Only Philippine Nationals can own land in the Philippines.
WHO ARE CONSIDERED PHILIPPINE NATIONALS: (R.A. 8197)
1.Filipino citizens.
2.Corporation organized under Philippine laws, 60% of the capital stock
outstanding and entitled to vote is owned and held by Philippine
citizens.
3.Corporation organized abroad and registered as doing business in the
Philippines under the Corporation Code, 100% of the capital stock
outstanding and entitled to vote is wholly owned by Philippine
citizens.
4.Domestic Partnership wholly owned by Philippine citizens.
WHO ARE CONSIDERED FILIPINO CITIZENS: (Art. IV., Sec. 1 - 1987 Constitution)
Those who are citizens of the Philippines at the time of the adoption of
the 1987 Constitution.
Those whose fathers or mothers are the citizens.
Those born before January 17, 1973 , of Filipino mothers, who elect
Philippine citizenship upon reaching the age of majority; and
Those who are naturalized in accordance with Law.
Those born in the Philippines of foreign parents who before the adoption
of said constitution had been elected to public office in the Philippines.
EXCEPTION TO THE RULE THAT ALIENS CANNOT OWN LAND IN THE PHILIPPINES:
Aliens may own lands in the Philippines only under the following
circumstances:
1)Former Natural born Filipino citizens.
* Limitations to ownership as provided by B.P. Blg. 185
a) The land shall be used by him/her as residence; and
b) The area shall not exceed 1000 square meters if an urban land or
1 hectare if a rural land.
c) If the former natural born Filipino citizens already owns urban
or rural land for residential purpose , he / she may still be
entitled to be a transferee of additional urban or rural lands,
provided that the total land area owned by him/her will not
exceed the allowed maximum limit.
d) In case of married couples, one of them may avail of the
privilege herein granted provided, that if both shall avail
of the same, the total area acquired shall not exceed the maximum
area fixed herein;
e) He/she cannot acquire more than 2 lots;
f) If he/she acquires 2 lots, the same must be situated in different
municipalities or cities;
g) If he/she already acquired urban land, he/she shall be
disqualified from acquiring rural land and vice versa.
* Limitations to Ownership as provided by R.A. No. 8179:
Land acquired under Act shall be primarily, directly and
actually used by the transferee in the performance or conduct of his
business or commercial activities in the broad area of agriculture,
industry, and services, including the Lease of land, but excluding
the buying and selling thereof. (Section 5, Rule XII , IRR of RA
7042, as amended by 8179)
The area shall not exceed 5,000 square meters if an urban
land or 3 hectares if a rural land.
In case he/she already owns urban or rural lands for
business or other purposes, he/she shall still be entitled to be a
transferee of additional urban or rural land for business or other
purposes which when added to those already owned by him shall not
exceed the maximum areas allowed.
He / she cannot acquire more than 2 lots.
In case of married couples, one of them may avail of the
privilege herein granted provided, that if both shall avail of the
same, the total area acquired shall not exceed the maximum area fixed
herein.
A transferee who has already acquired urban land shall be
disqualified from acquiring rural lands and vice versa. However, if
the transferee has disposed of his urban land, he may still acquire
rural land and vice versa, provided that this will be used for
business or other purposes.
2) If the foreigner acquired the same through succession as of the
legal heirs of the deceased.
3) Dual Citizenship under the Dual Citizenship Law (RA 9225
effective on September 17, 2003.)
Filipinos who had lost their Philippine citizenship by
acquisition of citizenship of another country may reacquire their
citizenship under this law without renouncing their foreign
citizenship. This reacquisition of Filipino citizenship shall grant
full civil and political rights to the Filipino dual citizen,
including the right to own private lands and properties in the
Philippines, without limitation other than those normally imposed on
Filipino citizens.
d) Foreigners can acquire condominiums but up to a certain extent
only;
e) Lands acquired by Americans prior to July 4, 1946 (vested rights).
f) Lands acquired by Americans before July 3, 1974 provided the
following requisites are present:
f.1.They are formerly Filipino citizens OR who on May 27,
1976 had continously resided in the Philippines for at least 20
years OR who have become permanents residents of the
Philippines;AND
f.2.Had acquired private residential lands not exceeding
5,000 square meters for a family dwelling. (P.D. No. 173)
MEANING OF NATURAL BORN CITIZENS OF THE PHILIPPINES:
Natural born citizens are those who are citizens of the Philippines from
birth without having to perform an act to acquire or perfect their
citizenship. Those who elect Philippine citizenship shall be deemed natural
born-citizens. (Sec. 2, 1987 Constitution)
A resident retiree or holder of the SRRV can invest in real estate properties in the Philippines as one his privileges or benefits, namely:
1.Purchase, acquisition and ownership of a condominium unit;
2.Long-Term Lease of house and lot, condominium or townhouse, which should not be for a period shorter than (20) years;
3.Purchase, acquisition and ownership of golf or country club share/s;
1.Purchase, acquisition and ownership of a condominium unit;
2.Long-Term Lease of house and lot, condominium or townhouse, which should not be for a period shorter than (20) years;
3.Purchase, acquisition and ownership of golf or country club share/s;
For more information please visit http://www.pra.gov.ph
