The Philippine Retirement Authority (PRA) was signed into law almost 30 years ago by former President Ferdinand E. Marcos. On May 12, 2009, PRA became an attached agency of the Department of Tourism under the supervision of the Secretary.
PRA’s mandate or vision is “to attract foreign nationals and former Filipino citizens to invest, reside and retire in the Philippines with the end-view of accelerating the socio-economic development of the country, contributing to the foreign currency reserve of the economy and by providing them the best quality of life in the most attractive package.”
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