Why am I here? (My Toastmaster’s Ice Breaker Speech)

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Below is a script of my first Toastmaster’s Speech delivered on October 11, 2013 at Oryx Rotana Hotel during the first regular meeting of PICE-Qatar Toastmasters Club.  In Toastmasters, the first speech project is  called an Ice Breaker.  It has an objective of introducing yourself to the group and conquering your fear of speaking in front of an audience.  And yes, I successfully did it with a copy of my script in the lectern and within the time limit allowed. 🙂

Why am I here?

Mr. Toastmaster of the Day, fellow toastmasters and honored guests, a pleasant afternoon!

Before I prepared my speech, I did a scrupulous (it was the word of the day during the meeting, so I inserted it before I did the speech) research about the origin of Ice Breaker and I found out that in 17th century in the UK, there is an Ice Breaker ship.  During winter, the sea water often freezes.  So, before a ship could travel down to the trading port, a special ship called Ice Breaker went into the iced water to literally break the ice.  Hence an ice breaker is needed for them to get down to business.  Nowadays, ice breaker is a term use to establish a relaxed relationship in socially awkward situations.

Having said that and before I literally freeze here in front of you, I am here now to kick off my Toastmaster’s journey.

I am Asuncion Lopez and everyone calls me Azon for short.  I was born in the simple province of Bulacan.  I graduated with a Civil Engineering degree but my work experiences diverted me to Quantity Surveying career.

It was never part of my dream to live and work out of our country.  However, because my husband got a good job opportunity here in Qatar, it took a year for me to come up with a decision of joining him here in 2010.  After another year I realized that coming back and forth the Philippines every other month with my son staying in the Philippines and my husband here in Qatar is not a very wise situation, so in 2011 we also decided to bring our son here with us.

After another year had passed and I again realized that I am already getting bored in Qatar for being a stay at home mom, doing the laundry, cooking and cleaning the house everyday.  I was already tired of playing Farmville, chatting with all my facebook friends around the world.  Therefore, I decided to get a job and on January 2012 I started working again as a Quantity Surveyor.  This time, it was no longer in the busy streets of Ayala Avenue in Makati but in the desert land of the State of Qatar.

In last quarter of 2012, I started my studies on Adaptation Course through distance learning in my preparation for assessment of professional competence next year that would lead me to be a member of Royal Institute of Chartered Surveyors in UK.

The first time I heard about Toastmasters was only early this year when Filcom International made a very short presentation in our QS organization because having a good presentation skill is also important to pass the assessment of RICS.  I immediately became interested with Toastmaster however, our organization was not very eager to organize a Toastmaster club.

Toastmasters had crossed my way again when Filcom International made a Demo meeting for PICE at FCC where I was one of the attendees.  I believe being a Toastmaster is really part of my destiny.

Now, I am here as a member and Club Secretary of PICE Qatar Toastmasters Club accepting the challenges to overcome my fear in public speaking and further develop my skills in communication and leadership.

 

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Direct Hire or Name Hire Procedure for OFWs

DEFINITION of Direct or Name Hire
Direct or Name hires are Filipino workers who are able to secure an overseas employment opportunity with an employer without the assistance or participation of any agency. They may have been directly contacted by a foreign employer by referral or have directly applied to their company. 

Although your future employer would take care of your requirements (plane ticket, work visa, etc.), you must still have certain documents processed at POEA (Philippine Overseas Employment Administration).

POEA Address and Contact Details

Philippine Overseas Employment Administration
EDSA corner Ortigas Avenue, Mandaluyong City, Philippines
632 722 1144 – 632 722 1155
info@poea.gov.ph

The requirements are the following: passport, work visa or work permit, employment contract verified or authenticated by the Philippine embassy or Philippine consulate in the country of your destination. You are also required to undergo a medical examination by a DOH-accredited clinic or hospital and a pre-departure orientation seminar (PDOS).

Fees and Costs 

POEA Processing Fee – US$100 or its peso equivalent
OWWA membership fee – US$25 or its peso equivalent
OWWA Medicare – Php900.00

Required Documents 

You shall be issued an Overseas Employment Certificate (OEC), which serves as the OFW travel exit clearance at the airport and immigration counters. The OEC is also an exemption for OFWs from payment of travel tax and airport terminal fees. You shall likewise get a free OFW electron ID card or e-Card, which is your permanent identification card to facilitate your departure and access to services as OFW.

