G'day all. I am single male (British nationality , Aussie resident since a child) wishing to retire under RSSV provision and thereafter hope to buy a home to live in permanently , preferably in the Subic area, perhaps around Olangapo or Barreta. To that end I have been downloading articles and videos of agents specialising in showing such homes for long term lease to us, particularly a site run by an Aussie guy and have a video of such a home he was videoing for lease/ sale to a US client not married to a Filipino (which was a stand alone property with surrounding gardens in Subic, one of several he was showing).
But I am now totally confused as I am now under the impression that the following Pili govt rules apply
.1. Foreigners cannot lease/buy a house which is unattached in their name
.2. Foreigners can only buy a Condo in their name
.3. Foreigners cannot lease land in their name on which to build
4. If married to a Filipino you can do all the above but it must be in wife's name only
and if she dies or is killed in an accident , or leaves you, you can lose the lot with no recompense.
I am fully aware that we cannot own land under RSSV. I could not live in a condo or flat.
Yet this guy is getting a commission on unattached homes he is selling to foreigners ??
Is this only allowable under special provisions in Subic?
Can I then, purchase a Town House , that is double story with common walls with around 4 to 6 in a block? If so what is the situation with % or ownership by nationals ? (60 % for a condo)
RSSV: Here is what I've been told:
You must apply for RSSV in Philippines only
You MUST be there on a Special Visitors Visa of 20 days ONLY
But you may have to wait for 30 days before its approved!!!
(By which time your illegal!!)
Your Address there CANNOT BE A HOTEL!!! (This seems insane, where else can an applicant
stay when on a 20 day visa??)
You must have the US$10,000 in a bank there before you apply and have a certificate from
the bank stating its there for buying a residence which must be at least worth US$50,000
and getting all this beforehand is also going to eat up a bit of your 20 day stay.
Much of this data comes from Filipina attorneys who have advising i/net sites
Sorry to burden you with so many questions but after 3 months of getting contradictory advice I need to get it from the horses mouths and hopefully the people who have actually done it can tell me through this useful and so necessary site!!!
Thanks for your time
John