Is this True...does anyone know someone who has done this if the New law is Accurate?
Under the Philippine law, only Filipinos can own land. Foreigners are not allowed to own houses and lots. The easiest way for a non-Filipino to acquire a house & lot is to have a Filipino spouse purchase the property.
However, there are no restrictions on condominium ownership. A foreigner buying a condominium will receive a freehold deed of ownership, exactly the same as Filipino buyers. There are no restrictions on you occupying or renting the Unit.
New Dual Citizenship Laws Affecting Ownership
Dual citizenship allows the citizenship holder full rights of possession of Philippine real property such as a house & lot.
Dual citizenship is now available for the following:
- Former Filipino citizen born in the Phil, but migrated to another count
- A foreign spouse married to a Filipino citizen.
2006-06-16
02:33:45
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3 answers
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asked by
barry_myster
5
in
Philippines