Vibrant, Fun-loving and Eclectic Group of People The Philippines has 16 regions with their own particular culture, personality and beliefs but one thing that is similar in each and every Filipino is their love for fun and excitement. Each region has its own particular cuisine. Filipino food is a diverse blend of Oriental, European and American culinary tastes. Fresh seafoods are abundant.
The Philippines has a tropical maritime climate and is usually hot and humid. There are three seasons: tag-init or tag-araw, the hot dry season or summer from March to May; tag-ulan, the rainy season from June to November; and tag-lamig, the cool dry season from December to February. The southwest monsoon (from May to October) is known as the Habagat, and the dry winds of the northeast monsoon (from November to April), the Amihan. Temperatures usually range from 21 °C (70 °F) to 32 °C (90 °F) although it can get cooler or hotter depending on the season. The coolest month is January; the warmest is May.
The official currency of the Philippines is the Piso which is subdivided into 100 centavos.
Filipino Nearly over 90% of the population speaks English as a second language
By law, foreigners don't have the right to acquire land in the Philippines. Only Filipino citizens can own land (there have been many proposals to amend this law but of this writing, the law remains unchanged.) The simplest way for a foreigner to acquire real estate properties is to have a Filipino spouse purchase a property in his/her name. An Alternative for Foreign nationals or corporations to completely own a condominium or townhouse. To take ownership of a private land, residential house and lot, and commercial building and lot, foreign nationals or corporations should form a Philippine corporation. The corporation is to be 40% foreign-owned (maximum) and 60% Filipino-owned (minimum), and with at least five incorporators. Upon incorporation, a main bank account should be tied to it. A foreign national may be the sole person in the bank account, allowing him/her total control over the funds derived from the corporation and the income or sale of the asset or property.
The Buying process is extremely complicated in the Philippines and has allot of dos and don'ts, it is strongly suggested that you find a registered agent on searchpropertyworldwide.com and a Lawyer to guide you through the process.
Leases in the Philippines vary but landlords can ask up to 12 months of rent in advance with up to 3 months security deposit if leasing a high end property. Apartments and Villas on the outskirts can be negotiated with a month in advance rent and 1 month security deposit