How do i form a corportion with a filipina national, if necessary to purchase real estate?
2006-08-15 10:14:09 · 2 answers · asked by Don C 1 in Business & Finance ➔ Corporations
No, you can't. Only Filipinos can own land in the PI. While you could ghost as a partner with someone or a sham corporation, you would have no recourse if they walked away with your money.
I know a few Americans who own property there -- resorts, apartments, houses, bars, etc. -- but title is in their Filipina wives' names. And they've been married to these women for many years and have built up trust. (The wives love the arrangement because the old man wouldn't dare stray as he'd lose everything.)
2006-08-15 10:25:03 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
no, but you can buy a condo, 99 year lease on a home going thu the central bank.
2006-08-15 17:31:13 · answer #2 · answered by retired_afmil 6 · 0⤊ 0⤋