27 February

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New Philippine Rules on One Person Corporations and Small Incorporator Requirements

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...

30 January

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Consider the Philippines for Your Retirement: The Special Resident Retirees Visa for Military Veterans

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The Philippines is becoming an increasingly popular retirement destination for military veterans, thanks to its tropical climate, low cost of living, and visa options like the Special Resident Retirees Visa (SRRV). As a Filipino lawyer, I wanted to provide an overview of the SRRV and why it may be a good fit for military veterans looking to retire abroad. Overview of the SRRV The SRRV is a special retiree visa offered by the Philippines Bureau of Immigration to foreigners who want to retire in the Philippines. Key benefits include: Being able to stay indefinitely with multiple entry privileges Exemptions from customs duties for personal belongings Guarantees...

23 January

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Retiring in Paradise: A Guide to the Philippines’ Special Resident Retiree’s Visa

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The Philippines is quickly becoming a top destination for foreign retirees, thanks to its tropical climate, low cost of living, friendly locals, excellent healthcare, and abundance of recreational activities. If you're considering retiring in the Philippines, one of the best options is the Special Resident Retiree's Visa (SRRV). The SRRV provides several benefits that make retiring in the Philippines very appealing. As an SRRV holder, you'll receive residency privileges and exemption from customs duties and taxes. You also have the option to earn from passive income like pensions, annuities, and investments. SRRV holders enjoy discounts and privileges for hotels, restaurants, and...

16 January

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A Guide to Spain’s Golden Visa for Filipinos Looking to Migrate

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COVID brought about many Filipinos moving to Spain on a golden visa. Because governments only allowed their citizens and permanent residents to travel to their countries during COVID, many Filipinos realized the restriction of just holding a Philippine passport with no other alternative option. The Spanish golden visa became an opportunity for Filipinos to quickly migrate to Spain on a residence visa. For Filipinos like us, after 2 years of legally residing in Spain, we already become eligible to apply for Spanish citizenship, unlike other countries which require 10 years of permanent residence. What is Spain's Golden Visa? Spain's golden visa allows non-EU...

15 January

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Relocating to Spain

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Spain has become an increasingly popular destination for expats and digital nomads. Some of the most common visas for moving here include: Non-Lucrative Visa - For those who want to live in Spain without working. Requires proof of income and savings. Family Reunification Visa - For reuniting with Spanish family members already legally residing in Spain, such as a spouse. Digital Nomad Visa - Allows remote workers to live and work from Spain. Launched in 2023. Golden Visa - Allows residency through an investment of €500,000 in Spanish real property NUMERO DE IDENTIDAD DE EXTRANJERO Once this visa is granted, clients usually already have a NIE...

Author: Borra Law

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