FOREIGN INVESTMENTS ACT OF 1991

[Republic Act No. 7042]

AN ACT TO PROMOTE FOREIGN INVESTMENTS, PRESCRIBE THE PROCEDURES FOR REGISTERING ENTERPRISES DOING BUSINESS IN THE PHILIPPINES AND FOR OTHER PURPOSES

Batas Pambansa Bilang 185

 AN ACT TO IMPLEMENT SECTION FIFTEEN OF ARTICLE XIV OF THE CONSTITUTION AND FOR OTHER PURPOSES

OWNERSHIP BY FILIPINOS OVERSEAS

Article XII Section 8 of the Philippine Constitution provides that a

natural-born citizen of the Philippines who has lost his/her Philippine

citizenship may be a transferee of private lands subject to limitations

provided by law.

The law on land ownership by Filipinos overseas are contained in Batas

Pambansa Blg. 185, which was enacted in March 1982 and Republic Act

8179, which amended the Foreign Investment Act of 1991. Batas Pambansa

No. 185 stipulates guidelines on land ownership by former Filipinos

for purposes of establishment of residence, while Section 10 of RA 8179

specifies entitlements and conditions for land acquisition for investment

purposes.

Dual Citizenship:

Implementing Rules and Regulations for R.A. 9225

Memorandum Circular No. AFF-04-01

Rules Governing Philippine Citizenship under Republic Act (RA) No. 9225 and Administrative Order (A.O.) No. 91, Series of 2004

Special Resident Retiree's Visa (SRRV)

The Philippines actively promotes itself as a retirement destination and has actually created as special class of Visa called a Special Resident Retiree’s Visa (SRRV) to encourage people to retire to the Philippines.

 The Special Resident Retiree's Visa (SRRV) entitles the holder to multiple-entry privileges with the right to permanent residence in the Philippines. The SRRV is issued by the Bureau of Immigration of the Republic of the Philippines in connection with the Philippine Retirement Authority's Retirement Program for the foreigners and former Filipinos.