Taxation Need to be Paid in Buying Bali Villa
In this article, we will help you to Understand Bali Real Estate taxation before buying villa in Bali. Tax is a mandatory contribution of every citizen to the country. Either individually or as a coercive entity based on the law. Tax payments do not receive direct compensation and are used for the purposes of the […]
Nominee Agreement For Land Ownership in Bali
Nominee agreement for land ownership are prohibited if the basis is to transfer restricted land rights to foreign parties. For foreigners, you are only entitled to land under a right to use (Hak Pakai) or leasehold. More specifically, the Agrarian Law number 5 of 1960 has expressly stated that freehold land can only be owned […]
Indonesia Launches Second Home Visa
In response to the volatile global economic condition, as well as to minimize the economic impact of the COVID-19 pandemic, the Indonesian government has issued Circular No. IMI-0746.GR.01.01 of 2022 on the granting of a second-home visa and temporary stay permit on Tuesday, October 25, 2022. Announced less than a month before the scheduled upcoming […]
Your Complete Guide To Pondok Wisata in Bali
Plan to invest in Bali? After reading our last article regarding leasehold or freehold, you may start to do your research. Beside the location wise, the question probably will be: “how and when you can start put your villa in the market?” If you do your general research already, you probably heard about “Pondok Wisata”. […]
What Is An IMB?
Do you know why you need IMB in Bali property? If you ask some agency or property management to market your villa, they will ask you if you have IMB. An IMB is essentially the building permit or “permit to establish a building”. It also serves as a registration document for the building, also specifies […]