Wednesday, March 20, 2019

Apr 16 18, 10:02 am

New app allows users to apply for UAE entry permit within 15 seconds

The General Directorate of Residency and Foreigners Affairs (GDRFA) has introduced a new innovation that will allow people to apply for entry permits to the UAE in 15 seconds without any human interaction. The new automated service called "50+" uses Artificial...

Another super tall building to rise in Dubai soon

Dubai is home to some of the world's greatest man-made structures and another sky-high building will soon rise in the city. The said building, which is located in Downtown Dubai, will boast 75 floors that will have 254 hotel rooms, 371 flats, and 321 hotel apartments....

LOOK: Giant lapu-lapu as big as a person caught in Tawi-tawi

A gigantic Lapu-lapu or grouper was caught by fishermen in Tandubas Tawi-tawi on Monday. Netizen Lerieal Joe shared some photos of the said fish which approximately weighs 250 kilos. Fishermen in Tawi-tawi said that the average weight of the lapu-lapu that they get...

Jealousy seen as motive behind Cebu teen’s slay

The National Bureau of Investigation said on Wednesday that jealousy is seen as the primary motive behind the gruesome murder of Christine Lee Silawan, 16, in Lapu-lapu City, Cebu. NBI Region VII director Attorney Tomas Enrile said in an interview with Dobol B sa News...

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

by | Feature, Finance, Property

Apr. 16, 18 | 10:02 am

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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OFWs hail UAE’s ranking as safest country in the world

OFWs hail UAE’s ranking as safest country in the world

Overseas Filipino workers hailed the ranking of the UAE as the safest place in the world, reflecting positive feedback from most residents and expats living and working in the country. In its national agenda index in 2018, Lt General Dahi Khalfan Tamim, Deputy...

BREAKING: NBI nets suspect in Cebu teen’s slay

BREAKING: NBI nets suspect in Cebu teen’s slay

The boyfriend of Christine Silawan,16, was arrested and confessed to the crime of killing the Cebu student, as per the National Bureau of Investigation (NBI). NBI did not disclose the name of the suspect as he is a minor but text messages and security footages helped...

Sniper radar records 170 traffic violations daily

Sniper radar records 170 traffic violations daily

The sniper radar, a powerful tool that pushes motorists to comply with traffic laws and speed limits, catches up to 170 traffic rule offenders, specifically overspeeding vehicles, in Ras Al Khaimah daily. Colonel Ahmad Al-Naqbi, Director of Traffic and Patrol...

OFW remittances hit $2.75B in January 2019

OFW remittances hit $2.75B in January 2019

Personal remittances from overseas Filipino workers (OFW) reached $2.75 billion in January this year, the Bangko Sentral ng Pilipinas reported over the weekend. In a statement, BSP said that the increase represent a 4.4 percent growth from $2.38 billion the previous...

Another super tall building to rise in Dubai soon

Dubai is home to some of the world's greatest man-made structures and another sky-high building will soon rise in the city. The said building, which is located in Downtown Dubai, will boast 75 floors that will have 254 hotel rooms, 371 flats, and 321 hotel apartments....

Jealousy seen as motive behind Cebu teen’s slay

The National Bureau of Investigation said on Wednesday that jealousy is seen as the primary motive behind the gruesome murder of Christine Lee Silawan, 16, in Lapu-lapu City, Cebu. NBI Region VII director Attorney Tomas Enrile said in an interview with Dobol B sa News...

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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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