A Foreign Retiree’s Guide to Owning Property in the Philippines (Especially in Cebu)
#ForeignRetireeGuide #SRRVPhilippines #RetireInCebu #CebuRealEstate #CondoInvestmentPH #SOLARealty #PropertyOwnershipGuidePH #LiveInThePhilippines
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A Foreign Retiree’s Guide to Owning Property in the Philippines (Especially in Cebu)
For many foreign retirees, the Philippines—especially Cebu—offers the perfect blend of tropical lifestyle, friendly communities, affordable living, and warm hospitality. If you’re thinking of settling down and retiring in Cebu, you may be asking: Can foreigners own property in the Philippines? The short answer: Yes—with some important guidelines.
Here’s a simplified guide to help you make informed decisions:
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1. Can Foreigners Own Land in the Philippines?
No, foreigners cannot directly own land. But there are legal alternatives:
Condominiums – Foreigners can own up to 40% of a condo building’s total unit count.
Leasing Land – Foreigners can lease land long-term (25 years, renewable for another 25 years).
Married to a Filipino? – Land can be in your Filipino spouse’s name, but you have usage rights.
Corporation Ownership – You may own land through a Filipino-controlled corporation (60% Filipino-owned, 40% foreign).
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2. What Can You Legally Own as a Foreigner?
Condo Units
Buildings (not the land) – Example: You can own a house built on leased land.
Shares in a Condo Corporation or Developer Projects
Long-term lease contracts for residential or commercial use
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3. What is the SRRV? (Special Resident Retiree’s Visa)
The SRRV is a visa program by the Philippine Retirement Authority (PRA) that allows foreign retirees to:
Stay in the Philippines indefinitely with multiple-entry privileges
Own condo units or long-term lease properties legally
Access medical care, banking services, and tax incentives
Basic SRRV Requirements:
Age 50+ with a pension or bank deposit
Deposit of USD $10,000 to $20,000 depending on retirement plan
Health and police clearance from your country
Pro tip: Many foreigners use SRRV as their legal residency base while enjoying their condo or resort unit in Cebu.
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4. Best Property Types for Retirees in Cebu
Seaside Condos in Mactan or Liloan
Mountain Villas in Busay or Balamban
Peaceful Townhomes in Minglanilla or Compostela
Condo developments near hospitals and malls in Cebu City
All of these locations offer a mix of tranquility, access to medical care, and modern amenities.
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5. How to Start Your Investment Safely
Work only with licensed brokers and legitimate developers
Ask for title documents, tax declarations, and building permits
Consider properties with property management included for stress-free ownership
Let a trusted broker help you navigate the legal paperwork and protect your interest
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Retiring in Cebu means enjoying your golden years in paradise—without legal headaches. With the right approach, you can build your dream lifestyle and secure your legacy in one of Asia’s most welcoming destinations.
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#ForeignRetireeGuide #SRRVPhilippines #RetireInCebu #CebuRealEstate #CondoInvestmentPH #SOLARealty #PropertyOwnershipGuidePH #LiveInThePhilippines
