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FREQUENTLY ASKED QUESTIONS
Q As an individual investor what is involved in in in in in in getting into the Bali real estate market?
A Indonesian law places restrictions on on on on the the ability of foreigners to outright purchase property property But as as as long as as as the the property property is not Government subsidized foreigners are allowed to to to invest in in real estate under a a a a a a a a a a a a clause referred to to to as as a a a a a “Right to to to Use” lease Q What is a a a a “Right to Use” lease?
A A An Indonesian citizen who owns property property can provide you you with a a a a a a a a a a a a long-term lease contract that allows you you to make use use of the the property property for personal or or commercial purposes Commercial use use is also dependent on on on obtaining the the appropriate permits and/or licenses for for for your business The “Right to to Use” lease is therefore the the the first step in in in the the the overall process to to exploit property for for for commercial purposes in in Indonesia Q What advice would you give to to foreigners seeking to to invest in in in Bali?
A Know that although the the the Indonesian legal system system was established under Dutch rule there are many nuances to to to to the the the system system as as it it it exists today So it it it it is is best to to to to to good good legal advice before you commit to to to to to anything in in in in in Indonesia Indeed it it it makes good good business business sense to to to to to retain a a a a a a a a a a a a lawyer in in in in in in in any any any country that you seek to to to to do business business in in in in in however many people still try try to to to to avoid this step to to save on cost However what many people do not realize is is is that all the the decisions made in the the process can have legal ramifications ramifications So it is is is important to to understand exactly what what what you you are are are getting into and and and and what what what the the short- and and and and long-term ramifications ramifications are are are Be clear about what what what what you you you are are are seeking from an an an an an investment the the purpose and and and what what you you want to get out out of it BALI WATER WORLD