REAL ESATE LAWS AND REFERENCES 1.10
Former Natural-born Philippine Citizen now Naturalized American Citizen
Any natural-born Philippine citizen who has lost his Philippine citizenship may still own private land in the Philippines up to a maximum area of 1,000 square meters of urban land or 5,000 square meters in the case of rural land. In case of married couples, the total area that both couples are allowed to purchase should not exceed the maximum area mentioned above.
Filipinos and Former Filipino Citizens (Balikbayans) and OFW
Former natural-born Filipinos who are now naturalized citizens of another country can buy and register, under their own name, land in the Philippines but limited in land area. However, those who avail of the Dual Citizenship Law in the Philippines can buy as much as any other Filipino citizen can. Under Republic Act 9225 (Philippines Dual Citizenship Law of 2003), former Filipinos who become naturalized citizens of foreign countries are deemed not to have lost their Philippine citizenship, thus enabling them to enjoy all the rights and privileges of a Filipino regarding land ownership in the Philippines.
Ric
February 2, 2017 at 3:32 pm
Is it possible for a American Citizen can purchase a 5 hectares property for farming?