Chidi, I am so proud of you for such a young person taking that big leap into another world. Thanks for sharing your beautiful home with me, blessing and honor.
Not mentioned in the video is an important personal tax consideration before you buy in Bali if you plan to live there. Indonesia taxes worldwide income and you don't need to have much income before you are in the 30% tax bracket. There are lots of countries with tax treaties with Indonesia, so it is good to know what tax liability you will create with Indonesia based on your income in your home country. For example, if you are a digital worker you'll need a work visa in Indonesia. Then if a client or an employer in another country pays you anything, Indonesia will take 30% of that earnings. Same if you have a pension in another country or capital gains when you sell your home there or collect rents, etc. It would be a shame to get deported and your assets seized for back taxes. This video only covers buying property, but that is just scratching the surface of all the things you need to consider.
@@aayushmanbandhu8827 As long as you don’t stay in Indonesia more than 182 days a year and you don’t have a residency visa, you are only taxed by Indonesia on Indonesian income.
Just remember there are two ways to extend a leasehold property: 1) you set up a PT/PMA and the government owns the land and allows you to lease it for 30 years + 20 extension and + 30 renewal for a total of 80 years. The fees for those extensions are reasonable but they are based on a law that may change and 2) a leasehold agreement with a local owner who owns the land SHM and leases it to you for 30 years. If you are granted an extension most of these owners will ask you to pay the then market rate for the property (or at least the land portion) or you will need to leave the property. This distinction is not clearly made in the video 🙏🏻
I always dreamed of owning property in a foreign country and watching your journey has been truly inspiring. Thanks for sharing. Your home is truly beautiful. Planning a small retreat to Bali in 2023, really excited to see what Bali has to offer.
Foreigner cannot own land. Thats the regulation. Just in term of rent mechanism foreigner able to use. Dont trust any video that mention foreigner can own land in Bali. Just report and block it, it is scam
Excellent video. We are Australian and have recently invested in building a villa just outside of Canggu. We are excited about our project and excited to semi retire in Bali in a few more years. The cost of living in Australiz now is stressful, I can't see it getting better an time soon either.
this is by far the best informative video on investing outside the USA that I have seen thus far. I’m considering the move now for sure, Thank-you for sharing!
Can I just say I’m very proud of you I always wanted to visit since I was 24, but not I’m definitely moving there. I’ve given me so big goals to accomplish right now Learning the language. Bless you sis
That's what I'm thinking too, if I spent so much in a house, I want my kids to own it at the end. If the contract is not renewed then your house is gone. 25 or 30 is short term for me. I love Bali but this idea is not for me
right, i’ll still visit but this won’t be a goal/ milestone for me any more. i wanna be able to own and pass it on to my kids or a family member. building a $500 thousand+ house that you’ll a basically never own is insane to me. this is only feasible for the rich.
Upfront cash is what it means. So if its a 400K project you pay everything upfront. Then after a year or so, you generate income to make your money back and become profitable later on.
@@jacqueslabbe8196 Hi thanks for the feedback. I understand that. I was asking to see about other monthly expenses (i.e. property taxes, if any, utilities, etc.).
This is a excellent and very informative interview Chidi. You asked great questions. Thank you for sharing that information.🤗 Oh, I'm a new subscriber by the way.
Hi Chidi, just wanted to know why you chose to property invest in Bali and not Jamaxia, Thailand or Seychelles? what is so special bout Bali that made you want to invest there specifically?
Very good video - Key thing to know that this is an endeavor that is going to likely require all cash upfront.- info which comes at the very end of the video.
EDIT: Her build was over 400k. He said 250k budget, which is for two bedroom properties… and I guess the price could change if it is lease or freehold.
I would take this advice with a grain is salt, you cannot own land in Indonesia you can rent or lease even a pma can only lease and if the company has not payed up the millions to invest the government can close you down and you end up with nothing.
@@AlyssaAllen.a No it's not. They clearly said that a PMA company can buy "freehold land" (i.e. Hak Milik title) and that's not true and has never been true. Many foreigners have been duped into creating fake PMA companies and then given a fake land title but - as Anthony said - when the government finds out (usually the land owner tells them) then the foreigner gets jailed/deported with nothing and the landowner gets a free house. Also everything that they said about leasing is wrong. A lease is simply a long term rental agreement where the lessee does not "own the land", has no rights to build a house on the land and has no right to "sell it to someone else and make a profit". There is also no legal protection as leasing is not covered by the Agrarian suite of laws that govern property ownership and transfer - it's simply a civil contract and there's no regulatory rule for lease terms; they are purely contractual matters.
