{"id":34074,"date":"2023-12-16T09:24:45","date_gmt":"2023-12-16T09:24:45","guid":{"rendered":"https:\/\/nakedexpat.com\/staging\/?post_type=post_knb&#038;p=34074"},"modified":"2023-12-21T00:56:54","modified_gmt":"2023-12-21T00:56:54","slug":"7-ways-a-foreigner-can-own-property-in-the-philippines","status":"publish","type":"post","link":"https:\/\/nakedexpat.com\/staging\/fyi\/7-ways-a-foreigner-can-own-property-in-the-philippines\/","title":{"rendered":"7 Ways A Foreigner Can Own Property in the Philippines"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"buy-a-condominium-unit\">Buy A Condominium Unit<\/h2>\n\n\n\n<p>Acquiring condominium units is the most convenient option for foreigners to own real estate property in the Philippines.<\/p>\n\n\n\n<p>According to the Condominium Act of the Philippines, also known as Republic Act (RA) 4726, foreign nationals are permitted to purchase condominium units in any condominium project, provided that the overall foreign ownership of the project doesn\u2019t exceed 40%.<\/p>\n\n\n\n<p>For example, a condo project with 100 units in total. Only 40 condo units can be sold and owned by non-Filipino citizens.<\/p>\n\n\n\n<p>Even better is the affordability of housing compared to the US. You can still find furnished 387 sqft\/36 sqm BGC or Makati studio apartments starting at $500 per month in a luxury condominium complex with fitness gyms, rooftop swimming pools, movie theatres, and more.<\/p>\n\n\n<style>.wp-block-kadence-column.kb-section-dir-horizontal > .kt-inside-inner-col > .kt-info-box34074_316588-b2 .kt-blocks-info-box-link-wrap{max-width:unset;}.kt-info-box34074_316588-b2 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);border-top-left-radius:30px;border-top-right-radius:30px;border-bottom-right-radius:30px;border-bottom-left-radius:30px;background:#ffffff;padding-top:var(--global-kb-spacing-xs, 1rem);padding-right:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-xs, 1rem);}.kt-info-box34074_316588-b2 .kadence-info-box-icon-container .kt-info-svg-icon, .kt-info-box34074_316588-b2 .kt-info-svg-icon-flip, .kt-info-box34074_316588-b2 .kt-blocks-info-box-number{font-size:50px;}.kt-info-box34074_316588-b2 .kt-blocks-info-box-media{color:#08d383;border-radius:200px;overflow:hidden;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:20px;padding-right:20px;padding-bottom:20px;padding-left:20px;margin-top:0px;margin-right:20px;margin-bottom:0px;margin-left:0px;}.kt-info-box34074_316588-b2 .kt-blocks-info-box-media .kadence-info-box-image-intrisic img{border-radius:200px;}.kt-info-box34074_316588-b2 .kt-infobox-textcontent h3.kt-blocks-info-box-title{font-size:var(--global-kb-font-size-md, 1.25rem);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;}.kt-info-box34074_316588-b2 .kt-blocks-info-box-learnmore{background:transparent;border-width:0px 0px 0px 0px;padding-top:4px;padding-right:8px;padding-bottom:4px;padding-left:8px;margin-top:10px;margin-right:0px;margin-bottom:10px;margin-left:0px;}@media all and (max-width: 1024px){.kt-info-box34074_316588-b2 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}@media all and (max-width: 767px){.kt-info-box34074_316588-b2 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}<\/style>\n<div class=\"wp-block-kadence-infobox kt-info-box34074_316588-b2\"><span class=\"kt-blocks-info-box-link-wrap info-box-link kt-blocks-info-box-media-align-left kt-info-halign-left\"><div class=\"kt-blocks-info-box-media-container\"><div class=\"kt-blocks-info-box-media kt-info-media-animate-none\"><div class=\"kadence-info-box-icon-container kt-info-icon-animate-none\"><div class=\"kadence-info-box-icon-inner-container\"><span class=\"kb-svg-icon-wrap kb-svg-icon-fas_thumbs-up kt-info-svg-icon\"><svg viewBox=\"0 0 512 512\"  fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"  aria-hidden=\"true\"><path d=\"M104 224H24c-13.255 0-24 10.745-24 24v240c0 13.255 10.745 24 24 24h80c13.255 0 24-10.745 24-24V248c0-13.255-10.745-24-24-24zM64 472c-13.255 0-24-10.745-24-24s10.745-24 24-24 24 10.745 24 24-10.745 24-24 24zM384 81.452c0 42.416-25.97 66.208-33.277 94.548h101.723c33.397 0 59.397 27.746 59.553 58.098.084 17.938-7.546 37.249-19.439 49.197l-.11.11c9.836 23.337 8.237 56.037-9.308 79.469 8.681 