NAME HIRE PROCESSING PROCEDURE

REGISTRATION OF WORKERS AT 2ND FLOOR of POEA
STEP 1 – Register at Window 6 (Skilled/Professional Workers)
– Register at Window 14 (Household Workers)
– Take your seat and wait to be called
STEP 2 – When called, proceed to the counter as instructed (either counter 6,7,8
for skilled/professional workers or counter 13-14 for household workers)
STEP 3 – Submit your complete sets of documents (Original and Photocopy). Refer to list of requirements.
STEP 4 – Your documents will be verified from the computer, evaluated and then
returned to you. The evaluator will give you instructions, PDOS and
medical referral. Please choose from the list of accredited medical clinics
for your medical examinations (Click the link of DOH accredited clinic above). Training Certificate from TESDA and
OWWA Certificate of Competency are required for household workers.
STEP 5 – Proceed to OWWA for PDOS schedule and/or proceed to the medical
clinic you have chosen for your medical examination.
STEP 6 – After your PDOS and medical examination, go to Window 9 (skilled and professional workers) and Window 12 (household workers). Submit the
evaluated documents with PDOS certificate and the FIT TO WORK
medical certificate, the NC II and the COC (Household workers) for final
approval and issuance of the Order of Payment.
STEP 7 – Go to window 8 releasing area for the release of your original documents with RFP NUMBER.
STEP 8 – Go to window I, Ground Floor for assessment of payment the go to Window J and pay. An E-Receipt will be issued to you.

USES OF E-RECEIPT
1. Travel Tax Exemption
2. Free Airport/Terminal Fee
3. Reduced Travel tax for Dependents

DOCUMENTARY REQUIREMENTS FOR NAME HIRE HOUSEHOLD SERVICE WORKERS (HSW)

PHASE I:
1. Employment Contract signed by the Worker and Employer, duly verified by the Philippine Overseas Labor Office (POLO)/Labor Attache or authenticated by the Philippine Embassy
2. Work permit/Visa/No Objection Certificate or Equivalent Document
3. Valid Passport
4. 2 x 2 size latest photograph (For Medical Referral)
5. For Family Driver, Personal Accident Insurance and Motor Vehicle
Insurance duly verified by POLO/Labor Attache (for Middle East bound workers only)
6. Request for exemption from the direct hiring policyissued by the POLO/Labor Attache, as applicable
7. TESDA NC II for HSW (Exemptions: Canada and Ex-overseas HSWS)
8. For Taiwan COC (From TESDA)
9. OWWA Certificate on Language and Culture Orientation (for Middle East, Hongkong, Taiwan, China and Israel)

PHASE II:
1. Pre-depature Orientation Seminar (PDOS) Certificate
2. Medical Certificate from DOH-Aaccredited OFW Medical Clinics/Hospitals (See this link)
(Except for Canada, Australia and New Zealand)
* pls prepare original and photocopy

DOCUMENTARY REQUIREMENTS FOR NAME-HIRE SKILLED/PROFESSIONAL WORKERS

PHASE I:
1. -Employment contract duly signed by the Employer and Worker
-For Female Low-skilled Workers, Employment Contract duly signed by the Employer and Worker verified by Philippine Overseas Labor Office (POLO)
2. Valid Working Visa/Work Permit/No Objection Certificate (NOC) OR Visa Assurance  from the Employer or any equivalent entry document
3. Valid Passport
4. 2 x2 size latest photograph (For Medical Referral)

PHASE II:
1. Pre-depature Orientation Seminar (PDOS) Certificate
2. Medical Certificate from DOH-Aaccredited OFW Medical Clinics/Hospitals (See this link)
(Except for Canada, Australia and New Zealand)
* pls prepare original and photocopy

Reference: http://www.poea.gov.ph/ofw/nameHire.pdf

http://www.workabroad.ph/poea_guideline.php

FAQ on Investing with Sun Life Mutual Funds

Balanced Fund_August 2013

 

Balanced Fund_July 2013
What is a Mutual Fund?

 

A Mutual Fund is an investment company that pools together money from different investors and invests them in various securities depending on the investment objective of the fund. The mutual fund company issues shares to the public that represents their holdings in the fund.

What are the different types of Mutual Funds available?

There are four basic types of mutual funds currently available in the market categorized according to the investment objective of the fund or the investments that the fund is  primarily invested in.

