- Philippine Citizens who retain residency in the Philippines.
- Philippines who work overseas but maintain their citizenship in the Philippines.
- Philippine dual citizens. This includes those who are considered a citizen of two different countries. This means those who may have one Filipino parent and one who was born in a different country. It may also apply to natural born citizens who retain citizenship in another country without attempting it. This could mean foreign naturalization. It could also apply to natural born citizens who may have been a citizen in another country but have now decided to get back their own citizenship in the Philippines.
- Philippine Corporations who have a stock value which totals at least 60% owned by corporations in the Philippines. Corporations may lease, but they may not own, any public agricultural land which goes over 1,000 hectares for more than two 25-Year periods. They may also not own private agricultural land which goes over 5 hectares.
These methods include:
Leasing the Property is perhaps one of the most common methods for acquisition of a property in the Philippines. With this method you will be leasing either public or private land for a period of 25 years followed by an automatic renewal period of 25 years. This should help you to make a return on your investment. However, the nature of acquiring property in this way can make it very difficult to make a decent return on investment.
Leasing a property is generally ideal for those who are considering living in the country as opposed to just making profit through lettings. The process for obtaining a list by a foreigner is far easier than if you go through other Asian countries. It is simple and does not take up too much time. The lease can be done directly through the owner of the property.
If you are in a relationship with a Filipino or know somebody from the Philippines who you can trust, then you will be able to put the property in their name. However, bear in mind that in some cases this can be risky. That being said, it is one of most popular methods for those who are purchasing property on a smaller scale.
If you are a former citizen of the Philippines then you will automatically have a right to purchase property within the Philippines.
If you can, you may want to look into the idea of purchasing a condominium unit. Through one of these you will own 100% of the unit. However, you are not allowed to own more than 40% of the whole project.
There are many people out there who will look into the idea of forming a corporation to purchase property. This is probably one of the best methods for those who are looking into large scale property investment. A maximum of 40% investment is able to come from foreign investors. The rest of it needs to be made up by Filipino capital. The majority of large resorts and businesses within the country are purchased by corporations.
Finally, you may inherit the land if your former spouse dies. You will automatically be a compulsory heir along with your children and thus become the legal owners of the property.
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