Top 3 Reasons To Move To Philippines As An Expat

So, you’re considering a move to the Philippines? You’re in for a treat! Whether you are looking to retire, start a business or just take an extended break from your current life, this tropical paradise is one of the top destinations for ex-pats. With stunning beaches, year-round sunshine, and an incredibly welcoming culture, it’s hard not to fall head-over-heels in love with the country. 

But apart from its breathtaking beauty, what other reasons make living in the Philippines an attractive option? Let’s explore the top 3 reasons why you should move to this impressive archipelago nation.

1. Financial Reasons

For starters, finances can be less of a headache when choosing the Philippines as a destination for your new home. The cost of living is much lower than in many other countries, and it’s easy to transfer money from your home country or invest in local businesses.

Buying a house in the Philippines is surprisingly easy. You can purchase property under your own name or establish a corporation that you control and use it to buy real estate. It’s also important to note that, as an expat, you are not allowed to own land in the country. However, I was glad to realize that foreigners could own condo units and small residences.

Besides real estate and the ease of living in the Philippines, banking is a breeze. There are plenty of banks to choose from, and you can open an account either in person or online – depending on where you live. Plus, many of the banks offer great interest rates on savings accounts as well as other financial products that could be beneficial for ex-pats.

As English is one of the two official languages, people who want to send money to the Philippines from the USA wouldn’t have any problems in case they need any support when they arrive in the Philippines.

2. Living Costs

The cost of living in the Philippines is incredibly low compared to many other countries in the world. Prices are generally half of what you may expect to pay in Europe or North America and can range from basic necessities, such as food and accommodation all the way up to luxuries like spa treatments and luxury resorts.

Imported goods can still be quite expensive, but most local products are fairly cheap, and they’re often very high quality too. Eating out at restaurants is especially affordable – with delicious meals costing less than 200PHP…