Changes, Updates, and Current Services of the PRA

New PRA Visa: For those that want to enter the Philippines for longer than 3 weeks and shorter than one year the PRA will have a new Visa. This visa can be obtained online. It is a one time entry and exit visa.

Greet N' Assist Program:

1. Meeting retirees at the airport for additional help in the move.
2. Assistance In securing:
   1. Driver's License (LTO)
   2. NBI Clearance
   3. Tax Exemption (DOF)
   4. AEP (DOLE)

Manila International Airport Authority Incentives:

1. Exclusive lane for retirees (departure and arrival)
2. Retirees' Information/ Assistance Desk
3. Use of VIP Lounge

PHILIPPINE ECONOMIC ZONE AUTHORITY(PEZA) INCENTIVES

1. Income Tax Holiday (ITH) or Exemption from Corporate Income tax for four years, extendable to a maximum of eight years;
2. After the ITH period, the option to pay a special 5% Tax on Gross Income, in lieu of all national and local taxes;
3. Exemption from duties and taxes on imported capital equipment, spare parts, supplies,and raw materials.
4. Domestic sales allowance of up to 30% of total sales;
5. Exemption from wharfage dues and export taxes, imposts and fees;
6. Additional deduction of 50% of the total cost of manpower training
7. Special Visa for foreign investors and immediate family members
8. Employment of foreign nationals and dependents

Changes,Updates, and Current Benefits:

1. Permanent Residency with multiple entry and indefinite stay.
2. Exemption from exit Clearance and Re-Entry Permit.
3. Exemption from Custom Duties and Taxes for personal effect up to 7000 USD.
4. Option of including Dependents to the Program.
5. Tax-Free remittance of annuities and pensions.
6. Guaranteed repatriation of the deposit/investments.