Under Philippine Law, Foreigners are not allowed to own land. However, they are allowed to own houses, condominiums, or other improvements which are considered mere accessories to the land on which these properties are located. For this reason, tax declarations or condominium certificate of titles (CCTs) for these properties (houses, condominiums, etc) may be issued by the government directly in the names of the foreigners.
Forming a 60% Filipino and 40% Foreign Corporation is the best option to owned land involving foreign entities. It is important to consult a lawyer and an accountant to know the pros and cons in pursuing this.
Dear Madam/Sir,
I am a foreigner and currently looking at real estate properties in Boracay. As such, may you suggest some “big named” real estate agencies in Boracay so that I can get more information? Many thanks.
Best,
MC
Hello Mr. Mark Chan! This is Mary Joan Valenzuela of Costa Vista Boracay. Our project Concept: Costa Vista boracay is a 6 mid-rise condominium comprise this 6 hectare property in Brgy. Yapak, Malay Aklan(boracay island)
Costa Vista residents will enjoy an elite lifestyle, having access to a variety of complete amenities within the compound.
Costa Vista boracay will consist of studio unit, 1 bedroom unit & 2 bedroom units.
Vista land takes pride on Costa Vista Boracay as it is a smart investment decision. Committed to deliver high standard products and first class services, and true cost-effective deals that offer superior products at its best.
For Sample photos and Sample computations of the unit, please contact +63 905 409 3934 viber. or email at chiquivistaland@gmail.com