ROJO8 Solutions offers a unique custodian service to protect foreign homeowners in the Philippines. Our company acts as a third party trustee offering a 50 year renewable lease. Clients are able to stop the service, sell their property or transfer land titles at any time. ROJO8 makes buying your home safe and flexible while avoiding the demands and expense of establishing a corporation for ownership purposes. The cost and hassle of incorporation is considerable. Foreigners are allowed to own 40% of a Philippine registered company and must have, in addition, a minimum of four directors who are Philippine nationals. Articles of Incorporation, BIR compliance for taxation and City Hall business permits can be frustrating, time consuming, problematic and expensive. ROJO8 provides a secure and affordable way to have all of the advantages while avoiding the trouble and expense of compliance. Our company is registered with the SEC and BIR, has Barangay Clearance and full Business permits with City Hall. Our clients hold all original land titles in their possession, have full Power of Attorney over their property and are free to sell at any time. Rojo8 will transfer title deeds into any name provided to us in writing within 30 days. We remove the stress and complexity of registering a company while substantially reducing both initial and ongoing costs for our clients.
Typical costs involved WITHOUT Rojo8 Solutions Services :
Legal fees 50,000 pesos
Cost of incorporation 90,000 pesos
Accountant on monthly retainer 20,000 pesos (annual)
Costs of Barangay/BIR/SEC/City Hall compliance 40,000 pesos (annual)
Typical costs of 5/10 year home 'ownership'
Year 1- 200,000
Year 2 - 60,000
Year 3 - 60,000
Year 4 - 60,000
Year 5 - 60,000
Total over 5 years 440,000
Rojo8 price 180,000
Total over 10 years 740,000
Rojo8 price 180,000
One time payment - all inclusive 180,000 pesos*
In both cases there are two major costs that buyers need to be aware of in their calculations :
Transfer Tax ( into Rojo8 Corporation ) 0.75% of Assessed Valuation
Registration of TCT ( Transfer Certification Title )
Banded rates set by City Hall : currently 22,500 pesos for property valued at 3 million pesos
* price is for Luzon only. Other provinces have additional charges for expenses incurred.