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  1. #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


  2. #2
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    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


  3. #3
    Administrator KeithD's Avatar
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    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


  4. #4
    Respected Member ginapeterb's Avatar
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    Quote Originally Posted by bensyboy
    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

    Go to my website and read this section

    http://www.british-filipino.com/realestate.html

    It has everything you need to know.


  5. #5
    Administrator KeithD's Avatar
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    Good timing eh Pete?
    Keith Driscoll - Administrator
    Managing Director, Win2Win Limited


  6. #6
    Respected Member ginapeterb's Avatar
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    Quote Originally Posted by Win2Win
    Good timing eh Pete?
    Yes its funny how questions come up, and it was there just at the right time, Pete does it again.


  7. #7
    Respected Member Eljohno's Avatar
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    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


  8. #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 !


  9. #9
    Respected Member Eljohno's Avatar
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    Quote Originally Posted by mupsuit
    I found the Rustan website - it has their current foodstuff pricelist

    useful information if you are considering a move !
    Can you explain more as i do not know what Rustan is?


  10. #10
    Administrator KeithD's Avatar
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    Quote Originally Posted by Eljohno
    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
    Remember Pete's 10% commission
    Keith Driscoll - Administrator
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  11. #11

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    Rustan

    Quote Originally Posted by Eljohno
    Can you explain more as i do not know what Rustan is?
    Rustan is a major supermarket / department store chain - perhaps a bit more upmarket than SM - I have seen them in the Manila area and thought they were national but I assume from your post that they are not in the south area where you have been


  12. #12
    Respected Member A_flyer's Avatar
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    Quote Originally Posted by mupsuit
    Rustan is a major supermarket / department store chain
    They are only in Metro Manila aera, here is their store list: http://supermarket.rustans.com/index.php?link=branches
    Best regards.
    Yves


  13. #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.


  14. #14
    Moderator fred's Avatar
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    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!!


  15. #15
    Moderator fred's Avatar
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    Bet you cant guess what word ***** was???


  16. #16
    Administrator KeithD's Avatar
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    Mancs
    Keith Driscoll - Administrator
    Managing Director, Win2Win Limited


  17. #17
    Moderator joebloggs's Avatar
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    hmm a five letter word

    connected with scousers

    loser
    brats
    fagot
    crazy
    bogey
    butts
    creep

    oh i could go on and on !!


  18. #18
    Respected Member jonnijon's Avatar
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    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


  19. #19
    Moderator fred's Avatar
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    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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