FREQUENTLY ASKED QUESTIONS
In Indonesia in general, it is impossible for a foreigner to obtain bank credit.
As part of a Balia acquisition, payment for your property will be made in 4 instalments over a period ranging from 8 to 12 months.
In Indonesia, the right of withdrawal does not exist. However, Balia stipulates in its contract that if the purchaser no longer wishes to continue, Balia reserves the right to keep the ares paid, i.e. 5% for the Villas and 10% for Lofts.
No, however it is easy to process all types of visas.
Yes, our builder guarantees the structure of the buildings and the electrical installations for 10 years. This guarantee does not cover cases of force majeure or natural damage to the buildings. However, it is possible to take out home insurance.
Yes, it is possible to open a bank account without being a resident. The steps are simple and quick, your presence is necessary, you will need a sponsor for this opening. Balia can assist you in this process.
No, it's not mandatory, just preferable. However, rental income can be paid wherever you wish.
Notary fees are 1,5%.
No, when acquiring the property, and Yes, when reselling the property, the seller will have to pay 10% tax on the declared value
No, there is no direct capital gains tax, however when reselling the seller will have to pay 10% of the declared amount.
You have the option of buying back years in 5-year increments, not only at the end of the contract, but throughout the duration of the contract.
You will have operating costs that we have called Fixed Costs and Variable Costs.
- Maintenance of the Complex.
- Monthly staff costs
- Miscellaneous expenses such as water, electricity, internet
- Cleaning products
- The annual property tax
- Property insurance, if you wish to dispose of it
- If you rent your property between 2 and 3 nights per month, these expenses are absorbed.
Yes, Balia offers a Management service to take care of the rental of your property and generate income of 8 to 16%.