  1. Money Market Funds invest purely in short-term (one year or less) debt instruments.
  2. Bond Funds invest in long-term debt instruments of governments or corporations.
  3. Balanced Funds invest both in shares of stock and debt instruments.
  4. Stock Funds / Equity Funds invest primarily in shares of stock.
Type of Prosperity Fund What’s My Objective? Where will my money go? What’s my risk appetite? How much is the minimum investment? What’s the minimum amount if I want to add?
Money Market Fund I just want to leave my cash for a short period of time and earn from it, too. This Fund invests in special savings accounts I’m very conservative Php 5,000 Php 1,000
GS (Government Securities) Fund I want my money to earn but my investment should be kept intact. This Fund invests mainly in government debt I’m conservative Php 5,000 Php 1,000
Bond Fund I want my money to earn but my investment should be kept relatively stable. This Fund invests in government and high-quality corporate debt I’m moderately conservative Php 5,000 Php 1,000
Balanced Fund I want my money to earn more and I can afford to lose some of my investment for higher return This Fund invests in a mix of  high-quality debt and equity securities I’m somewhat between conservative and risky Php 5,000 Php 1,000
Philippine Equity Fund I want to maximize the potential of my money for  higher return over the long term This Fund invests mainly in  high-quality equity securities I believe in the saying, “high risk, high return” Php 5,000 Php 1,000
Dollar Abundance Fund I want to invest my US dollars to preserve it. This Fund invests in foreign-denominated government and high-quality corporate debt I’m conservative USD 1,000 USD 200
Dollar Advantage Fund I want to invest my US dollars and I can afford to lose some of my investment for higher return This Fund invests in a mix of  high-quality debt and equity securities I’m somewhat between conservative and risky USD 1,000 USD 200

How do I earn from Mutual Funds?

If the NAVPS of the mutual fund you are invested in increases or appreciates, you can sell your mutual fund shares for a profit. In the same way, if the NAVPS of the mutual fund you are invested in decreases or depreciates, you may realize a loss if you redeem.

Like any other investment instrument, mutual funds are best held long-term especially for mutual funds that have investment objectives of capital growth such as equity funds.

Why should I invest in Sun Life Financial’s mutual funds?

Sun Life Financial is the only company in the Philippines offering a “family of funds”. Unlike other mutual fund companies in the Philippines, Sun Life Financial allows its investors to transfer their placements between the Sun Life Prosperity Funds as much as four times a calendar year, without being subjected to any charges or fees. This is because Sun Life Financial believes that investors’ needs change over time, and that they should not be penalized for shifting from one fund to another, if so dictated by their prevailing investment requirements. This is part of Sun Life Financial’s objective of becoming a total financial services company that is responsive to people’s needs.

Should I invest in mutual funds if there’s a decline in investor confidence with regards to the local economic market?

The decline of the local market, specifically the local stock exchange, is not exactly bad for mutual funds. In fact, this is the ideal time to buy stocks for mutual funds, when the prices are low. When the market improves and share prices go up, as they will, given time, the value of the equity securities will have risen along with them. Mutual funds are long-term investments, which should not be bought or sold based on short-term events.

Why should I prefer mutual funds when I can invest directly in the stock market?

Mutual funds can serve as an alternative to investing directly in the stock market. The Sun Life Prosperity Philippine Equity Fund invests in equities, which have historically been proven to outpace inflation. Compared with buying stocks directly, mutual funds require a lower initial capital outlay yet allow you to achieve diversification at the same time. What this means is that in mutual funds, for a relatively small amount of money, you can afford to buy into several companies and achieve variety for your portfolio. When buying stocks directly, however, you may have to use a larger amount of money in order to achieve the same level of diversification.

What is the difference between a mutual fund and a unit investment trust fund?

Both Mutual Funds and Unit Investment Trust Funds are fundamentally similar in the sense that they are both pooled funds wherein a group of investors entrust the management of said fund to a fund manager. The fund manager must then manage the funds among certain asset classes usually indicated in the name of the fund such as stocks, bonds or balanced. Thus, the decision of the investor should ultimately be based on the skill and reputation of the fund manager. Similarly, funds are valued under similar accounting standards, such as those governing mark-to- market, and the funds are entrusted to third party custodians. Both Mutual Funds and UITFs are not guaranteed unlike time deposits.

Notwithstanding, there are still important differences. Mutual funds, which are regulated by the SEC are corporations, thus, investors in these funds are shareholders and entitled to all the rights given to shareholders (except preemptive rights) such as participating in stockholders meetings or electing directors. Clients of UITF’s, which are regulated by the BSP, are not shareholders and do not enjoy these rights.

What are Sun Life Financial’s credentials in the areas of mutual fund management?

Sun Life Financial, through its subsidiaries worldwide, has been managing mutual funds for several decades. In fact, the oldest mutual funds in the United States and Canada are managed by members of the Sun Life Financial group of companies. The Sun Life Financial group of companies manage a combined total of CDN$388.7 billion of assets under administration as of September 30, 2008.

Locally, the investment management of our funds will be handled by our investment team in Manila. They presently manage assets in excess of Php 86 billion as of end-June 2007.

How liquid are the shares of the Sun Life Prosperity Funds? If I want to redeem my investment, how long does it take to process the transaction? 

You will get your redemption proceeds in a few days (maximum of seven business days) from the time your redemption order was received by our head office in Manila. The value of the redemption proceeds that you will receive will be based on the Net Asset Value per Share (NAVPS) applicable on the day your transaction was processed.

