source: own property abroad Foreigners can't directly own land in Bali like they would in their home country, but there are still a couple ways to acquire a villa: Leasehold (Hak Sewa): This is the most popular option. You essentially rent the land and villa for a long term, typically 25-30 years, with the option to renew the lease upon expiry. It's a simpler process but offers less security compared to freehold ownership. Right of Use (Hak Pakai): This grants you a stronger right to use the property and the land underneath it. You can qualify for this with a residence permit and it allows ownership for a set period. There can be limitations on property size and price with this option. Company Ownership (PT PMA): By setting up a limited liability company in Indonesia, you can acquire freehold ownership (Hak Guna Bangunan) of the villa and land. This is a more complex process but offers the most control and security. Purchase Agreement (Akta Jual Beli - AJB): This is a crucial contract signed by both you and the seller. It outlines the specifics of the sale, including:  Purchase price and payment terms Description of the property (including land area and villa details)  Warranties and guarantees from the seller Transfer of ownership rights This document is drafted and witnessed by a notary public (notaris) in Indonesia to ensure its legality. Land Certificate (Sertifikat Hak Milik - SHM): This is the official document proving ownership of the land the villa sits on. It's issued by the National Land Agency (Badan Pertanahan Nasional - BPN). Important Note: As a foreigner, you can't directly own land in Bali under SHM. You'll need to verify the type of land ownership the villa uses (Leasehold - Hak Sewa, Right of Use - Hak Pakai, or company ownership through PT PMA) and ensure the seller has the legal right to transfer those rights. Notary and Legal Fees: Expect to incur fees for the notary who drafts and witnesses the Purchase Agreement, as well as potential legal fees from a lawyer who can guide you through the process, conduct due diligence on the property, and ensure your interests are protected. Here's what you can add to your understanding: Power of Attorney (POA): If you're not present in Bali throughout the buying process, you can appoint a trusted representative with a POA to handle tasks like signing documents on your behalf. This needs to be legalized in your home country with an Apostille stamp. Due Diligence: Before finalizing the purchase, a thorough investigation of the property and seller is essential. This involves verifying land titles, checking for any outstanding debts or encumbrances, and ensuring the villa is built with proper permits. Your lawyer can help with this process. By ensuring all these documents are in order and working with reputable professionals (notaries, lawyers, real estate agents), you significantly reduce the risk of encountering legal issues or fraudulent activity during your villa purchase in Bali. Transfer Tax (Bea Perolehan Hak atas Tanah dan Bangunan - BPHTB): This is a one-time tax paid by the buyer upon transferring ownership of the property. The tax rate typically falls between 5% and 20%, depending on the property type and its value. Standard Rate (5%): Applies to most property transactions. Luxury Tax (20%): May be imposed on high-value properties exceeding a certain threshold. Land and Building Tax (Pajak Bumi dan Bangunan - PBB): This is an annual tax levied on all property owners in Bali, regardless of nationality. The tax amount is calculated based on the property's assessed value (Nilai Jual Objek Pajak - NJOP), which is a government-determined market value. The tax rate for PBB is generally quite low, typically around 0.5% of the NJOP. Notary Fees: As you mentioned, notary public services come with associated fees. These fees cover the notary's work in drafting and witnessing legal documents like the Purchase Agreement. The fees are usually calculated as a percentage of the property's value and can range from 0.5% to 1%. Here are some additional property-related taxes and fees to be aware of: Seller's Income Tax (PPH): In some cases, the seller may be liable to pay a capital gains tax on the sale of the property. Construction Tax: If you're buying a newly built property, there may be a construction tax applicable. Name Change Tax (Bea Balik Nama): A small fee is charged for changing the name on the property certificate. By factoring in these taxes and fees when budgeting for your villa purchase, you can avoid any unexpected financial surprises down the line. It's always wise to consult with a tax advisor familiar with Indonesian property regulations to get a more accurate estimate of the total costs involved.

