing to note about the $20K Deposit. It doesn't have to just sit there unused, you can put that towards the purchase of a condo or land lease
Unless I'm misunderstood (very long day and can barely keep my eyes open), you could have two million dollars in savings, earning around $100k interest annually, but without a pension you cannot do the retirement deposit? What if you don't want the hit from taking social security early at 50? Two million dollars isn't enough to make you a good bet? Isn't there a $50k deposit option? I thought I read that somewhere.
The Philippines would easily take 2 million expats (mostly from the West) like Thailand has, as opposed to the 200,000 they have now, but the Visa stuff scares off so many people like myself. They have to realize that what makes Thailand more attractive to most is the fact you can bounce around almost indefinitely between countries and it's still more affordable. So while PH arguably has the best Visa policies, potential expats are weighing that against cost of living, not as nice infrastructure in most places, etc. It should just be super easy for expats from the countries you'd typically want expats from. All we want to do is spend our hard earned money in your country. And it's nothing new. Guy's in WW2 had a saying: make your money in the West and spend it in the East. Hundreds of thousands of veterans decided to stay or return to SE Asia after the war. The whole passport bro thing has been a phenomenon going on 100 years. It should be easier.
Chad, another great video! I need to know where you get your haircut there!!!! It looks good brother! I’m sick of cutting my own hair and hoping for the best!?! Yes please to a video on buying property/housing there! I stayed at the Henry where you filmed and loved it!!! Hated the price?!? Thank you again for everything you do!!! I’m back in February and June😂😂😂!!! Because of your videos I’m truly excited about the future!!!
@@benyoung6655 haha thanks, I don't really have a place I pop into random places whenever I need a haircut and hope for the best kinda like you do 😂 Yeah I'll definitely be making more videos with him including real estate related content. Glad the videos are helping out I appreciate you watching 🙏
You have to leave your passport with them for a week each time and it is up to the agent you speak with to subjectively decide your extention fate. Difficult to make a commitment on a house lease with that type of uncertainty.
I look at Duma accommodation prices regularly and it's now the most expensive place to live in the PH, outside of beachfront property and the absolute heart of money districts like BGC and Makati. What you get in return for that outlay is not worth it.
Hey guys, another video would be great, thanx Chad for the difference you are making in my life through your vlogs, i might approach you to tell a good story one day... JRC contact details would be great too ❤ hello from South Africa
My fellow Canadian lots of good info here and I’ve seen him in other vids and he has the exact same info, meaning he’s not BSing. The follow-up vid on buying, longtime renting, building a house would be a great thing. We’ve all heard the stories of ripoffs and deals gone bad here in the phil. We all know we need at least 3 unrelated people on our side to get a deal done here.
Would be nice if immigration thinks ahead a bitt, if 6 months changes into 2 that meens more then double people have to go to immigration, double staff there? No just double waiting time☹️
A list of "preferred providers" prepared by JRC would be great. Knowing who the best real estate lawyers, family lawyers, corporate lawyers, etc. would be great. Also, a vetted list of home builders would be worth gold. There are a multitude of video of foreigners who have been cheated by unscrupulous, of simply incompetent, home builders/contractors.
@@ChadFosterExplores Thanks. It would be nice to know how to perform due diligence on a builder from a governmental standpoint. Do these contractors have licenses and are public complaints listed somewhere? Is there a public record where civil complaints against a contractor would be shown? Stuff like this would be helpful.
JRC IS HELPING ME WITH MY SRRV Visa now I ambsending my last document having it aposilled tomorrow and hope to be in Cebu City February I did not know Jr did real estate I will consult with him when I ambin country thank you again Chad JRC has been a great resource like yourself
@@vn6714 PRA suspened them for 3 months because they where charging exsta fees. PRA pays them for helping probably out of that 1500. November was the end of there suspention.
NOW MY QUESTION IS. what if I do have a criminal history, but its all misdemeanor, zero felonies. Am I still not allowed to retire there. I mean I was a kid, it's been 15 years since any charge, can anyone fill me in????
Next time please ask him if you don't have a pension and pay the $20K, then eventually get married and now have a marriage visa, do you get your $20K back?
