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10th September 2006 #1
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Rights to property in Philippines
Hi,
Could someone advise me what my rights as an alien are to own property in the Philippines? I am intending to marry my Fiance but would like to own property myself in case of any problems in the future.
I have looked at the Phil Gov website and it seems that I will not be able to legally own the property myself?
Thanks in advance
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10th September 2006 #2
I dont know if this bit of news from a Phil realtor is any good,
but it might appease your fears a bit...
Real Estate Law in the Philippines
This is a complex subject that changes; you will always need to consult a Cebu Realtor to check the latest developments. To give a general idea however, here are some guidelines.
Non-Filipinos (foreigners) who are NOT married to a Filipino:
- you can own a house but not the land it stands on; you can lease the land or form a corporation. The corporation is to be 40% foreign-owned (maximum) and 60% Filipino-owned (minimum), and with at least five incorporators. Upon incorporation, a main bank account should be tied to it. A foreign national may be the sole person in the bank account, allowing him/her total control over the funds derived from the corporation and the income or sale of the asset or property.
- you can however own a condominium unit or townhouse unit.
Non-Filipinos (foreigners) who are married to a Filipino:
- your spouse can own property. This means that when your husband/wife dies, you as the natural heir will become the legal owner of his/her property. The same is true for the children. Every natural child (legitimate or illegitimate) can inherit the property of his/her Filipino father/mother even if he/she does not have any Filipino citizenship.
I don't know how often they move the goalposts there, or how far.....
so you have to make some more enquiries. but this comes from a realtor website.
Sorry i cannot be of more help.
Dom
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10th September 2006 #3
As far as I'm aware their is a bill going through now that is supposed to loosen up all the red tape with regard to outside investors.....I'll believe it when I see it though
Keith Driscoll - Administrator
Managing Director, Win2Win Limited
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11th September 2006 #4Originally Posted by bensyboy
Go to my website and read this section
http://www.british-filipino.com/realestate.html
It has everything you need to know.Pete_Forum Moderator
Philippines marriage, Courtships, UK Entry Clearance
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11th September 2006 #5
Good timing eh Pete?
Keith Driscoll - Administrator
Managing Director, Win2Win Limited
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11th September 2006 #6Originally Posted by Win2WinPete_Forum Moderator
Philippines marriage, Courtships, UK Entry Clearance
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11th September 2006 #7
Your advice is invaluable Pete and i am sure one day i will be looking to buy property in the Philippines so at least now i know how to go about it
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11th September 2006 #8
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Living in the Philippines
I found the Rustan website - it has their current foodstuff pricelist
useful information if you are considering a move !
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11th September 2006 #9Originally Posted by mupsuit
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11th September 2006 #10Originally Posted by EljohnoKeith Driscoll - Administrator
Managing Director, Win2Win Limited
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12th September 2006 #11
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Rustan
Originally Posted by Eljohno
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12th September 2006 #12Originally Posted by mupsuitBest regards.
Yves
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23rd March 2007 #13
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according to the philippine constitution only filipinos can own lands in the philippines but there are always exception likeif your married to a filipina then you can own land but under the name of your wife and you.
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24th March 2007 #14
As far as I know,Under no circumstance except for willed inheritance from a spouse can a foreigner own land ...FULL STOP.
The lease thing sounds good until it is challenged by a seperated/angry spouse or next of kin in a Filipino court of law and when the ***** hits the fan the judge will quote from the anti dummy laws that will render your lease null and void. (lease between husband and wife)
Filipino 1 Foreigner 0
Final score!!
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24th March 2007 #15
Bet you cant guess what word ***** was???
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24th March 2007 #16
Mancs
Keith Driscoll - Administrator
Managing Director, Win2Win Limited
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25th March 2007 #17
hmm a five letter word
connected with scousers
loser
brats
fagot
crazy
bogey
butts
creep
oh i could go on and on !!
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24th June 2007 #18
Just found out if you have a 13g residence visa you,as a foreign national can own up to 1000 sq mtr of land.Check out the live in the philippines blog
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24th June 2007 #19
Back to the drawing board!!
The 13g visa is a visa for previous Filipino nationals,those that surrendered Filipino pasports and become British etc..
Not really much in demand anymore as they can now get dual citizenship without land ownership limits.
As a foreigner I now have a 13a visa(well almost) which means that I do not need to keep leaving the country as those with tourist visas do annually.
My rights to own land are still zero unfortunatley..
Niltch..nada..wala..NOTHING..bugger all.
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