Can immigrating to the Philippines buy a house locally? What are the restrictions on immigration?

With the improvement of living standards in China, many Chinese yearn for the life of Southeast Asian countries and immigrate to Southeast Asia when conditions permit. The Philippines, as the top ten holy places for the elderly in the Forbes list, has become the preferred target of many Chinese. So today, Yiyou International will take you to talk about whether immigrants to the Philippines can buy a house there. What are the restrictions on immigration to the Philippines?

First of all, we must first understand the Philippine immigration policy.

For foreigners, Philippine law has two main immigration policies to choose from. One is retired immigrants, and the other is investment immigrants. The conditions of these two immigration policies are different not only in terms of age, but also in the storage of initial immigration funds or in the direction of their use. Everyone can choose according to their own situation.

Which way of immigration in the Philippines cannot buy a house there

According to the latest Philippine immigration policy, Filipino investment immigrants cannot buy houses in the Philippines. Because the Philippine government has been affected by the epidemic in recent years and needs to use the Philippine government's liquidity to revive the Philippine economy, there are also more restrictions on investment immigration in the Philippines.

Funds invested in immigrants can only be used to invest in local stocks, funds, and companies that have already started locally.

On the contrary, retired immigrants and investment immigrants in the Philippines can buy houses locally, but cannot be used for other investments.

The Philippines conducts an annual review of immigrants to the Philippines every year to see if the funds in the immigrant card are losing money. If so, the immigrant individual needs to make up for it.

The above is the full explanation of Yiyou International on whether Filipino immigrants can buy a house locally. If you have any other Philippine visa business inquiries, you can contact our online customer service. I wish you a happy life!