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Home Buying Guide for Balikbayans
Former natural-born Filipinos who are now naturalized citizens of another country can buy and register, under their own name, land in the Philippines but limited in land area (see below). However, those who avail of the Dual Citizenship Law can buys as much land as any other Filipino citizen.
Under Republic Act 9225 (Dual Citizenship Law of 2003), former Filipinos who became naturalized citizens of foreign countries are deemed not to have lost their Philippine citizenship, thus enabling them to enjoy all the rights and privileges of a Filipino.
Steps to Gain Dual Citizenship:
If you are in the Philippines, file a "Petition for Dual Citizenship and Issuance of Identification Certificate (IC) under RA 9225” at the Bureau of Immigration (BI) and for the cancellation of your alien certificate of registration.
Those who are not BI registered and overseas should file the petition at the nearest embassy or consulate.
Requirements:
Birth certificate authenticated by the National Statistics Office (birth certificate from the NSO can be requested online and mailed to you)
Accomplish and submit a “Petition for Citizenship and Issuance of Identification Certificate (IC) under RA 9225” to a Philippine embassy, consulate or the Bureau of Immigration.
Pay a $50.00 processing fee, schedule and take a "Oath of Allegiance" before a consular officer.
The Bureau of Immigration in Manila receives the petition from the embassy or consular office. The BI issues and sends an Identification Certificate of citizenship to the embassy or consular office.
If a former Filipino who is now a naturalized citizen of a foreign country does not want to avail of the Dual Citizen Law, he or she can still acquire land based on BP (Batas Pambansa) 185 & RA (Republic Act) 8179 but limited to the following:
For Residential Use (BP 185 - enacted in March 1982):
Up to 1,000 square meters of residential land.
Up to one (1) hectare of agricultural of farm land.
For Business / Commercial Use (RA 8179 - amended the Foreign Investment act of 1991):
Up to 5,000 square meters of urban land.
Up to three (3) hectares of rural land.
HomeFinderHub! Why buy properties in the Philippines? The Philippines is one of the English speaking countries in Asia. It has a culture known for its hospitality, a lot of beautiful beaches and warm and friendly people. You can experience a high quality of life for a very small amount of money. And that means with loyal helpers or maid, everything is inexpensive, quality neighborhoods. It's unbelievable! And it has a variety of entertainment from exciting night life to golf, international restaurants to beautiful resorts beyond compare. It also has many intangibles to bring you joy for no cost at all. Buy properties in the Philippines now, you have choices from single family, high rise condos, farms, resorts, lot or just lease for 45 years.
By law, foreigners do not have the right to acquire land in the Philippines. Only Filipino citizens can own land (there have been many proposals to amend this law but of this writing, the law remains unchanged.) The simplest way for a foreigner to acquire real estate properties are to have a Filipino spouse purchase a property in his/her name.
Tips Before Buying Real Estate in the Philippines
Here are tips a buyer must remember before buying any property in the Philippines, specially if you are buying a single property from an individual:
1. Make sure the "Transfer Certificate of Title" is authentic. The easiest way to check if the title to the property you are buying is authentic is by getting "Certified True Copy" of the title from the Register of Deeds. This office is usually located at the city or municipal hall where the property is located. Ask the seller of the property for a photocopy of the title -you will need the title number and the name of the owner to get a certified true copy of the title from the Register of Deeds. Read more....
SPECIAL RESIDENT RETIREMENT VISA (SRRV)
Special Resident Retirement Visa (SRRA) is a privilege granted to foreigners who would like to have a permanent resident status in the Philippines. For investing in the Philippines, foreigners can enter and leave the country as many times and as long as one wishes,
If you are planning to move here and want to buy a home in the U.S. where you can live with other nationality in Phoenix in any Arizona locations, and enjoy the beautiful weather that closely similar to the Philippines, that when you go outside you will assert you are back in our country, until that is, you experience the enjoyment of 24-hr central air conditioning in your dream home and in every shopping mall you walk into, then you can choose a very affordable and inexpensive houses and a very friendly neighborhood in Arizona here to help you.
Here in Arizona, you can find four bedrooms, 2.5 baths and two car garage, single or two storey newer house, of course it depends on your needs and the size of your family.
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