Friday, July 20, 2018

Apr 16 18, 10:02 am

PH Embassy and POLO-OWWA hold Post Arrival Orientation Seminar

The Philippine Embassy in Abu Dhabi together with the Philippine Overseas Labor Office and the Overseas Workers Welfare Association held the Post Arrival Orientation Seminar (PAOS) at the POLO-OWWA grounds. In attendance were Vice Consul Von Ryan Pangwi, Assistant...

Belt and Road Initiative, not China’s business alone: President Xi

WAM: ABU DHABI, 19th July, 2018 (WAM) -- Chinese President Xi Jinping has said that despite China being the initiator and propeller of the Belt and Road Initiative, however, it is not his country's business alone. "It should also welcome other countries to board...

PH cops say sorry for anti-rape tips. Here’s why

After earning the rage of netizens, the Angono Municipal Station issued an apology to the public regarding their anti-rape tips. The cops clarified that they only intend to remind everybody to avoid being a victim of rape. While their apology mentioned that the...

Can a foreigner legally purchase a condo unit in the Philippines?

by | Feature, Finance, Property

To cut it short – YES! There is a possibility for a foreigner to own a condo unit under their own name as long as certain conditions are met.

According to Section 5 of RA (Republic Act) 4726 a.k.a The Condominium Act which states that:


“…That where the common areas in the condominium project are held by the owners of separate units as co-owners hereof, no condominium unit therein shall be conveyed or transferred to persons other than Filipino citizens or corporation at least 60% of the capital stock of which belong to Filipino citizens, except in cases of hereditary succession. Where the common areas in a condominium project are held by a corporation, no transfer or conveyance of a unit shall be valid if the concomitant transfer of the appurtenant membership or stockholding in the corporation will cause the alien interest in such corporation to exceed the limits imposed by existing laws.”

This means that 40% of ownership in units within a condo tower can be owned by foreigners. However, it is in this same reason why the allotted units for foreigners in condominiums are scarce which is why if you’re a foreigner who plans to purchase a condo unit in the Philippines, participating in pre-selling is recommended so that you can secure your condo unit as soon as possible.

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Good news for OFW parents in UAE

Good news for OFW parents in UAE

During the summer, some OFWs opt to escape the heat to colder countries or go home in the Philippines back to their families. But with the recent announcement from the UAE cabinet, OFWs who long to see their children and young ones may not have to leave the country...

More than 3 in 10 OFW households save for future plans

More than 3 in 10 OFW households save for future plans

The Bangko Sentral ng Pilipinas (BSP) revealed that 39 percent of overseas Filipino workers (OFW) remittances are kept by their households for savings. In a BSP report, the breakdown of OFW remittances showed that 94.2 percent of OFW households are using their money...

Emirates among world’s best airlines in 2018

Emirates among world’s best airlines in 2018

Dubai’s flagship airline, Emirates, remains as the top UAE-based airline company and was hailed as one of the best airlines in the world, according to the annual Skytrax World Airline Awards in London The awards are based on surveys of more than 20 million travellers,...

OFW from Dubai dies of septic shock in Quiapo motel room

OFW from Dubai dies of septic shock in Quiapo motel room

A domestic helper who had recently returned to the Philippines from Dubai died after an alleged abortion procedure in a motel in Quiapo, Manila. Case investigator of Manila Police District said the OFW booked an appointment scheduled on July 10 with the 57-year-old...

Manny Pacquiao scores TKO win over Lucas Matthysse

Manny Pacquiao scores TKO win over Lucas Matthysse

Filipino boxing champion turned senator Manny "Pacman" Pacquiao has reminded the world of boxing on Sunday, July 15, that he's not quite done yet. His classic multiple-punch combination sealed his seventh round technical knockout win against his Argentine opponent...

Top 5 must-see places for first-time visitors in Taiwan

Before you swoon over the latest heartthrob that is Dao Ming Xi, take a trip down the memory lane as we unravel the best of Taiwan, home of the popular series, Meteor Garden. 1. Relive your meteor garden days at Ying-de Academy Only Meteor Garden fan will understand.....

PH cops say sorry for anti-rape tips. Here’s why

After earning the rage of netizens, the Angono Municipal Station issued an apology to the public regarding their anti-rape tips. The cops clarified that they only intend to remind everybody to avoid being a victim of rape. While their apology mentioned that the...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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