Great video. One thing to consider is how investors’ wealth can negatively affect the indigenous people who call Bali their birth home. I live in Hawaii and we have faced the largest inflation boom in decades. The average single family home is 1 million dollars. Working professionals, even with medical degrees or business owners, are finding it very difficult to own. In the short run everyone is happy, making money, business is booming, but as you gentrify a rural civilization the people who’ve lived there either learn a new trade to keep up with the inflation or discover their skill is now considered obsolete and are forced to lower their living standards. Look into the real Hawaii, see how the economy has been negatively affected and how middle class has become pushed out of the buyers market. Realize with increased migration you’ll be pushing the locals out of their homes. In the long run people of Bali will reflect on what their ancestors once had will be lost. Culture, traditions, ways of life will be changed forever.
I’m a U.S. citizen/ fellow NYU alum who has been living in Indonesia for 20+ years…Love your videos and amazing original/ authentic property in Bali! But one clarification about land ownership in Bali by foreigners: your guest is correct that foreigners can’t own land ‘hak milik/ freehold’ … but he’s wrong that by setting up a PT/PMA you can own land freehold . This use/ purchase agreement is called Hak Guna Bangunan (HGB) and means that you have a ‘right to use /develop’ the land for 30 years with a 20 year extension and 30 year renewal option- but the government still owns the land during that period of 30+ 20 + 30 ;and most important since this new law was passed in 2021/22 it could be subject to change in the future so there is risk involved for the extension. While it’s still a better option than a straight leasehold where an Indonesian local owns the property freehold and you are simply leasing for 30 years and then if you want to extend you need to re-purchase the land at the new market rate. This is a big misperception in the Indonesian property market and it’s something to be aware of as there are now thousands of cases in Balinese courts between locals and foreigners who didn’t understand these distinctions 🙏🏻
Thanks for the great video! Can I ask if a property is in a yellow / residential zone, is there a way for us to rent it out on airbnb for daily rental legally?
Thank you, very interesting and well explained! At the end of 25 or 30 years of a leasehold, how much do I have to pay to renew? A fixed amount or percentage or do I have to haggle like at the beginning? Many thanks.
If it’s a leasehold where a local Indonesian owns the property it’s usually buying the land again at the new rate/ value of the land- which can easily be 2-3x what you paid for the first term. Most people aren’t aware of this.
Great via n info .. thx so much. The one concern I have heard .. n I don't know if its legit btw .. is if you buy a leasehold property or land, and the person who owns the property/land passes away, then your lease is null n void. Is this for real?
Property leases come under Book 3 of the Indonesian Civil Code which, in Article 1575, states "A lease agreement does not become (null and void/expire) upon the death of either the lessor or lessee." However the lease agreement, for which there is no pre-determined format, would need to be very clear about what happens in either eventuality as the Civil Code is silent on that issue.
There are many informal rule applies when the person dies, it will goes straighly to their kids and they have spesific calculation on how to divide that, but this is based on culture and religion. So it is possible when the lease ended and the owner passed away, their kid will take back the land.
The Indonesians people are pretty smart. If you think about it. They let you built the country for them. First, You don't really own anything out right. Remember you leasing the land to built . The land owner can decide not to renew your lease in a house you spent 500k to 700k to build. That being said, the company can ran out of business or land leaser can die and their children say no more. Then what? You gonna lose that house, unfortunately you can't take it anywhere with you even after 50 years of contract. Good luck, the house you built will be theirs at the end.
This is the only thing I have issues with. As a Jamaican we like to own everything we invest in. I would love for her future kids/family to be able to own the property and build generational wealth. She is very smart and I'm sure she will pursue future legal advice about this investment.
That's what I'm thinking too, if I spent so much in a house, I want my kids to gown it at the end. If the contract is not renewed then your house is gone. 25 or 30 is short term for me. I love Bali but this idea is not for me.
Just curious, are ALL homes called VILLAS or is this different from regular homes. I'm interested in buying a home to live year round, I suppose like you did . I want something very simple with more wood instead of concrete and granite:). Thank you🙏🏻🇨🇦💜
@@Chidi_Ashley holy crap 2 companies that's 👌🔥 do you have a video on how you started or how long it took you and how hard is it running both at the same time 🤔
Remember when I said I was gonna work with you one day? Probably not.. Well…….. it’s coming along. I’m excited. I’ll be stepping to you real soon divine. Great video btw 🖤🌹
New subscriber here Chidi Ashley. Definitely interested in visiting Indonesia. I have some business propositions in mind to discuss with you when I eventually visit the country.