source: viewretreats.com Buying property in Bali can be an exciting adventure, but it's important to be well-informed and prepared. Here are some tips to help you navigate the process, with a focus on finding the right real estate agent: Finding the Right Real Estate Agent Look for experience with foreigners: Bali's property market caters to international buyers, so ensure your agent has experience dealing with foreign clients and understands the specific considerations they face. Seek local knowledge: An agent with deep knowledge of the different areas in Bali can advise on factors like zoning, development plans, and cultural aspects of each location. Credentials and reputation: While Indonesia doesn't have mandatory agent licenses, look for affiliations with reputable organizations like AREBI (Asosiasi Real Estate Broker Indonesia). Check online reviews and ask for references. Communication style: This is a big investment, so find an agent you connect with clearly. Ensure they are patient, responsive, and understand your needs and preferences. Additional Tips for Buying Property in Bali Understand property types: Foreigners cannot directly own land. Explore options like Hak Milik (freehold ownership), Hak Pakai (long-term leasehold), and leasehold agreements through a local company (PT PMA). Do your due diligence: Always have a lawyer verify land titles, permits, and any potential encumbrances on the property. Factor in additional costs: Consider taxes, notary fees, and ongoing maintenance costs when budgeting for your purchase. By following these tips and conducting thorough research, you can increase your chances of finding a trustworthy real estate agent and having a smooth property buying experience in Bali. These are some references for property in Bali: source: propertiabali   Property ID PPV3961   Property Status For sale villa   Property Type Leasehold Villa   Price IDR6.854.000.000   Years 19   Bedrooms 3   Bathrooms 3   Building Size 170 m²   Land Size 5.5 Are   Year Built 2021   Area Bingin source: propertiabali   Property ID PPV3984   Property Status For sale villa   Property Type Leasehold Villa   Price IDR3.807.000.000   Years 25   Bedrooms 2   Bathrooms 2   Building Size 160 m²   Land Size 1,55 Are   Year Built 2025   Area Pererenan   source: propertiabali   Property ID PPV3950   Property Status For sale villa   Property Type Leasehold Villa   Price IDR4.520.000.000   Years 25   Bedrooms 2   Bathrooms 2.5   Building Size 163 m²   Land Size 1.32 Are   Year Built 2025   Area Bingin Read More: Bali's Booming Business: Unveiling the Top Sectors for Success

source: villadibali.net Bali, the "Island of the Gods," has long been a magnet for tourists seeking pristine beaches, vibrant culture, and luxurious relaxation. But for some visitors, the allure goes beyond a fleeting vacation. A growing trend sees tourists transforming into villa owners, staking their claim on a permanent piece of paradise. Navigating the Ownership Landscape While the idea of owning a Balinese villa might sound idyllic, there are intricacies to navigate. Indonesian law restricts foreign freehold ownership of land. However, foreigners can invest through leasehold options like Hak Pakai, granting land use rights for up to 80 years. This makes owning a villa a possibility, but with a long-term perspective. Benefits and Considerations The advantages of owning a Bali villa are undeniable. It offers a luxurious home away from home, perfect for personal retreats or generating rental income. However, there are considerations. Managing a property remotely requires a reliable management company. Additionally, factors like fluctuating tourist seasons and upkeep costs need to be factored in. The Local Perspective The rise of foreign villa ownership has sparked discussions. While it contributes to the economy, some argue it can limit land availability for locals and potentially affect the cultural fabric of communities. Responsible investment and respectful integration are crucial for a sustainable future. Looking Ahead Foreign ownership of villas in Bali is a growing trend, offering a unique investment opportunity. Understanding the legal framework, considering the long-term commitment, and respecting local sensibilities are essential for a successful and enriching experience. Read More: How to Buy Property In Bali as Foreigner: Several Things You Need To Know

Doha City, the capital of Qatar. Source: Getty images A small but very influential country in the Arabian Peninsula is called Qatar. This country has caught the world's attention due to its remarkable economic growth. At the core of Qatar's economic prosperity are its substantial natural gas reserves. The North Pars Field, which Qatar shares with Iran where it is known as the South Pars Field, is one of the largest natural gas reserves in the world. The natural gas is extracted and sold mainly to international markets in Asia and Europe. and it is the proceeds of these extractions and exports that are one of the rapid causes driving Qatar's wealth. According to World Atlas, with a relatively small population, Qatar ranks 4th among the richest countries in the world based on per capita income, which stands at $112,282. This ranking reflects Qatar's substantial wealth derived from its abundant natural gas reserves and successful economic diversification strategies, which have propelled the country to the top tier of global wealth per capita and made Qatar one of the wealthiest countries globally. Read More: Indonesian Exports Will Be Easier to Saudi Arabia and Qatar with This Agreement Oil Refinery. Source: internationalfinance  Factors Driving Economic Success Several factors contribute to Qatar's economic success, including its strategic efforts to diversify its economy beyond natural gas. Despite the benefits provided by natural gas revenues, Qatar faces challenges and risks that could impact its economic stability and income. To mitigate these risks, Qatar is pursuing diversification efforts across various sectors: 1. Infrastructure Qatar has invested heavily in modernizing its infrastructure. This includes extensive developments in transportation, such as new roads, railways, and a cutting-edge metro system. The construction of new cities like Lusail is also part of this initiative, designed to accommodate the growing population and enhance urban living standards. Read More: Qatar's World-Class Infrastructure: Embracing Modernity for the Future 2. Real Estate The real estate sector has experienced significant growth, with numerous high-profile projects including luxury residential complexes and commercial properties. This expansion aims to attract foreign investment and stimulate economic activity within the country. 