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You can visit the Philippines as a tourist without a visa and stay up to 2 years by extending your visa waiver for 2 months at a time beyond the initial 21 days. If you are married to a Filipina you will be allowed to stay for 1 year.
If you decide to take up legal residency in the Philippines be prepared to pay a lot of tax: 35% on worldwide income.
Other than that, life can be wonderful in the Pinas :-)
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