12 March

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Navigating the Golden Visa Maze: How to Overcome Common Frustrations

The Spanish Golden Visa program has emerged as a popular route for investors seeking residency in Spain and, by extension, the European Union. However, the application process can be a maze of requirements, documentation, and procedures, leaving many applicants feeling frustrated. In this post, we'll explore common frustrations faced by Golden Visa applicants and offer strategies to overcome them. Frustration #1: Understanding Eligibility Requirements One of the initial hurdles applicants face is understanding the various investment options and their corresponding eligibility criteria. The Spanish Golden Visa program offers several investment paths, including real estate, public debt, company shares, bank deposits, and business...

07 March

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Forming a Company in the Philippines for Foreign Investors

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Incorporating a company in the Philippines offers numerous advantages for foreign investors, including a strategic location, a skilled workforce, and a business-friendly environment. However, understanding the different types of incorporators is crucial when setting up a corporation in the country. This article will discuss two common types of incorporators: the One Person Corporation (OPC) and the Two-to-Four Person Corporation. There is also the typical corporation with 5 incorporators and more. One Person Corporation (OPC) An OPC is a type of corporation where a single individual can form and own the entire company. This structure is governed by the Revised Corporation Code...

05 March

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Starting a Business in the Philippines: A Guide for Foreign Investors

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The Philippines, an archipelagic nation in Southeast Asia, offers a wealth of opportunities for foreign investors looking to establish a business presence in the region. With its strategic location, skilled and English-proficient workforce, and favorable investment climate, the Philippines has become an attractive destination for companies seeking to expand their operations. The Philippine economy has shown remarkable resilience and growth in recent years, driven by robust domestic consumption, a thriving services sector, and a growing focus on industrialization and infrastructure development. The country's stable political environment, vibrant democracy, and commitment to economic reforms have further bolstered its appeal as an investment...

29 February

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Forming a Corporation in the Philippines as a Foreign Investor

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The Philippines has become an increasingly popular destination for foreign investors looking to incorporate and do business in recent years. With its strategic location, large English-speaking population, and robust economic growth, the country offers tremendous opportunities across sectors like manufacturing, tourism, agriculture and more. However, foreign investors face certain challenges when setting up a corporation in the Philippines. One key requirement is having a physical address in the Philippines for the company. This allows the corporation to be legally registered and compliant with regulations. In this blog post, we'll walk through the step-by-step process for forming a corporation in the Philippines as...

27 February

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New Philippine Rules on One Person Corporations and Small Incorporator Requirements

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The Philippine corporation law landscape has recently seen some notable changes that provide more flexibility for businesses. In this post, I will discuss the new rules on One Person Corporations and the reduced incorporator requirements for corporations in the Philippines. The Corporation Code of the Philippines has traditionally required a minimum of 5 incorporators to form a corporation. However, the recent Republic Act No. 11232 has amended this rule to allow for less than 5 incorporators. The new law permits just 1 incorporator for a One Person Corporation and a minimum of 2 incorporators for regular corporations. One Person Corporations A One Person...

13 February

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Requirements for Spain’s Non-Lucrative Residence Visa

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The non-lucrative residence visa is a popular option for Filipino professionals, entrepreneurs, and retirees looking to legally reside in Spain long-term. This type of visa does not allow you to work or run a business in Spain, but it does provide Filipinos with a pathway to citizenship. To qualify for the non-lucrative visa, applicants must meet several requirements related to financial means, health insurance, and clean criminal record. In this blog post, we'll break down the key eligibility criteria and documentation needed to apply. Financial Means Requirement The most important requirement is demonstrating that you have sufficient recurring income to support yourself in...

06 February

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Processing Your Residence Card in Spain: A Guide for Foreigners

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As a foreigner living in Spain, obtaining your tarjeta de identidad de extranjero (TIE), or residence card, is an important step to secure your long-term residency status. However, dealing with Spanish bureaucracy can be difficult, especially if you don't speak Spanish. Getting an appointment with the Spanish agencies is also a difficult task. Having someone like us who can guide you through the process, especially for first-timers, will make the process easier and smoother. Steps to Getting Your TIE Card: Get your NIE Your NIE (numero de identidad de extranjero) will be the number that will identify you for as long...

05 February

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Overview of the Non-Lucrative Visa for Spain

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For Filipinos looking to migrate to Spain, one of the best options is the non-lucrative visa. This long-stay visa allows non-EU nationals to legally reside in Spain without working or doing business there. What is the Non-Lucrative Visa? The non-lucrative visa is a type of Spanish long-stay visa that allows non-EU citizens to live in Spain for an extended period without working or engaging in business activities. With this visa, you are allowed to stay in Spain for 1 year initially, which can be renewed up to a maximum of 5 years. The main requirements are having sufficient financial means to support...

01 February

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Introduction to Spain’s Golden Visa Program: A Gateway to European Residency for Filipinos

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Spain's golden visa program offers Filipinos an excellent opportunity to gain residency rights in Europe. With a real estate investment as low as €500,000, you and your family can get Spanish residence permits and visa-free travel around Europe's Schengen Area. Eligibility Requirements for Spain's Golden Visa The main requirement to get a Spanish golden visa is to make a real estate investment of at least €500,000. You can also qualify through a business investment, capital deposit, or other options outlined below: Real estate investment of €500,000 or more Business investment of €1 million or more Capital deposit of €1 million in a Spanish bank €2 million...

31 January

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How Filipinos Can Get a Golden Visa for Spain

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Are you a Filipino looking to immigrate to Europe? If so, Spain's golden visa program offers an excellent pathway. A golden visa allows non-EU nationals to gain temporary residency through property investment, business creation, or other economic contributions to Spain. This temporary residency can make a Filipino eligible to apply for citizenship only after two years. Benefits of the Spanish Golden Visa The key benefits of getting a golden visa in Spain include: Residency - You'll be granted a 1-year temporary residency visa, renewable for 2 years at a time Work/live in Spain - You're allowed to work and live in Spain as long...

Author: Borra Law

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