On another channel that question was answered, apparently, you get funds back. No guarantees how fast funds returned, heard fast and slow , who knows what to expect.😊😊😊
Hey Chad. Something a little off topic, I've never been to the Philippenes before but I'm thinking of coming the middle of 2025. Question: what do I have to declare upon arrival at the Airport?? Is it everything like my cellphone and personal belongings(portable phone charger) or just stuff like cash?? I don't wear jewelry, just a cheap watch. Any info would be greatly appreciated. Thank you.
I’d like to hear lawyers on contracts protecting foreigners from not owing the land but house ( there has to be ways to block a spouse from selling off your house. Freezing the assets. Joint accounts she cannot touch if house is sold. Agreed litigation. Agreed shares of property rights giving you 99% shares……. ) I don’t buy that the only option is to “roll the dice and hope she never gets mad and sells “.
start a corporation in PH with you as 40% owner and then put the house in the corporations name. You now own the land and the house and you now have legal rights. It's what i did.
@@vandinroth only additional legal step you can own house fully that sits on the land, as well as lease can be signed extending your rights significantly.
My understanding is an inactive domestic corporation with "control of the property" granted to the 40% share( the foreigner) is the way to go. Even if your relationship is bullet proof, life happens and she could pass first so this is a must if you're buying/building a house imo.
@andrewmponeill Let me clarify. I agree fully on your point. What lawyers suggested to me was on top of your structure. You own 40% of company owning the land, you can own 100% building on top of the land, and you can have lease interests extending your protection. This plan suggested to me while considering buying a hotel . With multiple angles covered, it is unattractive for land to be sold out beneath you in any future dispute.
@@tonymccreath4540 sounds good. If BEFORE marriage, the foreigner can do the structure you suggest, plus you, as Lessee, lease from her, the Lessor, her share of the land for 25 years, with an option for another 25 years. AND, you perfect an interest in the land in the form of a security agreement, with you, as Lender, and the Filipina, as Borrower, which I think is called a "mortgage" in PH. There would be a Note also, but the mortgage would be recorded and an encumbrance on the land. BUT, once you are married, the mortgage becomes invalid between husband and wife, yet the lease would continue. If you're already married, I believe a properly executed lease is valid and enforceable but not the mortgage/note, as described above. I'm not a lawyer, but I talked to one and this is my recollection.
My daughter visited me in march and april this year , her second extension was only fore 1 week but she needed to buy the acr card plus 1 month extension, total about 5000 fore a week, not fair, the price in Bohol fore 2 months is 4470 not 3000
No ty if she gets tampo the way she does i rather have SRRV that way she can't tell immigration i haven't been around. I'm covering my AZZ as they say in America. Filipina's are like fish out of water flip flop 😂😂
What about the amount paid for SRRV, 10 k or 20 k USD, being included in purchase of condo? Is that still for a condo worth at least 50k USD? That's a lot! If it was reduced to 30 k USD or less I'd be interested.
For the spousal visas whichever bureaucrat you're dealing with has to really believe your marriage is legit. (This is true in lots of nations that want to do due diligence and the US is no exception.) This is why you want to work with JRC, or a lawyer that specializes with visas. Any idea if and when the digital nomad visa will drop?
I'm 63 now and I'm waiting to take my Social Security until when I turn 67 because the amount is much greater at "full retirement". I think I can get by financially until then. Anyway, the question is, if I fork out $20,000 in cash for the SRRV today, can I get that back before I turn 67? If not, can is "substitute" my Social Security for the $20,000 requirement in 4 years when I take my Social Security, and geta refund of my $20,000?
HI Looking to build in the philippines and would like to talk someone ,,, i will be in Dumaguete on about 12/12/2024 please give me the detail of JRC Thanks Phil
If I want to live permanently in the Ph as a pensioner, I don't want to go to immigration 5 times a year and after three years I have to leave the country, that is absurd and unacceptable
Hi. Question: Can I get some long term VISA (without marriage and more then 36 months) while beying way under 50 years old (financialy independent, living from selling stocks) or Philippines dont want us? Is so, why?
@@jackmeloff3335 Imidiatly once opened 2 sources it sais you must be above 50. So unless you have different info you can send, it seems like its not an option.
