Unlocking Paradise: Foreigner's Guide to Buying a Condo in the Philippines
Foreign nationals can own condos in the Philippines under specific rules, offering a slice of tropical living without land ownership hassles. Explore legal limits, top picks, and savvy tips for your investment journey.
Frequently Asked Questions
Can foreigners own condos outright in the Philippines?
Yes, up to 40% of the project, as per RA 4726; beyond that, consider leases.
What happens if foreign ownership exceeds 40%?
The sale may be invalid; always verify with HLURB.
Are there taxes for foreign buyers?
Yes, 12% VAT and documentary stamps; amnesty available till 2026.
Can I rent out my condo?
Freely, with yields up to 7%; check visa status for stays.
What's the process for foreigners?
Engage a lawyer, pay in USD, and register with BIR.