What are the types of Filipino immigrant visas? Is buying a house in the Philippines an immigrant?

With the development and growth of the country, our life is getting better and better. Many people begin to emigrate abroad. The Philippines has many advantages in policy on the issue of immigration. In fact, the Philippines is also for the economic development of its own country. For your friend, the Philippines is your best choice. Today, the editor will explain the normal problem of Philippine immigration and whether buying a house in the Philippines is equivalent to immigration.

There are several types of Philippine immigrant visas

For those who want to come to the Philippines, we first need to understand the Philippine immigration policy clearly. There are two types of Filipino immigrants. One is retirement immigration visa. Retired immigrants have an age limit for applicants. With the change of Philippine government policy in early May 2021, the retirement immigration age must be over 50 years old, when handling, the applicant needs to deposit US $20,000 into the bank designated by the Philippine Retirement Administration. If the applicant is carrying a spouse or a child under the age of 21, the marriage certificate of the applicant needs to be double certified, and the birth certificate of the child also needs to be double certified., The bank deposit fee, one person plus 15,000 US dollars, is finally to provide the applicant's non-crime certificate, as long as the above conditions are met, can apply for a retirement immigrant visa in the Philippines.

There is also an immigrant visa, which is an investment immigrant from the Philippines. This kind of visa requires the applicant to be 21 years old before applying for it. The applicant cannot commit any illegal or criminal acts. The applicant deposits US $75,000 into a designated bank. The applicant can open a company in the Philippines, invest in an established company, purchase stocks, funds and other methods. The fees deposited in the bank can only be used for investment and cannot be directly used for cash withdrawal.

Is buying a house in the Philippines an immigrant?

In the Philippine house purchase policy, any foreign personnel can buy a house in the Philippines. After buying a house, foreign personnel can enjoy the right to use the house for a long time, and there is no limit on the number of house purchases. In the process of selling a real estate in the Philippines, only 40% of each real estate can be sold to foreign personnel. This situation also prevents the real estate from being sold at a premium. Foreign personnel who exceed this value are not eligible to buy, however, we must remember that buying real estate in the Philippines does not mean that we are already immigrants.

The above is a detailed explanation of Philippine immigrant visa. If you still have any questions, you can contact our online customer service of Yiyou International to help you answer various visa questions in the Philippines in detail. Yiyou International has been deeply involved in the Philippines for many years and has the ability to escort your business.