Who Can Own a Land or Real Estate Property in the Philippines?

The general rule is that Filipino citizens and Corporations or Partnership at least 60% Philippine owned are entitled to acquire land in the Philippines.

 AN EXCEPTION TO THIS RULE:

* FOREIGN NATIONALS OR CORPORATIONS MAY COMPLETELY OWN A CONDOMINIUM OR TOWNHOUSE.

To take ownership of private land, residential house and lot, and commercial building and lot, foreign nationals or corporations must form a Philippine Corporation. The Corporation is to be 40% foreign-owned (maximum ) and 60% Filipino owned (minimum) and with at least five (5) incorporators. Upon incorporation, the primary bank account should be tied up to the Corporation. A foreign national may be the only person in the bank account, allowing him/her total control over the funds derived from the Corporation and the income or sale of the asset or property.

* WHERE A FORMER NATURAL BORN FILIPINO WHO BECAME A CITIZEN OF ANOTHER COUNTRY. Balikbayan, a former natural Born Filipino Citizen and now a citizen of another country, is entitled to own for residential purposes, not more than 1,000 square meters for urban land and not more than one (1) hectare of agricultural or farmland.

*A FILIPINA WHO MARRIES AN ALIEN RETAINS HER PHILIPPINE CITIZENSHIP ( to avoid being stateless) unless by her own act or omission. She is deemed to have renounced her Filipino citizenship, may acquire and own private lands in the Philippines.

* NEW DUAL CITIZENSHIP  LAWS about PROPERTY OWNERSHIP.
Dual Citizenship just got approved. Dual Citizenship means having two Citizenship and passport from two different countries. Inquire for more updates regarding the procedure in the implementation of this new Law.

For your Real Estate Investment in Cebu, Philippines,

BE SAFE. Consult only with Licensed Cebu Real Estate Broker.

Ma. Corazon "COCO" dela Fuente

PRC Reg. No. 006953

Mobile: 09177965825

Website: https://www.cebubai.com

EFFECTIVE WAY TO SELL YOUR HOUSE FAST

Selling your House is more than just putting up a "FOR SALE" sign to where your property is located. You might be able to save money by selling it by yourself. But studies on Real Estate show that four out of five properties are sold through a Licensed Real Estate Broker or what we call REALTOR.

The Cebu Real Estate Brokers work together as a TEAM and have a network to share and to exchange listed properties for sale. Every property listing we get, we immediately made known this to fellow REALTORS/BROKERS and salespersons under us that a certain property is for sale at a certain location at this price. if you sell on your own, you cannot use this network without an agreement with a BROKER/REALTOR. This is our professional edge which unluckily, you as a seller may not have the opportunity to make use of. 

Moreso, the Brokers in Cebu KNOW who are our buyer for a particular property for sale. So, After we get a property listing for  sale, we offer it first to our buyers  in mind.

And Lastly, we are KNOWLEDGEABLE to  the right market value for a particular property in a particular location. We usually suggest to our buyer the right price for their property offered for sale in the market.

Now you know why we Brokers can sell your house fast.

Get Ready....

SELL YOUR CEBU HOUSE FAST. The 10 Steps to Real Estate Property Selling Process in Cebu