19/01/2015
OWNERSHIP & RIGHTS
In general, foreign individuals or corporations cannot privately own land in the Philippines. However, foreign investors can acquire up to 40% of the equity in a domestic company that owns land in the Philippines.7 Foreigners are also allowed to purchase a condominium unit, provided that total foreign ownership of the condominium corporation does not exceed 40%.8 Under the Investors' Lease Act of 1993, foreign investors may lease land for certain industrial and agricultural projects for a straight period of 50 years, renewable for another 25 years.