3. Tourism To further diversify its revenue streams, Qatar has focused on developing its tourism industry. Successful hosting of global events, such as the 2022 FIFA World Cup, has established Qatar as a premier destination for international visitors. 4. Finance and Business Qatar has also made strides in positioning itself as a financial hub. Investments in banking, insurance, and other financial services are part of Qatar’s broader strategy to build a robust and diversified economic landscape. Investing for the Future Qatar’s rapid economic growth has enabled substantial investments in infrastructure and development projects. The country has embarked on ambitious plans to modernize its transportation network, including a comprehensive metro system and new highways. The development of Lusail City, a futuristic urban area, underscores Qatar's commitment to creating a sophisticated and sustainable environment for its residents. Read More: Katara Tower: Blending Luxury and Culture in Qatar's Skyline Construction of Qatar's infrastructure for FIFA World Cup 2022. Source: sportalaxy Additionally, the successful hosting of international events, such as the 2022 FIFA World Cup, has showcased Qatar’s infrastructure and hospitality capabilities on a global stage. These investments are intended not only to enhance the quality of life for residents but also to attract international business and tourism. Read More: Qatar FIFA World Cup 2022: The First FIFA World Cup Held in the Middle East Social Welfare and Challenges The wealth generated from natural gas has allowed Qatar to implement extensive social welfare programs, significantly improving the quality of life for its citizens, including advancements in education and other conveniences. This economic success has positioned Qatar as the wealthiest Muslim-majority country in the world. However, the disparity between the wealth of Qatari citizens and the conditions faced by migrant workers remains a concern. Addressing labor rights and ensuring fair treatment for all workers is a crucial aspect of Qatar’s social and economic policies. Qatar’s economic growth, driven by its natural gas reserves, has made it one of the wealthiest countries per capita globally. While the nation continues to invest heavily in infrastructure and diversification efforts, it must navigate challenges related to economic reliance on hydrocarbons and social disparities. Qatar’s approach to balancing its wealth and addressing these challenges will be critical for its sustained prosperity and global standing.   For further information:   https://www.worldatlas.com/gdp/the-richest-countries-in-the-world.html https://fastcompanyme.com/news/qatar-is-currently-the-wealthiest-country-in-the-arab-world/

         Vietnam's real estate market has shown promising signs of recovery and growth since late 2023. This resurgence can be attributed to government efforts to promote safe and sustainable development, along with positive changes in supply, prices, and transactions. According to the Vietnam Association of Realtors (VARS), the first quarter of 2024 saw an absorption rate of nearly 31% and around 6,200 successful transactions, marking a significant increase from the previous quarter and the same period last year.          Interest and transactions are growing across various types of real estate, including land plots, townhouses, villas, and apartments, in both primary and secondary markets. Key markets such as Haiphong, Hanoi, Ho Chi Minh City, Danang, and Binh Duong are seeing increased activity. Notable projects like Lumière Evergreen, The Sola Park, Cara Riverview, and The Beverly are attracting substantial interest and achieving strong sales, particularly in the mid-range and luxury segments.          Vietnam's real estate market is rapidly becoming a significant player in the Asia Pacific region, ranking as the second most preferred emerging market by CBRE's 2024 Asia-Pacific Investor Intentions Survey, trailing only behind India. This growth is driven by robust economic progress, increasing foreign direct investment (FDI), a growing middle class, and favorable demographics. Rapid urbanization and ongoing infrastructure development projects create significant investment opportunities across various sectors, including residential, commercial, and industrial real estate.   Source : Savills Research & Consultancy. This data represents Vietnam real estate market, located in Ho Chi Minh City, performed well in Q3/2023 with rent reaching VND 771,000/m2/month  and occupancy staying high at 90%. Q3/2023 refers to Quarter 3 performance, 9M/2023 is year to date (YTD).            Political stability, investor-friendly policies, and Vietnam's strategic location within Southeast Asia enhance its connectivity to regional markets, promoting trade and investment opportunities. The revised Land Law, which expands land use rights for overseas Vietnamese, is expected to attract significant investment, aligning with the aspirations of the Vietnamese diaspora and mobilizing considerable investment resources.          Despite the challenges of 2023, marked by supply shortages and reduced investment demand, the market is anticipated to rebound strongly in 2024. Investment flows into Vietnam primarily come from Asian investors, including those from Singapore, Japan, Hong Kong (China), and the Republic of Korea. There is also growing interest from individual investors, including foreigners and overseas Vietnamese, with around 4 million people indicating a demand for buying houses in Vietnam.          Vietnam's real estate sector has garnered international acclaim, with local firms winning major awards at the 18th PropertyGuru Asia Property Awards Grand Final 2023. The government is implementing measures to ensure sustainable development and address housing affordability issues. While licensing issues have posed challenges, resulting in fewer new residential launches and increased selling prices, the government's efforts aim to tackle these challenges and leverage opportunities for continued growth in the real estate market.          Overall, Vietnam's real estate market is on a path of recovery and rising global significance, supported by strong economic fundamentals, strategic initiatives, and growing investor interest.   Read More! Another country's article : "Reasons Why the Indian Economy is Ahead of Other Asian Countries"