25.895-.069 57.704-16.382 74.757 4.298 17.598 2.244 32.575-6.148 44.632C440.202 511.587 389.616 512 346.839 512l-2.845-.001c-48.287-.017-87.806-17.598-119.56-31.725-15.957-7.099-36.821-15.887-52.651-16.178-6.54-.12-11.783-5.457-11.783-11.998v-213.77c0-3.2 1.282-6.271 3.558-8.521 39.614-39.144 56.648-80.587 89.117-113.111 14.804-14.832 20.188-37.236 25.393-58.902C282.515 39.293 291.817 0 312 0c24 0 72 8 72 81.452z\"\/><\/svg><\/span><\/div><\/div><\/div><\/div><div class=\"kt-infobox-textcontent\"><h3 class=\"kt-blocks-info-box-title\"><strong>Ownership Of Condominium Units<\/strong><\/h3><p class=\"kt-blocks-info-box-text\">Some freestanding houses or villas have condominium titles, allowing foreigners to own them. You can ask your real estate broker about the type of title the property has before making a purchase. While this is not a typical scenario, it\u2019s important to note that the 40% foreign ownership restriction still applies to these properties.<\/p><\/div><\/span><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"buy-a-house-with-leased-land\">Buy A House With Leased Land<\/h2>\n\n\n\n<p>As mentioned earlier, non-residents are generally prohibited from purchasing land in the Philippines. However, this restriction doesn\u2019t completely prevent them from owning real property in the country.<\/p>\n\n\n\n<p>The provisions on foreign ownership don\u2019t extend to legally acquiring houses and other building structures. One solution is for expats to buy freestanding homes and get a long-term lease on the land.<\/p>\n\n\n\n<p>According to the Investor\u2019s Lease Act of the Philippines or the Republic Act No. 7652, it\u2019s stipulated that a foreigner and a Filipino landowner can enter into a long-term land lease agreement. This involves initial periods extending up to 50 years, with a one-time option to renew for 25 years.<\/p>\n\n\n<style>.wp-block-kadence-column.kb-section-dir-horizontal > .kt-inside-inner-col > .kt-info-box34074_0e5a23-7f .kt-blocks-info-box-link-wrap{max-width:unset;}.kt-info-box34074_0e5a23-7f .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);border-top-left-radius:30px;border-top-right-radius:30px;border-bottom-right-radius:30px;border-bottom-left-radius:30px;background:#ffffff;padding-top:var(--global-kb-spacing-xs, 1rem);padding-right:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-xs, 1rem);}.kt-info-box34074_0e5a23-7f .kadence-info-box-icon-container .kt-info-svg-icon, .kt-info-box34074_0e5a23-7f .kt-info-svg-icon-flip, .kt-info-box34074_0e5a23-7f .kt-blocks-info-box-number{font-size:50px;}.kt-info-box34074_0e5a23-7f .kt-blocks-info-box-media{color:#08d383;border-radius:200px;overflow:hidden;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:20px;padding-right:20px;padding-bottom:20px;padding-left:20px;margin-top:0px;margin-right:20px;margin-bottom:0px;margin-left:0px;}.kt-info-box34074_0e5a23-7f .kt-blocks-info-box-media .kadence-info-box-image-intrisic img{border-radius:200px;}.kt-info-box34074_0e5a23-7f .kt-infobox-textcontent h3.kt-blocks-info-box-title{font-size:var(--global-kb-font-size-md, 1.25rem);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;}.kt-info-box34074_0e5a23-7f .kt-blocks-info-box-learnmore{background:transparent;border-width:0px 0px 0px 0px;padding-top:4px;padding-right:8px;padding-bottom:4px;padding-left:8px;margin-top:10px;margin-right:0px;margin-bottom:10px;margin-left:0px;}@media all and (max-width: 1024px){.kt-info-box34074_0e5a23-7f .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}@media all and (max-width: 767px){.kt-info-box34074_0e5a23-7f .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}<\/style>\n<div class=\"wp-block-kadence-infobox kt-info-box34074_0e5a23-7f\"><span class=\"kt-blocks-info-box-link-wrap info-box-link kt-blocks-info-box-media-align-left kt-info-halign-left\"><div class=\"kt-blocks-info-box-media-container\"><div class=\"kt-blocks-info-box-media kt-info-media-animate-none\"><div class=\"kadence-info-box-icon-container kt-info-icon-animate-none\"><div class=\"kadence-info-box-icon-inner-container\"><span class=\"kb-svg-icon-wrap kb-svg-icon-fas_thumbs-up kt-info-svg-icon\"><svg viewBox=\"0 0 512 512\"  fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"  