How much do you charge investors who purchase shares of the funds?

We offer our investors two purchase options when they place their money in our funds:

 The first option (Option A) is to pay an up-front sales charge, depending on the amount invested or upon investing. This sales charge is what we call the front-end load, and is used to cover expenses related to the distribution of the funds.

 The other option (Option B) is the back-end load which allows the investor to pay the sales charge upon redemption (selling shares to the fund), or even avoid paying the sales charge altogether, as long as he remains invested in the fund for at least five years. The deferred sales charge is on a decreasing annual basis, and reaches zero after five years.

How much is the required minimum initial investment?

For the peso-denominated funds, the required minimum initial investment is Php 5,000 for Options A & B. For the dollar denominated funds, the minimum initial investment is USD 1,000 for both options.

Am I required to make subsequent investments after the initial investment?

Subsequent investments are not a requirement. However, should you wish to increase your investment in the funds, the minimum amount for subsequent investments is Php 1,000 for the peso funds and USD 200 for the dollar denominated funds. This applies to any of the two purchase options.

We strongly advise our investors to regularly set aside a fixed amount of money for investments, regardless of the NAVPS. This way, you automatically buy more shares when the price is low, and fewer shares when the price is high. This kind of discipline is what we call Peso Cost Averaging.

Can you give me an estimated rate of return in a mutual fund?

Mutual funds are essentially long-term investments. You can get the maximum benefits from a mutual fund if you leave your money with the fund and let it grow. At the same time, the rate at which your money will grow cannot be predicted because when you invest in a mutual fund, you are investing in a diversified portfolio of securities that normally fluctuate in value. The securities markets in which mutual funds invest tend to rise and fall over the short-term, as will the value of your investment. Your ability to withstand short-term volatility will generally result in greater returns over the long-term.

How are investors protected in a mutual fund?

Mutual funds offer several levels of investor protection. First, they are regulated by the Securities and Exchange Commission of the Philippines.

Second, every mutual fund corporation has a Board of Directors to whom it reports and whose primary duty is to protect investors’ interests. Each fund has a different Board of Directors and each board is composed of a majority of people who are not connected with Sun Life Financial or any of its subsidiaries.

Third, mutual fund securities are held by a reputable custodian and do not form part of the assets of the company managing the fund. The custodian banks of the Sun Life Prosperity Funds include Citibank, N.A., Deutsche Bank, A.G., and Hong Kong and Shanghai Banking Corporation Limited. They keep all stock certificates and any other documents that evidence ownership of the funds’ assets. The primary purpose of having a custodian is to safekeep the assets of the funds.

Can I place an investment under the name of my child? If yes, what is the procedure on this?

You may place investments in the Sun Life Prosperity Funds under your name in trust for your child. Simply fill-out and indicate in the application form that the account is “in trust for” (ITF) the name of the child and accomplish a Confirmation of Trust agreement, available upon request from our Investor Services Department. Make sure that you provide a photocopy of your child’s birth certificate when placing investments under an ITF account. However, please note that the investment will not automatically be placed under the name of the child, when he/she reaches the age of majority. A written request must come from you in order for the transfer to take effect.

How much am I charged when I invest?

Investors are charged depending on the purchase option they have opted for. These are the following:

The Front-End load (Option A) sales charges are applied against the original capital at the time of purchase (plus 12% VAT) depending on the amount invested. This stands as a compensation for the registered representative and covering expenses related to the distribution of the funds.

For Peso Denominated Funds

Investment
Load Rate*
Less than P100,000
2.00%
P100,000 to less than P1M
1.50%
P1M to less than P5M
1.00%
P5M and up
0.50%

For Dollar Denominated Funds

Investment
Load Rate*
Less than US$2,000
2.00%
US$2,000 to less than US$20,000
1.50%
US$20,000 to less than US$100,000
1.00%
US$100,000 and up
0.50%

The Back-End load (Option B) allows the investor to pay the sales charge (plus 12% VAT) only upon redemption, or even avoid paying sales charges as long as they remain invested for at least five years.

 For Peso and Dollar Denominated Funds

If redeemed within…
Back-End Load*
   1st year
5%
   2nd year
4%
   3rd year
3%
   4th year
2%
   5th year
1%
   Beyond 5 years
NONE

*Exclusive of VAT

What is NAVPS?

NAVPS or the net asset value per share represents the price of one share from a mutual fund. All shares in a mutual fund are bought and sold using the NAVPS, which changes every business day depending on the market performance of the fund.

Investing in Mutual Fund is similar to buying shares of a company. Your share has specific value which will vary from day to day. The term used to determine the value of your investment in Mutual Funds is referred to as the Net Asset Value Per Share (NAVPS). NAVPS is calculated daily at the end of trading day, so the price of your investment changes from day to day. One can calculate the NAVPS by dividing the total assets less total liabilities by the number of shares outstanding:

NAVPS = Total Value of Fund Assets – Fund Liabilities
                    Number of shares outstanding

How is the number of shares computed?

