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Guidelines for Foreigners or Foreign Entity to Own Real Estate Property

Bаlі, Indonesia: This hоlіdау dеѕtіnаtіоn іѕ соnѕіdеrеd to be a іdеаl hоtѕроt fоr honeymoon соuрlеѕ and families to еnјоу and relax when уоu are оn уоur summer vасаtіоnѕ. Did you know it is been voted on fоr 50 hоlіdау dеѕtіnаtіоnѕ аrоund the world for past 3 years? So, such a beautiful place has something to do with investment as well. But beforehand it’s essential to understand Bali Real Estate law. 
Under Agrarian Law, Bali real estate is divided into certain types of lands that are related as follows:
1. Right to Own 
2. Right to Build 
3. Right to Cultivate
4. Right to Use
Right to Own: Any property that can be owned only by Indonesian citizen with limited Indonesia legal entity as determined by the Government of Indonesia.
Right to Build: Properties that can be owned by Indonesian citizen and Indonesia legal entity who is domiciled in Indonesia. One of the best examples that fall under this category is foreign investment company.
Right to Use: The property that fall under this category can be owned by Indonesian or foreigner or Indonesian legal entity or foreign legal entity that has representative in Indonesia. This is the similar case with the holder of the Right to rent as well. 
Besides, anyone who is preparing to buy from the list a property on the real market should set clear and reasonable goals for themselves. The locations and amenities, and prices can resist being swayed by undue eagerness. 
Before beginning any type of real estate investment, spend time to consider all the risks involved. Many people fall in love with the place in a snap and buy something that seems relatively cheap compared to ‘back home’ only to later discover they’ve been ripped off. Instead, take advice from any well reputed real estate for sale realtors or just click to understand the best deal and market trends in Bali. Thanks to Exotiq!

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