Today we got a comment and question from Warren.
This is what Warren had to say:
We will be moving to Manila next year from New Zealand im a Kiwi married to a Filipino,We got married in Manila 6 years ago and now have 4 children(1 set of twins),I have researched about all types of visa etc and are not really convinced about the SRRV visa.We will be funding ourselves and the education of our children from investments in NZ We will have approx $100k us to live on .I don,t intend to work, have a business etc.My reseach also questions the tax laws,ie estate and gift duties, capital gains taxs, and other I don,t know about.What is your thoughts on what we are doing?
Hi Warren – Since you are married to a Filipino, I see no reason why you should even consider an SRRV Visa. You are entitled to a 13(a) or (g) Resident visa and don’t have to invest the money.
When you say taxes… are you talking about Philippine taxes? If you are a foreigner (which you are!), and the source of your income is from outside the Philippines, there is no Philippine tax due on the income.