@pedrop2382 ya but 75k ties up capital if they allowed a condo purchase and that would give you permanet residemcy it would be a sweet deal but 75k basically to get PR not appealing
On your website you state: "There is an application processing fee of $20,000, plus $5,000 to cover expenses for the onboarding trip." This is quite high and shouldn't be hidden...!!
Fair comment, although it wasn't an attempt to hide it. The question is - is $25k acceptable for PR and a pathway to citizenship. If yes, its a good deal. If no, try the SIRV or another visa.
You’re correct, individuals who are not natural-born Filipinos are generally not eligible for dual citizenship under Philippine law. The Republic Act No. 9225, also known as the Citizenship Retention and Re-acquisition Act of 2003, allows natural-born Filipinos who have lost their citizenship through naturalization in another country to reacquire Filipino citizenship. This law does not extend to individuals who were not natural-born Filipinos. However, if someone who was not originally a natural-born Filipino becomes a naturalized citizen of the Philippines, they typically have to renounce their previous citizenship, as the Philippines does not allow dual citizenship for naturalized citizens.
@@QuantumBits0Which that kind of seems racist on the Filipino's part to allow ex Filipinos to become citizens again and allow duel Citizenship but not for non Native born .The law is hurting the Philippines growth .They need to allow Duel Citizenship period.
To obtain permanent residency in Indonesia, you typically need to start with a temporary stay permit (KITAS), often based on employment, investment, or marriage to an Indonesian citizen. After holding a KITAS for several consecutive years (usually 3 to 5), you can apply for a permanent stay permit (KITAP). The process involves meeting specific requirements, including a clean criminal record, proof of financial stability, and sponsorship by an Indonesian citizen or a legal entity.
The contents of the Oath of Allegiance for those applying for Philippine citizenship through naturalization generally include the following key elements: 1. Renunciation of Foreign Allegiance: The applicant renounces their allegiance to any other state or sovereignty. 2. Pledge of Loyalty to the Philippines: The applicant pledges loyalty to the Republic of the Philippines and its constitution. 3. Obligation to Defend the Country: The applicant swears to obey the laws of the Philippines and to defend it against all enemies, both foreign and domestic. 4. Commitment to National Interests: The applicant commits to promoting the general welfare of the Filipino people. These components are standard in many oaths of allegiance globally and are meant to ensure that the individual fully integrates into their new country of citizenship, prioritizing it above any other national loyalties.
Obtaining permanent residency in the Philippines gives you access to various services similar to those available to Filipino citizens. These include the ability to open local bank accounts, apply for loans, access public healthcare, enroll in schools, work without needing a special work permit, and enjoy ease of travel in and out of the country without needing to renew a visa frequently. Additionally, permanent residents can own property under certain conditions and participate more fully in the local economy.
@Arthur-da Cool, no one's forcing you to stay. If the Philippines isn’t up to your 'standards,' feel free to take your broke ass elsewhere. We’ll be just fine without you.
Where does the $75k investment goes? If the investment goes to designated company, what are f the company goes sour? Can I get my $75k back if I withdraw my visa?
Yup! When children who hold permanent residency (PR) in the Philippines through their parents turn 21, they generally lose their PR status. This is because their residency is typically dependent on their status as minors under the care of their parents. Once they reach the age of majority, they need to apply for their own visa or permanent residency status if they wish to remain in the Philippines long-term.
No thanks, my plan works better. I live in Philippines for 5 months, 3 weeks (only 3 trips to visa agency and no EEC) , then I go back to Florida for a few months, then back to my condo in Cebu. I keep my investments in the USA, and live on my schedule. Nice video, though. Most budget/visa videos cater to poor expats scraping by on a Social Security check.
Only Filipino citizens can obtain a passport! Only Filipino citizens can own PH lands. It would be better for foreigners to instead purchase condominiums.
Interesting. But need to read all the fine details though. Not sure it is really better than the other investment visa. You litterally block the 75k with this one, and the Filipino nationality is not that interesting for a foreigner for tax purposes.
If someone with a net worth like Elon Musk or Jeff Bezos manages to become a citizen through this visa program, they'd be able to buy more than half of the country lol. Elon Musk can buy Melville on Balabac Island, rename it Muskville and build a Space X launch site in the area since it is close to the equator (the ideal region to launch rockets).
Elon Musk or Jeff Bezos wouldn’t be able to buy more than half of the country due to strict limitations on foreign land ownership in the Philippines. Under Philippine law, foreigners can’t directly own land, though they can own up to 40% of a corporation that holds the title to the land. So, while Musk could theoretically invest in significant projects or businesses, including a venture like a SpaceX launch site, he’d need to navigate these restrictions.
