Citizenship Issues and Land Ownership

Citizenship Issues and Land Ownership

The Law of the Philippine states that, "former Filipinos or those who are natural-born Filipinos but lost their citizenship are still entitled to own real state properties in the Philippines" but subject to some limitations. Below is a few guidelines to former Filipinos.

1. The land must be use for business and residential purposes only.
2. Acquisition of Land may be through sale, donation, for closure, tax sale or execution sale.
3. If land is for Residential purpose, their is a maximum of 1,000 square meters of urban land or 1 hectares of rural land allowed.
4. You can acquire either Urban or Rural lots, but not both.
5. If land is for Business Purpose, a maximum of 5,000 square meters of urban land or 3 hectares of rural land is allowed.
6. A maximum of 2 lots not exceeding the maximum limit in total combined area is allowed. Lots must be located in different cities or municipalites.
7. Either one or both spouses may avail of this privilege, but the above limits must be observed.

Holders of Dual Citizenships are allowed full rights of possessions of real estate in the Philippines

by:Realtor Anthony "Tonton" Leuterio


more details: http://filipino-homes.blogspot.com/2011/03/citizenship-issues-and-land-ownership.html