To compute for the number of shares bought, we simply divide the investment amount by the Offering Price

Offering Price – is equivalent to the NAVPS plus applicable sales charge:

No. of Shares Bought = Amount of Investment
Offering Price

  In what banks can I deposit my subsequent investments?

COLLECTION ACCOUNTS
UNDER ACCOUNT NAME : SUN LIFE ASSET MANAGEMENT COMPANY, INC.
As of June 24, 2009
BANK TYPE BANK ACCT NO.
PESO ACCOUNTS
BANK ACCT NO.
DOLLAR ACCOUNTS
1
Bank of the Phil Islands SA 0073-1798-07 1624-0061-07
2
Banco de Oro SA 046-004225-4 046-006383-9
3
Equitable-PCI/Banco de Oro SA 36-0000-2338 1700-1507-80
4
ChinaBank SA 203-103-6216
5
China Trust SA 002-020-20899-0 206001449-1
6
Citibank SA 5-602714-022 5-602714-057
7
Deutsche Bank SA
1204-668-305
8
HongKong Bank (HSBC) SA 000-270579-070 001-095603-130
9
Landbank SA 1801-0249-00
10
Maybank SA 01-059-003283-8 01-759-000153-0
11
Metrobank SA 066-3718-10691-6 066-2066-10860-5
12
Phil National Bank SA 390-5704000-12 390-5704000-20
13
RCBC SA 3-001-00840-3 8-001-00967-3
14
Security Bank SA 0514-020724-200 0514-020724-201
15
Standard Chartered Bank SA 014-0953811-004 905-534910-3349
16
UCPB SA 104-165963-8 01-104-300835-0

To know more about the Sun Life Prosperity Funds, please get in touch with me by leaving  your message and contact details in the comments section below and I will get back to you.

Azon LopezSun Life Mutual Fund Advisor

The Sun Life Prosperity Funds are managed and distributed by
Sun Life Asset Management Company, Inc.,
a member of the Sun Life Financial group of companies.

Application Procedure for Family Resident Visa in Qatar

I have summarize below the procedures and requirements in processing your family resident Visa.  The following are only based on our own and some of our friends experiences.  If you know any  additional information that may be of help to our fellow kabayans, please feel free to comment below.

Note: If you have not subscribed yet in Metrash, it is advisable that you subscribe first in metrash with MOI (No Charge), so that you will get SMS alert regarding the Visa status application.

Subscribe for Metrash2  just in two steps. 
1. If you are not subscribed for normal Metrash service, subscribe for it on MoI website, click here for more info. 
2. Send an SMS from your Metrash subscribed mobile to 92992 with following format M2R
You will receive an SMS with download link and two part activation code. download the link, enter the activation code choose your password and enjoy the services on your mobile.

1. Obtain a New Family Visa Form directly from MOI- Madinat Khalifa Immigration Department. The timings are 8am to 1pm and 4pm to 7pm, Sundays to Thursdays,  or you may download it from here .  Some  people say that family visa is usually done in the morning.

2. Have the application form filled up by a typist in Arabic.  There are Arabic Typing Centers at Souq Waqif opposite the Police Station. They usually charge QR5 to QR10.

3. Request your Employer/Sponsor to affix his signature and seal at the last page of the form.  Then have it signed by yourself. You will also need the Computer Card from your Sponsor and you Employment Contract with Labor Department Seal.

4. Submit the application form with the following required documents (prepare 3 photocopies and original):

a.) Letter from your employer/sponsor outlining your position and salary. If company is providing you the accommodation, it must be stated in the letter. – (It should be written in Arabic and address to Ministry of Immigration. Contact your Company PRO.)

NOTE: The minimum salary requirement for family visa is QAR10,000 per month.  If you work for a government agency, the letter outlining your salary and position must be approved by the Ministry of Civil Service Affairs and Housing.
b.) Copy of your Passport and  Work Visa Page or Qatar ID (Pataka)
c.) Copy of your Family’s (wife and/or children) Passport
d.) Six months Bank statement (reflecting your monthly salary of at least QAR10,000)
e.) Attested Marriage Certificate (if applying for wife) – See Attestation details below
f.) Attested child/children Birth Certificates (if applying for children)  – See Attestation details below
g.) Copy of your Attested Education Certificate / Academic Qualification  /Diploma  – See Attestation details below
h.) Kharamaa bill in your name
i.) House Contract in your name (properly stamped with Baladiya) – It is the responsibility of the House Owner to have the contract stamped by Baladiya however if they require you to do it, you may have no choice as it is an important requirement now. This will be attested on Doha Municipality (Baladiya) near HSBC in C-Ring Road corner Al Saad Road. You need the following for attestation. Tenancy Contract (3 copies and original), your ID and the Land Owner’s ID, Authorization Letter from the Owner to attest the Contract, Title of the Land and fill the application form which is available in Baladiya. You will be asked to pay 1% of your annual rent.

