Phil_Life

 Good day! This is PhilLife! Today, let's check how to open a bank account in the Philippines. As a foreigner in the Philippines, deciding whether to open a bank account is "holding a long-term visa." Means, tourist visa holders cannot open any accounts. The documents you need to open an account are, 1. application form 2. Two types of Valid ID (passport, ACR-I Card, driver's license, working permit, company ID etc.) In addition to that, you may asked for other additional needed documents, such as proof of employment, Tax declaration, or else. So please check with the bank you want to open an account before you visit. I will let you know based on Banco De Oro (BDO) which is the biggest Bank in the Philippines. (1) BDO's accounts include Savings account, Check account, and a Time Deposit account. Most people usually use deposit accounts, and they apply for a passbook and a debit card together. If you submit your ID with the application form...

 Good day! This is Phil Life! End of February is coming. As provided in Section 10 of R.A. 562 or the Alien Registration Act of 1950 and existing regulations, all registered aliens and ACR I-Card holders are required to report in person to the Bureau of Immigration(BI) or to any of its offices within the first sixty (60) days of every calendar year. (For this year, it is from January 2nd to March 1st 2024) The Annual Report is a vital tool used by the Philippine government to track the presence and activities of foreign residents. Excepted from filing for Annual Report are foreigners who are holders of a permanent SIRV visa, SRRV visa holders, tourist visa holders, and Filipinos with dual citizenship and, etc. How to do the Annual Report is ;   1. Register online through the site of the BI and secure reference number.     - Official website of BI :  https://immigration.gov.ph/    - Please find the menu on the site in the order below.       →...

Good day! This is Phil Life! Today, we are going to check how to register eTravel(Electronic Travel Declaration) required when entering the Philippines To enter the Philippines, you must prepare a QR code for Immigration Declaration. You can register for eTravel within 72 hours based on the flight departure time Please search and enter the site, eTravel. (Government's official site: http://etravel.gov.ph)  Create an account using your email for registration. In this process, you need to enter personal information such as name, gender, nationality, and passport number. After you create an account, you can submit a registration form of eTravel with this process below. 1. Travel Registration - Select whether you are an account user or registering for someone else, such as a family member.  - For your information, foreigners only need to fill out for arrival but not for departure. 2. Travel Details - Enter the purpose of entry to the Philippines, local address of stay, etc. 3. Fli...

Good day! This is PhilLife! GCash is one of the various digital payments and financial service platforms used in the Philippines. In the Philippines, it is difficult to access financial services such as opening accounts and issing credit cards. This is no different for us who are foreigners.  So, today, let's check how to create a Gcash account. First, download and install the Gcash app from the app store on your smartphone. Open the app and enter the necessary information to sign up to create an account. In this process, you must provide personal information such as name, date of birth, and phone number. After signing up, you will register your valid ID to authenticate yourself and get fully verified from the app. T...

Good day!  This is PhilLife. Many people know that foreigners cannot own real estate in the Philippines. Today, we will check about the owning of pre-selling condominium units in the Philippines for foreign Citizen. The Philippine Condominium Act (Republic Act No. 4726) allows foreigners, including former Filipinos who have acquired foreign citizenship, to own condominium units in the Philippines. The law stipulates that foreigners can own up to 40% of the total and outstanding capital stock of a condominium corporation. In other words, a foreign individual or a former Filipino citizen who is now a foreign national can own a condominium unit as long as the total foreign ownership in the condominium corporation does not exceed 40%. When you go to malls, department stores, or commercials, you've seen a lot of brokers handing out brochures, selling condominiums, and introducing them.  Most of them are nearby, so we tend to stop by and look at them if we have time. Recently, bette...