Recent content by Jock

Keep individual transfers below 500KP. There is a reporting obligation on banks for amounts above (as I vaguely recall). One off large transfers may be ok, I don`t know, but for regular transfers best to keep each below 500,000P.

10 or so years ago.

No. Quota visa. It is the investor visa but, like I said, no investment is required (or was when I did it). My money was only tied up for the 2 weeks it took to get the bank letter.

Quota visa is the best (strongest). Gives permanent residency. Not sure about now but when I did it I only had to transfer some money into my bank account (for "investment purposes"), get a letter from the bank stating this had been done and then that was that. There was no rules about having to...

Most people leave. It is a frustrating shithole.

If you don`t know who "they" are you have ALOT to realise.

Downhill since WW2. Perhaps not is all as we have been told.

Jewish marxists waging war against us. And how many of us even notice.

PH - easy to buy. Let`s talk about selling :-) Has anybody sold? :) This country is a dysfunctional circus. Make money in it doing bussines , but buying "assets" ........... it is not an asset until you sell it. Try that.

The PH is broken because Filipino "thinking" is broken. Buy a property? Look at how the owners trying to sell theirs are getting on. It is a broken market.

Philippines - can open USD bank accounts. Minimum is only 500USD. Think you need to be a resident though.

Best visa is Quota Visa. Try Phillipine forums for the other questions.

It should be good. Don`t over think it too much. Filipinos don`t. The important thing is PH is not a part of CRS so I don`t think they receive any info from overseas. Even if they do it is a highly inept country. Just lie low and don`t say anything. Territoral taxation for resident aliens but...

Holders of a Permanent Residence Visa are exempt from obtaining an AEP pursuant to DOLE Department Order No. 97-09: "Revised Rules for the Issuance of Employment Permits to Foreign National". You can get a Certification from DOLE stating such. I did. Last edited: Jul 17, 2023

In the “Corporation Code” of the PH there is no concept of residence for tax purposes. Instead the PH applies the incorporation test. As a result, you would be unable to obtain a PH TIN for your overseas company as under the criteria of the PH Government, it is not considered tax resident...