Thread: Philippine Residency and/or Permanent Visa
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03-19-15 18:54 #347
Posts: 461Livin the dream!
Originally Posted by AsianRain [View Original Post]
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03-19-15 16:45 #346
Posts: 3266Fwiw
I have fiqured it would take $3,500 to $4,000 per month for me to be comfortable in Philippines. That is not taking in to account additional travel expenses or medical costs. This would only be a decent lifestyle with part-time liveout housecleaner / cook.
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03-19-15 16:39 #345
Posts: 3266USA expats
I heard from USA Embassy man that there are 300,000 retirees in Phillippines. 200,000 in the surrounding Cebu reporting area. What is interesting is major companies are building quite a few retirement and / or assisted living homes in the Cebu area. I am guessing the monthly costs are $1,500 plus or minus.
The other interesting thing is when I deplane in Manila from my flight from USA there are about a dozen wheelchairs and handlers waiting. Also there is a special immigration line for the wheelchairs. The people in the wheelchairs are 80+ yo Americans. I assumed they are headed for assisted living care facilities in the Philippines. Just an assumption on my part.
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03-19-15 16:13 #344
Posts: 946Really interesting to get that breakdown Huts. That's reality. For the guy who is going to live on half of that, I would be interested to see what they would cut out / down and what that would mean for lifestyle. Although it seems a million years from now, I have begun to ponder retirement and the lifestyle I would want to have. The "others" you mention at the end would add on quite a bit depending on personal lifestyle (e. G. Mongering habits, car, maid) and practical fate (e. G. Medical problems). And most guys who seem to be budgeting for far away retirement based on today's prices haven't factored in any concept of inflation. A venti latte won't cost the same 5 years from now.
Agree a million percent on one aspect: better to overestimate. I wouldn't want to find myself having taken a one-way ticket to the Duma Retirement Village at 65 only to find out that I have to make a daily choice between paying for aircon, paying for viagra or having clean shirts.
Really appreciate any other insights you might have on the cost of living elements. Enjoy the Philippines, AsianRain.
Originally Posted by Hutsori [View Original Post]
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03-19-15 12:01 #343
Posts: 461Other than basic fruits and vegetables, You're going to find healthy food ranging from hard to impossible to find in many places. So if you want to postpone those hospital visits, you probably want vitamins.
A single low quality 1,000 mg vitamin C starts at 4 pesos each if you can still find it in those small "Health" booths in the malls. At the GNC's you can find more things, but the price tag might give you a heart attack. The point is if you have an interest in anything more than very basic supplements, you're going to have to import them. If you keep your order under $150 USD, you won't get hit with a big tariff, just p100. So there's a couple hundred a month right there because shipping is going to run $60-$70. You can find a US company that uses USPS, and that transfers to PhilPost once it hits Manila. It sits there for a good week, so you'll probably see it in 2-3 weeks time.
Same goes for medicine, expensive. You're going to want a line on that too if you need it. And don't be surprised if the local pharmacy never even heard of what you're looking for.
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03-19-15 11:18 #342
Posts: 1459Originally Posted by Ezinho [View Original Post]
My approximate per month costs in Makati / Pasay.
Rental of furnished 1 BR condo inclusive of association fees, cable TV and Internet: p25,000.
Electricity: p5000 (This could be cut a lot by turning off the AC).
Groceries: p16,000 (I don't dine out too often).
Mobile: p300.
Transportation: p4000 (Taxis for night-time outings at p250 roundtrip + whatevs).
Movies: p2500 (Two tickets 4 times a month plus snacks).
Partying: p18,000 (Nightclub and 1-2 bars at p3000 once a week and cheaper outings other nights).
Dining out: p6000 (Dinner for two at p1500 once a week. On occasion special dinners, ex. B-day, Xmas at p4000-p6000).
Laundry + Ironing: p3000 (Most of my laundry is done at home. This is for washing large items and pressing of shirts and trousers).
Dating site membership: p1000.
Incidentals: p15,000 (I reckon p200 per day. Some days I spend nothing, other days it'll be more. A venti latte w / 2 extra shots of espresso is p200.)
Many of the costs are a bit high, but I'd rather over estimate costs and come in under budget than underestimate them and be screwed.
