PLEASE READ : As Agents and Brokers , Penida Lifestyle Investments, act in the best interest between land owners and Investors, in both sale and lease of land. We adhere to the Government and local laws, customs and traditions, with dignity and respect. Processes and procedures may not be the same as Investors own country. We do our best, with our step by step guide to help you navigate and gain and understanding of the Indonesian system. Please note foreign Investors may not 'buy' freehold land, However may downgrade Freehold land to HGB (Permission top build) Investors must create a PT PMA Investor company. Th Company may then apply for a downgrade of Free hold land to HGB. HGB is max 80 years in three terms 30, 20 plus 20 years Our legal team can assist you every step of the way. PMA Companys are legally obliged to report tax / or zero through a tax agent each month. You are required to have a local Indonesian bank account (we can assist you with this also). Our team are here to give you all the information and contacts you need step by step to keep the process as smooth and simple as is possible . NB: Penida Lifestyle Investments are Real Estate & Brokers. We are not legal advice, therefore you may choose to use our recommended English speaking Notary services and legal team, Tax Accountant. And / or seek your own independent Notary and Legal team. We are in no way responsible for your Company, Building (s) Tax reporting or anything further than the original Real Estate and Broking Services. Land which is bought by a Company is subject to Gov tax. Land certificate splits are to the cost of the Investor. If required, any downgrading and re-zoning fees are to the cost of the Company, not the land owner. Downgrading and re-zoning are individual to each land and title, and can be discussed with Penida Lifestyle Investments and further legal advice via our or your own Notary as this is dependant of the zone) A full Due Diligence is required for any Freehold or Leasehold at the Investors / Companys expense. Penida Lifestyle will not complete any lease or leasehold without Due Diligence to uphold their legal position and thorough reputation. We invite you to make an appointment for a full consultation through our 'Book our services' or email us penidalifestyle@gmail.com
