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Thread: How to become a Filipino citizen
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21st March 2017 #1
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How to become a Filipino citizen
Well here's the latest listing of needs:-
http://primer.com.ph/tips-guides/201...ipino-citizen/
I didn't see any mention of the requirement to renounce your existing citizenship due to foreigners not being able to be dual citizens..............maybe it changed?
Anyone know?
I'll never do it anyway
Might be worth it for some of the older senior citizens who could benefit greatly from a medical aspect.
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21st March 2017 #2
Ive read the requirements before a few times...It`s there!! Renounce your Brit citizenship!! Not a chance mate.
Even if you did it..The only benefit would be that you could own land here and vote...
Whoopydo!!
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21st March 2017 #3
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21st March 2017 #4
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21st March 2017 #5
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21st March 2017 #6
- Join Date
- Aug 2010
- Location
- Marikina City
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- 26,785
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- 150
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21st March 2017 #7
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21st March 2017 #8
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21st March 2017 #9
Did i dream this, but if we had kids and a property in the Philippines, and something happened to Emma',
The house would be mine until the kids come of age then it will past onto them when I die,
Or was this some sort of nightmare.
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21st March 2017 #10
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21st March 2017 #11
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22nd March 2017 #12
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22nd March 2017 #13
Dont have the answer to that Harry , but i am sure someone will.
Best bet is to stay as we are and just rent places for months on end where ever we think we would like to be, remember we have the main house in Marikina as our home.
But like many say, until you are there , its all guess work .
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22nd March 2017 #14Effectively..The foreigner own`s nothing ..They cannot purchase or own land except in certain cases via hereditary succession.
It`s very complicated when it comes to Inheritance laws and foreigners "rights"
If your Filipino spouse dies and you have kids,the estate can and will be divided to both the kids and the foreigner proportionally according to the R.P constitution.
If she dies and there are no kids in the union then it seems to me that the compulsory heir system can and will kick in, leaving the foreigner way down the bottom of the list.
Compulsory heirs..
- Primary – legitimate children and/or descendants
- Secondary – legitimate parents and/or descendants; illegitimate parents
- Concurring – surviving spouse; illegitimate children and/or descendants
Who ever inherits the property has 6 months to pay ALL estate taxes before heavy and regular fines are imposed.
If you look at the tax system on land and property here,it slowly begins to occur to me that the real owners were the R.P government all along.
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22nd March 2017 #15
Fred what are the estate taxes, is it something life a death duty or something,
If you are up to date with your taxes , is this a extra one that occurs once some one dies and leaves a house .
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22nd March 2017 #16
- Join Date
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- 26,785
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As far as I'm aware it's like this, REP Tax (Real Estate Property Tax) is payable annually. If you pay it within a certain period you get 50% reduction on the total amount.
Here in Metro Manila the RPT is 2% of the 'assessed' value of the property.
Our properties in the province have a RPT of 1% of the 'assessed' value of the property.
The assessed value is actually supposed to be a general 'fair market value'
multiplied by an assessment factor. All this is arrived at through the various ordinances of the city LGO or provincial LGO.
It's actually very cheap based on my experience when paid annually with discount. If it's not paid (often the case it seems) then interest and penalties can increase the amount significantly year by year. Eventually someone has to pay one way or another.
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22nd March 2017 #17
- Join Date
- Aug 2010
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- Marikina City
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- 26,785
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I know a Brit who lives a short drive outside Davao.
He and his Filipina wife owned quite a substantial farm both in land size and business turnover.
His wife passed away. They had no children and she also had no remaining family
The British guy is currently legal owner of the farms and the businesses.
He has been informed when he passes away himself it all goes to the government
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22nd March 2017 #18
So i had better ask to see if this has been paid regular like every year or there could be a big bill.
If that is the case then. Why bother it's not mine
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22nd March 2017 #19
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22nd March 2017 #20
It`s the same as inheritance tax Steve, owed by your loved ones after death..It includes pretty much everything you own including bank savings,property,land etc..You name it.
If even one spouse kicks the bucket,the law kicks in and 50% has to be paid within 6 months before fines incur..Usually by the surviving spouse.
We have taken out a life insurance policy to protect each other and our kids..
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23rd March 2017 #21
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