Your business commercial real estate and
properties investment strategy must help you
meet your businesses Agriculture's,
Fisheries, Forestry's, Mining, Industry's,
Tourism Business Investment, commercial real
estate and properties investment sector and
also goals without exceeding your tolerance
for risk. Where Economic Global in
anticipating in this year of new millennium
will be border less opened for all countries
of the world, we believe that Bali and Lombok island are
the right places for your investment in
Indonesia. Both of us will stand together as
partners with our own companies' identities.
It is a great idea when you decide to invest
your capital in our beloved country because
we have what you might want: natural
products of our protected nature. At the
moment, we have several great business
opportunities that may suit you needs.
However, due to some constraints, we cannot
realize them without your immediate
involvement. That's why we invite you to
come and joint us at once. We hope that you
will take advantage of many the free
services on our Web site. If you have time
traveling or visit to Bali and Lombok island
Indonesia we organize offerings commercial real estate
and property sales including lands, houses,
apartments, hotels, and shops in Bali and Lombok island or have any investment ideas
involved Agriculture's, Fisheries,
Forestry's, Mining, Industries, Tourism and
Investment, Properties Investment sectors
that you feel would be of value to our
visitors.
How To Acquire overseas investors
property in Bali and Lombok Island
Indonesia.
Under Indonesian law foreigners are not
allowed to own freehold property title in
Indonesia. However non-Indonesians can
legally acquire property and enjoy the full
rights of property ownership through a
number of alternatives summarized as
follows:
1. Freehold (Hak Milik)
Enter into a legal agreement with and
Indonesian nominee, either and individual or
a company, whereby they hold the title to
the property. Simultaneously enter into a
power of attorney, handing over full rights
from the Indonesian nominee to the foreign
party.
2. Lease
Make a leasehold agreement investment in the
foreigner's own name, usually for 20-30
years, which is extendable. This method does
offer full legal protection to the foreigner
during the term of the lease; however, once
the lease term has expired the property
reverts to the owner unless extended.
3. Corporate ownership
Form a foreign investment company, which can
be solely owned by a foreigner, and the
title of the property will be in the company
name. However, title in this case will last
up to 30 years, as companies have to
re-apply to the Indonesian Government to
extend their license for a further period.
SIMPLE WAY foreigners own property in
Indonesia
A. TITLE
There are a number of different types of
title in Indonesia:
1. Hak Milik (Freehold) is the type of title
that can only be held by an Indonesian
citizen.
2. Hak Pakai (essentially leasehold title)
and other forms of title can be held by a
P.T. or PMA Company (Foreign Investment
Company).
A
non-Indonesian citizen cannot own land in
Indonesia. However a foreigner can acquire a
leasehold title to a building - almost the
same as a strata title except that the title
lasts only for 25 years with an extension of
30 years for a maximum of 55 years and then
reverts to the original owner (lessor).
Buying
Land
By Indonesian law a foreigner can not own
land in Indonesia.
If a foreigner chooses, he/she can own land
'indirectly'. To do this you need to have an
agreement between the foreigner and an
Indonesian, signed with the witness of a
notary public. In the agreement the
Indonesian is the 'legal owner' while
acknowledging that the foreigner is the
'rightful owner' of the land and thus the
Indonesian owner would carry out any
instructions from the foreigner regarding
the land, including selling the land at
certain price with the funds to be paid to
the foreigner owner.
B. SOLUTION
There are 2 ways for foreigner to own the
land in Indonesia:
1. Using the Nominee
The Nominee will sign four documents with
the foreigner as follow:
1. A Loan agreement: acknowledges that the
foreigner has lent to the Nominee the
purchase price of the land.
2. A Right of Use agreement: allows the
foreigner to use the land.
3. A Statement Letter: where the Nominee
acknowledges the foreigners loan and
intention to own the land.
4. Power of Attorney: Nominee sign an
irrevocable Power of Attorney giving the
foreigner the complete authority sell,
mortgage, lease or otherwise deal in the
land.
5. And are availability personals name
Indonesian nominee for along period or
forever period to be advice
6. Our lawyers are availability
2. Using the PMA
The most significant change in Indonesian
investment law came in 1997 when the
government introduced the PMA (Penanaman
Modal Asing or Foreign Investment Company).
This allows foreign investors to set up a
company in Indonesia, without having to have
Indonesian partners. The PMA can be 100%
owned by the foreign investor. PMA companies
are allowed to own the title of the property
for a period 25 years and have to be renewed
by the government.
To set up a PMA, you will be required to:
1. Submit the detailed business plan.
2. Operate in a business environment that
adds value to Indonesia in terms of foreign
skills, employment and environmental
benefit.
3. Make an appropriate cash deposit in an
Indonesian based Bank. The amount varies and
is calculated from the capital employed in
the business.
4. Show the property investment as an asset
of the company.
