DUAL CITIZENSHIP VS. PERMANENT RESIDENT VISA: WHICH OPTION IS BETTER TO SETTLE OR RETIRE IN PHL?

Dual citizenship; dual citizen; Philippine dual citizenship; Philippine dual citizen; Permanent resident visa; PR visa; Philippine visa; Philippine permanent resident visa; Permanent resident status; Philippine Immigration Law; Philippine immigration; Philippine immigration guidelines; permanent residency in the Philippines; retirement in the Philippines; Benefits of a Permanent Resident Visa; Philippine vlog; Philippine travel; Benefits of dual citizenship; retiring in the Philippines; Bureau of Immigration; Philippine Immigration Act; Balikbayan Visa; Spousal Visa; Permanent resident visa; Philippine immigrant; Rights of dual citizen; rights of a dual citizen; Former Filipinos; Overseas Filipino; Filipino abroad; Former natural born Filipino citizens; Citizenship; Philippine citizenship; Retail Trade Liberalization Act; Foreign Investment Act; Investing in the Philippines; Foreign ownership in Philippine business; Foreign ownership in Philippine corporation; taxation of foreign nationals; Philippine Income Tax; National Internal Revenue; TRAIN Law; Doing business in the Philippines; Participation of foreigners in the electoral process in the Philippines; Partisan political activities; election in the Philippines; practice of profession in the Philippines; Professional Regulation Commission; Supreme Court of the Philippines; Special Resident Retiree’s Visa or SRRV; 13G visa; 13 (g) visa in the Philippines; Section 13 (g) of the Philippine Immigration Act, as amended; Filipinos naturalized in a foreign country; naturalization in a foreign country; loss of Philippine citizenship; How to re-acquire your Philippine citizenship; Citizenship Retention and Re-acquisition Act of 2003; Republic Act No. 9225; RA 9225; Is it more advantageous for a former natural-born Filipino citizen to acquire the Philippine dual citizenship than to simply have a permanent resident visa in the Philippines? Let us compare dual citizenship and permanent residency: No. 1, if you are a Philippine dual citizen, you have the right to travel with a Philippine Passport, something that you cannot enjoy by simply being a permanent resident in the Philippines. According to some, having a Philippine passport makes travel to the Philippines easier because you can avoid long queues in the Immigration. Your Philippine passport may also allow you to enter with ease some countries which you cannot easily enter using your foreign passport. But what really makes the difference, I think, is about the sense of pride and joy that it brings to a person who deeply values his/her original citizenship – his/her being a Filipino. No. 2, the right to own real property in the Philippines. Kung ikaw ay isang Philippine dual citizen, you have the right to own land in the Philippines. It could be residential, commercial, industrial or agricultural. The only limitation on land ownership is that you can own up to a maximum of 5 hectares only of agricultural land, which limitation applies to all citizens of the Philippines as imposed by the agrarian reform law. • Kung ikaw naman ay isang former Natural-born Filipino citizen, in short, a foreigner, you can still own land in the Philippines but subject to the lot size limitation: for residential purposes – up to 1000 sqm of urban land or 1 hectare of rural land (RA 8179) and for business or investment purposes – up to 5000 sqm of urban land or 3 hectares of rural land (BP185). Condominiums are subject only to 40% limitation on foreign ownership, so you don’t have to become a Filipino dual citizen to buy a condominium unit. No. 3, as a Philippine dual citizen, you can engage in a business in the Philippines, without the restrictions that apply to foreigners. For foreigners po kasi, kasama po dito ang mga former Filipinos, you can engage only in business wherein foreign ownership is allowed. Although recent amendatory laws have relaxed the restrictions on foreign investors. No. 4, the right to practice one’s profession. Kapag na-retain o na-reacquire mo ang Philippine citizenship mo under RA 9225, pwede mong ma-practice ang profession mo sa Pilipinas provided that you get your license from the Professional Regulation Commission or in the case of lawyers, from the Supreme Court. But if you stay as a foreigner, you cannot engage in the practice of the profession na naka-lista sa Negative List na binanggit ko kanina. Maliban na lang kung may agreement ang Pilipinas with the other country on reciprocity; meaning, pinapayagan din ang mga Pilipino na mag-practice ng nasabing profession sa bansang yun.

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