- Can foreign nationals own properties or businesses
in the Philippines?
- Are Filipinos living abroad entitled to dual citizenships?
- How does one qualify for SRRV or "Special
Retirees Return Visa"?
- I would like to purchase a 2nd home in the Philippines,
but I'm only there on short periods of time, Is there a way for
my property to be maintained in my absence?
- We would like to visit R.P. on a pleasure trip,
how's the peace and order situation there?
- What things should I consider when buying Real
Estate in the Philippines?
- Can Filipinos living abroad purchase Golf or Club
Shares? How does one maintain such and would it be a good investment?
- I’m planning to retire in my beloved homeland, are there
facilities designed for the elderly?
- Can foreign nationals own properties
or businesses in the Philippines?
Technically under the present scenario, foreigners can only own up to 40% of companies or corporations, the remaining 60% should be Filipino owned. Although there are initiatives in Congress that seeks to allow Foreign Investors up to 100% ownership in land and businesses. Though land ownership is limited, ownership of condominiums or townhouses with CCT(Condominium Certificate of Title) are allowed up to 40% of the number of units.
- Are Filipinos living abroad entitled
to dual citizenships?
Yes, provided they are natural born citizens under RA 9225, which states that all natural born citizens who become citizens of another country shall be deemed not to have lost their Philippine citizenship under certain conditions. ( see Dual Citizenship ) {www.bureauofimmigration.gov.ph}
- How does one qualify for SRRV or Special Retirees Return Visa"?
Any Foreigner including persons with Filipino blood planning to retire can apply for SRRV provided that he or she had previous association with the Philippines, must be at least 35 years of age, is a frequent traveler to the Islands or an elderly who need special care. Basically, SRR Visa is a special non-immigrants resident visa that provides it's holder with multiple entry and indefinite stay status, it also grant tax free incentives and privileges as well as value added service and benefits. ( see Phil. Retirement Authority ) {www.plra.gov.ph )
- I would like to purchase a 2nd home in the Philippines, but I'm only there on short periods of time, Is there a way for my property to be maintained in my absence?
There are several time share projects, condotels (Condominium-Hotel)
and other managed properties scattered across the archipelago
which earns income while you are away and lets you used it when
you visit on a programmed notice.
- We would like to visit R.P. on a pleasure trip, how's the peace and order situation there?
Peace and order situation is generally good especially in places frequented by tourist, such as Palawan, Boracay, Bohol among numerous vacation spots in the Philippines. Reputable hotels and resorts are recommended for a well-planned vacation.
- What things should I consider when buying Real Estate in the Philippines?
Location would be foremost on the list, proximity to shopping centers, schools, churches transportation and the like are a plus. However, dealing with reputable developers and licensed brokers gives you a sense of security. There are other considerations also which a seasoned real estate practitioner can point out to you.
- Can Filipinos living abroad purchase Golf or Club Shares? How does one maintain such and would it be a good investment?
Yes, Filipinos living abroad can buy propriety shares as an investment. Wise investors buy when the prices are low, so far prices here is still on the lower end. Golf enthusiast can avail the "Multiple Playing Rights Program" whereby ownership of one golf club share entitles him playing rights to several other golf courses.
- I'm planning to retire in my beloved homeland, are there facilities designed for the elderly?
Yes, several developers are embarking on more retirement villages. However, these facilities are different from that of the U.S. since Filipinos have closer family ties than that their American counterparts, our retirement villages are less lonelier and more personal.
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