Former Natural-born Philippine Citizen now Naturalized American Citizen

Former Natural-born Philippine Citizen now Naturalized American Citizen Any natural-born Philippine citizen who has lost his Philippine citizenship may still own private land in the Philippines up to a maximum area of 5,000 square meters in the case of rural land. In the case of married couples, the total area that both couples are allowed …

Former Natural-born Philippine Citizen now Naturalized American Citizen Read More »

Foreigners Owning Condominiums & Townhouses in the Philippines

Foreigners Owning Condominiums & Townhouses in the Philippines The Condominium Act of the Philippines, R.A. 4726, expressly allows foreigners to acquire condominium units and shares in condominium corporations up to not more than 40% of the total and outstanding capital stock of a Filipino owned or controlled condominium corporation. However, there are a very few …

Foreigners Owning Condominiums & Townhouses in the Philippines Read More »

Foreigner Ownership as a Philippine Corporation

Foreigner Ownership as a Philippine Corporation Foreign nationals or corporations may completely own a condominium or townhouse in the Philippines. To take ownership of a private land, residential house and lot, and commercial building and lot foreigners may set up a Philippine corporation in the Philippines. This means that the corporation owning the land has …

Foreigner Ownership as a Philippine Corporation Read More »

The procedure for buying real estate in the Philippines

Foreigners (non-Filipinos not including former Filipinos) can not buy property outright. The easiest way for a non-Filipino to buy property is to have a Filipino spouse purchase the land. Former Filipinos can buy land up to a certain amount. The foreigner can own the building but not the land, unless the foreigner has a Philippine …

The procedure for buying real estate in the Philippines Read More »

Compare