Real Estate Transaction Costs in Bohol Philippines
Real Estate Transaction Costs in the Philippines
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Steps to Gain Dual Citizenship – Philippines
Steps to Gain Dual Citizenship – Philippines
Steps to Gain Dual Citizenship – Philippines Read More »
Filipinos & Former Filipino Citizens (Balikbayans) & OFW
Filipinos & Former Filipino Citizens (Balikbayans) & OFW Former natural-born Filipinos who are now naturalized citizens of another country can buy and register land in the Philippines under their own name but limited in land area. However, those who avail of the Dual Citizenship Law in the Philippines can buy as much as any other Filipino
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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
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Foreigners Married to a Filipino Citizen
Foreigners Married to a Filipino Citizen In holding a title as an individual, a typical situation would be that a foreigner married to a Filipino citizen would hold title in the Filipino spouse’s name. The foreign spouse’s name cannot be on the title but can be on the contract to buy the property. In the
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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
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Foreigners Owning Houses in the Philippines
Foreigners Owning Houses in the Philippines Foreigners owning a house or building in the Philippines is legal as long as the foreigner does not own the land on which the house is build.
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Foreigners Leasing Bohol Real Estate Property
Foreigners Leasing Of Philippine Real Estate Property Leasing land in the Philippines on a long term basis is an option for foreigners or foreign corporations with more than 40 percent foreign equity. Under the Investor’s Lease Act of the Philippines a foreign national and or corporation may enter into a lease agreement with Filipino landowners
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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
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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
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