But, if you are in a sub-lease house, you will need the following requirements:

1. Tenancy contract between 1st party (Owner) & 2nd party (Your Landlord – either company or individual). (make 3 copies of this)
2. ID of 1st party
3. ID of 2nd & 3rd party (you are the 3rd party)
4. Authorization letter from 1st party that he is allowing 2nd party to sub-lease the property
5. Title of land
6. If the 1st party is also the 2nd party (company owned by 1st party):
6.1 copy of commercial record
6.2 copy of commercial permit
6.3 copy of authorized signatory card

4. Now your application must be complete and ready for submission… Go to Immigration Department in Madinat Khalifa Area, Building No. 4, First Floor.

After submitting the Visa application, do not forget that you will be given a receipt with application number.  You may track the status through MOI Website.

5. Click on the second radio button and enter the application number and Your QID.

6. The status will be “The Request accepted” means same day you will get SMS from MOI with visa application no.  If “The Request refused” go to Labour Department and check for the reason and comply with the requirement.

Note:
a) In case the reason is not mentioned, then request for an appointment (with captain) to know the reason.  Go with full preparation along with all submitted documents (copy) and original.
b) Ask the reason for rejection, normally the captain will ask you some question just i.e what is your job/ Salary/ Nature of Company (They want some clarification from the submitted application. Check the status in same above mol link. It will be approved.

7. Once you received SMS with visa application no. Then, you may track the status through MOI Website click on “Visa approval tracking”  Enter your visa no (Received in SMS) and ID No.

8. Once your received an SMS “Visa ready to Delivery” or “Ready for printing” status in the moi website, go to Immigration Office with the Online print (Visa Ready for printing-it’s not compulsory) and original passport of the applicants and your ID. No application is required here.

9. Pay the amount (QR200) and get the family visa.  Now you can send this visa to your wife & children (to home country). They can arrive based on this visa.

If your wife is already here (Qatar) in visit visa, you may request to convert the family visit visa to familyresident visa by paying additional QR 500 and they will affix a sticker in passport (No need to exit from Qatar). You can do this same time when you are getting the family visa.

For Attestation:

The following attestations are required on the Original Documents:
1. DFA Authentication (Red Ribbon) – DFA Authentication Division’s New Address is at DFA-OCA Building Diosdado Macapagal Avenue, Parañaque City. You shall proceed to the Department of Foreign Affairs Authentication Division to authenticate the document with red ribbon (processing fee Php100per document  for regular processing of 5 days and Php200 for rush processing of 2 days)
2. Philippine Embassy in Qatar – You have to bring the documents to the Philippine Embassy in Qatar for notary and authentication (QAR100.00 fee)
3. At the end – Ministry of Foreign Affairs (MOFA) in Qatar – Then go to the Ministry of Foreign Affairs (MOFA) at C Ring Road opposite Gulf Cinema  for attestation (QAR20 per document they only accept debit/credit cards)

In the Philippines:

1. When you now have an Visa Notice for your family, which is by default valid for 3 months only, you may send the printed Visa Notice  to your family in the Philippines or provide them the Visa number and they can print copies from here

2. Dependent who is above 18 yrs old should take Medical Exam in any Qatar authorized Medical Testing. You may find the list of Approved Qatar Medical Centers or Clinics  here. Children below 18 years of age is not required for Medical Exam.

3. Then, the following documents need to be submitted personally  to Qatar Embassy for Visa Stamping. The new address and contact numbers of Qatar Embassy is:

Qatar Embassy Manila, Philippines

1797606_776514492360416_1711455452_n

Block 4 lot 6 Santiago Street Paseo de Magallanes, Magallanes Village, Makati City
Telephone: 856-6666/ 856-1222/ 856-1444*
856-1999/ 856-2444*

Schedules:

Emabassy Office Hours: 9:00am to 4:00pm
*Filing: Monday to Friday between 9am-10am only.
*Releasing: On the third (3rd) working day from the date of filing between 2pm-4pm.

* Please be informed that effective June 3, 2013, the Consular Section will no longer be receiving Cash Payments.
They will only accept ATM (Debit) Card and Credit Card payments (MASTER CARD & VISA CARD) for all visa and authentication related transactions.

Please prepare the original and photocopies of the following and make sure all documents are valid and not expired.