IMHO the first thing is to ensure the land has a certificate of title and the people on the title are still alive. Next get a survey on the property and check the tax declaration to ensure taxes are current. Also validate the title at the BIR. You could then lease the property from the current owner for 25 years with an option for another 25. Best to also draw up a special power of attorney giving you rights to improve/alter the property. Also for me I would pay the annual taxes during the lease that way you know it's done. If the property you are considering leasing is not off the brgy road and requires you to use a right of way for access ensure all paperwork is also complete with that as well. 3 meters is the standard right of way here, if you have a truck you will need more than that to access the property. Good luck.
Does JRC Double Dip on Visa Fees, Where they charge the customer & Get paid by the Phil. Govt both? I heard 1 well known Visa agency got in trouble for Double dipping this year.
Why do Phillipins gov.keep on changing visa regulations thus make it more complicated and expensive for expats. Seems like they dont realize that there are more countries to retire to with better conditions ?!
Do you know if that recent tax law change means that after-tax dollars transferred in from the US would be deemed taxable income on the Thai side? If "any" money transferred in is presumptively deemed taxable, that kinda sucks.
@@jackmeloff3335 somebody told me to only us ATMs to bring in cash then it's not flowing through their banks. I guess I'm looking for the legal way, not just a work around that may not be compliant with the law. Sooner or later, dodging rules can catch up and penalties can get quite large over a number of years.
Jr said if you have a criminal record that you can't get an srrv. I'm from the United States and I have a past criminal record. So that means I can't get an srrv????
Can you apply for a pardon? In Canada you can apply for a pardon after 5 years for some crimes but I’m not sure if there is a similar program in the States.
@@Christopher-wb4hr That may not be accurate. I've read that a clean record certificate from authorities in your country is required and should be issued within 6 months of your arrival. In this case you may need to have any criminal records cleared up beforehand. Best to email JRC consultants for confirmation.
JRC on Facebook: facebook.com/share/1CiZ7ZocrD/?mibextid=LQQJ4d
Duma office: maps.app.goo.gl/XMdMbvU6WHTVhPJi8?g_st=com.google.maps.preview.copy
Cebu office: maps.app.goo.gl/QGUdW7mSVcKSNE6p9?g_st=ic
Manila office: maps.google.com?q=Unit%2033,%202F,%20JRC%20Visa%20Consultancy%20%26%20Immigration%20Services%20-%20Manila%20Branch,%20Aseana%20Power%20Station,%20Diosdado%20Macapagal%20Blvd,%20Para%C3%B1aque,%201701%20Metro%20Manila&ftid=0x3397c986193a9b45:0x288b266332378d0b&entry=gps&lucs=,94244542,94242544,94224825,94227247,94227248,47071704,47069508,94218641,94233073,94203019,47084304,94208458,94208447&g_st=com.google.maps.preview.copy
Another important thing to note about the $20K Deposit. It doesn't have to just sit there unused, you can put that towards the purchase of a condo or land lease
Unless I'm misunderstood (very long day and can barely keep my eyes open), you could have two million dollars in savings, earning around $100k interest annually, but without a pension you cannot do the retirement deposit? What if you don't want the hit from taking social security early at 50? Two million dollars isn't enough to make you a good bet? Isn't there a $50k deposit option? I thought I read that somewhere.
Great running into you & your brother at Casaroro Falls. Thank you for all of the tips!
The Philippines would easily take 2 million expats (mostly from the West) like Thailand has, as opposed to the 200,000 they have now, but the Visa stuff scares off so many people like myself. They have to realize that what makes Thailand more attractive to most is the fact you can bounce around almost indefinitely between countries and it's still more affordable. So while PH arguably has the best Visa policies, potential expats are weighing that against cost of living, not as nice infrastructure in most places, etc. It should just be super easy for expats from the countries you'd typically want expats from. All we want to do is spend our hard earned money in your country. And it's nothing new. Guy's in WW2 had a saying: make your money in the West and spend it in the East. Hundreds of thousands of veterans decided to stay or return to SE Asia after the war. The whole passport bro thing has been a phenomenon going on 100 years. It should be easier.