That's about p100,000 which is approx. U$2250. You'll note I haven't included any other costs such as travel to other cities, sport fees, shopping, gifts, etc. Visa fees depend where you're from and at which 2-month period you are at your stay. And as others note, health insurance and medical fees / prescriptions. I don't have a maid. I don't have a car.
I'm sure I've forgotten many things.
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03-19-15 10:22 #341
Posts: 6781Originally Posted by GoodEnough [View Original Post]
While he has insurance, the cost per day in the ICU unit was around 10-12 k PHP and on top were medicines, physio etc. He was there for 2 weeks just to stabilize his system. Think of the huge bill without insurance.
He is also a very nawty monger and his greatest concern was when and how he could shag. He asked the neurologist directly and received an equally direct answer LOL.
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03-19-15 10:02 #340
Posts: 4084Originally Posted by RedKilt [View Original Post]
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03-19-15 09:03 #339
Posts: 4051Originally Posted by RedKilt [View Original Post]
GE.
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03-19-15 05:10 #338
Posts: 3230Originally Posted by GoodEnough [View Original Post]
I find that when I spend any extended time in my wife's province, I spend around 1/8th of the budget I spend when in Manila so it is probably feasible if you don't hanker after the "western" lifelstyle or want to travel much (especially out of the country).
The big "elephant in the room" is the level of health care insurance one has, and whether there is any reasonable health care facility close to where a person decides to live.
As I get older, this factor seems to concern me more than anything else.
I need to live somewhere that I can get a competent doctor who, in the event of an unexpected life emergency, can give me sufficient life support to allow me to be transferred to a top-class medical facility. There are several placed sporadically in the country (Manila, Cebu and Davao), but nowhere else.
It may be the health factor that ends up sucking up the full budget of any retiree who is not covered by adequate health insurance.
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03-19-15 03:48 #337
Posts: 11Originally Posted by Ezinho [View Original Post]
GE is right in pointing out that it's insufficient to enjoy a similar Western lifestyle (own vehicle, decent accommodations not prone to floods or near squatter colonies, etc). One of the biggest expenses for any resident in the country is energy, whether gas for your car, electricity for your house and LPG for your stove. Power rates is what cripples the potential of the country.
If you regularly go after the ladies, you need more funds for your war chest.
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03-19-15 02:32 #336
Posts: 4051Originally Posted by Ezinho [View Original Post]
GE.
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03-19-15 02:08 #335
Posts: 698Retire In The Philippines With $200,000 Of Savings?
I saw this article on Yahoo today and wanted to get other's opinions on it:
http://www.investopedia.com/articles...00-savings.asp
What do you mongers think, is this doable with $200 K? The article says that will last 14 years, assuming you live on $1200 a month. Having said that, the article doesn't seem to take in to account inflation, or if the dollar weakens.
I'm in my mid-30's, so this doesn't apply to my age group, but I can dream, can't I?
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10-03-14 11:34 #334
Posts: 302The Alien Registration Project (ARP)
In today's national newspapers there is a full page advertisement by the Bureau of Immigration announcing it's Alien Registration Project (ARP).
"All foreign nationals are required to present themselves before the Bureau of Immigration for biometrics capturing and issuance of Special Security Registration Number (SSRN) 01 October to 30 September 2015. ".
There is a 5-step process with step 1 being to download the application form from www.immigration.gov.ph Step 4 is to pay the necessary fees ranging from 500-700 p depending upon holding of ACR I-card.
From the BI Frequently Asked Questions:
What happens if I do not participate in the ARP? "Liable to arrest and deportation if found in violation of immigration laws".
What happens if I do not participate in the ARP within the compliance period? "Penalty of Php200 per month but not exceeding P2,000 per year".
If I am an illegal foreign national, will I be deported if I participate in the ARP? "No. Those illegally staying will be advised on the process to comply with immigration laws".
Exemptions:
-Those with valid ACR I-Card (except tourist ACR I-Cards).
-Tourist whose stay has not exceeded 59 days.
-"Those who are exempt from registration pursuant to law".
It doesn't specifically say so but I have enquired and found out that if you are here and registered under the Philippines Retirement Authority SRRV Scheme you are also exempt.
KongKing.
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02-10-14 21:27 #333
Posts: 236Beware. XXL
Murphy's Law is always in play in this country."What can go wrong, will go wrong." At least, it's always lurking, ready to bite!