|  Presentazione Filippine | OFFICIAL NAME: REPUBLIC OF THE PHILIPPINES
AREA: 300,000 sq km (115,830 sq miles) spread over 7,101 islands
POPULATION: 94.4 million (ADB, 2011)
CAPITAL: Manila
LOCAL TIME: GMT + 8 hours
PEOPLE: Filipinos are predominantly of Malay descent, although many have mixed ancestry such as
Chinese and Spanish
LANGUAGES: Pilipino (derivative of Tagalog) and English are official languages, including some 150 more
native languages,vernaculars, and dialects
RELIGION: Roman Catholic (83%), Protestant Denominations (8%), Muslim (5%), Iglesia ni Cristo (2.3%)
MONETARY UNIT: Philippine peso (with multi-currency acceptance for local transactions)
GOVERNMENT: Presidential (executive) with Bicameral Congress and Independent Judiciary
HEAD OF STATE AND GOVERNMENT: President (also Commander-in-Chief of Armed Forces)
MEMBERSHIP IN INTERNATIONAL ORGANIZATIONS: United Nations (UN), Association of Southeast
Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), Asian Development Bank (ADB),
World Trade Organization (WTO), World Bank (WB), International Monetary Fund (IMF), International
Atomic Energy Agency (IAEA), International Labor Organization (ILO), Inter-Parliamentary Union (IPU) |
|  FilippineTHE PHILIPPINE ECONOMY
§ The country's gross domestic product (GDP) grew 6.6 % in 2012, exceeding the higher
end of the government's 5-6% full-target year and has made it among the “resilient”
countries in Asia Pacific Region and the Middle East.
§ Was named as ‘Rising Tiger of Asia' (Motoo Konishi, World Bank-2013)
§ Ranked highest on the index as “relatively resilient” along with Japan and Hong Kong
(MasterCard, 2013)
§ Was ranked No. 3 among Asia's Fastest Growing Economies (Bloomberg, February-2013)
§ Was cited by Chris Wolfe (Merrill Lynch Private Banking and Investment Group CIO),
along with Peru, Brazil, Indonesia as a Favorite Frontier and Emerging Markets (‘Where
in the World to Invest')
§ Philippine Index rose 294% since Oct. 2008 and rose the most in Asia (Bloomberg,
lipMarch-2013)
Contatto |
| Investment |  A foreign acquisition of Philippine real estate is only allowed in the following cases:
§ Acquisition before the 1935 constitution
§ Acquisition thru hereditary succession if the foreign acquiree is a legal heir.
§ Purchase of not more than 40% interest as a whole in a condominium project (Republic
Act No. 4726, otherwise known as the Condominium Act)
§ Purchase by a former natural born Filipino citizen subject to the limitations prescribed
by law.
§ A Filipino who is married to an alien retains their Philippine citizenship, unless by their
act or omission they are deemed to have renounced their Philippine citizenship.
§ Foreign nationals and or corporations may 100% own a Philippine condominium or
town home
§ For private land, residential home with land lot and or commercial building with land lot
ownership, the foreign national and/or corporation forms a Philippine Corporation to
take ownership of the property.
§ A Philippine Corporation by law will be a maximum of 40% foreign owned, and a
minimum of 60% Filipino owned with a minimum of five incorporators. |
|
|  First Class Lifestyle§ Expats can enjoy accessible and affordable luxuries – business centers, housing, schools,
hospitals, shopping malls, hotels and restaurants, beach resorts, and recreation centers
all within the central business district.
UNLIMITED BUSINESS OPPORTUNITIES
§ Many Asian economies are beginning to integrate into the ASEAN Free Trade Agreement
(AFTA), making the Philippines an excellent strategic location for firms that want access
to the large ASEAN market and its trade opportunities.
§ The Philippines has set up certain areas for investment and free trade zones to take
advantage of its highly skilled and competitive manufacturing force.
Contatto |
| Accordo Tour |  § Was ranked 15th in a list of 22 of the “World's Top Retirement Havens in 2013” with an
index score of 79.5% (International Living, 2013)
§ COST OF LIVING: The cost of living in the Philippines is relatively low – housing, food and
labor costs are quite reasonable.
§ WORLD-CLASS MEDICAL AND HEALTHCARE SERVICES: Philippines has an exceptional
healthcare services and facilities that are comparable to the best anywhere else.
§ St. Luke's Medical Center (Bonifacio Global City / Quezon City)
§ Medical City (Pasig City)
§ Makati Medical Center (Makati City)
§ FILIPINO HOSPITALITY: Filipinos are naturally warm, friendly and hospitable.
§ CLIMATE: Philippines has an ideal weather suitable for foreigners who are looking for
warm, tropical places
§ ECO-TOURISM DESTINATION: Philippines can provide the retirees endless choices of
world-class destinations that will bring them closer to Mother Nature and beautiful
sceneries.
§ Subterranean River, Palawan – One of the 7 New Wonders of Nature
§ Tubbataha Reef, Cagayancillo – One of the Best Dive Sites in the World
(CNN)
§ Banaue Rice Terraces, Ifugao Province – Referred to as the ‘8th Wonder of
the World'
§ FIESTAS/FESTIVALS: Common occasions that are filled with games, parades, dancing and
eating
§ Explore the beauty of the 7,107 islands by land, sea and air
§ SPECIAL RETIREES VISA: Retirees can avail of the Special Resident Retirees Visa (SRRV)
which entitles foreign nationals to reside in the Philippines indefinitely with multiple
entry privileges and benefits |
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| |  | |  |
| | | | The Philippine Economy | § The country's gross domestic product (GDP) grew 6.6 % in 2012, exceeding the higher
end of the government's 5-6% full-target year and has made it among the “resilient”
countries in Asia Pacific Region and the Middle East.
§ Was named as ‘Rising Tiger of Asia' (Motoo Konishi, World Bank-2013)
§ Ranked highest on the index as “relatively resilient” along with Japan and Hong Kong
(MasterCard, 2013)
§ Was ranked No. 3 among Asia's Fastest Growing Economies (Bloomberg, February-2013)
§ Was cited by Chris Wolfe (Merrill Lynch Private Banking and Investment Group CIO),
along with Peru, Brazil, Indonesia as a Favorite Frontier and Emerging Markets (‘Where
in the World to Invest')
§ Philippine Index rose 294% since Oct. 2008 and rose the most in Asia (Bloomberg,
lipMarch-2013) |
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Filippine
