We are Lombok broker offers your business investment strategy must help you meet your business Agriculture, Fisheries, Forestry, Mining, Industry, Tourism Business Investment, Property Investment sector and 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. 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 join us at once. We hope that you will take advantage of many the free services on our Web site. If you have time travel or visit to Bali and Lombok island or have any investment ideas involved Agriculture, Fisheries, Forestry, Mining, Industry, Tourism and Investment, Property 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 in Bali and Lombok island
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; we offerings property sales including lands, houses, apartments, hotels, and shops in Bali and Lombok island, My scope activities planning construction properties, investment services, property and land for sale most popular tourist destination complex areas, vacation rental holiday flats private houses, home, villas, bungalows, apartments, hotels to shops at many attractive locations, such as city centers, villages, side of the rivers, side lakes, forests, beaches, hills top, rice fields and valleys. Visit our web site as the bellow:

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Bali and Lombok Global Business Information services Indonesia Office and Residence address Jalan. Cendrawasih no. 8 Cakranegara, Mataram 83231 N.T.B.Indonesia Phone : +62 370 631271, Fax : +62 370 631638 Contact person: Mr. Satya Budi Mobile: +628123761387 Local mobile: +62 370 6659535 Web site: www.lombokglobal.biz Web site: www.lombok-global.com Web site: www.geocities.com/lombokbroker E-mail: [email protected]

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