Living in The Philippines and buying property there
Posted 23 November 2011 - 05:30 PM
I have a woman friend in Manila that I have visited before, I am in my mid forties and she is older than me and has grown up children that have flown the nest.
I have sold my property here in the UK and was going to downsize and buy a flat, my intention was to work from home on my PC in part of the spare bedroom., then visit her in the summer of 2012.
But the solicitor has just informed me after reading the lease that the flat is only allowed to be used to live in and no business can be done there.
She will contact the management company to see if I am allowed to work there, which involves no deliveries and no clients at all, the only correspondence is via email.
If the management company are adament I cannot work from home I will not buy it and invest my capital in a UK bank.
Then I will visit my woman friend and maybe rent there for a year to see how we get in and how I find life there in general, if I like it I will buy a condo there, am I allowed to do that as a British citizen?
Am I allowed to live in the Philippines as a British citizen?
I do not intend to get married to her but I do hope we can be together for good.
Posted 24 November 2011 - 03:16 AM
Philippine Retirement Authority
Yes, no problem to retire in Philippines.
You can buy a condominium, but you cannot buy house and land in your own name.
However Philippine has very clear regulation about lease, 25 x 2 years.
See link above
Posted 24 November 2011 - 05:02 AM
However, you may be able to bypass this and acquire a 13A Permanent Resident Visa by way of marriage. I'm not entirely sure, but I believe the requirements for said visa may be a tad bit more lax.
Posted 24 November 2011 - 08:14 AM
For retirement, for the permanent residence permit you make the investment first, and after a few months you use this money for buying your own condominium - residence permit holders in Philippines can do any work, can leave and re-enter Philippines if they like. Very little restrictions. Many nice people with you...
Maybe the easiest country in Asia for long-stay...
However Philippines is not for everybody, there are places with criminality, places of poverty, and due to exchange rate, many overpriced imported goods and high land prices due to family clans, it is not always such a cheap country as you might expect it to be.
There are also floods, earthquakes...
Edited by yohan, 24 November 2011 - 08:16 AM.
Posted 24 November 2011 - 09:28 AM
I would certainly want to visit my woman friend in Manila and rent a condo there for a year, that should be my first step I think. So I would try to do that on a Tourist Visa and try to get it extended for that amount of time.
During this time I would like to be able to work from the condo, I only need a good internet connection and a laptop as I trade Foreign exchange online (very little fish) just to bring in a few extra pounds a week.
Then once I have experienced life away from the UK, life in Manila and life with my woman friend I can decide more long term.
I had read that foreigners could not buy land but I do not want a large property anyway, a Condo sounds fine with me.
I think buying might be the best option as renting is just dead money (do you agree?). I don't have a great deal of money but there seems to be some good one bedroom condos for around 2,000,000 peso. £30,000.
I have a long way to go to retirement age and I also do not think there will be pensons in the UK when I retire so being able to work from a PC without hassle is important to me.
I assume I would still pay tax to the UK HMRC on any earnings over the annual single mans allowance?
How relaible is the postal service in Philippines/Manila? I am just thinking about getting bank statements, visa bills etc from the UK.
Yes you are right there is poverty and crime, my woman friend always makes sure we try to avoid dangerous areas. Some things are not cheap in the Philippines like electricity, phone and internet bills and the Typhoons season sounds interesting
Posted 24 November 2011 - 10:03 AM
A foreigner cannot buy land, only lease 25 x 2 years as far as I know. For houses with leasing contracts or landplots with leasing contracts, they should be located in a guarded compound and not too far away from a shopping center, it's better there is some management for security and cleaning up garbage and controlling people entering/leaving the compound.
Condominiums can be sold to foreigners ownership 100 percent, up to 40 percent of the total available units in the building.
I am a person, who always prefer to buy and not to rent the own accomodation - even if it's empty for some months, but others might disagree for various reasons.
Philippine retirement/permanent resident status can be aquired as young as 35 y/o. Just invest the money as requested from the authorities and a few months later you might withdraw it from the deposit and pay the own condominium with it.
I never heard any problem about Philippine retirement visa and buying of condominiums, it seems to work. Laws regarding foreigners did not change really much during the last 10 or more years.
There are various threads about these subject here in the Philippine section of this forum.
About postal services, they are like a hoax. I do not remember even one letter I sent which arrived in Cebu, Mandaue - but some letters arrived from there to my home.
Better use internet banking, no statements in printed form.
One time, just for fun, I sent a letter to my fosterdaughter in Cebu, and I sent it to the office, where her caretaker is working, the envelope was from our company, a company X-mas card and inside again I wrote a short letter and put USD 20,- wrapped in additional paper into it. It was looking like a business letter with a contract and a Christmas-card. I knew, it will hardly arrive.
I got the letter back about 2 months later, it was opened and again closed with an yellow electrician's tape, the address was crossed out, return to sender - and when I opened it, somebody wrote on the Christmas card 'Thank you, Sir, Merry Christmas to you'....Even the thieves in Philippines during Christmas time say 'Thank You'...
On the other side, I sent many shipping boxes with materials for poor people by a shipping company, it was always delivered to the house and never anything was missing.
Posted 25 November 2011 - 03:45 AM
If you are not dead set on living in Manila, I would highly recommend looking elsewhere. You will have a much better experience in a more rural area (not remote, just not inner-city). Less crime, cost of living is exponentially cheaper and you'll have amazing views with clean air instead of surrounding yourself with concrete and dirty everything.
Do a search for a German lad by the name of Gerd. He has been living in Loon, Bohol (Philippines) for some time and has published several websites over the years about his experience(s) living in Thailand and the Philippines.
Posted 26 November 2011 - 08:14 AM
I also have suggested we try living outside of mainila, I would prefer somewhere a bit more picturesque and less polluted than the city.
Wherever we decide my main concern is that I can work from the condo so a decent internet connection is essential.
I will do ao search for Gerd's posts.
Posted 26 November 2011 - 08:24 AM
Posted 04 December 2011 - 10:14 AM
Posted 07 December 2011 - 06:18 PM
I was hoping to read up on his posts, any help would be appreciated in finding them.
As I mentioned before I plan to work on a laptop trading foreign exchange online and assume this is legal for me to do without a work permit if I am just there on a tourist visa and I would still be liable for UK income tax on anything earned over the single mans allowance.
Posted 07 December 2011 - 06:46 PM
Technically, working from your laptop under these circumstances is not legal...but who's going to know?
Edited by METHOS, 07 December 2011 - 06:48 PM.
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