Car Ownership in the Philippines

[Overtrade]

Is it legally possible to purchase and insure a car while staying on a continuously extended 9A tourist visa?


Is it possible to legally and easily resell such a car?


What potential complications might arise?

 

[daniels27]

Check this one:
https://www.angloinfo.com/how-to/philippines/transport/vehicle-ownership/buying-a-new-car

Having read enough about Philippines, I personally would recommend you to just get some visa and a local driving licence there as it should be easy.

I guess you will need to properly register the car and have an address where they can send traffic fines etc. I guess it would be good if you can use somebody's address for that purpose.

Probably a local bank account would be good for reselling.

 

[Overtrade]

Thank you. It was helpful.

A separate significant decision is whether to be an eternal tourist in Philippines, as Peter Taradash @peter taradash taught to younger colleagues from offshorecorptalk, or to invest in an SIRV or SRRV or other PH visa.

Unfortunately, such things only become clear on the spot after 2-3 quarters, and sometimes, due to tax and other reasons, it takes 2-3 years to make a wise decision /retrospectively/ : )

 

[daniels27]

I think it is more a personal decision. As tourist you are subject to visa runs and extensions while with a proper visa, you can stay even when the next COVID comes.

I haven't checked the tax issues related to this, but from what I hear, you should be fine paying some basic self-employment income when staying there for the rest of your life. Let me know!