Permanent Residency in South East Asia: Why the Philippines FIV Outshines MM2H, Thai Elite Visa, and More!!

5 min readAug 22, 2024

Residency by Investment (RBI) programs in Asia have exploded in popularity as countries compete to attract foreign direct investment and skilled professionals. With globalization driving demand for alternative residency and citizenship options, the Philippines has positioned itself as a prime destination. Among the diverse Asian RBI landscape, the Philippines FIV Investor Visa shines as a standout choice for global citizens seeking a pathway to long-term residency in a tropical paradise. This article provides a comprehensive comparison of Asian RBI programs, highlighting the distinctive benefits of the Philippines FIV.

Overview of Residency by Investment Programs in Asia:

1. Philippines FIV Investor Visa

The Philippines FIV Investor Visa is designed to attract foreign nationals willing to invest in the country.

Investment Requirement: A minimum investment of $75,000 in an approved enterprise.
Residency Status: Permanent residency as long as the investment is maintained, with no expiration date on the visa itself.
Family Inclusion: Investors can include their legally married spouse and unmarried children under 21 for an additional processing fee of $2,500 per dependent.
Work Authorization: FIV holders can work anywhere in the Philippines without needing a separate work permit.
Pathway to Citizenship: FIV holders can apply for Philippine citizenship without renouncing their original nationality after fulfilling specific residency requirements.
Processing Time: The application process typically takes about 5 business days.

2. Singapore — Global Investor Program (GIP)

Singapore’s Global Investor Program (GIP) is one of the most prestigious residency programs in Asia.

Investment Requirement: A substantial investment of S$10 million (approximately $7.42 million) in a qualifying business or S$25 Million in a GIP Approved fund.

Or, invest a minimum of S$50 million in a Singapore-based single family office with at least S$200 million AUM.

Residency Status: Permanent residency granted, with eligibility for citizenship after two years.
Family Inclusion: Immediate family members can be included in the application.
Work Authorization: Permanent residents can work in Singapore without restrictions.
Processing Time: Typically 9 to 12 months.

3. Malaysia — Malaysia My Second Home (MM2H)

The MM2H program is aimed at retirees and expatriates looking for long-term residency in Malaysia.

Investment Requirement: A minimum of MYR 1 million (approximately $220,000) and a monthly income of MYR 10,000 (around $2,200).
Residency Status: Long-term visa valid for 10 years, renewable.
Family Inclusion: Spouses and children can be included in the application.
Work Authorization: Holders can work but need to apply for a separate work permit.
Processing Time: Approximately 3 to 4 months.

4. Indonesia — Second Home Program

Indonesia’s Second Home Program targets retirees and high-net-worth individuals.

Investment Requirement: 2 billion IDR (approximately $135,000) in savings or pension funds.
Residency Status: A 10-year visa for individuals aged 55 and older.
Family Inclusion: Dependents can be included, but additional requirements may apply.
Work Authorization: Limited; holders may need to apply for a work permit.
Processing Time: Generally efficient, but varies by applicant.

5. Thailand — Thai Elite Visa

The Thai Elite Visa program offers various membership tiers with different durations, benefits, and costs:

Gold: 5-year membership, 5-year visa, 20 points/year

Platinum: 10-year membership, 5-year renewable visa, 35 points/year

Diamond: 15-year membership, 5-year renewable visa, 55 points/year

Reserve: 20+ year membership, 5-year renewable visa, 120 points/year (invitation only)

Residency Status: Offers multiple-entry visas with extended stay periods.
Family Inclusion: Spouses and unmarried children under 20 years old can be included.
No work permit: The Thailand Elite Visa is a tourist visa, not a work permit.
Processing Time: The application process can take between one to three months.

6. Hong Kong — Capital Investment Entrant Scheme (CIES)

Hong Kong’s CIES was reintroduced in 2023 after a hiatus.

Investment Requirement: A minimum investment of HKD 30 million (approximately $3.8 million) in permissible investments.
Residency Status: Permanent residency is available after seven years.
Family Inclusion: Immediate family can be included in the application.
Work Authorization: Permanent residents can work freely.
Processing Time: Varies, typically 1 to 9 months.

7. South Korea — F-2 Investor Visa

South Korea offers the F-2 Visa for foreign investors.

Investment Requirement: KRW 300 million (approximately $260,000) in a business.
Residency Status: Potential pathway to citizenship after five years.
Family Inclusion: Family members can be included.
Work Authorization: Holders can work without restrictions.
Processing Time: Typically a few months.

Why the Philippines FIV Wins

1. Lower Investment Threshold

The FIV requires only a $75,000 investment, significantly lower than many other programs, making it accessible to a broader audience.

2. Permanent Residency with No Expiration

Unlike many programs that require periodic investment for renewals, the FIV grants permanent residency as long as the investment is maintained, providing peace of mind for investors.

3. Family-Friendly

The ability to include dependents in the application for a reasonable fee is a considerable advantage, making it easier for families to relocate together.

4. Work Flexibility

FIV holders can work anywhere in the Philippines without needing additional permits, offering greater employment and business opportunities compared to other programs.

5. Pathway to Citizenship

The option to apply for citizenship after a relatively short period of residency (5 to 10 years) is appealing for those looking to settle long-term.

6. Quick Processing Time

A one week processing time for the FIV is the fastest in Asia, allowing for swift relocation.

7. No Physical Presence Requirement

FIV holders are not required to reside in the Philippines continuously, allowing for flexibility in living arrangements.

Conclusion

The Philippines FIV Investor Visa (FIV) stands out among residency by investment programs in Asia for its combination of low investment requirements, permanent residency status, family inclusion, work flexibility, and a clear pathway to citizenship. While other countries offer attractive programs, the FIV’s unique benefits make it a compelling choice for individuals and families looking to establish a long-term presence in Asia. With its rich culture, beautiful landscapes, and welcoming atmosphere, the Philippines presents an enticing opportunity for foreign investors seeking a new home.

Learn more and book a consultation at PhilippinesFIV.com or by emailing contact@philippinesFIV.com