Can the classic plan for Philippine retired immigrants buy a house in the Philippines?

Many Chinese friends are very good at doing business. Buying a house is also a kind of business. If you buy it right, you will make money. If you don't buy it right, you will lose money. Many friends who hold the Philippine Retirement Immigrant Classic Program visa came to consult us and asked whether the Retirement Immigrant Classic Program visa could buy a house in the Philippines. EasyGo International has come to answer this question for all friends.

Can people who apply for the classic plan for Philippine retired immigrants buy a house?

No, the Philippine Retirement Immigration Classic Program is the policy with the lowest threshold for immigration to the Philippines. To apply for this visa, you only need to deposit 20,000 US dollars in the Philippine Retirement Agency. Recently, after the policy change of the classic retirement immigration plan, you only need to deposit 10,000 US dollars to obtain this immigration visa. 10,000 US dollars is equivalent to 70,000 RMB, but the deposit of 10,000 US dollars can only be applied on the premise of a monthly pension.

Although the houses in Manila, Philippines are good and there is a lot of room for appreciation, the classic plan for retired immigrants cannot buy houses in the Philippines.

Which immigration policies can buy a house in the Philippines?

The smile plan for retired immigrants can buy a house in the Philippines. The smile plan requires 50,000 US dollars deposited in the Philippine Immigration Department to apply, which can be used to buy houses of designated developers in the Philippines. This regulation is also due to the cooperation between enterprises and the Philippine government. As long as people who invest in immigrants buy a house here, the Philippine government can also make a profit. It is a disadvantage that only the house of the designated developer can be bought, but it is also an advantage to be able to buy a house.

The article answers all the contents of whether the Philippine Retired Immigrant Classic Program visa can buy a house in the Philippines. If you have any questions, please consult our online customer service.