- Dec 10, 2021
Anyone had experience extensing the long term visa (LSVVE) in the philippines, seems that can be extended up to 36 months? and what about the taxation part?
This seems to be a case-by-case/branch-by-branch thing; I have heard reports of people on tourist visa successfully opening a bank account, and other stories of them not succeeding. Seems to be more likely if you are not a US citizen.You can't open a bank account nonetheless with that.
The Philippines has pretty clear policies that — unlike most countries — you can stay there a very long time and NOT become a tax resident. They don't care about your foreign income, and are happy to simply have you spend your $ in their country.and what about the taxation part?
And then you can get on a plane, have lunch in Singapore or Ho Chi Minh or wherever you like, fly back and you're reset to day zero, and can spend another 36 months. I know guys who have been here almost 10 years on Tourist visas.You can extend your tourist visa up to 3 years in the Philippines.