Retired foreigners can pay P1.5M for unlimited legal stay in PH

Senator Loren Legarda expressed dismay Tuesday over the regulation of the Philippine Retirement Authority (PRA) allowing retired foreigners to stay legally in the Philippines for as long as they want in exchange for a US$20,000 fee, saying it's no wonder that many criminal syndicates are able to exploit this to find safe haven in the country.

Retired foreigners can pay P1.5M for unlimited legal stay in PH

Senator Loren Legarda expressed dismay Tuesday over the regulation of the Philippine Retirement Authority (PRA) allowing retired foreigners to stay legally in the Philippines for as long as they want in exchange for a US$20,000 fee, saying it's no wonder that many criminal syndicates are able to exploit this to find safe haven in the country.