Best country for a freelancer / digital nomad post-covid

[fortunespeculator]

Of course. Expect a DM by tomorrow evening latest.

Is owning land possible in phillipines by a foreigner or only a filipino can buy it.

 

[backpacker]

Is owning land possible in phillipines by a foreigner or only a filipino can buy it.

Land can only be BOUGHT by a citizen of the Philippines who resides permanently within the Philippines. Apartments and entire buildings can be bought and owned by foreigners, too.
A condo in the Philippines does not have any land participation included.
If a foreign individual wants land participation this is usually done via a long term lease with a valididty of 50 years + contractual automatic extension of 25 years (= 75 years in total) that has to be registered with the Department of Trade and Industries since it is considered to be an investment.
There are more options but the above is the base rule.

 

[Mike Forman]

Is owning land possible in phillipines by a foreigner or only a filipino can buy it.

You can set up a corporation that owns the land. This corporation has to be min 60% Filipino shareholders, in this case it is best to use several Filipino shareholders that dont know each other and have everything prepared by a legal firm so they can run away with it.

Or as backpacker mentions, often the land is also leased, or many foreigners who have a spouse buy the land on her name.

A foreigner can own a condo as long as 60% of the owners in that condo building are Filipinos. There is a register kept as the condo is as a corporation with each owner being a shareholder.

 

[JackAlabama]

You can set up a corporation that owns the land. This corporation has to be min 60% Filipino shareholders, in this case it is best to use several Filipino shareholders that dont know each other and have everything prepared by a legal firm so they can run away with it.

Or as backpacker mentions, often the land is also leased, or many foreigners who have a spouse buy the land on her name.

A foreigner can own a condo as long as 60% of the owners in that condo building are Filipinos. There is a register kept as the condo is as a corporation with each owner being a shareholder.

Correct. This is practiced elsewhere too, e.g. in Africa where some countries prohibit non national land ownership.

 

[Mike Forman]

Hey jirapy can you help with the lawyer in Paraguay??


Hey Backpacker is the farm available for living?Is the internet good in the farm??

There is starlink available which has good results in the province without fiber connection (which is also not always stable).

 

[Lucas32]

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