invest-islands.com

No buy land as Company, is a bad use of law and you can loose your investment

I wanna give advice about the best option for having land in Indonesia by foreigners. I can not say that Invest-Islands is a scam, because not take your money for nothing, but they are cheating telling you that the best option to have land in Indonesia is making a company PMA... and this is what happens;Make a company in Indonesia for foreigners give you RIGHTS for rent land, that´s all. The main reason to make company is to do business, pay tax, have workers... and is not take advantage of the rights, this is the wrong use of the law and maybe today law is flexible, but who knows if tomorrow Indonesian law will realize of the tricky advice for own land from Invest-Islands and you lose the rights of your land.You don´t need to listen to me, just do your homework before doing this option, check in Real Estate companies in Bali, as houses and land are just rented for expats, for 25 years, which is the only way to own land by expats in Indonesia. Don´t be so arrogant and try to use the Indonesia Agrarian law in bad use, could fail and you could loose your investment. Again... do your homework, ask a notary in Jakarta about the best option and about the tricky use of the law.If you wanna make a hotel, yes, Invest-Island can help you to find land, but this "Landbanking" that they promote... is not the best option for your interest. The PMA rights to own land to a company have some issues as you have to build before 3 years in the land and pay tax, and have business in that land, do all the tax accounting, etc and have profits, workers, etc... not as easy as seems. You need to do administration and accounting, if no income and tax... you are using in the wrong way the law... very risk for your investment. Law is flexible today, who knows tomorrow.In June 2021 the law for PMA (foreign company in Indonesia) changed, the deposit to prove to make a company was 170.000$ to 724.000$. Maybe next month the PMA needs to have a minimum of 10workers, or make income per year for 100.000$... the law is changing and have a company give you some rights that could change tomorrow, and more responsibilities that could change tomorrowDo your homework, please. Lease is the real and fair way to use the law

Date of experience: Jun 23, 2021