Am I able to put my Indonesian business under my U.S. trust? if I wanted to build my property and something happens to me within 3 years how can I make sure my daughter is able to continue on with the remaining years
Depending on the type of Trust you have it might be an issue. Remember as a foreigner will never own the land you ‘buy’ in Indonesia. It’s either a right to use or develop (hak guna bangunan, HGB) or it’s a straight leasehold. But both have an expiration date on the lease…
This is very informative and made my decision stronger to not build a house in Indonesia. Very risky .. ps: there is a video about a English couple who try to sale there house in Bali and the owner of the land reject it.. you can check out the video on “The Monkeys” Chanel.
the couple you are referring to decided to use a nominee, an Indonesien citizen to buy the land on their behalf. This is illegal and the nominee is the legal owner of that land. Just pointing out the difference here with regard to this video.
@@geedee3817 Actually there is probably no difference because it's illegal under both the Basic Agrarian Laws and Presidential Regulation no.18 of 2021 for a foreigner to either lease empty land or to build a house on it (even a PT PMA company can only do so if they have a 'Right to Build' title - Hak Guna Bangunan) and neither can ever have freehold title - contrary to the nonsense stated in the video - so the only way a foreigner can do what they are advocating by way of leasing (which is simply a long term rental) is through one or more illegal nominee agreements just like the Monkeys' friend.
Hi there. I'm so happy to have found you. Your videos are an inspiration to thousands I'm sure. Do you have an email address where your fans can contact you?
Long term inflation is reducing tourists purchasing land, etc anywhere in the world right now (March 2023). Or the number of ppl buying big purchases have reduced quite a bit since the time you produced this vlog.
GUYS please listen, you CANT (AND I HOPE WILL NEVER BE ABLE) To purchase and own land in Indonesia, you can buy under other people's name, or marry a local and buy land under her/his name. When you rent land from local, please be mindful that the locals understand what it is so they have the same perspective as you, please be fair and also be careful. This law is in the grey area and they are talking about the "trick", you might end up with no property at all, and please remember the land is belong to a family who might have their own culture based rule that you dont understand. I feel this content oversimplify the govt regulation..
Good point that this video overlooks. An investor may follow all the laws and do everything properly, but if you do not respect the local culture or run afoul of important locals they can make your life miserable and there is little recourse. Before you invest, introduce yourself to local leaders and get their blessing. You may also be expected to "contribute to the community" so budget for that too. How much this matters depends on where you locate.
So racist you ar...need medical cares...My friend ,if the local people what to give his land/property for other to take care for end of life,what is you problem or government problem,it is my property and i will rent legally under a lawyer documents to whom I want and when I want, if your government is more backward or more rigid they want the mainlanders not to buy what they actually buy and have properties all over Indonesia, they will steal you mercilessly, after a lifetime of taxes, neither at least they won't give you a bitter pension, but the bureaucrats from the government, the army, the police or any state institution, they benefit... but you who pay taxes, why don't you benefit, why do you agree, why do you agree that only they and their families will be well.... Your comment is a bit bad!
I almost furious with your vidio and thinking about to sue our goverment lol, gladly it still following the rule, yea its for protecting us the local, i am also working as personal assistant for foreign CEO so i’m very familiar with the rule Wellcome home to Indonesia beautiful lady
And.... I have no idea where I'll be 20-30 yrs, let alone tomorrow so leasehold is a mort-gage( death pledge), it's what keeps people killing themselves trying to pay off something that they'll never OWN....because all mortgages are fraudulent you are " always" a tenant in the home... this is another part of the fraud. Much more to say but not here, too long.😊🙏🏻
Can you PLEASE donate to African nyako in Uganda for the chn in schools for benches, breakfast/ lunch, books, pens…they truly NEED assistance( view her video …African nyako)
Um hai guys.. If you interest for buying a villa with ocean view at Lombok Nusa tenggara Timur, indonesia... Pls contact me! I want sell a property for investment :) thankyou
Chidi, I am so proud of you for such a young person taking that big leap into another world. Thanks for sharing your beautiful home with me, blessing and honor.
