- What are the limitations on the foreign branch office's acquisition of property in the Philippines?
- Up to what extent may a foreigner (person/corporation) own real estate properties in the Philippines?
- Under the Philippines laws, foreigners are not allowed to own land properties in the Philippines. However, through the passage of the Foreign Investments Act of 1991, so as to encourage investments in the country. foreign investment in export enterprises whose products and services do not fall within Lists A and B of the Foreign Investment Negative List provided under Section 8 hereof is allowed up to one hundred percent (100%) ownership.
- Generally, NO foreigner can directly or indirectly own land or any other property which is situated in the Philippines. Except in the following cases:
2.2 If the property is a Condominium property, which foreigners may only be allowed to own not exceeding 40%.