Working timeline

The official charters make the filing stages look fairly fast. In practice, the slowest parts are usually before and between official approvals:

document gathering
police clearance and authentication
medical certificate and BOQ handling
wiring / bank setup
figuring out a BOI-compliant stock execution path

Practical timeline estimate

Stage	Best-case official signal	Realistic planning note
Pre-filing prep	No single government SLA	Usually 1 to 4+ weeks depending on civil documents, police clearance, bank setup, and whether you are abroad
BOI probationary endorsement	About 15 minutes + 1 working day + 3.5 working days in the 2025 BOI charter	Plan around 1 week once the file is complete
BI probationary implementation	5 working days at the Makati Immigration Extension Office	Plan around 1 week, plus BOI liaison movement
Deposit-to-investment conversion	No fixed short SLA; depends on your bank + broker + issuer side	This can be the most operationally messy stage if you use publicly listed shares
Deadline to show proof of investment	Must invest within 180 days of probationary SIRV; BOI says show proof at least 30 days before expiry	Treat this as a hard planning deadline
BOI conversion to indefinite endorsement	About 15 minutes + 1 working day + 3.5 working days in the 2025 BOI charter	Roughly 1 week if documents are clean
BI conversion / implementation	Older BOI guidebook cites BI minimums of 10 working days; BI office charters may differ by workflow	Plan 1 to 3 weeks to stay conservative

Sources:

Official fee stack

BOI-side fees

The SIRV fee schedule in the implementing rules and BOI materials currently points to:

Fee item	Amount
Application fee	US$300 each
Conversion of time deposit to investments	PHP 1,000
Conversion of probationary to indefinite SIRV	PHP 2,000 each
Issuance of SIRV identification card	PHP 2,000 each
Certifications / documentary outputs	PHP 750
Fine for failure to invest on time and/or submit annual reports on time	PHP 1,000 + PHP 100 per day late

Sources:

BI-side fees

The BI Makati charter lists:

BI item	Amount
Probationary SIRV, adult	PHP 10,110
Probationary SIRV, minor	PHP 9,360
Extension of probationary SIRV	PHP 960
Probationary to indefinite	PHP 1,010

Source:

BI Makati Immigration Extension Office Citizens' Charter 2023 PDF

What this means in cash terms

Minimum government-fee picture for one adult principal

This is the approximate official-fee stack before dependents and before your professional / documentary / trading costs:

Item	Amount
Required investment capital	US$75,000
BOI application fee	US$300
BI probationary visa fee	PHP 10,110
BOI conversion of deposit to investment	PHP 1,000
BOI conversion to indefinite	PHP 2,000
BI probationary-to-indefinite	PHP 1,010
SIRV ID	PHP 2,000

That totals roughly:

US$75,300 in capital + BOI application fee
PHP 16,120 in the main Philippine-peso government fees for one adult principal

I am intentionally keeping this as a base-case official-fee estimate, not an all-in budget.

Costs people usually under-budget

Documentary and compliance costs

Police clearance fees
Apostille / consular authentication
Translation if records are not in English
Medical certificate costs
Bureau of Quarantine validation-related time/cost
Photos, notarization, courier, and incidental admin expenses

Stock-route execution costs

If you use publicly listed shares, you may also face:

Broker fees
Transfer fees
Corporate secretary / transfer agent charges
Costs of issuing or annotating a stock certificate
Extra certification requests from BOI

This is where a plain "US$75k in stocks" plan can become meaningfully more expensive and more fragile than it first appears.

Professional help

If you use counsel or an immigration handling service, that is separate again. I have not inserted any private-firm pricing because it varies widely and was not confirmed from official sources in this research pass.

The deadline that matters most

The most important timing rule is the 180-day probationary window.

BOI's 2023 FAQ says:

the probationary SIRV is valid for six months / 180 days
you should show proof of investment at least 30 days before the 180-day period expires
if the investment is made beyond the 180-day period, penalties may apply

If you are going to use listed shares, do not assume you can fix documentation at the end. The stock certificate / annotation / broker paperwork risk means you should build buffer early.

Timeline And Costs