OCEAN FRONT AND OCEAN VIEW TOURISM ZONE LAND IN SUMBAWA

Step-by-Step Guide to Buying Land in Sumbawa

Buying land In Sumbawa is very exciting. However, you must follow the correct legal rules. First you need a solid plan. Therefore, we have created this simple guide. Follow these easy steps to secure your dream land and accommodation plan in tourism area.

Step 1: PT PMA Incorporation (Corporate Setup)

First, you need a safe foundation for your investment. Therefore, you must set up a Foreign Direct Investment company. This is called a PT PMA. Interestingly, this structure allows up to 100% foreign ownership. Next, you must include at least two different owners. As a result, your company will be fully legal. Afterward, you must register the business online. You will use the Online Single Submission (OSS) system. Then, you will receive a Business Identification Number (NIB). if you are too busy to do it your self , We available to help to set up your PT PMA or Foreign Investment Company only IDR 20 Million.

Step 2: Legal Checking and Due Diligence

Secondly, you must check the legal status of the land. Before you spend any money, we verify all documents. Consequently, this prevents any legal trouble later. Furthermore, you should work with a trusted local lawyer. They will carefully inspect the property. For example, they make sure there are no arguments over the land. Additionally, they check the local zoning rules. In short, this step ensures the land is totally safe to buy.

Step 3: Title Conversion (Hak Milik to HGB)

Third, you must convert the land title. Indonesian law clearly states that foreigners cannot own Freehold land directly. Therefore, the property title must be changed. Initially, the original owner gives their Freehold title back to the state. Afterward, the government creates a new title. This new title is called a Right to Build (HGB). Then, the land agency issues this HGB title to your new PT PMA company. As a result, the land is legally registered under your corporate name. Most importantly, you can extend and renew this title for up to 80 years.

Step 4: Signing the Sale and Purchase Deed (AJB)

After that, the formal buying process begins. Once the title is ready, both parties must sign a contract. This document is the Sale and Purchase Deed (AJB). Specifically, you sign this paper in front of a licensed official. In Indonesia, this person is known as a PPAT. Furthermore, you must pay all required taxes during this step. For instance, the seller pays the required income tax. Meanwhile, the buyer pays a land acquisition tax. Thus, all tax rules are fully respected.

Step 5: Final Registration and Completion

Finally, you reach the last administrative step. This step gives your company full control over the land. First, the licensed official submits your deed to the Land Office (BPN). Next, the BPN officially records your PT PMA as the legal owner. Subsequently, you receive the physical HGB land certificate. Now, the property is safely under your company name. Ultimately, you have completed a fully legal and secure real estate deal.

Start Your Investment Journey Now

Start your investment journey today. Our legal team is ready to help you. In fact, we actively manage every step to keep your money safe. Therefore, please contact our expert consultants via WhatsApp. Simply tap or click the link on this number: +62 818 0888 8758. Additionally, we can arrange direct pricing reviews. We also offer corporate meetings and private land tours. Let us help you succeed.