@@QuantumBits0 As someone already replied, this visa program is supposed to give a pathway to citizenship, which allows foreigners the same rights to own land as natural born Filipinos. If someone like Elon Musk decides to get this new visa then reaches the point where he applies for citizenship, then if he's granted citizenship he can basically buy more than half the country lol.
@@cf7922 The Constitution limits land ownership, particularly for agricultural land, and the Comprehensive Agrarian Reform Program (CARP) enforces these restrictions to ensure equitable land distribution. Additionally, the government closely monitors large-scale acquisitions to protect national interests. So, even with citizenship, owning "half the country" is far from feasible.
@@QuantumBits0 Okay, maybe he won't be able to literally buy half the country, but he'd certainly be able to set up something in scope similar to SM, Ayala, San Miguel etc, he might even be able to set up something at least twice the size of SM before encountering any significant opposition from "concerned" parties about becoming too "powerful", if it even comes to that as the dollar signs might be too much of an incentive for anyone to try to seriously stop someone like him.
Im not sure about you not able to own land in the Philipines as a Foreigner when theres a Facebook group, that has a white foreign couple that own SEVERAL acres of land in a province, somewhere in the Philipines. They have owned that land for SEVERAL years and still live there.
Thank you for this video. 👍🙏
The srrv is the best deal
Don't see the appeal you can easily get visa extension, stay up to 36 months leave come back. There is no need to invest 75k.
they can change that any time, with fiv you can stay or leave and its permanent
@pedrop2382 ya but 75k ties up capital if they allowed a condo purchase and that would give you permanet residemcy it would be a sweet deal but 75k basically to get PR not appealing
I don't want to call this a scam so I will just say it is a REALLY BAD DEAL. Consider an SRRV visa.
How do you deposit the money and what bank is it?
What's the official website for this visa?
can you pay it through crypto somehow?
On this visa, can you live anywhere in the Philippines, or are you limited to living in the Bataan area?
Anywhere
On your website you state: "There is an application processing fee of $20,000, plus $5,000 to cover expenses for the onboarding trip."
This is quite high and shouldn't be hidden...!!
It is actually 75k + 25k so it is a 100k investment
Fair comment, although it wasn't an attempt to hide it. The question is - is $25k acceptable for PR and a pathway to citizenship. If yes, its a good deal. If no, try the SIRV or another visa.
@@offshoreinasiawhat's the official website of the Philippines for this visa?
Its my understanding that Individuals who are not natural born Filipinos are not eligible for dual citizenship, but i could be wrong
You’re correct, individuals who are not natural-born Filipinos are generally not eligible for dual citizenship under Philippine law. The Republic Act No. 9225, also known as the Citizenship Retention and Re-acquisition Act of 2003, allows natural-born Filipinos who have lost their citizenship through naturalization in another country to reacquire Filipino citizenship. This law does not extend to individuals who were not natural-born Filipinos.
However, if someone who was not originally a natural-born Filipino becomes a naturalized citizen of the Philippines, they typically have to renounce their previous citizenship, as the Philippines does not allow dual citizenship for naturalized citizens.
@@QuantumBits0Which that kind of seems racist on the Filipino's part to allow ex Filipinos to become citizens again and allow duel Citizenship but not for non Native born .The law is hurting the Philippines growth .They need to allow Duel Citizenship period.
@jeff-i7x It's not racist It's common sense to favor the natives over foreigners, what country give foreigner equal privileges as the natives?
Have you anything about Indonesia
To obtain permanent residency in Indonesia, you typically need to start with a temporary stay permit (KITAS), often based on employment, investment, or marriage to an Indonesian citizen. After holding a KITAS for several consecutive years (usually 3 to 5), you can apply for a permanent stay permit (KITAP). The process involves meeting specific requirements, including a clean criminal record, proof of financial stability, and sponsorship by an Indonesian citizen or a legal entity.
Can you claim back your 75k after citizenship or
Nope if you take your money back they revoke the visa
@@billylong7080 he is talking about the citizenship not the visa, so once you get the citizenship after the 5 years, yes you get your money back
What are the contents of the oath?
The contents of the Oath of Allegiance for those applying for Philippine citizenship through naturalization generally include the following key elements:
1. Renunciation of Foreign Allegiance: The applicant renounces their allegiance to any other state or sovereignty.
2. Pledge of Loyalty to the Philippines: The applicant pledges loyalty to the Republic of the Philippines and its constitution.
