Recent content by Jock

Keep individual transfers below 500KP. There is a reporting obligation on banks for amounts above (as I vaguely recall). One off large transfers may be ok, I don`t know, but for regular transfers best to keep each below 500,000P.

10 or so years ago.

No. Quota visa. It is the investor visa but, like I said, no investment is required (or was when I did it). My money was only tied up for the 2 weeks it took to get the bank letter.

Quota visa is the best (strongest). Gives permanent residency. Not sure about now but when I did it I only had to transfer some money into my bank account (for "investment purposes"), get a letter from the bank stating this had been done and then that was that. There was no rules about having...

Most people leave. It is a frustrating shithole.

If you don`t know who "they" are you have ALOT to realise.

Downhill since WW2. Perhaps not is all as we have been told.

Jewish marxists waging war against us. And how many of us even notice.

PH - easy to buy. Let`s talk about selling :-) Has anybody sold? :) This country is a dysfunctional circus. Make money in it doing bussines , but buying "assets" ........... it is not an asset until you sell it. Try that.

The PH is broken because Filipino "thinking" is broken. Buy a property? Look at how the owners trying to sell theirs are getting on. It is a broken market.

Philippines - can open USD bank accounts. Minimum is only 500USD. Think you need to be a resident though.

It was an offshore company. IBC.

I don`t know how Paypal would work here for an LLC. I`d like to know. I had a Paypal account for an IBC. Worked for 12 years but they shut it down last year, saying that the Paypal account must be in the country of incorporation. They banned the company and me at the same time so can`t reopen.

Paypal and Wise are run in the PH itself under PH gov regulations so reporting may be a part of this. You need to remember though that this is a highly inept country. For example yesterday I emailed my bank. Mail was rejected by server. Call them up, phone number disconnected. It is a clown...

Best visa is Quota Visa. Try Phillipine forums for the other questions.