Not mentioned in the video is an important personal tax consideration before you buy in Bali if you plan to live there. Indonesia taxes worldwide income and you don't need to have much income before you are in the 30% tax bracket. There are lots of countries with tax treaties with Indonesia, so it is good to know what tax liability you will create with Indonesia based on your income in your home country. For example, if you are a digital worker you'll need a work visa in Indonesia. Then if a client or an employer in another country pays you anything, Indonesia will take 30% of that earnings. Same if you have a pension in another country or capital gains when you sell your home there or collect rents, etc. It would be a shame to get deported and your assets seized for back taxes.
This video only covers buying property, but that is just scratching the surface of all the things you need to consider.
YEP!
Is this things also on a foreigner who is investing on the property and staying out of country?
@@aayushmanbandhu8827 As long as you don’t stay in Indonesia more than 182 days a year and you don’t have a residency visa, you are only taxed by Indonesia on Indonesian income.
@@donaldhanson8990 ok thanks a lot
IF YOU ARE buying a leasehold property not being a resident how much tax do you have to pay at the time of the purchase?
You answered my biggest question about investing in Bali regarding the process of extending the lease-hold. Thank you for the fantastic video!
Just remember there are two ways to extend a leasehold property: 1) you set up a PT/PMA and the government owns the land and allows you to lease it for 30 years + 20 extension and + 30 renewal for a total of 80 years. The fees for those extensions are reasonable but they are based on a law that may change and 2) a leasehold agreement with a local owner who owns the land SHM and leases it to you for 30 years. If you are granted an extension most of these owners will ask you to pay the then market rate for the property (or at least the land portion) or you will need to leave the property. This distinction is not clearly made in the video 🙏🏻
I always dreamed of owning property in a foreign country and watching your journey has been truly inspiring. Thanks for sharing. Your home is truly beautiful. Planning a small retreat to Bali in 2023, really excited to see what Bali has to offer.
You CANT own our land.
Foreigner cannot own land. Thats the regulation. Just in term of rent mechanism foreigner able to use. Dont trust any video that mention foreigner can own land in Bali. Just report and block it, it is scam
@@yunichairani2117 norak lu tong
Excellent video. We are Australian and have recently invested in building a villa just outside of Canggu. We are excited about our project and excited to semi retire in Bali in a few more years. The cost of living in Australiz now is stressful, I can't see it getting better an time soon either.
this is by far the best informative video on investing outside the USA that I have seen thus far. I’m considering the move now for sure, Thank-you for sharing!
Can I just say I’m very proud of you I always wanted to visit since I was 24, but not I’m definitely moving there. I’ve given me so big goals to accomplish right now Learning the language. Bless you sis
She is so mature for her age. ❤️
That's what I'm thinking too, if I spent so much in a house, I want my kids to own it at the end. If the contract is not renewed then your house is gone. 25 or 30 is short term for me. I love Bali but this idea is not for me
Interesting 🤔 but if u did wanted to do it what would be your way of income
Finally i find this rationale comment. This contentnis too oversimplified the law
right, i’ll still visit but this won’t be a goal/ milestone for me any more. i wanna be able to own and pass it on to my kids or a family member. building a $500 thousand+ house that you’ll a basically never own is insane to me. this is only feasible for the rich.
I don't want foreigners come in my country and buy our land, our land is only for our people not for foreigners,
@@stupidlog9795 don’t nobody want y’all land!
Since there isn’t a mortgage, what and how much are your monthly/annual expenses (i.e., taxes, homeowner’s insurance, public works, etc)?
Exactly
Upfront cash is what it means. So if its a 400K project you pay everything upfront. Then after a year or so, you generate income to make your money back and become profitable later on.
@@jacqueslabbe8196 Hi thanks for the feedback. I understand that. I was asking to see about other monthly expenses (i.e. property taxes, if any, utilities, etc.).
@@illustratedbySade You need to do the process if you’re gonna do it. Everything is variable depending on your project.
This is a excellent and very informative interview Chidi. You asked great questions. Thank you for sharing that information.🤗 Oh, I'm a new subscriber by the way.
This is an amazing video I’ve been thinking about investing in Bali for a while and possibly moving there I’m so excited to use this info
What would u do for income
Great info! Thanks sis I’m definitely taking notes. Planning on visiting soon and potentially investing 💙
Thank you for this video! This is a gem!!