Chad, another great video! I need to know where you get your haircut there!!!! It looks good brother! I’m sick of cutting my own hair and hoping for the best!?!
Yes please to a video on buying property/housing there!
I stayed at the Henry where you filmed and loved it!!! Hated the price?!? Thank you again for everything you do!!!
I’m back in February and June😂😂😂!!! Because of your videos I’m truly excited about the future!!!
@@benyoung6655 haha thanks, I don't really have a place I pop into random places whenever I need a haircut and hope for the best kinda like you do 😂 Yeah I'll definitely be making more videos with him including real estate related content. Glad the videos are helping out I appreciate you watching 🙏
Ask Carefree Chris where he gets his haircut 🤣💇♂
You have to leave your passport with them for a week each time and it is up to the agent you speak with to subjectively decide your extention fate. Difficult to make a commitment on a house lease with that type of uncertainty.
I was told to NEVER GIVE UP YOUR PASSPORT…to NO ONE
Never
What uncertainty?.. been getting mine done 23yrs
Dumaguete is as hot as a house on fire. Like Texas in August and the cost of living is about equal to Spain now.
My plan is to get fillippina wife and immigrate to different country
You talkin like rural southern Spain? No Madrid - places like that?
@JohnS-zq8ks yes I retire in rural area much affordable for an average joe. Why I have to retire if I need to live in big city?
I look at Duma accommodation prices regularly and it's now the most expensive place to live in the PH, outside of beachfront property and the absolute heart of money districts like BGC and Makati. What you get in return for that outlay is not worth it.
Hey guys, another video would be great, thanx Chad for the difference you are making in my life through your vlogs, i might approach you to tell a good story one day... JRC contact details would be great too ❤ hello from South Africa
@@petriepretorius4085 thank you and you're very welcome glad the videos are helping . I always love a good story!
My fellow Canadian lots of good info here and I’ve seen him in other vids and he has the exact same info, meaning he’s not BSing. The follow-up vid on buying, longtime renting, building a house would be a great thing. We’ve all heard the stories of ripoffs and deals gone bad here in the phil. We all know we need at least 3 unrelated people on our side to get a deal done here.
Would be nice if immigration thinks ahead a bitt, if 6 months changes into 2 that meens more then double people have to go to immigration, double staff there? No just double waiting time☹️
A list of "preferred providers" prepared by JRC would be great. Knowing who the best real estate lawyers, family lawyers, corporate lawyers, etc. would be great. Also, a vetted list of home builders would be worth gold. There are a multitude of video of foreigners who have been cheated by unscrupulous, of simply incompetent, home builders/contractors.
Jrc just got off suspension for changing big fees for doing visas. They get paid by PRA for each person completed
@@JohnS-zq8ks thanks for idea, definitely going to meet with him again to talk all about real estate related stuff
And you will be the next!
@@ChadFosterExplores Thanks. It would be nice to know how to perform due diligence on a builder from a governmental standpoint. Do these contractors have licenses and are public complaints listed somewhere? Is there a public record where civil complaints against a contractor would be shown? Stuff like this would be helpful.
Can people just set up a pre-paid account with JRC, and then JRC just handles everything automatically?
13a is pretty simple overall. My permanent one just got finished, I'll go get it stamped in Dec.
JRC IS HELPING ME WITH MY SRRV Visa now I ambsending my last document having it aposilled tomorrow and hope to be in Cebu City February I did not know Jr did real estate I will consult with him when I ambin country thank you again Chad JRC has been a great resource like yourself
Can I ask what they charged you for there services
They charged $600 then once all docs are submitted $1500
@@vn6714 PRA suspened them for 3 months because they where charging exsta fees. PRA pays them for helping probably out of that 1500. November was the end of there suspention.
The Philippine has laws to deport overstay and illegal immigrants. The good thing is just to pay the fine and your good to go.
NOW MY QUESTION IS. what if I do have a criminal history, but its all misdemeanor, zero felonies. Am I still not allowed to retire there. I mean I was a kid, it's been 15 years since any charge, can anyone fill me in????
Yes please make another video about these topics
@@robertvinton7109 definitely will be making a few
Next time please ask him if you don't have a pension and pay the $20K, then eventually get married and now have a marriage visa, do you get your $20K back?
