Is it legal for a foreigner to own land or property in Indonesia?

• No, foreigners cannot legally own land in their own name in Indonesia.
• They may legally own leases in their own names.
• Many foreigners attempt to skirt the law by using nominees to hold the titles on their behalf - but this is not without risk.
• It is also lawful to own property through a PMA Company (foreign direct investment company), but in the Badung Regency of Bali these companies are difficult to set up.

Ownership

The law does not allow foreigners to own property in Bali. However, foreigners may legally lease property in their own name. Although there are ways to circumvent the law on owning freehold, our recommendation is to buy a leasehold villa in your own name. We suggest you choose a villa located in a prime area with high rental return potential. If your Villa generates good income then lease extensions become a non-issue and you will have avoided the pitfalls and complications of trying to own freehold outside of the law.

• Leasehold Villas in prime areas pay for themselves in as little as 5 years.

Who is the developer ?

• PT Bali Arcon Jaya and its subsidiaries have a decade long list of accomplishments from Bali and beyond. The primary goal of PT Bali Arcon Jaya and its subsidiaries is to continually set new standards for the definition of "Luxury"

Does the developer have any other projects ?

• PT Bali Arcon Jaya and its subsidiaries are presently developing several upscale hotel projects in Bali including CK Villas Balangan Ungasan and several projects in Bali. Please visit www.baliarcon.com for further information

Who are the architects of the CK Villas ?

• All design work was done inhouse by the development company, a talented group of Architects specializing in Tropical design with a proven track record of quality and durability: Bali Gede Architect. Please visit:www.baligede.com

Why is the design a little bit different then other projects ?

CK Villas have been dynamically designed with stand out features such as:

• Tile rooves instead of 'AlangAlang' (straw roof) to avoid rodent infestation and allergy-causing dust.
• Flat concrete ceilings to allow for fast cooling and efficient air conditioning.
• Sealed windows at the back of the house for security, and noise reduction from adjacent Villas.
• Roof overhangs allow movement between spaces without getting wet during rain showers.
• Concrete structures are fire resistant - unlike materials such as grass rooves and wooden shingles.

Why buy a Villa in the Balangan area of Ungasan Jimbaran ?

• Location, Location, Location - whether you are purchasing the property for your personal use or investment - CK Villas are located only 10 minutes drive to the surfing beach at Balangan and close to the Golf Course and the Famous Klapa Restaurant at Pecatu.

What makes this area so popular ?

• 10 minutes drive to Balangan beach and the golf course at Pecatu.
• Close to Garuda Wisnu Kencana Cultural Park
• Close to Top Brand hotels (Bvlgari Resort, Banyan Tree and many more)
• Minutes away from airport, entertainment and shopping venues at Kuta, Nusa Dua and Jimbaran
• With high occupancies and nightly rates, these properties may pay for themselves in as little as 5 years (see ROI Chart). It typically takes much longer in other areas to experience such favorable returns.
• A reputation for safety and fun

How long is the lease ?

• The lease is only 25 years

How can I purchase a CK Villa ?

• You can purchase a CK Villa directly through our office in Bali.
• When you purchase directly from developer, the Public Notary will provide you copies of the contracts and facilitate the transaction.

If I decide to purchase a CK Villa what happens ?

Once you have decided on a CK Villa and chosen an available unit:

• Our sales representative will fill out a booking form with your personal information and payment schedule.
• You will be required to pay a nonrefundable deposit of US $10,000.
• Public Notary will provide you copies of the contracts.
• You then have 21 days to go through the contracts and make any necessary amendments.
• Contracts must be exchanged during this after 21 day period your first payment is due.

What happens once I sign the contracts ?

• The contracts will be notarized and sent to the Indonesian Embassy in the country in which you sign them (unless you sign in Indonesia) to be legally formalized.
• This makes the contracts legally binding in Indonesia even though they were signed elsewhere.

How do I make my first payment ?

• You pay directly to developer, PT. Bali Arcon Jaya view details. The receipt of payment will be authorized by a public notary who shall prepare the sales and purchasing agreement

When does the lease commence ?

• The Leasehold Agreement commences upon the start of construction of your Villa

What is included with my Villa ?

• Your Villa comes completely furnished. In accordance with the furniture package based on CK Villas standard for operation as a small resort. Once the villa is completed all you have to do is turn the key to your new villa and enjoy.

Are there any limits to stay in my own villa ?

• No. You and Family and Friends may stay at your own villa during of your holiday period, but there is impact of your revenue as an owner.

Is financing available for foreigners in Indonesia ?

• Indonesian banks will not lend to foreigners against properties in Indonesia, hoowever check with your financial institution in your country of origin regarding your ability to do so outside of Indonesia.

Can the Villa be put under a foreign owned company ?

• The title can be under an Offshore Company based in Indonesia, if structured properly this is the most common practice for managing taxes resulting from capital gains on the Villa.

If I do not have a Foreign Company already set up, is it easy to do so ?

• There are may different avenues for setting up a Foreign Company; you should consult your legal counsel for the appropriate method of doing this. If you do not have legal counsel, Eddy Nyoman Winarta, SH. is qualified to facilitate this on your behalf.

Why do you use Eddy Nyoman Winarta, SH ?

• Eddy Nyoman Winarta, SH. is one of the most reputable public notaries in Bali. He is an expert in handling all the real estate transaction such as, villa development contracts and agreements.
• As most of our purchasers are foreigners, many based in or around Bali it makes sense to use a well respected and well known public notary in Bali. Eddy Nyoman Winarta, SH. will facilitate the entire legal process and provide purchasers with access to due diligence as well as legal opinions.

Can I get my own lawyers to check the contracts ?

• Absolutely, the contracts are straightforward, and Eddy Nyoman Winarta, SH. is happy to review all items with the purchaser; we actively suggest that you also seek advice from your own independent legal counsel.

Operation Management

CK Villas Five Star Services provided by Bali Property villa management with years experiences in handling hotel operations and hospitality Industry.

• 24 hours on site Management Service: Reception, House keeping, Private butler ( room service )
• 24 hours Security for both the Development and your Villa
• 24 hours maintenance services
• Chauffeur Service
• Spa therapist at our inhouse spa
• Restaurant, open for public and serve international menu