Clark Green City
Foreigners who wish to make their permanent stay in the Philippines must apply for a Special Resident Retiree’s Visa (SRRV) at the Philippine Retirement Authority (PRA). The SRRV allows foreigners to work or study in the country and they may also travel outside and re-enter anytime they wish. SRRV holders are exempt from paying the income tax on pension and annuities, customs duties and taxes on selected goods.
The 9,450-hectare Clark Green City, which is expected to break ground in 2016, is expected to serve as the urban core of the Central Luzon metropolis. This new city is also seen to play a crucial role in increasing the country’s competitiveness amid the ongoing regional economic integration among the member states of the Asean.
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