HOW TO EARN MONEY IN THE PHILIPPINES AS A FOREIGNER? A common question asked is how can an expat earn money in the Philippines legally. Where there is a lot to know about making money in the Philippines as a forigner. Here is what you need to know!
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5 Ways How To Earn Money As A Foreigner In The Philippines
1. Working With The Local Embassy
Working with your local embassy is a great option if you have the right skills and qualifications and you wish to earn money while living in the Philippines. The great thing about working with an embassy is that they are situated in popular areas of the country and have many benefits, including long-term visa support.
2. Investing In The Philippines Stock Market
Investing in the Philippine Stock Exchange can be started with his little as 1000 pesos. There is a company that worked especially well with foreigners called COL financial. They take care of the domestic tax so that you can legally earn dividend profits from your stock.
3. Rent Out Your Real Estate
Buying and renting real estate in the Philippines is a common method for foreigners looking to earn money in the Philippines. The maximize profits, most investors advise purchasing at the early stages of development, such as just after the letter of intent stage. Condominiums are property types that foreigners can own fully; however, there are other options available If you're willing to put the property on a business name or a Filipinos name
4. Creating A Blog, Podcast Or YouTube Channel
There are many different types of channels, A recent channel I came across was simply walking around the Philippines, and it received thousands of views. It's great as it shows people what life is like on the street, but as it takes no skill, just about anybody can do it, and there are many content ideas similar to this to choose from.
5. Starting A Business In The Philippines
The last option how to earn money as a foreigner in the Philippines is the launch a business in the Philippines. If you are earning money from outside of the Philippines, you will be able to start a business much cheaper than how much additional business is in the Philippines.
So these are five ways how to earn money as a foreigner in the Philippines. If you wish me to cover any subject in more detail or you have any questions, please let me know in the comments, and I will do a follow-up video. Additionally, I have to say that this is not financial advice, and we always recommend speaking to an independent financial advisor on matters relating to a person's financial life.
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