You can file this when you arrive in the Philippines if you want go to any of the Bureau of immigration centers to file your application or choose an agent that will do all the hard work for you, depending on what option you want you’ll need to invest between $10 000 - $50 000 in an approved Philippines bank, the money can be used to buy property, however keep in mind non - Philippines citizens cannot own physical land, only condos, and even then at least 60 % of the condos must be owned by locals, or the money can also be used to cover a long term lease.
You’ll need to file for the extension first so initially apply for the extra 29 day extension then file for the next one which is a multiple choice of 1 month, 2month or 6 month extensions which can be done for up to 3 years then you’d have to leave. Some argue that the SRRV is less of a hassle as it only requires one application process whereas with the extensions you’ve got to go into the Bureau of immigration every few months so what I mean do you not go shopping because you have to shop every week?
Think the SRRV is more expensive as you have produce the deposit of up to $50 000 depending on your option no deposits required for extensions just the fee which can be done rather quickly if you know which center to get processed at. In Manila there are quite a few centers that will process your extension.
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