aria-hidden=\"true\"><path d=\"M104 224H24c-13.255 0-24 10.745-24 24v240c0 13.255 10.745 24 24 24h80c13.255 0 24-10.745 24-24V248c0-13.255-10.745-24-24-24zM64 472c-13.255 0-24-10.745-24-24s10.745-24 24-24 24 10.745 24 24-10.745 24-24 24zM384 81.452c0 42.416-25.97 66.208-33.277 94.548h101.723c33.397 0 59.397 27.746 59.553 58.098.084 17.938-7.546 37.249-19.439 49.197l-.11.11c9.836 23.337 8.237 56.037-9.308 79.469 8.681 25.895-.069 57.704-16.382 74.757 4.298 17.598 2.244 32.575-6.148 44.632C440.202 511.587 389.616 512 346.839 512l-2.845-.001c-48.287-.017-87.806-17.598-119.56-31.725-15.957-7.099-36.821-15.887-52.651-16.178-6.54-.12-11.783-5.457-11.783-11.998v-213.77c0-3.2 1.282-6.271 3.558-8.521 39.614-39.144 56.648-80.587 89.117-113.111 14.804-14.832 20.188-37.236 25.393-58.902C282.515 39.293 291.817 0 312 0c24 0 72 8 72 81.452z\"\/><\/svg><\/span><\/div><\/div><\/div><\/div><div class=\"kt-infobox-textcontent\"><h3 class=\"kt-blocks-info-box-title\"><strong>SRRV Lease Of House and Land<\/strong><\/h3><p class=\"kt-blocks-info-box-text\">If you want to use your SRRV Classic deposit on a long-term lease of the lot and house, the lease term must be a minimum of 25 years and $10,000 USD or $20,000 in lease value depending on the type of visa.<\/p><\/div><\/span><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"marry-a-philippine-citizen\">Marry A Philippine Citizen<\/h2>\n\n\n\n<p>Foreigners married to Filipino citizens&nbsp;can acquire property under their spouse\u2019s name. Even though the foreigner\u2019s name may not appear on the land title (Transfer Certificate of Title), it\u2019s possible to include their name in the property purchase agreement (Deed of Sale). This arrangement allows for a seamless and legally sound process while ensuring the interests of both parties are duly protected.<\/p>\n\n\n\n<p>In case of a legal separation between the couple (as there is no divorce law in the Philippines) or the unfortunate passing of the Filipino spouse, the transfer of land to the foreign spouse is not permitted.<\/p>\n\n\n\n<p>This is due to the foreign spouse\u2019s restriction on land ownership in the Philippines. However, a reasonable amount of time will be granted for the sale of the property and the collection of proceeds. You can also transfer ownership to your children or legal heirs. Alternatively, if you don\u2019t have any children, you can pass it on to your spouse\u2019s relatives.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"acquire-through-a-company-with-philippine-majority-ownership\">Acquire Through A Company With Philippine Majority Ownership<\/h2>\n\n\n\n<p>Philippine corporations are allowed to own land, provided Filipino citizens own at least 60% of the company, while&nbsp;foreign partners can own the remaining shares. When corporations meet this equity stake requirement, they must register with the government\u2019s Board of Investment (BOI) to obtain permission to engage in real estate transactions, including buying, selling, or acting as an intermediary.<\/p>\n\n\n<style>.wp-block-kadence-column.kb-section-dir-horizontal > .kt-inside-inner-col > .kt-info-box34074_05a349-57 .kt-blocks-info-box-link-wrap{max-width:unset;}.kt-info-box34074_05a349-57 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);border-top-left-radius:30px;border-top-right-radius:30px;border-bottom-right-radius:30px;border-bottom-left-radius:30px;background:#ffffff;padding-top:var(--global-kb-spacing-xs, 1rem);padding-right:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-xs, 1rem);}.kt-info-box34074_05a349-57 .kadence-info-box-icon-container .kt-info-svg-icon, .kt-info-box34074_05a349-57 .kt-info-svg-icon-flip, .kt-info-box34074_05a349-57 .kt-blocks-info-box-number{font-size:50px;}.kt-info-box34074_05a349-57 .kt-blocks-info-box-media{color:#08d383;border-radius:200px;overflow:hidden;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:20px;padding-right:20px;padding-bottom:20px;padding-left:20px;margin-top:0px;margin-right:20px;margin-bottom:0px;margin-left:0px;}.kt-info-box34074_05a349-57 .kt-blocks-info-box-media .kadence-info-box-image-intrisic img{border-radius:200px;}.kt-info-box34074_05a349-57 .kt-infobox-textcontent h3.kt-blocks-info-box-title{font-size:var(--global-kb-font-size-md, 