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Philippines Expat Forum The Philippines Expats Forum is dedicated those individuals that have chosen to make Philippines their new home. This forum is an ideal place for Expats now living in Philippines to meet and discuss all aspects to their new way of life.

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Where to live - Page 4


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  #31 (permalink)  
Old 20th March 2013, 07:39 PM
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Quote:
Originally Posted by tommyback View Post
Expats can own land in the Philippines w/o being married to a native. There are assigned lots for that, and tax might be higher than for Philippinos. I don't think you need to have residency for that, but if so, if you can afford to lot & house you can afford to pay for your residency. There are different ways of getting residency, dectribed in the Philipino government site. Some years agonyou could get a resideency for about 6000 dollars "no questions asked".
I have not heard anything like this before. I am not saying you are wrong but could you please elaborate?

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  #32 (permalink)  
Old 20th March 2013, 07:57 PM
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Land can be acquired through a corporation. Corporations can only be, at the maximum, 40% foreign-owned.
Foreigners cannot own private land, but can own property likecondominium units or apartments. They can also buy a house but not the land on which it is built. Leases on land up to 50 years, renewable for another 25 years, are available.
The maximum area that may be acquired for residential purposes is 1,000 square meters of urban land or one hectare of rural land.

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  #33 (permalink)  
Old 21st March 2013, 03:37 AM
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Quote:
Originally Posted by tommyback View Post
Land can be acquired through a corporation. Corporations can only be, at the maximum, 40% foreign-owned.
Foreigners cannot own private land, but can own property likecondominium units or apartments. They can also buy a house but not the land on which it is built. Leases on land up to 50 years, renewable for another 25 years, are available.
The maximum area that may be acquired for residential purposes is 1,000 square meters of urban land or one hectare of rural land.
I agree with this! But you also wrote before “Expats can own land in the Philippines w/o being married to a native.” In the example you just wrote the corporation owns the land. “There are assigned lots for that, and tax might be higher than for Philippinos.” What lots? Where did you get this info? “ Some years agonyou could get a resideency for about 6000 dollars "no questions asked".????

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