Dumaguete Retirement Consultants

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Many of these retirees are marrying Filipinos; renting or BUY property in the Philippines AS part of settling into their NEW life in the Philippines. ALL of these activities CAN subject retirees to NEW rules and laws that are quite different from those of the U. S. Or their home country. For a successful retirement in the Philippines. Retirees need to properly prepare and plan before making the BIG move. Retirement Dumaguete provides comprehensive services which are mainly focused on U. S. Retirees. But which are Also applicable to other world citizens WHO are planning to move to the PHILIPPINES. OUR objective is to make the move to the Philippines a successful transition. With the NO stress approach. We strive to make this transition AS stress less AS possible by serving AS a resource for finding your dream home and by clarifying the various rules and legalities YOU need to BE aware of when moving to the Philippines, a good plan CAN eliminate BAD SURPRISES. WHEN looking for your NEW home in the Philippines – BE it an apartment. Condo or a house – location is important. Your home is your castle. SO YOU need to find a location that suits your lifestyle and has the amenities that YOU desire. Retirement Dumaguete CAN help YOU find your castle. Which involves much more than simply finding a place to rent or a house to buy. The process of buying real property differs substantially from that of the united states. To Begin with, a NON Filipino citizen cannot OWN real property in the Philippines. Does this mean a NON Filipino retiree living in the Philippines CAN never acquire real property in the Philippines? NO. But it does affect the manner in which the property is acquired. The NON-FILIPINO citizen has several options for acquiring real property in the Philippines. If they are married to a Filipino citizen. They CAN have the property titled in the name of their spouse. In the absence of this possibility. Other common options for acquiring real property include using a third party to hold a title, a long term lease. Forming a Corporation or a trust to acquire the PROPERTY. BESIDES functioning AS a means for buying real property in the Philippines, a trust is a popular option because it Also offers asset protection. Asset management and avoids probate. By avoiding probate. Property held in trust located in the Philippines does NOT have to GO through the process of being probated (settled) under the laws of the Philippines or in the U. S. ANOTHER issue U. S. Retirees moving to the Philippines need to BE aware of relates to taxation. Both the U. S. And the Philippines subject their citizens and residents to income. Gift. And estate taxes on a worldwide basis. PUT Another WAY– if YOU are a citizen or resident of both the U. S. And the Philippines. Regardless of where the income is earned or your assets are located. YOU MAY BE liable for both U. S. And Philippine TAXES. FORTUNATELY. The U. S. – Philippine income TAX treaty generally avoids double taxation of income. But there is NO estate TAX treaty. AS a result, a U. S. Retiree living in the Philippines MAY have U. S. Assets which are Also subject to Philippine estate taxes. And Philippine assets that are subject to U. S. Estate TAXES. RETIREMENT Dumaguete provides a wide range of services focused on retirees moving to the Philippines that CAN help to make your move to the Philippines a happy ONE. When considering buying real estate in the Philippines. Retirement Dumaguete CAN walk YOU through the process. Analyze your options. And help to determine which options are the best FIT for your needs and GOALS. LET US BE your KEY for opening the door to your NEW life in the Philippines. Retirement Dumaguete CAN help YOU prepare. Plan. And make your move to the Philippines a successful. And stress less transition by serving AS a resource for YOU!.