1.25rem);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;}.kt-info-box34074_05a349-57 .kt-blocks-info-box-learnmore{background:transparent;border-width:0px 0px 0px 0px;padding-top:4px;padding-right:8px;padding-bottom:4px;padding-left:8px;margin-top:10px;margin-right:0px;margin-bottom:10px;margin-left:0px;}@media all and (max-width: 1024px){.kt-info-box34074_05a349-57 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}@media all and (max-width: 767px){.kt-info-box34074_05a349-57 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}<\/style>\n<div class=\"wp-block-kadence-infobox kt-info-box34074_05a349-57\"><span class=\"kt-blocks-info-box-link-wrap info-box-link kt-blocks-info-box-media-align-left kt-info-halign-left\"><div class=\"kt-blocks-info-box-media-container\"><div class=\"kt-blocks-info-box-media kt-info-media-animate-none\"><div class=\"kadence-info-box-icon-container kt-info-icon-animate-none\"><div class=\"kadence-info-box-icon-inner-container\"><span class=\"kb-svg-icon-wrap kb-svg-icon-fas_thumbs-up kt-info-svg-icon\"><svg viewBox=\"0 0 512 512\"  fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"  aria-hidden=\"true\"><path d=\"M104 224H24c-13.255 0-24 10.745-24 24v240c0 13.255 10.745 24 24 24h80c13.255 0 24-10.745 24-24V248c0-13.255-10.745-24-24-24zM64 472c-13.255 0-24-10.745-24-24s10.745-24 24-24 24 10.745 24 24-10.745 24-24 24zM384 81.452c0 42.416-25.97 66.208-33.277 94.548h101.723c33.397 0 59.397 27.746 59.553 58.098.084 17.938-7.546 37.249-19.439 49.197l-.11.11c9.836 23.337 8.237 56.037-9.308 79.469 8.681 25.895-.069 57.704-16.382 74.757 4.298 17.598 2.244 32.575-6.148 44.632C440.202 511.587 389.616 512 346.839 512l-2.845-.001c-48.287-.017-87.806-17.598-119.56-31.725-15.957-7.099-36.821-15.887-52.651-16.178-6.54-.12-11.783-5.457-11.783-11.998v-213.77c0-3.2 1.282-6.271 3.558-8.521 39.614-39.144 56.648-80.587 89.117-113.111 14.804-14.832 20.188-37.236 25.393-58.902C282.515 39.293 291.817 0 312 0c24 0 72 8 72 81.452z\"\/><\/svg><\/span><\/div><\/div><\/div><\/div><div class=\"kt-infobox-textcontent\"><h3 class=\"kt-blocks-info-box-title\"><strong>Additional Foreign Ownership Rules<\/strong><\/h3><p class=\"kt-blocks-info-box-text\">The same maximum land restrictions\u00a0imposed on foreign individuals also apply to the maximum area that expatriates can acquire through a company.<\/p><\/div><\/span><\/div>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Can a former filipino own land in the Philippines?\" width=\"1290\" height=\"726\" src=\"https:\/\/www.youtube.com\/embed\/ewxZKjQyuOA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"buy-a-property-as-a-balikbayan-foreign-citizen\">Buy a property as a Balikbayan foreign citizen<\/h2>\n\n\n\n<p>Former Filipino citizens who return to the Philippines as Balikbayan are fortunate to have the legal right to purchase property and own land in their home country. The Balikbayan program, established by the Philippine government, aims to encourage Filipinos who have migrated abroad to reconnect with their roots. This program grants Balikbayans special privileges, including purchasing property and owning land in the Philippines.<\/p>\n\n\n\n<p>Even if they are no longer Philippine citizens, Balikbayans can take advantage of this legal provision to invest in real estate or own land in their native country.<\/p>\n\n\n\n<p>The specific Balikbayan land ownership rights are covered under the 1982 Batas Pambansa 185 (BP 185) and Republic Act 8179 (RA 8179), which amended the Foreign Investment Act of 1991.<\/p>\n\n\n<style>.wp-block-kadence-column.kb-section-dir-horizontal > .kt-inside-inner-col > .kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-link-wrap{max-width:unset;}.kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);border-top-left-radius:30px;border-top-right-radius:30px;border-bottom-right-radius:30px;border-bottom-left-radius:30px;background:#ffffff;padding-top:var(--global-kb-spacing-xs, 1rem);padding-right:var(--global-kb-spacing-xs, 1rem);padding-bottom:var(--global-kb-spacing-xs, 1rem);padding-left:var(--global-kb-spacing-xs, 1rem);}.kt-info-box34074_ab7f4d-77 .kadence-info-box-icon-container .kt-info-svg-icon, .kt-info-box34074_ab7f4d-77 .kt-info-svg-icon-flip, .kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-number{font-size:50px;}.kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-media{color:#08d383;border-radius:200px;overflow:hidden;border-top-width:0px;border-right-width:0px;border-bottom-width:0px;border-left-width:0px;padding-top:20px;padding-right:20px;padding-bottom:20px;padding-left:20px;margin-top:0px;margin-right:20px;margin-bottom:0px;margin-left:0px;}.kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-media .kadence-info-box-image-intrisic img{border-radius:200px;}.kt-info-box34074_ab7f4d-77 .kt-infobox-textcontent h3.kt-blocks-info-box-title{font-size:var(--global-kb-font-size-md, 1.25rem);padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-top:5px;margin-right:0px;margin-bottom:10px;margin-left:0px;}.kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-learnmore{background:transparent;border-width:0px 0px 0px 0px;padding-top:4px;padding-right:8px;padding-bottom:4px;padding-left:8px;margin-top:10px;margin-right:0px;margin-bottom:10px;margin-left:0px;}@media all and (max-width: 1024px){.kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}@media all and (max-width: 767px){.kt-info-box34074_ab7f4d-77 .kt-blocks-info-box-link-wrap{border-top:5px solid var(--global-palette7, #eeeeee);border-right:5px solid var(--global-palette7, #eeeeee);border-bottom:5px solid var(--global-palette7, #eeeeee);border-left:5px solid var(--global-palette7, #eeeeee);}}<\/style>\n<div class=\"wp-block-kadence-infobox kt-info-box34074_ab7f4d-77\"><span class=\"kt-blocks-info-box-link-wrap info-box-link kt-blocks-info-box-media-align-left kt-info-halign-left\"><div class=\"kt-blocks-info-box-media-container\"><div class=\"kt-blocks-info-box-media kt-info-media-animate-none\"><div class=\"kadence-info-box-icon-container kt-info-icon-animate-none\"><div class=\"kadence-info-box-icon-inner-container\"><span class=\"kb-svg-icon-wrap kb-svg-icon-fas_info-circle kt-info-svg-icon\"><svg viewBox=\"0 0 512 512\"  fill=\"currentColor\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"  aria-hidden=\"true\"><path d=\"M256 8C119.043 8 8 119.083 8 256c0 136.997 111.043 248 248 248s248-111.003 248-248C504 119.083 392.957 8 256 8zm0 110c23.196 0 42 18.804 42 42s-18.804 42-42 42-42-18.804-42-42 18.804-42 42-42zm56 254c0 6.627-5.373 12-12 12h-88c-6.627 0-12-5.373-12-12v-24c0-6.627 5.373-12 12-12h12v-64h-12c-6.627 0-12-5.373-12-12v-24c0-6.627 5.373-12 12-12h64c6.627 0 12 5.373 12 12v100h12c6.627 0 12 5.373 12 12v24z\"\/><\/svg><\/span><\/div><\/div><\/div><\/div><div class=\"kt-infobox-textcontent\"><h3 class=\"kt-blocks-info-box-title\"><strong>Definition of Balikbayan<\/strong><\/h3><p class=\"kt-blocks-info-box-text\">A Balikbayan is a Filipino citizen who has acquired foreign citizenship and wishes to return to the Philippines for personal, business, or investment purposes. The Balikbayan Program is a government initiative to encourage Filipino citizens living abroad to maintain ties and contribute to the country\u2019s development.<\/p><\/div><\/span><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"become-a-filipino-dual-citizen\">Become A Filipino Dual Citizen<\/h2>\n\n\n\n<p>Under the Dual Citizenship Law of 2003 (also known as RA 9225), Filipinos born in the Philippines who lost their Filipino citizenship to become naturalized foreign citizens of another country can regain their Philippine citizenship by swearing allegiance to the Philippines.<\/p>\n\n\n\n<p>After reacquiring Philippine citizenship, they are considered citizens and may own any property without foreign citizen limitations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"buy-land-before-the-1935-philippine-constitution-was-passed\">Buy land before the 1935 Philippine Constitution was passed<\/h2>\n\n\n\n<p>This is pretty rare in 2023. As someone who purchased property at 18 years old in 1935 would now be years old. If your parents or family purchased the property before 1935, then the exceptions around property inheritance come into play (see section above under Hereditary Succession).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Foreigners are generally prohibited from purchasing land in the Philippines. 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