Rights of foreigners when buying property in the philippines

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elmio24 New member

Member since 27 August 2017

elmio24New member04 September 2017 11:23:12

To all foreigners, lets help each other and discuss about your right when you buy properties in philippines.. lets also share some tips to those who are new in buying properties here in philippines

action1976 Member

Member since 12 September 2017

action1976Member12 September 2017 16:00:56

I'm wanting to buy a bar in Puerto Princess palawan Philippines, how do I go about not having a Phillipino wife, I need some info on having a partner and any other info on owning a bar please

elmio24 New member

Member since 27 August 2017

elmio24New member18 September 2017 02:01:58

Hi action! What do i call you? U can call me el

Regarding your concern, theres ruling for foreigners before they can own real property here in ph.

In your case, since you are not married to a filipina, you need to firm a cirporation In order for u to acquire a property.
The corporation must comprise 40% ownership to foreigners and 60% ownership filipino.

Like what happened to my korean friend, hes planning to put up a coffee shop but he doesnt want to marry a filipina because hes married already. So the best thing for him to do is form a corporation..

its just simple.. ill teach how how to do it

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