Rule of Owning a Home in the Philippines

1. General Rule – only Filipino citizens and corporations with at least sixty percent of the capital of which is owned by Filipino are entitled to acquire and own land in the Philippines.
2. Exceptions to General Rule – Alien acquisition of real estate in the Philippines is allowed in the following cases:
   A) Acquisition before the 1935 Constitution
   B) Acquisition thru hereditary succession if the alien acquires is a legal heir.
   C) Purchase of not more than forty percent interest in a condominium project. Example: if a condominium unit has 100 units, different foreigners can own 40 or 40% of these units.

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