  • Application form
  • Visa Notice
  • Original Passport (must be valid for at least 6 months from the date of travel)
  • Medical Certificate (fit to travel) issued only by an accredited clinic by the Qatar Embassy – see above for list; (children ages 11 years old and below are exempted from medical requirement)
  • 2 pcs 2×2 size colored photos with white background
  • Processing Fee (Php358.97)

Submit these requirements at the Qatar Embassy in Manila with address above. You need to submit them personally. Should you need a representative to process them for you, you can send an authorization letter of your representative and copies of your valid IDs and his valid IDs.

When they arrived in Qatar:

10. Your wife/children must first obtain a blood-type certificate from any clinic before undergoing the Medical Commission exam.  Then, take your wife/children to Medical Commission (Abu Hamour) with the following documents (Original passport, Visa copy & QAR 100).  No application required here. Please note that the medical exam should be done within seven (7) days from the date of their arrival in Qatar.

The medical exam comprises a blood test and chest X-ray. Diseases being screened include:

  • HIV/AIDS
  • Tuberculosis
  • Hepatitis B
  • Hepatitis C

Note: For Family Visit Visa to Family Resident Visa –Mention this conversion in the registration counter.  You will need to pay QAR500 per family member and QAR400 for babies.

11. You will then get an SMS alert from metrash that medical is ok. Then check from MOI wesite and click on “RP application tracking and Printing” and enter Visa No. and ID No. you will get a form from the above website where you need to fill some supplementary data.

12. After completing the medical test, adults are required to register their fingerprints digitally with the MOI. The fingerprinting headquarters is located on Salwa Road off the Industrial Area flyover. Other service centers are located in:

  • Al Khor
  • Mesaimeer
  • Duhail
  • Al Shamal
  • Industrual Area (near Nissan roundabout)

Proceed for finger print (Abu Hamour) with the printout from website after Medical approval (they just need the visa number. To be on the safer side, you may bring Visa copy, ID and Original Passport).

13. You will then get SMS alert (Finger print ok), then proceed to immigration with the following (Printout of the form from MOI website duly filled, after medical approval, Copy of ID and passport of sponsor) QR 500, if you are applying residency for one year and same amount for every additional year and get the RP card by paying the required amount.

If you have further questions, please post it below and I will try my best to reply at the soonest.

How to Register a Newly Bought Property in the Philippines

It is very common for an OFW to buy a new property in the Philippines after a few years of earning a better income from abroad.

We didn’t immediately realized that it is easier to find a property that you wants to own than to get it registered in your name after paying a large sum of money as it does not ends there. Most of us are not familiar with the whole process of registering a property to the name of the new Owner.  Here are a few steps that may help you:

STEP 1 -DEED OF ABSOLUTE SALE

Anyone between the Seller and Buyer (or their Lawyers, if any) may prepare the Deed of Sale as long as it has been executed before and Notarized by a Notary Public.

NOTES:

a.) If you are a Buyer, let me remind you that before giving all the money to the Seller be sure that you got from him some important documents that you would need in the registration of the property under your name such as a copy of his validID, a recent CTC and TIN or a copy of TIN Car original copy of all Real Property Tax Receipts in his possession.

b.) If the Seller is a Corporation, you would need from them a notarized secretary’s certificates containing the resolution of their board of directors approving the sale and a certificate from the Securities and Exchange Commission (SEC) stating that its articles of incorporation have been registered with the SEC.

STEP 2 –CITY ASSESSOR’S OFFICE (Located in the City Hall or Municipal Hall)

Secure the following:

a.) Certified True Copy of Tax Declaration (House and Lot)

b.) Certificate of No Improvement (If property is vacant lot)

c.) Two Original Copies – 1 for BIR and 1 for Registry of Deeds

STEP 3 – LAND TAX DIVISION OF CITY TREASURER’S OFFICE (Located in the City Hall or Municipal Hall)

Secure the following:

a.) Tax Clearance

Note: In order to obtain a Tax Clearance, the Seller must pay first all arrears on Property Tax (if any and must be updated as of document of sale).  Therefore,  it is important that you got hold of the original of the official receipts evidencing payment by seller of realty taxes of the current and preceding years, before you gave him the full payment of the sale.

We had an experience that the Seller was able to gave us the Property Tax Receipt of the current year however, upon application of Tax Clearance it was discovered that the previous five years was not paid!

STEP 4 – BUREAU OF INTERNAL REVENUE

Submit the following:

  • Tax identification number (TIN) of seller and buyer;
  • Notarized deed of absolute sale/document of transfer, but only photocopied document shall be retained by the BIR;
  • Certified true copy of the latest tax declaration issued by the City Assessor’s Office for the land and improvement applicable to the taxable transaction;
  • Owner’s copy (for presentation purposes only) and photocopy (for authentication) of the Original Certificate of Title (OCT), or the certified true copy of the Transfer Certificate of Title (TCT);
  • Sworn declaration of “with Improvement” by at least one (1) of the transferees, or certificate of “with Improvement” issued by the City Assessor’s Office.

