So, you are considering moving to the Philippines? You are ready to receive gifts! Whether you're looking to retire, start a business, or just want a long break from your current life, this tropical paradise is one of the top destinations for exes. With stunning beaches, year-round sunshine, and an incredibly welcoming culture, it's hard not to fall in love with this country.
But apart from its dazzling beauty, what other reasons make living in the Philippines an attractive option? Let's explore the top 3 reasons why you must move to this impressive island nation.
1. Financial reasons
For starters, finances shouldn't be too much of a headache when choosing the Philippines as your new home destination. 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 a local business.
Buying a house in the Philippines is very easy. You can buy property in your own name or set up a company that you control and use it for buy real estate. It is also important to note that, as an expatriate, you are not allowed to own land in the country. However, I am happy to know that foreigners can own condo units and small residences.
Apart from real estate and the ease of living in the Philippines, banking is very easy. There are many banks to choose from, and you can open an account in person or online – depending on where you live. Plus, many banks offer great interest rates on savings accounts as well as other financial products that expats can benefit from.
2. Cost of Living
That cost of living in the Philippines is very low compared to many other countries in the world. Prices are generally half of what you'd expect to pay in Europe or North America and can range from basics, such as food and accommodation to luxuries such as spa treatments and luxury resorts.
Imported goods can still be very expensive, but most local products are quite cheap, and often very high quality too. Restaurant dining is incredibly affordable – with delicious food for less than 200PHP (equivalent to $4 USD) per plate! The inflation rate is currently at 7%, which means that prices for everyday goods are relatively stable even though currencies fluctuate.
The best part about the cost of living in the Philippines is that you can enjoy a high standard of living without breaking the bank. This means you'll still have plenty of cash to spare to explore your new home and all of its amazing attractions, experiences and opportunities!
3. Life in the Philippines
Filipino people are some of the friendliest and friendliest in the world. They treat expats as part of their own family, and many are close friends with those who live in their neighborhood. English is one of the two national languages here, so communication tends to be fairly easy even if you don't speak Tagalog or any other local language.
Plus, there are plenty of activities to do with the locals – from night markets and karaoke bars to beaches and islands just waiting to be explored. With so many different cultures, it's easy to find something that interests you!
The Philippines offers expatriates and retirees alike great experiences – from stunning beaches and culturally rich cities to low living costs and friendly locals; This island nation promises an unforgettable trip. Whether you're looking for adventure, relaxation, or financial freedom, moving to the Philippines can provide it all.
Many expats choose to live in the Philippines
The Philippines is home to some of the most beautiful beaches and islands in the world. Many expats choose to live here for its relaxed lifestyle with plenty of opportunities to swim, surf or simply laze by the beach with a cold beer in hand.