Local agent specialized Land For Sale In Sumbawa
We are a local agent based in Sumbawa, provide local experience, updated list, and urgent sale feeds.
Offer you the best price on the market as our vision to support Tourism Development in Sumbawa.
Our responsibility to ensure the clients understand the process, protected all of the ways during the transaction with commendable notaries in Sumbawa.
We also work as a property investment specializing in Sumbawa Land For Sale, Sumbawa property for sale, Kertasari land for sale, sekongkang hill and beachfront for sale.
The Best Investment in Sumbawa
Sumbawa Land is located in sunny West Nusa Tenggara in Indonesia and is separated from neighboring Lombok by the Strait of Alas. It is separated from Komodo Island by the Sape Strait and has the Indian Ocean on its south side and the Flores Sea on the north. Sumbawa is the largest island in West Nusa Tenggara and is blessed with an array of spectacular scenery including its turquoise waters and white sandy beaches. Anyone who likes diving or snorkeling won’t leave disappointed. It is also one of the hidden gems of the Indonesian surf scene, if you are looking for a place to bring your board then look no further than Sumbawa. The government of Sumbawa announced to prioritize tourism development and would make Sumbawa be an upcoming destination with a lot of opportunities in the future.
How To reach Sumbawa?
How to buy land in sumbawa?
If you’re thinking of purchasing a particular piece of Sumbawa Land or Sumbawa Property, congratulations. You couldn’t have picked a more beautiful location in which to live. Although non-natives may find some things about buying Indonesia real estate to be different from what they are used to, that should not stop them from acquiring the paradise in sumbawa. please continue reading..
Question: how can i own the property if its not possible to hold the title?
For the non-native individual who discovers an attractive piece of Sumbawa land or sumbawa property, there are three options: collaborate with a nominee, enter into a leasehold transaction or purchase the property in the name of a Penanaman Modal Asing, or PMA.
What is Nominee?
The nominee can be a native Indonesian individual or a limited-liability Perseroan Terbatas company. Either of these entities can hold title to the property under a legal agreement and subsequently sign over full rights to the purchaser through a power of attorney.
What are the purchaser Right when partnering with a nominee?
Once a nominee has transferred title of the sumbawa property to the purchaser through power of attorney, the owner will gain beneficial rights to the land that allow him to build on it, lease it, sell it or transfer it to a relative. This holds true for all Indonesia real estate.
What is Leasehold?
A leasehold is a means by which the investor can lease a piece of Indonesia land or land in Sumbawa, No partnership will be necessary to do this and the lease never actually owns the property, and when the lease is up, control will pass back to the lessor.
What is PMA (Foreign Investment Company)?
A PMA is the Indonesian term for a company that is fully owned by a non-native investor. Under the terms of the Indonesian Foreign Investment Programme, such a company can purchase and hold title to a piece of Indonesia property for 25 to 30 years (HGB). At the end of that time, if the company wishes to retain control of the real estate, it must apply to the government for an extension of the license.
Is Partnership necessary to setting up PMA?
No. Under Indonesian law, a foreigner hoping to purchase land in sumbawa (beachfront or hill,house/villa etc) can set up a PMA on his own.
What are the steps to take in setting up PMA?
The buyer who hopes to purchase Indonesia or land in Sumbawa by setting up a PMA will need to:
– Submit a business plan (accomodatio business).
– Demonstrate that the business will create jobs, bring in foreign skills and benefit the environment.
– Deposit an appropriate amount of cash in an Indonesian bank.
– Declare the Sumbawa property and partner as a company asset.
How Long it takes to setting up PMA?
Setting up a PMA will take between three and four months.
The mission always ensure that you feel 100% confident in your investment at all times and help Sumbawa Sumbawa Develop Further , We try the best to fulfill the mission as local with our strong connection with the government and other stakeholder.
do not hesitate to ask us any futher information !