On another channel that question was answered, apparently, you get funds back. No guarantees how fast funds returned, heard fast and slow , who knows what to expect.😊😊😊
@@KevinVenturePhilippines i'll put it on the list of questions for when I interview him again to confirm
Hey Chad. Something a little off topic, I've never been to the Philippenes before but I'm thinking of coming the middle of 2025. Question: what do I have to declare upon arrival at the Airport?? Is it everything like my cellphone and personal belongings(portable phone charger) or just stuff like cash?? I don't wear jewelry, just a cheap watch. Any info would be greatly appreciated. Thank you.
Hi, if I have my ARC card valid until October next year , when I go back home for visit and come back is my ARC card still valid?
I’d like to hear lawyers on contracts protecting foreigners from not owing the land but house ( there has to be ways to block a spouse from selling off your house. Freezing the assets. Joint accounts she cannot touch if house is sold. Agreed litigation. Agreed shares of property rights giving you 99% shares……. )
I don’t buy that the only option is to “roll the dice and hope she never gets mad and sells “.
start a corporation in PH with you as 40% owner and then put the house in the corporations name. You now own the land and the house and you now have legal rights. It's what i did.
@@vandinroth only additional legal step you can own house fully that sits on the land, as well as lease can be signed extending your rights significantly.
My understanding is an inactive domestic corporation with "control of the property" granted to the 40% share( the foreigner) is the way to go. Even if your relationship is bullet proof, life happens and she could pass first so this is a must if you're buying/building a house imo.
@andrewmponeill Let me clarify. I agree fully on your point. What lawyers suggested to me was on top of your structure. You own 40% of company owning the land, you can own 100% building on top of the land, and you can have lease interests extending your protection. This plan suggested to me while considering buying a hotel . With multiple angles covered, it is unattractive for land to be sold out beneath you in any future dispute.
@@tonymccreath4540 sounds good. If BEFORE marriage, the foreigner can do the structure you suggest, plus you, as Lessee, lease from her, the Lessor, her share of the land for 25 years, with an option for another 25 years. AND, you perfect an interest in the land in the form of a security agreement, with you, as Lender, and the Filipina, as Borrower, which I think is called a "mortgage" in PH. There would be a Note also, but the mortgage would be recorded and an encumbrance on the land. BUT, once you are married, the mortgage becomes invalid between husband and wife, yet the lease would continue.
If you're already married, I believe a properly executed lease is valid and enforceable but not the mortgage/note, as described above.
I'm not a lawyer, but I talked to one and this is my recollection.
My daughter visited me in march and april this year , her second extension was only fore 1 week but she needed to buy the acr card plus 1 month extension, total about 5000 fore a week, not fair, the price in Bohol fore 2 months is 4470 not 3000
I'm here on balakabayan visa since I married my Filipina in Florida on her k1 visa but we living here now. So i need to do a SRRV
You should have a spouse visa
No ty if she gets tampo the way she does i rather have SRRV that way she can't tell immigration i haven't been around. I'm covering my AZZ as they say in America. Filipina's are like fish out of water flip flop 😂😂
What about the amount paid for SRRV, 10 k or 20 k USD, being included in purchase of condo? Is that still for a condo worth at least 50k USD? That's a lot! If it was reduced to 30 k USD or less I'd be interested.
good info, second video please.
For the spousal visas whichever bureaucrat you're dealing with has to really believe your marriage is legit. (This is true in lots of nations that want to do due diligence and the US is no exception.) This is why you want to work with JRC, or a lawyer that specializes with visas. Any idea if and when the digital nomad visa will drop?
@@JimBarcelona apparently there's no timeframe set on this but I'll bring it up in the next interview
I'm 63 now and I'm waiting to take my Social Security until when I turn 67 because the amount is much greater at "full retirement". I think I can get by financially until then. Anyway, the question is, if I fork out $20,000 in cash for the SRRV today, can I get that back before I turn 67? If not, can is "substitute" my Social Security for the $20,000 requirement in 4 years when I take my Social Security, and geta refund of my $20,000?
Question what about if the Philippina get divorced in Canada and get married in Canada? No one ask that
Look up the divorce law in the Philippines, that will answer your question..