The process takes approximately 3 or 4
months and once its completed; the company
can apply for work permits for the foreign
directors, 3 permits in the first year of
operation. The cost to setting up the PMA is
between IDR 30 to 40 Million or equivalent
with USD 4,500.
C. NOTARIES
You should NEVER make any payment before all
the necessary Hak Milik checks are done.
Preferably you should do all financial
transactions via the account of a reliable
notaries.
You should make sure your notaries is
reliable. Not all notaries in Bali and
Lombok can be trusted. Some notaries may
conspire with an owner or with someone who
pretends to be the owner, with the mere
purpose to get your money instead of taking
care of your interests. If you know any
foreigners who already live in Bali or
Lombok island, you could ask their
recommendations.
By law the transaction of a free hold
certificate (by means of an "Akta Jual
Beli") must take place via a notaries who
resides in the district (Kabupaten) where
the property is located. All other
agreements and contracts regarding a
transaction may be legalized with any
notaries in any part of Indonesia.
D.
FEES
1. Notary: 1% - 1.5% of the value of the
transaction.
2. Seller Tax & Buyer Tax: seller and buyer
pay 5% each of tax value added.
3. Mortgage Certificate: 2% of value of
mortgage.
Bali & Lombok Global Investment services is
available to assist in the above ownership
process either by recommendation of
Indonesian nominees or advice in the
formulation of ownership agreements to
actual closure of the sale. However it is
important for Lombok Global Investment
services client's to obtain legal advice at
all time in securing a property in Bali &
Lombok island Indonesia.
Remember.. Bali & Lombok Global
Investment services to built on
recommendations from our satisfied clients,
we are here to assist in the successful
acquisition of your dream buying real estate
and property in Bali Lombok Island Indonesia
backed by our extensive expertise in the
matters.
Everything in short about our business
brokerage; we are broker in Bali Lombok
island have a complete variety of properties
for sale the list grows everyday offers commercial real estate and
property sales agent including lands for
sale, houses for sale, rental apartments,
hotels for sale, and shops for sale in Bali
and Lombok island, we have team works scope
activities planning and project construction
professionals properties investment services
and also the biggest international Bali
Lombok commercial real estate and properties
located on the world's most popular tourist
destinations in Bali and Lombok island
Indonesia. The other property for sale or
leasing from lands and flatlands for sale,
rental private house, home, villas for sale,
bungalows for sale, rental apartments,
hotels to shops at many attractive
locations, you do not worry selecting
commercial areas and productive works such
as city centers on the next shopping areas,
located villages, riverside, lakeside,
forests side, beachfront, hilltop, flatlands
models, rice fields, valleys and also we
arrange vacation a private luxurious villas
residences rental holidays also small
hotels, villas private home with swimming
pool residential for sale complete
facilities on Bali and Lombok island
Indonesia, we covered Bali properties and Lombok properties listed by owner
surf
Property listings of Bali and
surf
Property listings of Lombok.
Especially we arrange investment services
foreign and domestic investors and
executives buying property list based on
Bali and Lombok Island Indonesia, The
region where we running our real estate
business is the most charming and
interesting "Untouched areas" that of
course must be great places to your holiday
programs the lowliness of Whitsunday beaches
and powerfully cultural attractions are just
nothing short of magic. The region is really
a right place to find the rest Asian
Primitive; prehistorically whiteness or all
breathtakingly items. Started from the above
matter, with highly recommendations from the
many of those have ever spent their good
time here with us, we would love to have
contact in sending more and more visitors to
come to the region. And by the chance, we
found your contact address the internet
which we think may have possibility to
corporate with. Therefore, as a well running
your business investment organize
Agriculture, Fisheries, Forestry, Mining,
Industry, Tourism Business Investment
Commercial Real Estate and Property
Investment sector Bali and Lombok island
Indonesia.
We do hope that you kindly would like to
build and create Bali and Lombok business
information services Indonesia, and more we
organize follow-up business information
services offering Agriculture, Fisheries,
Forestry, Mining, Industry, Tourism Business
Investment Real Estate and Property
Investment sector also cooperate the choice
of yours the above sectors, so you can read
a more main scope business activities
effective day internet's click
main scope business activities information
effective days internet Bali and Lombok
island has been involved.
Please do not hesitate to contact us if
there is anything interest you, or you may
need us to informs anything you need to know
more about Indonesia tourist destination and
your ideas for Agriculture, Fisheries,
Forestry, Mining, Industry, Tourism and
Investment, Property Investment the above
sectors. We indeed will be more than just
glad to reply you.
Thanks for your kind
attention.
Yours Respectfully
|
|
|
I KOMANG SATYA BUDI BBA
Programmers | Middleman
mobile: +62 8123761387
local mobile: +62 370 6659535
|
| visitor: |
 |
|
 |
|