---
title: "Timeline And Costs"
description: "Official processing windows, practical timing, and the government and non-government cost stack."
order: 2
updatedAt: "2026-03-30"
audience: "Applicant"
highlights:
  - "Official office processing can look fast on paper; document prep and stock-structure coordination are usually the slow parts."
  - "Government fees are separate from the US$75,000 capital requirement."
  - "The 180-day probationary period is the deadline that matters most."
---

# 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:

- [BOI 2025 Citizens' Charter, probationary SIRV endorsement](https://www.boi.gov.ph/wp-content/uploads/2025/04/1st-Edition-2025-BOI-Citizens-Charter.pdf)
- [BOI 2025 Citizens' Charter, indefinite SIRV endorsement](https://boi.gov.ph/wp-content/uploads/2025/12/Issuance-of-Endorsement-for-Indefinite-Special-Investors-Resident-Visa.pdf)
- [BI Makati Immigration Extension Office Citizens' Charter 2023 PDF](https://immigration.gov.ph/wp-content/uploads/2023/11/MAKATI.pdf)
- [BOI 2022 Investor's Guidebook](https://www.boi.gov.ph/wp-content/uploads/2022/07/2022-Investors-Guidebook-as-of-06-June-2022.pdf)

# 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:

- [EO 226 implementing rules, Rule on SIRV fees and fines](https://boi.gov.ph/wp-content/uploads/2020/06/RULES-AND-REGULATIONS-TO-IMPLEMENT-EXECUTIVE-ORDER-NO.-226.pdf)
- [BOI 2022 Investor's Guidebook](https://www.boi.gov.ph/wp-content/uploads/2022/07/2022-Investors-Guidebook-as-of-06-June-2022.pdf)
- [BOI SIRV FAQ 2023 PDF](https://www.boi.gov.ph/wp-content/uploads/2023/08/SIRV-FAQ-ao-2023-v.pdf)

## 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](https://immigration.gov.ph/wp-content/uploads/2023/11/MAKATI.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.