It all starts with the right Filipina. If you are lucky enough to find her, then the purchase and build option is open. Great info on not only this video, but the rest of your videos as well...Many thanks! Salamat...
The Republic Act 7652 changed the national lease limits in 2019 with Presidential Decree no 471 to "The Foreigner's Lease Act of 2016" (gota love law timelines, I think whoever numbered Microsoft windows is in on this); they have been raised to 50 years and 25 years for a total of 75 now instead of the 25 & 25.
i am looking to build in the very near future, in provinces though, looking at some land at the moment 18000 square meters plus hoping to build decent size house land will be about 5 million, cheaper being in the hills, there is concrete road so hopefully getting materials there should be ok. hoping we can build decent place have budgeted another roughly 8 million for the build including all kitchen and bathroom fitments, 76 now been married 13 years have two daughters so trust thing is not a problem besides would want her to have it anyway, was broke when i first came here and i mean broke wife used to lend me money. land is a couple of hours outside cebu.
It all starts with the right Filipina. If you are lucky enough to find her, then the purchase and build option is open. Great info on not only this video, but the rest of your videos as well...Many thanks!
Salamat...
Great advice, thank you
Former filipino can own a land by inheritance. Or if you are dual citizenship.
The Republic Act 7652 changed the national lease limits in 2019 with Presidential Decree no 471 to "The Foreigner's Lease Act of 2016" (gota love law timelines, I think whoever numbered Microsoft windows is in on this); they have been raised to 50 years and 25 years for a total of 75 now instead of the 25 & 25.
Ok, thanks for the info.
i am looking to build in the very near future, in provinces though, looking at some land at the moment 18000 square meters plus hoping to build decent size house land will be about 5 million, cheaper being in the hills, there is concrete road so hopefully getting materials there should be ok. hoping we can build decent place have budgeted another roughly 8 million for the build including all kitchen and bathroom fitments, 76 now been married 13 years have two daughters so trust thing is not a problem besides would want her to have it anyway, was broke when i first came here and i mean broke wife used to lend me money. land is a couple of hours outside cebu.
great story. she differently wasn't a gold digger. good luck with your build
But you cannot lease from your wife .... Only from gf
You should't do either.