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Your Legal Options for Owning A Villa In Bali

Many people decide they will start their dream business of renting a villa in Bali,  whose hopes come crashing down when they discover the complexities of Indonesian law as they apply to property purchases in Bali. The truth is that Indonesian law forbids foreigners from outright ownership of property in that country, and given that Bali is part of Indonesia, that law applies there, too.

This begs the question, “If Indonesian law forbids foreigners from purchasing property in Bali, how can any foreigner own a villa In Bali?”. The law, as it applies in Bali, forbids outright ownership of property by foreigners, but that does not mean they cannot enter into legal arrangements that would allow them to own and run a Bali villa rental business.

As you will discover as you read, there are various categories of property ownership in Indonesia, which means that in Bali, you can obtain either ownership or the use of a villa to rent it out to holidaymakers. Here are some of your alternatives based on firsthand knowledge of villa ownership from the specialists at Luxury Villas Bali.

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Why Estate Planning is Essential in Business

When you start up a business, the last thing you will be thinking about is the time when you will be unable to carry on. However, it is important to take a reality check in this matter because no one lives forever and many people die well before they expected to. If you leave your business without any plans for a time when you are not there to run it, all your hard work may be lost and your family left without the assets you expected them to inherit.

Once you speak to a good commercial lawyer you will see that there are many ways to protect your business assets and ensure they are passed on to your family, but they vary to a certain extent depending on the type of business structure you used to set up the business. It could be a sole trader, partnership, have several co-owners and so on. But one thing is for sure; no matter what type it is, if there is no estate plan or Will, much of the value will be lost, going to the state to cover the cost of settlement.

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