Expat bars in Bali are true treasures of secret knowledge and hidden wisdom. It is where the mysterious oracles live. If you need an answer to a question, anything, all you have to do is head to the expat bar nearest and ask very politely the guy make the most noise.
This is a bit risky, mind you, as it might offend and verbally abuse you without any reason. But it was his right OK, because it was on the island for the longest time and it has the attitude and love handles to prove it.
The oracle is sure to know the best ways to illegally extend your visa, avoid paying all taxes and where to buy the cheapest Bintang in town. And of course, he knows the best way to buy a house. Wink wink of eye. He does not own one himself because he says he prefers to rent, but it sure as hell know the law. All of this!
In fact, he thinks he knows, but he does not, he does not take his advice joyful. Not unless you like looking over your shoulder and living in a constant state of paranoia or have more money than sense.
There is no denying that the property is a large company in Bali. This island paradise seems to have everything; stunning architecture, beautiful beaches, picture postcard scene. But it is risky, right? I mean, we know all the laws do not make sense and they are made to be broken, right? Everyone says aliens do not have a legal leg to stand on, right?
Wrong!
If you listen to the oracle that you set yourself for a fall.
This is why it is best to find professionals who know the real history of real estate in Bali.
One of the first things to understand is that there are rules and regulations on foreign ownership. So get to know what they are. They may not be exactly the same as you can find in your own country, but we are not in your country we are now, we are in Indonesia. And if you do not like the rules here, not playing.
The oracle, but will try to convince you that it's okay to bend the rules, hide under a blanket and lock them in the closet. But this is not OK. It really is not OK. You would not consider doing at home, so why try to do here. The invisibility cloak oracle speaks are so not. He never did.
agrarian law of Indonesia Undang-Undang called No.5 Tahun 1960 Article 16 (1) is based on the Indonesian Constitution. It covers seven types of ownership structure, but for our purposes only four of those cases. These are:
- Hak Milik or Freehold
- Hak Guna Bangunan ( HGB ) or right to build
- Hak Pakai or right to use
- Hak Sewa or Leasehold
An Indonesian citizen has the right use one of these structures. A stranger is not.
In December 2015, the government updated land ownership laws making it easier for foreigners to own land and property under Hak Pakai and Hak Sewa for residential properties and Hak Guna Bangunan to trade securities. If anyone tells you different or suggest using a nominee for a Freehold or Hak Milik title, do not turn and walk away, run!
In all cases, you must show that you are part of, work, retire or invest in Indonesia. Tourist visas do not count! And applicants are illegal!
Hak Pakai The certificates are valid for 80 years with automatic extensions after 30 years and 50 years. Hak Sewa Certificates can go from one to the same maximum length Hak Pakai , for a of 80 years.
If you are not comfortable with either Hak Pakai or Hak Sewa Another option is to create a foreign company (called LDCs). This company can legally have a right to build (HGB) certificate. You are the owner of the company and the company owns the property. Simple, direct and above all, security-as-houses-legal!
The bottom line here is that if you play by the rules of the property in Bali is not only fun, but has the potential to be very lucrative. If you do not like the rules because you are in denial of a neocolonial attitude warped that says you can do what you want because you are - insert nationality here - so go ahead and find your oracle. He awaits you between rounds Bintang. Whether you lost in a maze of imaginary shortcuts. You can stand on his hands cold and clammy rather dive in its dark world of doublespeak-king-pin wannabes. If that scares you, it should be
It is important to remember that there are professionals out there !; people dedicated to making your experience in Bali unforgettable (a good and positive way). So please give us a call for down-to-earth, truth-speaking consultants. You will not regret it. The oracle can, but again, do we really care what he thinks?