Hi Chidi, just wanted to know why you chose to property invest in Bali and not Jamaxia, Thailand or Seychelles? what is so special bout Bali that made you want to invest there specifically?
Sorry just wanting to clarify, you can lease land and then build on it? And leasing you land you like rent it/ray a yearly fee etc?
Very good video - Key thing to know that this is an endeavor that is going to likely require all cash upfront.- info which comes at the very end of the video.
Umalas is the perfect area actually because it's close to Berawa/Canggu, Seminyak, Denpasar, also it's quieter and Residencial area.
EDIT: Her build was over 400k. He said 250k budget, which is for two bedroom properties… and I guess the price could change if it is lease or freehold.
I would take this advice with a grain is salt, you cannot own land in Indonesia you can rent or lease even a pma can only lease and if the company has not payed up the millions to invest the government can close you down and you end up with nothing.
Sounds exactly like what they just said
@@AlyssaAllen.a No it's not. They clearly said that a PMA company can buy "freehold land" (i.e. Hak Milik title) and that's not true and has never been true. Many foreigners have been duped into creating fake PMA companies and then given a fake land title but - as Anthony said - when the government finds out (usually the land owner tells them) then the foreigner gets jailed/deported with nothing and the landowner gets a free house.
Also everything that they said about leasing is wrong. A lease is simply a long term rental agreement where the lessee does not "own the land", has no rights to build a house on the land and has no right to "sell it to someone else and make a profit".
There is also no legal protection as leasing is not covered by the Agrarian suite of laws that govern property ownership and transfer - it's simply a civil contract and there's no regulatory rule for lease terms; they are purely contractual matters.
@@karni6042 Thanks for clarifying
And don’t forget you do need a resident visa to lease. Anyone will take your money just ask a Bali realestate agent
@@anthonyhunt561 how long do you have to stay there to get a residents visa?
THANKS FOR THIS VIDEO! SO HELPFUL!
Great video. One thing to consider is how investors’ wealth can negatively affect the indigenous people who call Bali their birth home. I live in Hawaii and we have faced the largest inflation boom in decades. The average single family home is 1 million dollars. Working professionals, even with medical degrees or business owners, are finding it very difficult to own. In the short run everyone is happy, making money, business is booming, but as you gentrify a rural civilization the people who’ve lived there either learn a new trade to keep up with the inflation or discover their skill is now considered obsolete and are forced to lower their living standards. Look into the real Hawaii, see how the economy has been negatively affected and how middle class has become pushed out of the buyers market. Realize with increased migration you’ll be pushing the locals out of their homes. In the long run people of Bali will reflect on what their ancestors once had will be lost. Culture, traditions, ways of life will be changed forever.
Chidi, what process did you use when you built your villa?
IF YOU ARE buying a leasehold property not being a resident how much tax do you have to pay at the time of the purchase?
I’m a U.S. citizen/ fellow NYU alum who has been living in Indonesia for 20+ years…Love your videos and amazing original/ authentic property in Bali! But one clarification about land ownership in Bali by foreigners: your guest is correct that foreigners can’t own land ‘hak milik/ freehold’ … but he’s wrong that by setting up a PT/PMA you can own land freehold . This use/ purchase agreement is called Hak Guna Bangunan (HGB) and means that you have a ‘right to use /develop’ the land for 30 years with a 20 year extension and 30 year renewal option- but the government still owns the land during that period of 30+ 20 + 30 ;and most important since this new law was passed in 2021/22 it could be subject to change in the future so there is risk involved for the extension. While it’s still a better option than a straight leasehold where an Indonesian local owns the property freehold and you are simply leasing for 30 years and then if you want to extend you need to re-purchase the land at the new market rate. This is a big misperception in the Indonesian property market and it’s something to be aware of as there are now thousands of cases in Balinese courts between locals and foreigners who didn’t understand these distinctions 🙏🏻
Thank you so much for the information. I now understand why leasehold works for foreigners in Bali.
I just wanna say you have good taste… respect…
Thanks for the great video! Can I ask if a property is in a yellow / residential zone, is there a way for us to rent it out on airbnb for daily rental legally?
It has to be in the pink or Parawisata zone to be able to rent it out formally.
Super informative video for potential investors. Do the same laws also apply on Lombok?
Yes Lombok is part of Indonesia so the law applies there
very informative video kindly let me know can we buy the apartment in jakarta at my own name or other cities
To build a house like that in your home country is more better . Maybe the second one you will build in home country please
Thank you, very interesting and well explained! At the end of 25 or 30 years of a leasehold, how much do I have to pay to renew? A fixed amount or percentage or do I have to haggle like at the beginning? Many thanks.
