The property acquisition process in Bali follows a structured legal and administrative framework. While individual transactions may vary depending on ownership structure and project specifics, the steps below outline a typical process for foreign buyers.
1. Initial Review and Project Selection
Foreign buyers typically begin by reviewing available residential projects and understanding applicable ownership structures and legal frameworks.
2. Property Visits and Evaluation
Projects may be visited on site to assess location, design, specifications, and intended use.
3. Legal Due Diligence
Prior to any binding commitment, a legal due diligence process is conducted to review project documentation, land rights, permits, and contractual structures, usually involving a licensed notary and legal advisors.
4. Reservation and Deposit
A reservation agreement or memorandum of understanding may be signed to temporarily secure a selected unit through a deposit for a defined period.
5. Ownership Structure Setup (if applicable)
Depending on the chosen ownership format, a local company structure (such as a PT PMA) may be established in accordance with Indonesian regulations.
6. Bank Account Setup
A local bank account is typically required to facilitate payments related to the property transaction and ongoing operations.
7. Sale and Purchase Agreement
The main sale and purchase agreement (PJB or PPJB) is prepared, reviewed, and executed before a notary in accordance with Indonesian legal requirements.
8. Registration of Ownership or Lease Rights
Relevant ownership or lease rights are formally registered with the Land Office and recorded in official documentation.
9. Final Payment and Handover
Upon completion of contractual obligations, final payment is made and the property is formally handed over to the buyer together with the applicable documentation.
10. Post-Completion Operation
Following handover, properties may be used for private residence, rental operation, or long-term holding, depending on the project structure and ownership objectives.
Important Note
Transaction costs, timelines, and procedural requirements may vary depending on project structure, ownership format, and regulatory conditions at the time of purchase. Buyers should rely on project-specific documentation and independent legal advice when completing a transaction.
Please download Company Overview and Project Portfolio.