1. CAN A FOREIGNER OWN A LAND?

2. CAN A FOREIGNER BUY AND OWN A BUILDING?

3. CAN A BANK FINANCE TO PURCHASE PROPERTIES?

4. AS BUYER, DO I HAVE TO PAY AGENT SERVICE FEE?

5. IS BORACAY A GOOD INVESTMENT PLACE?

CAN A FOREIGNER OWN A LAND?

Under Philippine Law, foreigner cannot own land. It is only possible by setting up a Filipino corporation which can buy or hold properties. To form a corporation, foreigner will need a Filipino partners holding 60% ownership of the company while the foreigner is entitled only to hold 40% ownership of the company.

CAN A FOREIGNER BUY AND OWN A BUILDING?

Yes. Foreigner can buy and own a building and can lease a property up to 25 years with the option of another 25 years, total of 50 years.

CAN A BANK FINANCE TO PURCHASE PROPERTIES?

Unfortunately, the bank cannot finance to purchase properties since Boracay land is 98% untitled. It is only covered by a Tax Declaration and the banks generally do not accept tax declaration for applying mortgage but still there are non-bank financial institutions that permits mortgage by accepting tax declaration only.

AS BUYER, DO I HAVE TO PAY AGENT SERVICE FEE?

As buyer, you don’t have to pay agent service fee or commission. We will bring you to places we can offer and our service is free, you only have to pay the transportation expense.

IS BORACAY A GOOD INVESTMENT PLACE?

Boracay is one of the most beautiful beaches in the world, blessed with all the elements of tropical paradise-crystal blue waters, powder white sand, liberal doses of palms and flowering plants, and a healthy marine life underneath the seas. Many foreign and local tourists have come back year after year and some have even chosen to live in this paradise island and done some business. Boracay is nearly fully developed, that’s why land appraisal goes higher and higher. Investors have a guaranteed return of investment. Some business are engage in resort/hotel accommodations, dive shops, bars and restaurants, golf courses, spa’s, gyms and a lot more. At any point of the island, visitors can hear English, German and French spoken fluently. More importantly, visitors respect the serene quality of the place, and pay tribute to native Boracaynons by behaving according to local behavioural which means no nudity, no fighting, and no loud commotions-safe and convenient. What are you waiting for? Invest now.