You haggle and hope they want to renew the lease
@@anthonyhunt561 Thanks a lot 🙏!
If it’s a leasehold where a local Indonesian owns the property it’s usually buying the land again at the new rate/ value of the land- which can easily be 2-3x what you paid for the first term. Most people aren’t aware of this.
Thanks a lot Ashley and that entrepreneur
I want to build a house like this in my home country Senegal currently living in USA I wanna copy the same style as you. 🥰😍😍
Tout à fait possible ! yallah meune nako.
@@RamaHealthBeauty amen amen inshallah 🥰🥰 merci.
Do it. I'm almost done in congo.
Great via n info .. thx so much. The one concern I have heard .. n I don't know if its legit btw .. is if you buy a leasehold property or land, and the person who owns the property/land passes away, then your lease is null n void. Is this for real?
Good question 🤔🤔
Property leases come under Book 3 of the Indonesian Civil Code which, in Article 1575, states "A lease agreement does not become (null and void/expire) upon the death of either the lessor or lessee."
However the lease agreement, for which there is no pre-determined format, would need to be very clear about what happens in either eventuality as the Civil Code is silent on that issue.
@@albannach6900 many thx for the info 👍 greatly appreciated 😎
There are many informal rule applies when the person dies, it will goes straighly to their kids and they have spesific calculation on how to divide that, but this is based on culture and religion. So it is possible when the lease ended and the owner passed away, their kid will take back the land.
Great video, Beautiful home...
Wow, wow, wow ♥️ I could watch this video over and over. I am in such Awe.
Very informative vídeo ,thanks Chidi you always deliver 👍🏽👍🏽
What if you are not building and you want to lease a place for 25 years. What is the down payment to take over a lease.
Lol I LIKE HE FUNNY AND SO OPEN AND JUST A NICE PERSON
Thanks for a very informative video. Loved it
Wow thank you for this video! Such great information 👌
The Indonesians people are pretty smart. If you think about it. They let you built the country for them. First, You don't really own anything out right. Remember you leasing the land to built . The land owner can decide not to renew your lease in a house you spent 500k to 700k to build. That being said, the company can ran out of business or land leaser can die and their children say no more. Then what? You gonna lose that house, unfortunately you can't take it anywhere with you even after 50 years of contract. Good luck, the house you built will be theirs at the end.
This is the only thing I have issues with. As a Jamaican we like to own everything we invest in. I would love for her future kids/family to be able to own the property and build generational wealth. She is very smart and I'm sure she will pursue future legal advice about this investment.
That's what I'm thinking too, if I spent so much in a house, I want my kids to gown it at the end. If the contract is not renewed then your house is gone. 25 or 30 is short term for me. I love Bali but this idea is not for me.
Bad investment! Over 30 yrs.. you can become citizen and own the land.
@@oringo556 Are you saying it's better to become a citizen first and then buy the land?
@@Frenchii91 for sure! Fake marriage for Visa purposes and divorce. Then build / etc! Ofc if your a girl its harder in Asia.
This is great information! Thanks Chidi.
Just curious, are ALL homes called VILLAS or is this different from regular homes. I'm interested in buying a home to live year round, I suppose like you did . I want something very simple with more wood instead of concrete and granite:). Thank you🙏🏻🇨🇦💜
Well, in Bali you can only use teak as wood because of the humidity and insects.
What do you do for income to live in Bali besides TH-cam
TH-cam is not really income for me, I run a luxury travel company called Luxe Tribes and a Software company called Readyhubb 📌
@@Chidi_Ashley holy crap 2 companies that's 👌🔥 do you have a video on how you started or how long it took you and how hard is it running both at the same time 🤔
Cheers to crypto, hoping one day its going to put me into early retirement 😊Bali can't wait 😄
Good stuff...tnxs for sharing....
How many foreigners lost money and had to sell at a loss during this pandemic ?
Can you extend another 30 years upfront?
No
Remember when I said I was gonna work with you one day? Probably not.. Well…….. it’s coming along. I’m excited. I’ll be stepping to you real soon divine. Great video btw 🖤🌹
New subscriber here Chidi Ashley. Definitely interested in visiting Indonesia. I have some business propositions in mind to discuss with you when I eventually visit the country.