You (and/or the Seller, depends on the agreement) have to pay the following:

a.) Capital Gains Tax (6% for individual seller) or Witholding Tax (7.5% if seller is a corporation) – it is the Seller’s responsibility to pay the Capital Gains Tax (CGT) or Witholding Tax unless the Buyer agrees otherwise

b.) Documentary Stamps Tax (1.5% of the selling price or zonal value or fair market value, which ever is higher) – Payment for DST is responsibility of the Buyer

You shall received the following:

  • The Certificate Authorizing Registration
  • The Original copy of the Deed of Absolute Sale stamped received by the BIR
  • Original Copies of the BIR Return Forms 1706 (CGT) and 2000 (DST) stamped received by the BIR

Important Notes:

i.) Capital Gains Tax and Documentary Tax shall be computed based on Selling Price (per Deed of Sale), or Market Value of Tax Declaration, or BIR Zonal Value, whichever is higher.

ii.) If the Buyer agrees to pay the Capital Gains Tax, it very important that you get the Seller’s Tax Identification Number (TIN) and a copy of his ID

iii.) Forms for payment of Capital Gains Tax can be secured from the BIR or may be downloaded from the BIR website http://www.bir.gov.ph

iv.) Payment for Capital Gains Tax and Documentary Stamps can only be paid at the BIR Regional Office or BIR authorized banks where the property is located.  It can be paid either in cash or manager’s check.

v.) Capital Gains Tax shall be filed and paid to the BIR within thirty days from the date of sale, otherwise there will be interest and penalty.

vi.) Documentary Stamps Tax shall be paid on or before the 5th day of succeeding month from the date of sale.

STEP 5 – MUNICIPAL TREASURER’S OFFICE (Located in the City Hall or Municipal Hall)

Pay the following:

a.) Transfer Tax is computed as 1/2 of 1% (0.5%) of the Selling Price or Zonal Value or Fair Market Value of Tax Declaration, whichever is higher. – Payment of Transfer Tax is responsibility of the Buyer

NOTES:

i.) The transfer tax must be paid at the CTO not later than 60 days from the date of execution of the Deed of Absolute Sale or the notarization date thereof, whichever is earlier.

ii.) Prepare the following requirements:

  • Certificate Authorizing Registration from the Bureau of Internal Revenue
  • Tax clearance certificate from the Treasurer’s Office
  • Official receipt of the Bureau of Internal Revenue (for documentary stamp tax)
  • Photocopy of Deed of Sale
  • Photocopy of Transfer Certificate of Title (TCT)
  • Photocopy of Tax Declaration

STEP 5 – REGISTRY OF DEEDS (Located in the City Hall or Municipal Hall)

Pay the following:

a.) Registration Fee – 0.25% of the selling price, or zonal value or fair market value, which ever is higher. – Payment of Registration Fee is responsibility of the Buyer

Apply for registration and submit the following documents:

  • Copy of deed of absolute sale;
  • Official receipt evidencing payment of transfer tax;
  • Certificate Authorizing Registration from the BIR (CAR) including official receipts for payment of DST and CGT;
  • Real property tax clearance from the City Treasurer’s Office;
  • Original copy of owner’s duplicate of TCT (in the name of the seller);
  • Original or certified true copy of the latest tax declaration;

If Seller is a corporation, include the following:

  • Notarized secretary’s certificate containing resolution of the board of directors of the seller approving the sale;
  • Notarized secretary’s certificate containing resolution of the board of directors of the buyer approving the sale;
  • Articles of incorporation of the buyer and by-laws; and
  • Certificate from the SEC that the articles of incorporation of the buyer have been registered.

NOTE:

A new Certificate of Title under the New Owner’s Name will be issued by Registry of Deeds.  Be sure to double check the spelling of names and other information in the new TCT before receiving the new TCT.

STEP 6 – MUNICIPAL ASSESSOR’S OFFICE (Located in the City Hall or Municipal Hall)

Secure the following:

a.) New Tax Declaration

NOTES:

i.) Prepare the following requirements:

  • Photocopy of notarized deed of sale
  • Copy of latest tax declaration (in the name of seller)
  • Tax clearance certificate of real property taxes from the CTO 
  • Certificate authorizing registration from the BIR 
  • Photocopy of official receipt of transfer tax payment (original copy to be presented)
  • The transfer certificate of title (TCT) issued by the RD (in the name of the buyer) 

Hope this helps! Good luck with your transactions as I tell you, it was not that easy. 🙂 But if you have question, please post it below and I will try my best to answer them.