Philippines permanent residency can buy and sell land?

Philippines permanent residency can buy and sell land?

A: No, you can buy a house in the Philippines with permanent residency in the Philippines, but you can't buy land. The house here refers to the kind of high-rise apartment or commercial house, and the real estate with land is not good. If we want to buy land or property with land, we need to buy it in other ways:

To purchase land by opening a company in the Philippines, you only need to register a Filipino company with the Securities and Exchange Commission (SEC). A Filipino corporation here, under Article 12/Section VII of the 1987 Constitution, requires that a Filipino citizen own at least 60% of the shares of the joint stock company. Under the law, the Filipino company can own 100 percent of the land in the Philippines. Through a company, foreigners can buy and own land indirectly, without violating the Constitution. The risk here is that the company's Filipino shares are held on behalf of the risk, which requires the help of a professional law firm.

2. By marrying a Filipino woman to buy land, if the spouse is Filipino, the ownership of the land can be registered in the name of the spouse, so that the land can also be purchased.

If you want to start a company in the Philippines and you can't handle it yourself, you can contact us EasyGo.Easy Travel InternationalSubstitute for processing.