ACQUIRING A LAND IN PHILIPPINES FOR FORMER NATURAL-BORN FILIPINOS

ACQUIRING A LAND IN PHILIPPINES FOR FORMER NATURAL-BORN FILIPINOS

Are you a former natural-born Filipino? Are you looking for a land, a house and lot and a land for investment here in Philippines?

ownership-of-land-in-philippines-for-former-natural-born-filipino-real-estate

Please be guided by the facts on how to own a land in Philippines for former Filipino citizens.

Former natural-born Filipinos can own property in the Philippines, subject to limitations prescribed by Philippine Republic Act 8179  and Batas Pambansa 185. Both laws may define former Filipinos as citizens of the Philippines from birth without having to perform any act to acquire or perfect their Philippine citizenship, who lost said Philippine citizenship, and who have the legal capacity to enter into a contract under Philippine laws. One of the governing law that provides this privilege is the Dual Citizenship Act, he may nonetheless own land but limited to the following according to Batas Pambansa 185 and Republic Act 8179.

BATAS PAMBANSA 185: A former natural-born Filipinos can acquire, for residential purposes. A person may acquire not more than two (2) lots which should be situated in different municipalities or cities anywhere in the Philippines, provided that the total area of these lots do not exceed,

  1. Maximum of 1,000 sq. meters for urban land.
  2. Maximum of one (1) hectare for rural land.

REPUBLIC ACT 7042 (As amended by RA 8179): A former natural-born Filipinos can acquire, for business purposes. A person may acquire not more than two (2) lots which should be situated in different municipalities or cities anywhere in the Philippines, provided that the total area of these lots do not exceed,

  1. Maximum of 5,000 sq. meters for urban land.
  2. Maximum of three (3) hectares for rural land.

In Section 5 of Rule XII specifically states that “the land should be primarily, directly, and actually used in the performance or conduct of the owner’s business or commercial activities in the broad areas of agriculture, industry and services including the lease of land, but excluding the buying and selling thereof”.

In case a former natural-born Filipino already owns urban or rural lands for residential purposes, may acquire additional urban or rural lands, which when added to and shall not exceed the authorized maximum area.

Any former natural-born Filipino with residential land under BP 185 may still avail the privilege granted under RA 8179 under Section 4 of Rule XII of the Implementing Rules and Regulations of RA 7042 as amended by RA 8179, a transferee who has already acquired urban land shall be disqualified from acquiring rural land and vice versa. However, if the transferee has disposed of his/her urban land, he/she may still acquire rural land and vice versa, provided that this will be used for business.

Note: For more information, please visit the Philippine Embassy near you for guidance and application for Dual Citizenship.

Miami Mansions – Luxury Real Estate in Philippines

What draws to a visitor or a home buyer in Miami? Is it the tropical climate? Or the fantastic beauty of the scenery and the community within South Forbes? Perhaps it will be your home or vacation home that your dreaming for a years.
 
Perhaps you want to focus on your home plans around your activities. We have a golf community with a luxury real estate with international lifestyle.
 
Miami-mansions-for-sale-in-laguna-silang-tagaytay-real-estate-properties-for-sale
Now in Philippines, we bring you the same scenery mixed up with tropical living and luxury golf community in one – The Miami Mansions.
 
MIAMI – It maybe a quite community but a mixed-used development by Cathay Land, Inc. Miami is a vibrant resort community of distinguished professionals, entrepreneurs and families with a taste for the best home to a special breed where a unique fusion of cosmopolitan living and nature-tripping is an everyday experience.
 
Theme: American
Total Area: 14 hectares
Number of Lots: 232 Lots
Lot Sizes: 300 sqm. and up
Price Range: 6.5M and up
 
Miami-florida-united-states-of-america-mansions-villas-house-houses-for-sale-real-estate-properties
House & Lot Packages start at PhP 14.7M & Lots sell at PhP 21,900/ sqm. with a minimum Lot area of 300 sqm.
 
Miami-house-and-lot-villa-for-sale
• Main Entry Statement
• Main entrance gate
• Landscape feature
• Pocket Parks
• Clubhouse
• Swimming pool
• Driving Range
• Golf Course

 
At South Forbes, we REDEFINE LIFE!
 
For further questions or inquiries, do get in touch with yours truly and I promise to respond as soon as possible.
 
Please fill-up the form below for inquiries.