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Purchasing property in Bali is an appealing option for foreign investors, although the process is complicated. Below are Healy Consultants' services and information related to the process of purchasing property in Bali:

1.

Purchasing property in Bali can be purely for an investment property to receive rental income and capital appreciation, or as a holiday home, or as the ideal place to retire. Bali has advantages of modern infrastructure, cheaper property prices than other tourist destinations such as Phuket or Koh Samui and a diverse offering of activities.

2.

Healy Consultants provide clients with options for purchasing property in Bali based on their individual needs related to aspects such as location, size, budget, property facilities, proximity to transport, security etc.

3.

Providing an overview of the Bali property market. This can include general economic indicators, real estate cycles, property trends, currency fluctuations and how they impact on purchasing property in Bali. Reliable, reputable sources are referenced to develop the most useful analysis of the property market. These include Statistics Indonesia, and Bank Indonesia.

4.

There are basically three principal alternatives for foreigners purchasing property in Bali. These are outlined below:

i)

Using an Indonesian nominee - this is the most common way for foreigners to acquire land in Bali. The nominated Indonesian purchases the property from the previous owner and is registered on the land title deed. The Indonesian nominee also completes three other legal agreements, which are are the loan agreement which shows the foreigner has lent the funds to the nominee, an irrevocable power of attorney which allows the foreigner to sell, mortgage, lease or otherwise deal in the land and a permanent right of use which gives the foreigner the right to occupy and use the property.

ii)

Using a Penanaman Model Asing (PMA) company - A PMA company can be 100% owned by a foreigner but this form of title is valid for 30 years with subsequent extensions of 20 years and 30 years an option. Hotels commonly use this form of ownership.

iii)

Leasehold title granted to a foreign individual - where a foreign individual is permanently based in Indonesia, satisfying conditions such as holding a KITAS working visa can enter into a 25 year lease renewable for a further 25 years. This is a direct lease between the foreigner and the local owner. This is most commonly used for retirees moving permanently to Bali or foreign companies that require residence for their employees working in Bali.

5.

Healy Consultants works with international entrepreneurs and property investors to efficiently manage the process of purchasing property in Bali, and for selling property in Bali. Services offered cater to all requirements, whether that be for i) Residential real estate or for ii) Commercial real estate.

6.

Arranging property finance for the purchase of property in Bali is an important step for investors. Healy Consultants will organize options and hence negotiate mortgage terms and conditions. Leading international banks our firm works with include HSBC, ANZ Bank, DBS Bank and OCBC Bank.

7.

Invaluable tax and accounting advice is provided to clients in order to minimize current and future taxation obligations related to purchasing property in Bali.

8.

An Indonesian Notary Public is required for fulfilling property transactions. The Notary Public is under no obligation to advise or protect the interests of the buyer or the seller in a property transaction. Appointing a local lawyer is important in order to ensure all legal matters associated with purchasing property in Bali are undertaken correctly.

Healy Consultants will also assist clients with post purchase aspects such as:

i)

Supervising property management activities such as property maintenance, refurbishments, security, property valuations, ad hoc problem solving and issues resolution.

ii)

Arranging property insurance to ensure the structure and contents of clients asset is secure.

iii)

Organizing migration to Bali, which can include visas, coordinating relocation services, familiarization with Bali and it's culture.

Contact Us

For further information on purchasing property in Bali, call our Singapore office at (+65) 67350120 or contact email@healyconsultants.com