Our company accompanies you throughout the entire travel process, it being specified that each of our customers is the object of a particular attention and that we personalize as much as possible all the stages, according to your needs and your requirements. The procedure is therefore scalable and flexible:
FAQ
PURCHASE OF A PROPERTY :
In Bali, it is impossible for a foreigner to obtain a credit (except special case). Regarding your borrowing opportunities in your country, unfortunately this is an issue we do not control because it depends on several factors.
If your villa does not generate income, you do not have to be in possession of a particular visa. Otherwise, you will have to build a company that will allow you to generate income legally.
The purchase proceeds in the following way, it being specified that, as far as possible, we adapt the whole purchase process according to the requests of our customers:
- Definition of your needs,
- Signature of the contract meeting your requirements and your specifications,
- Payment of a first deposit,
- Realization of plans, if outside villa catalog,
- Validation of the documents and payment of the corresponding installments,
- Visit to Bali, signing documents essential to the purchase of the property, meeting with the various professionals (banker, notary, lawyer …)
- Acquisition of the land, on the spot or by proxy,
- Payment of the various installments, being specified that the payments will be made according to the progression of the works and in accordance with the clauses of our contract.
- We will discuss together the best periods to organize your stay in Bali and you will decide, according to your availability, dates that suit you,
- Your accommodation in Bali: we can assist you in this process and direct you to our partner hotels,
- We send you a driver at the airport, accompanied by our customer manager, who will escort you to your hotel,
- During your stay, we take care of everything, visits related to your purchase (architect, bank, notary) and cultural visits to immerse yourself in Bali (at your expense),
- Our appointments in Bali: during our meetings, we will discuss the current market, our working methods, the return on investment and especially your projects, your desires and your expectations. We will organize tours of some of our villas, land. You will share your feelings and your favorite choices. We will proceed to the creation of a bank account. Then we can work together remotely.
As a general rule, our customers validate the entire purchase process during their trip to Bali. If despite the visits organized on the spot, you are undecided, you can perfectly give us a power of attorney so that we can, in a second time, acquire the land in your nam
When you stay in Bali, your passport will suffice. Ideally, the land in question will have to be paid before your departure from Bali, your presence being necessary for the signing of documents at the notary. If you are not on site and you want to reserve a particular land, we have the possibility, after a down payment, to take a stand on your land, waiting for your arrival in Bali.
You can open a bank account without any problem. Your presence is however required, but the steps are very fast. We will accompany you in this procedure because it is necessary to have a sponsor to open the accoun
This is better because in case of purchase of a property, you will have to pay the various expenses related to your purchase (property tax, insurance, salaries of your staff if necessary, etc.). In case of renting, you will have to deposit the rent amount in an Indonesian bank account.
Owning in Indonesia does not entitle you to a kitas. You can, for example, create a company to hold a work kit. For more information, do not hesitate to contact us.
In Indonesia, the right of withdrawal does not exist. In addition, looking for land to submit to you and to make plans, specifications or any other legal document entails for us a considerable work, reason for which we do not propose time of retractation. That is why in case of abandonment of the contract that binds us, the paid ares can not be returned.
We guarantee our homes, against any major defect of construction, for one year. This guarantee does not cover cases of force majeure, bad weather, earthquake, floods, fortuitous event and other problems related to the natural degradations of the building. For your home insurance, we can direct you to our partners, such as Zurich Insurance, which insures the majority of our customers, against theft, fire, earthquake, flood, degradations related to volcanoes or any other natural event.
We work in collaboration with the best real estate agencies and can put you in relation in the context of the resale of your property.
Notary fees relating to the rental or purchase of land are of the order of 1.5%.
The operating costs are as follows:
- the annual property tax,
- the insurance of the property, if you wish to dispose of it,
- monthly staff costs,
- various expenses such as water, electricity, internet,
- cleaning products.
The amount of tax levied after the resale of real estate in Indonesia is 10% of the amount declared.
RENT MANAGEMENT OF A PROPERTY :
Our company has a “Magnitude Management” department, in charge of villa management. For more information, please feel free to contact us.
People looking for quality accommodation in Bali are very numerous. Whether tourists looking for a seasonal rental or long-term rental, demand is growing. The average time to find customers wishing to stay in one of our villas is between 1 week to 1 month.
In Bali, the owner is free to set the amount of his rent and increase it at any time. There is no law governing this aspect of rental. We can however advise you on the price of the ren
You are free to set the duration of your lease. It can be a long-term contract (1 year or more), a medium-term contract (6 months) or even seasonal contracts. All you need to do is specify the periods you want to rent, your preferences for the duration of the rentals and we will fill your calendar with clients who wish to rent your villa.
Nothing requires them but it will be stipulated in the rental agreement that they must be holders of insurance.
If you want to work with us to rent out your villa, our price is 20% for one or two bedroom villas and 18% for three or more bedroom villas.
It is up to you to choose, we can offer your property to rent, with or without deposit, it being specified that an inventory of entry and exit will be made by us. We can discuss together the amount of the deposit. In addition, we ask all tenants to provide us, on the day they enter the premises, a photocopy of their identity documents.
In Bali, there is no rent insurance. In case of unpaid, there is no protection for the tenant. He must leave the dwelling on the field. There is nothing to stop us from using the police, which is very dissuasive in Bali. In addition, we ask the payment of rents before the entry of tenants in the villa to ensure the payment of rents. No delay is tolerated. In case of non payment on the day of the deadline, we go on the spot and ask the immediate departure of the tenants.
The tenant, when entering your villa has been informed and can contact us very easily and quickly. An information sheet has been given to him containing phone numbers, email addresses to contact us in case of problems. In case of such a problem, tenants will contact us and we will take all necessary measures to quickly find a solution, within the limit of an intervention cost of $ 300. Beyond that, we will contact you to obtain permission to start the necessary work.
Les rapports peuvent varier entre 15 à 40%, en fonction du type de bien.
To declare your income at the end of the year, you must have a NPWP number, which is assigned by the tax department. We can assist you to get this number. We can also keep your accounts (receipts / expenses) for your tax return. However, for this we will need to be in possession of your bank statements, as is customary in the business accounting environment. If you are not convinced, you can manage your accounting yourself and we can prepare the file and obtain the NPWP number.
Schedule a Free Consultation
Why not schedule a free consultation call to kickstart your dream? In this one-off call, inquire about our bespoke and comprehensive villa building services and the possibilities of working with us