The article discusses property ownership in the Philippines for Filipinos living abroad, including dual citizens and non-resident Filipinos. It outlines their rights, legal considerations, tax obligations, and the importance of proper title registration. It emphasizes the need for legal guidance to navigate the intricacies of real estate transactions.
Tag Archives: RA 9225
Buying Real Estate in the Philippines While Living Abroad: A Filipino-American’s Step-by-Step Guide
Buying real estate in the Philippines from abroad is complex, particularly for Filipino-Americans. It requires legal due diligence and understanding citizenship implications. Dual citizens enjoy full rights to purchase property, while U.S. citizens face limitations on land ownership. The buying process includes verifying titles, hiring licensed professionals, preparing essential documents, and understanding tax obligations. Common pitfalls include neglecting legal checks and rushing decisions. Strategic planning is crucial for making wise investments aligned with individual goals of ownership or financial security.
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