What are u doing for living?
So proud of you, Chidi! Are you of Igbo descent?
Am I able to put my Indonesian business under my U.S. trust? if I wanted to build my property and something happens to me within 3 years how can I make sure my daughter is able to continue on with the remaining years
Depending on the type of Trust you have it might be an issue. Remember as a foreigner will never own the land you ‘buy’ in Indonesia. It’s either a right to use or develop (hak guna bangunan, HGB) or it’s a straight leasehold. But both have an expiration date on the lease…
Do you help with visas
This is amazing ❤️
Just wondering if you could post your email to ask you few things about Information Technology in Bali. Thank you.
This is very informative and made my decision stronger to not build a house in Indonesia. Very risky .. ps: there is a video about a English couple who try to sale there house in Bali and the owner of the land reject it.. you can check out the video on “The Monkeys” Chanel.
the couple you are referring to decided to use a nominee, an Indonesien citizen to buy the land on their behalf. This is illegal and the nominee is the legal owner of that land. Just pointing out the difference here with regard to this video.
Damn
@@geedee3817 Actually there is probably no difference because it's illegal under both the Basic Agrarian Laws and Presidential Regulation no.18 of 2021 for a foreigner to either lease empty land or to build a house on it (even a PT PMA company can only do so if they have a 'Right to Build' title - Hak Guna Bangunan) and neither can ever have freehold title - contrary to the nonsense stated in the video - so the only way a foreigner can do what they are advocating by way of leasing (which is simply a long term rental) is through one or more illegal nominee agreements just like the Monkeys' friend.
Hi there. I'm so happy to have found you. Your videos are an inspiration to thousands I'm sure. Do you have an email address where your fans can contact you?
They do that in Africa
Please share your architectural drawings with us.
Chidi do u need an employe? please let me know.. I'm Indonesian
Long term inflation is reducing tourists purchasing land, etc anywhere in the world right now (March 2023). Or the number of ppl buying big purchases have reduced quite a bit since the time you produced this vlog.
GUYS please listen, you CANT (AND I HOPE WILL NEVER BE ABLE) To purchase and own land in Indonesia, you can buy under other people's name, or marry a local and buy land under her/his name. When you rent land from local, please be mindful that the locals understand what it is so they have the same perspective as you, please be fair and also be careful. This law is in the grey area and they are talking about the "trick", you might end up with no property at all, and please remember the land is belong to a family who might have their own culture based rule that you dont understand. I feel this content oversimplify the govt regulation..
What's with the (NEVER BE ABLE?).
Good point that this video overlooks. An investor may follow all the laws and do everything properly, but if you do not respect the local culture or run afoul of important locals they can make your life miserable and there is little recourse. Before you invest, introduce yourself to local leaders and get their blessing. You may also be expected to "contribute to the community" so budget for that too. How much this matters depends on where you locate.
So racist you ar...need medical cares...My friend ,if the local people what to give his land/property for other to take care for end of life,what is you problem or government problem,it is my property and i will rent legally under a lawyer documents to whom I want and when I want, if your government is more backward or more rigid they want the mainlanders not to buy what they actually buy and have properties all over Indonesia, they will steal you mercilessly, after a lifetime of taxes, neither at least they won't give you a bitter pension, but the bureaucrats from the government, the army, the police or any state institution, they benefit... but you who pay taxes, why don't you benefit, why do you agree, why do you agree that only they and their families will be well.... Your comment is a bit bad!
It's a PBG not a PGB ....
I almost furious with your vidio and thinking about to sue our goverment lol, gladly it still following the rule, yea its for protecting us the local, i am also working as personal assistant for foreign CEO so i’m very familiar with the rule
Wellcome home to Indonesia beautiful lady
And.... I have no idea where I'll be 20-30 yrs, let alone tomorrow so leasehold is a mort-gage( death pledge), it's what keeps people killing themselves trying to pay off something that they'll never OWN....because all mortgages are fraudulent you are " always" a tenant in the home... this is another part of the fraud. Much more to say but not here, too long.😊🙏🏻
Can you PLEASE donate to African nyako in Uganda for the chn in schools for benches, breakfast/ lunch, books, pens…they truly NEED assistance( view her video …African nyako)
Um hai guys.. If you interest for buying a villa with ocean view at Lombok Nusa tenggara Timur, indonesia... Pls contact me! I want sell a property for investment :) thankyou
Super helpful thanks guy's for making this video.😊