Long-Term Housing

Minimum Rental Periods

The minimum rental agreement period is typically 1 year with payment in advance.

Required Documents for Signing a Lease

Typical documents required to sign a lease are a valid passport and proof of employment.

Standard Security Deposit

The security deposit is equivalent to 2 months’ rent.

Local Norm for Returning the Security Deposit

The security deposit is returned after completion of inventory, inspection of the unit.

Rental Commission

Should you utilize the services of a real estate agent to help you in your search, agencies usually collect rental commission equal to 1 months’ rent.

Payment of Rental Commission

The agent’s rental commission is typically paid by the landlord.

Accepted Method of Payment

Wire transfer and check are acceptable methods of payment. Philippine Peso is the preferred currency for payment.

 

School Registration

School Fees

Some international schools have non-refundable application fees of approximately $450 per child.

Typical school entrance and registration fees range from USD 3,500 to USD 5,500 depending on school and the year level of the dependent.

Accepted Method of Payment

Wire transfer, check, and cash are acceptable methods of payment.

Additional Notes

International schools typically have a waitlist and practice a prioritization policy in accepting students

 

Obtaining a Driver’s License

Requirements

Typical documentation required to obtain a driver’s license include:

• Original and photocopy of a valid foreign license (if the foreign license is not in English, you should submit an official English translation from the local embassy of issuing country)
• Original and photocopy of valid passport advising most recent date of arrival in the Philippines
• Original and photocopy of valid visa or alien certificate of registration / ACR (visa stamp should have at least one year validity from date of application)
• Medical certificate with official receipt issued by an LTO accredited or government physician
• Duly accomplished application for driver’s license (ADL)
• Taxpayer’s identification number (TIN)

If the foreign license is expired, the applicant will be required to take written and practical examinations.

Additional Notes

It is required to be in person during the application for medical examination, finger printing and photo capturing at the (LTO) Land Transportation Office. The application process generally takes about 3-5 hours.

There will be a written and practical exam if foreign license is expired

 

Opening a Bank Account

Required Documents

In order to open a bank account, you may be asked for:

• Certificate of Registration (ACR-I) card with photocopy of it
• 2 valid ID cards with photocopies of them
• 2-3 identical photos (1x1in in size)
• Minimum payment deposit amount required by the bank (in cash or check – roughly PHP 5,000 to 10,000)

Time Required

Typically, opening a bank account can be completed same day.

Additional Notes

US nationals will be required to provide a completed IRS Form W-9 before they can open an account.