What are the restrictions on the Philippine immigration policy to buy a house?

In today's society, people's lives are getting better and better, so people begin to pay attention to some other things. For example, many people have taken a fancy to the advantages of immigrating to the Philippines, so they are going to buy a house in the Philippines. In fact, the Philippines now provides very preferential immigration policies for Chinese citizens in order to develop. However, if you want to buy a house in the Philippines, you still need to know what are the restrictions on the Philippine immigration policy before buying a house.

Philippine Immigration Policy

For foreigners, there are two kinds of immigration policies to choose from. One is the type of retired immigrants. The main content of this immigration method is that the amount of time deposits in the bank varies according to the age of the applicant. Applicants between the ages of 35 and 49 need to deposit US $50,000 in the designated development bank. Those over the age of 50 are $20,000. If the applicant is carrying a spouse and an unmarried child under the age of 21, there is no need to increase investment. The last one is no criminal record. With the above conditions, you can apply for retirement immigration in the Philippines.

The way to invest in immigration refers to a 21-year-old applicant who invests $75,000 in the Philippines without a criminal record, which can be used to set up a company or to invest in an established company, or to buy shares of a listed company.

The relationship between immigration policy and eligibility to buy a home

In the Philippine policy, foreigners can buy a house directly in the Philippines, and they can have the permanent right to live in the house as long as they buy a house. And there is no limit to the number of times you buy a house. The only condition is that in the unified real estate, only 40% houses can be sold to foreigners. If these 40% are exceeded, then foreigners in this real estate will not be eligible to buy houses.

Apartments in the Philippines do not have a shared area, and they are basically hardcover houses when they are handed over. The purchase policy is the same as that of Filipinos. They can enjoy loan services and real estate protection provided by the Philippines.

If you want to know more about various questions about Filipino immigrants, you can choose to consult the customer service of the website. They will use a professional attitude to answer all kinds of questions about buying a house or immigration in the Philippines and solve all kinds of difficult problems for you.