3. Obligation to Defend the Country: The applicant swears to obey the laws of the Philippines and to defend it against all enemies, both foreign and domestic.
4. Commitment to National Interests: The applicant commits to promoting the general welfare of the Filipino people.
These components are standard in many oaths of allegiance globally and are meant to ensure that the individual fully integrates into their new country of citizenship, prioritizing it above any other national loyalties.
Full access to public services. Lol. What services?
Obtaining permanent residency in the Philippines gives you access to various services similar to those available to Filipino citizens. These include the ability to open local bank accounts, apply for loans, access public healthcare, enroll in schools, work without needing a special work permit, and enjoy ease of travel in and out of the country without needing to renew a visa frequently. Additionally, permanent residents can own property under certain conditions and participate more fully in the local economy.
@Arthur-da Cool, no one's forcing you to stay. If the Philippines isn’t up to your 'standards,' feel free to take your broke ass elsewhere. We’ll be just fine without you.
@@QuantumBits0thank you 🙏
Where does the $75k investment goes?
If the investment goes to designated company, what are f the company goes sour?
Can I get my $75k back if I withdraw my visa?
Does that mean that when your children become 21 that they lose their PR?
Yup! When children who hold permanent residency (PR) in the Philippines through their parents turn 21, they generally lose their PR status. This is because their residency is typically dependent on their status as minors under the care of their parents. Once they reach the age of majority, they need to apply for their own visa or permanent residency status if they wish to remain in the Philippines long-term.
No thanks, my plan works better. I live in Philippines for 5 months, 3 weeks (only 3 trips to visa agency and no EEC) , then I go back to Florida for a few months, then back to my condo in Cebu. I keep my investments in the USA, and live on my schedule. Nice video, though. Most budget/visa videos cater to poor expats scraping by on a Social Security check.
Too much more money.
When you become a permanent resident and obtain a passport does that give a person the right to own land in the Philippines
Only Filipino citizens can obtain a passport! Only Filipino citizens can own PH lands.
It would be better for foreigners to instead purchase condominiums.
You only get passport when you become a citizen. If you are a citizen you can own land.
Can you invest the $75 000 in your own OPC?
Not at this point.
What is OPC?
if you become citizen with philippines passport then you pay worldwide income tax
Interesting. But need to read all the fine details though. Not sure it is really better than the other investment visa. You litterally block the 75k with this one, and the Filipino nationality is not that interesting for a foreigner for tax purposes.
Good points. The SIRV is still a good option.
@@offshoreinasiaafter getting the FIB, what r then the requirements to become a citizen?
If someone with a net worth like Elon Musk or Jeff Bezos manages to become a citizen through this visa program, they'd be able to buy more than half of the country lol. Elon Musk can buy Melville on Balabac Island, rename it Muskville and build a Space X launch site in the area since it is close to the equator (the ideal region to launch rockets).
Elon Musk or Jeff Bezos wouldn’t be able to buy more than half of the country due to strict limitations on foreign land ownership in the Philippines. Under Philippine law, foreigners can’t directly own land, though they can own up to 40% of a corporation that holds the title to the land. So, while Musk could theoretically invest in significant projects or businesses, including a venture like a SpaceX launch site, he’d need to navigate these restrictions.
@@QuantumBits0 But this FIV investor program give possibility for citizenship...
@@QuantumBits0 As someone already replied, this visa program is supposed to give a pathway to citizenship, which allows foreigners the same rights to own land as natural born Filipinos. If someone like Elon Musk decides to get this new visa then reaches the point where he applies for citizenship, then if he's granted citizenship he can basically buy more than half the country lol.
@@cf7922 The Constitution limits land ownership, particularly for agricultural land, and the Comprehensive Agrarian Reform Program (CARP) enforces these restrictions to ensure equitable land distribution. Additionally, the government closely monitors large-scale acquisitions to protect national interests. So, even with citizenship, owning "half the country" is far from feasible.
@@QuantumBits0 Okay, maybe he won't be able to literally buy half the country, but he'd certainly be able to set up something in scope similar to SM, Ayala, San Miguel etc, he might even be able to set up something at least twice the size of SM before encountering any significant opposition from "concerned" parties about becoming too "powerful", if it even comes to that as the dollar signs might be too much of an incentive for anyone to try to seriously stop someone like him.
Im not sure about you not able to own land in the Philipines as a Foreigner when theres a Facebook group, that has a white foreign couple that own SEVERAL acres of land in a province, somewhere in the Philipines. They have owned that land for SEVERAL years and still live there.
It will usually require a Philippines company with 60% local ownership.