Should expat residents be allowed to own property/ business.

I am wondering what the feeling is here on this one,, myself i would not allow a Filipino or any other foreign national to own land or a business in my home country unless it was reciprocal.

 

thats been my topic of the week..i learned about the filipino foriegner allowances to invest and share business with majority holdings in filipino nationals hands even if it was a foriegner made venture with only forign capital..also it was new that doing business could be all foriegner venture if it hired at least 10 nfilipino and probably must pay them to the new national minimum wage standard...I left there in Negros but come to find other countries I have been and am looking at,allow outright ownership of property and as many as you want and also owning businesses..some stipulate that only locals can do the work unless special permit for foregner to do work locals dont have the experience/skill to do...Cheap countries like central america almost all have liberal ownership rights and some are small countries too..Dutch antilles tiny islands allow americans to own property there bt cant live there until long drawn out process and or lots of money paid and accounted for in their banks......philippines is such high population to small land area,so i think its a tough call there...in all cases ,whoever brings more benefit to the host country table,will get more allowance....

 

Actually, it would be prudent, in my humble opinion, for the Phil Government to think about allowing Foreigners to buy and own property and business here, the Govt could put a higher purchase tax on the property, and also charge higher yearly taxes than the Phil citizens, this would bring much more wealth into the Country for the Phil people. And, of course the staff would be mostly Philippine workers. The pricing and taxes , even though higher than for the Phil citizens, would still be attractive for Foreigners to invest here.

Paul.

 

I'd imagine the Filipino reluctance to let foreigners buy the land is, at least in part, blowback from this countries experience with colonialism and foreign occupation.

Seems like to me that they don't want the same foreign powers that they worked so hard to get rid of coming back with the money to buy their country out from underneath them.

 

Sorry dude you missed the point,, why would/should we pay more tax to invest here in a property or a business when the locals can go to nearly any country in the world and start a business or own a home and pay the same as every one else... This all boils down to Rudy's comment as usual,, we are only allowed to be here for the money we spend.. I bet that half of the politicians in this country are pretty "Happy" they can own properties in the States and Canada so they can "Dollar Salt" their ill gotta wealth away..

 

I have a problem with that statement, maybe the Spanish got pushed out but certainly not the Americans. If that is so why does every Filipino think the end of the rain bow is the US>

 

Yep , stupidity and ignorance are the norm here, but then again i bet they can claim social insurance/ food stamps even if they are that stupid...This country is not poor, they have been raped by their own politicians and citizens, nice to blame the Americans or other nationalities but that is not the way it is.. Juan de la Cruz needs to look in the mirror and really see who is to blame for this country's problems. I had a friend years ago that had a chance to go to the states and work in a factory folding and hanging up pants for 15 thousand peso's a month.. When i told him he was going to live like a rat he didn't believe me,, he came back 3 months later and was pretty skinny..