Can a Foreigner Own a Land in the Philippines?
In this article, a foreigner pertains to non-Filipino citizen (for example: an American, Australian, German, Indian, Canadian, Ukranian, Russian, Japanese, Chinese, or any other citizenships).
As a foreigner, did you enjoy in the Philippines so well since your first visit?
You might had lived for a long time in a particular place in the Philippines which you may called haven.
Or you might had been so in love with a Filipino, decided to marry her/him and finally chose to live here in the Philippines forever.
Those situations might be enough reasons for you to live permanently here.
Then, here comes the lightbulb idea. You are now planning to buy a house and lot in the Philippines.
But you might think "Does a foreigner (non-Filipino) have the right to own or acquire a lot (land) in the Philippines"?
According to the Philippine law, foreigners don't have the right to acquire or own land in the Philippines.
Only Filipino citizens and corporations or partnerships with at least 60% shares are owned by Filipinos have the right to acquire or own land in the Philippines.
However, there are exceptions to this. You can own land in the Philippines if:
"Can a Foreigner Own a Land in the Philippines?" was written by admin under the Real Estate category. It has been read times and generated 0 comments. The article was created on .
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