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Expat Community > Philippines

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Large purchases

6 years ago
Hello all, my Filipina wife and I are planning on moving to the Philippines at the end of this year, not sure how long we will stay, we will keep our home here for now just in case, we're both retiring with pensions. I did 2 tours of duty in the P.I. while serving in the Navy in the 80s and early 90s until the base closed so I'm familiar with the country, I haven't visited since 2008 though. My wife wants to buy a new car, I don't want to buy new car or any car, so we are buying a new car. Anyway my question is how do you make large cash purchases? Do we have to open up a Philippine bank account and transfer the money? If so, which one would be the best?

Cigna Global Health
Cigna Global Health
SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Cigna Global Health
Cigna Global Health

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