Operating under the Department of Tourism (DOT), the Philippine Retirement Authority is a government-owned and controlled corporation dedicated to transforming the Philippines into a premier retirement destination in Southeast Asia. Its mandate is focused on accelerating socio-economic growth and strengthening foreign exchange reserves by promoting the country as a high-quality, affordable haven for foreign retirees. To achieve this, the PRA primarily administers and promotes the Special Resident Retiree’s Visa (SRRV), which offers foreign nationals the right to live, work, and invest in the country indefinitely.