Bali, an Indonesian island located at the westernmost end of the Lesser Sunda Islands, has been a prime tourist destination for both local and international tourists. The allure of pristine beaches, lush tropical forests, stunning scenery, diverse culture, and welcoming people have drawn visitors to her shores for centuries. No wonder Bali is one of the most popular tourist destinations in the world.
Bali is also an amazing place for property investments and more people are beginning to realize this. Working in tandem with the locals here is such a fulfilling experience, and working together on real estate projects with local businesses, residents, etc is just part of the magic experience. However, it may be difficult to know where to start and what you need to consider when investing in Bali property. This is where The Risen Group comes in.
The Risen group is a subsidiary of Hierarchy Media, owned by Taylor Ping, that is partnering with Bali Home Property, and other Bali brands, businesses, locals, venues, events, hotels, etc., to provide the best real estate investment ideas and knowledge for people interested in expanding in Bali.
When asked why Taylor Ping decided to create The Risen Group and dedicate it to property investment, she said, “Property investment is a serious business and it is thriving more than ever. However, people can make the wrong decisions when they don’t have the right information or guidance. Bali is an amazing place with so much growth potential. I want to help people make the best decisions when it comes to investing in Bali property so that they can enjoy a seamless investment.”
What You Must Know About Bali Property Investments
Before putting a dime on any Bali property investment, it is important to learn as much as you can about the process and what factors you need to consider. The Risen Group has outlined some important things you must keep in mind
First, you must know the laws on freeholds in Indonesia. The law states that foreigners cannot own property in Indonesia, and all properties, land, or buildings, have to be registered in the name of an Indonesian citizen.
However, you have multiple solutions to own a property safely in Indonesia. Taylor Ping explained that “You will need an Indonesian citizen, referred to as “nominee”, to handle this. The Indonesian citizen will be mentioned as the legal owner on the land certificate (title document), but your interest as the buyer will be protected when you make an agreement with this nominee at a notary’s office.”
She further said that “You can use a PMA (international company) to buy in Freehold if the company is domiciled in Indonesia. However, there are several restrictions and it depends on the domain and the function of the company.”
Also, leasehold is very important when it comes to Bali property investments. You can lease land or building for up to 25 years with an option to extend for another 25 years. The Risen Group recommends that you use this option as it gives you more security than freehold, which can be revoked at any time.
Lastly, Taylor Ping says that “It is important to consult with a reliable and experienced real estate lawyer in Bali to discuss your specific needs and objectives before making any purchase.”
The Risen Group and Bali Property Investments
Taylor Ping is dedicated to protecting the interests of those who want to invest in Bali property. The Risen Group has already helped many people with their investments and will continue to do so in the future.
If you’re interested in learning more about investing in Bali property, or just want to know more about the process, feel free to contact The Risen Group. You can also reach Taylor Ping through her website or connect on Facebook and Instagram.