The Asian Infrastructure Investment Bank (AIIB) has approved its first stand-alone operation in Indonesia and its first tourism-related infrastructure investment in Lombok.
Is now the time to invest in Bali’s Creative Economy?
Bali is often described as a tropical island paradise and regularly wins awards as one of the world’s most popular tourist destinations but now it is also getting a reputation for being heaven for digital entrepreneurs.
Bali's economy has been experiencing positive growth through much of 2018, despite natural disasters in neighbouring Lombok, and construction is leading the way.
Real estate in Bali can be a very confusing business and real estate agents can add to and compound these confusions with misconceptions and rumours and gossip and a lack of understanding of what their jobs are really supposed to be.
With tourism trends of eco-friendly and sustainability in the spotlight, the Indonesian government targets increasing the share of renewable energy to 23% by 2025.
Real Estate in Bali - Ownership Structures for Expats
The nominee structure for foreign ownership of freehold land and property in Indonesia is essentially illegal as Indonesian law clearly states only Indonesian nationals can own freehold titles. There are, however, legal alternatives and ownership structures that don't include 'nominees'.
The general enforcement of zoning regulations is better now than in the past but that doesn’t help those areas that have already been overbuilt like Seminyak. There is hope, however for places further out like Canggu.
