So you’re thinking about moving to the Philippines? Are you enjoying yourself? Whether you’re looking to retire, start a business or simply take a long break from your current life, this tropical paradise is one of the best 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 are must move to this spectacular archipelago nation.
1. Financial reasons
For starters, finances can be less of a headache when you choose the Philippines as your new home destination. The cost of living is much lower than in many other countries and it is easy to transfer money from your home country or invest in local businesses.
Buying a home in the Philippines is surprisingly easy. You can buy property in your own name or set up a corporation that you control and use buy real estate. It is also important to note that as an expat you are not allowed to own land in the country. However, I was happy to find out that foreigners can have private houses and small accommodation.
Aside from real estate and the ease of living in the Philippines, banking is easy. There are many banks to choose from, and you can open an account in person or online, depending on where you live. Additionally, most banks offer great interest rates on savings accounts as well as other financial products that can be beneficial for exes.
Because English is one of the two official languagespeople who want to Send money from the US to the Philippines will have no problems if they need any assistance upon arrival in the Philippines.
2. Living expenses
It living expenses In the Philippines, it is incredibly low compared to many other countries in the world. Prices are generally half of what you might expect to pay in Europe or North America and can range from essentials like food and accommodation to luxuries like spa treatments and luxury resorts.
Imported products can still be quite expensive, but most local products are quite cheap, and they are often of very high quality. Eating out in restaurants is especially affordable, with delicious dishes costing less than PHP 200 (US$4) per plate. The current inflation rate is 7%, which means that the prices of everyday goods remain relatively stable even as the currency fluctuates.
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 still have plenty of money to explore your new home and all of its amazing attractions, experiences and opportunities.
3. Life in the Philippines
The people of the Philippines are among the most hospitable and friendly in the world. They treat expats as part of their family, and many make close friends with those who live in their neighborhood. English is one of the two national languages ​​here, so communication is quite easy even if you don’t speak Tagalog or another local language.
Plus, there are plenty of activities to do with the locals, from night markets and karaoke bars to beaches and islands waiting to be explored. With so many different cultures, it’s easy to find something that piques your interest.
The Philippines offers an incredible experience for expats and retirees alike, from stunning beaches and culture-rich cities to a low cost of living and friendly locals. this archipelago 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 world’s most beautiful beaches and islands. Many expats choose to live here for its laid-back lifestyle to swim, surf or just laze on the beach with a cold beer in hand.