Property Ownership And Acquisition Guide

Foreigners Owning Condominiums & Townhouses in the Philippines

Foreigners Owning Condominiums & Townhouses in the Philippines The Condominium Act of the Philippines, R.A. 4726, expressly allows foreigners to acquire condominium units and shares in condominium corporations up to not more than 40% of the total and outstanding capital stock of a Filipino owned or controlled condominium corporation. However, there are a very few …

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Foreigner Ownership as a Philippine Corporation

Foreigner Ownership as a Philippine Corporation Foreign nationals or corporations may completely own a condominium or townhouse in the Philippines. To take ownership of a private land, residential house and lot, and commercial building and lot foreigners may set up a Philippine corporation in the Philippines. This means that the corporation owning the land has …

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The procedure for buying real estate in the Philippines

Foreigners (non-Filipinos not including former Filipinos) can not buy property outright. The easiest way for a non-Filipino to buy property is to have a Filipino spouse purchase the land. Former Filipinos can buy land up to a certain amount. The foreigner can own the building but not the land, unless the foreigner has a Philippine …

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Foreigner Land Ownership and Acquisition

Foreigner Ownership of Land in the Philippines: Ownership of land in the Philippines is highly-regulated with land ownership reserved for persons or entities considered Philippine nationals or Filipino citizens. For this purpose, a corporation owned 60% by Filipino citizens is treated as a Philippine National. Foreigners interested in acquiring land or real property through aggressive …

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