HI Looking to build in the philippines and would like to talk someone ,,, i will be in Dumaguete on about 12/12/2024 please give me the detail of JRC Thanks Phil
If I want to live permanently in the Ph as a pensioner, I don't want to go to immigration 5 times a year and after three years I have to leave the country, that is absurd and unacceptable
You should be able to get a spouse visa
Hi. Question: Can I get some long term VISA (without marriage and more then 36 months) while beying way under 50 years old (financialy independent, living from selling stocks) or Philippines dont want us? Is so, why?
SSRV is the only one, otherwise you play the visa game. It’s about money
Check out the investment visa.
@@jackmeloff3335 Imidiatly once opened 2 sources it sais you must be above 50. So unless you have different info you can send, it seems like its not an option.
@@synaruscz5352 this one! 21years and some other stuff 76k investment
Another video please.🇬🇧
I'm interested in to lease land for agricultural purposes...what are my options?
IMHO the first thing is to ensure the land has a certificate of title and the people on the title are still alive. Next get a survey on the property and check the tax declaration to ensure taxes are current. Also validate the title at the BIR. You could then lease the property from the current owner for 25 years with an option for another 25. Best to also draw up a special power of attorney giving you rights to improve/alter the property. Also for me I would pay the annual taxes during the lease that way you know it's done. If the property you are considering leasing is not off the brgy road and requires you to use a right of way for access ensure all paperwork is also complete with that as well. 3 meters is the standard right of way here, if you have a truck you will need more than that to access the property. Good luck.
Thanks!! Where do you deposit the 10k for ssrv visa..is there a account that imagination has?
My understanding is that it is deposited in a Philippines bank account of your choice.
Go to the website, ssrv is different from immigration
When you say no criminal record does that mean if I stole a piece of candy at the store and I was arrested does that mean I have a criminal record
Convictions, likely.
Does JRC Double Dip on Visa Fees, Where they charge the customer & Get paid by the Phil. Govt both? I heard 1 well known Visa agency got in trouble for Double dipping this year.
Why do Phillipins gov.keep on changing visa regulations thus make it more complicated and expensive for expats. Seems like they dont realize that there are more countries to retire to with better conditions ?!
Because it is a corrupt third world shit hole. Go to Cambodia. $180 per year visa that you can extend indefinetly every year yourself, hassle free.
Because it’s making money 😂
I thought you needed to register for an Entry visa for a tourist visa
Is his office in Robinson Mall in Dumaguete?
@@marcrichard7251 no check my pinned comment I have all the locations set
I hace phelonies,from 2003,con that stock me from leving in the phil
Thailand has a much better visa now. Philippines is rapidly dropping to the bottom of my wish list.
Do you know if that recent tax law change means that after-tax dollars transferred in from the US would be deemed taxable income on the Thai side? If "any" money transferred in is presumptively deemed taxable, that kinda sucks.
Doesn’t happen if it’s under a certain amount. Just don’t keep your money there banks….
@@jackmeloff3335 somebody told me to only us ATMs to bring in cash then it's not flowing through their banks. I guess I'm looking for the legal way, not just a work around that may not be compliant with the law. Sooner or later, dodging rules can catch up and penalties can get quite large over a number of years.
How about a misdemeanor?
I want a SRRV
Ok who cares
@kevink3975 shut up Mr negative
CLICK BAIT
You got weird ears Chad Spock comes to mind lol
The world would be a better place if everyone could freely move anywhere in the world they want to .
what about terrorists???
Jr said if you have a criminal record that you can't get an srrv. I'm from the United States and I have a past criminal record. So that means I can't get an srrv????
@@Christopher-wb4hr actually I think all he was referring to is if you have any violations here in the Philippines
@ChadFosterExplores ok. Thank you very much
Can you apply for a pardon? In Canada you can apply for a pardon after 5 years for some crimes but I’m not sure if there is a similar program in the States.
@@Christopher-wb4hr
That may not be accurate. I've read that a clean record certificate from authorities in your country is required and should be issued within 6 months of your arrival. In this case you may need to have any criminal records cleared up beforehand. Best to email JRC consultants for confirmation.
Most countries ask for last 3 years of residence @andrewmponeill