Top 3 Reasons To Move To Philippines As An Expat
So, you’re considering a move to the Philippines? You’re in for a treat! Whether you are looking to retire, start a business or just take an extended break from your current life, this tropical paradise is one of the top destinations for ex-pats. With stunning beaches, year-round sunshine, and an incredibly welcoming culture, it’s hard not to fall head-over-heels in love with the country.
But apart from its breathtaking beauty, what other reasons make living in the Philippines an attractive option? Let’s explore the top 3 reasons why you should move to this impressive archipelago nation.
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1. Financial Reasons
For starters, finances can be less of a headache when choosing the Philippines as a destination for your new home. The cost of living is much lower than in many other countries, and it’s easy to transfer money from your home country or invest in local businesses.
Buying a house in the Philippines is surprisingly easy. You can purchase property under your own name or establish a corporation that you control and use it to buy real estate. It’s also important to note that, as an expat, you are not allowed to own land in the country. However, I was glad to realize that foreigners could own condo units and small residences.
Besides real estate and the ease of living in the Philippines, banking is a breeze. There are plenty of banks to choose from, and you can open an account either in person or online –…
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