For foreigners who wanted to legally own real estate properties in the Philippines

By law, foreigner/aliens can only own condominium units through a Condominium Certificate of Title (CCT).  All foreigners are legally prohibited from directly owning any form of real estate (land) property with an Original Certificate of Title (OCT) and/or Transfer certificate of Title(TCT).

However, a foreigner with a Filipino husband/wife may acquire properties but ownership shall be placed in the name of the Filipino husband/wife.

The foreigner buyer may also place the property in the name of his company, if he has one established in the Philippines.

©Laxa Realty