Now is the Right Time for Villas Investment in Bali

14 Feb 2022 • 3 min read

INFO NASIONAL – The Covid-19 pandemic hit Indonesia in early 2020 and created uncertainty in various sectors, ranging from social, political, to economic. This condition also has a major impact on the province of Bali, which is one of the spearheads of Indonesian tourism and the mainstay of the country's economy, especially from foreign and domestic tourist visits.

However, data from the Bank Indonesia Bali Representative Office shows that Domestic Investment (PMDN) during 2020 reached IDR 5,432.7 billion and Foreign Investment (PMA) reached a value of 293.3 million US dollars. This indicates that Bali is still attractive to investors who are still optimistic about the development of the Covid-19 pandemic situation in Bali.

Other data comes from the international research institute Knight Frank Global which notes that the super-rich in the Ultra High Net Worth Individual (UHNWI) category in Indonesia jumped by 67 percent in the 2020-2025 period. Interestingly, 25-28 percent of their funds are invested in the property sector. Based on this data series, even though it is still in a pandemic situation, the property sector in Bali is still attractive to investors because it is considered to have a positive trend.

The economic recovery in the property sector in Bali has been strengthened by the reopening of the Bali airport for local tourists since August 2020. This has caused the residential occupancy rate in Bali to slowly begin to increase again. In addition, the Indonesian government through the Ministry of Tourism and Creative Economy (Kemenparekraf) is finalizing a plan to open Bali tourism for foreign tourists (tourists) in June or July 2021.

Regarding various efforts to restore the economy in Bali, villa property in Bali is one of the promising investments and has strategic value during the pandemic. The return of investment (ROI) for villa investment in Bali is at least 10 percent because the average occupancy is 70 percent per year.

Maybe in the past Bali was better known for its popular tourist destinations for domestic and foreign travelers. But now, the Island of the Gods is starting to be seen as a potential area for those who want to enter the world of property investment, especially in the form of villas.

Interestingly, even potential areas are now not only centered in famous areas such as Kuta, Seminyak or Ubud. The emergence of many new tourist destinations has also contributed to the emergence of new areas that are predicted to develop rapidly over the next few years, such as Villas in the Canggu area.

Canggu is known as an area inhabited by expatriates from various countries. Thus, no wonder, public facilities are also fairly complete and easy to reach. Everything is available, from modern and traditional markets, hospitals, to international standard schools.

Property industry investors in Bali assure that after the Covid-19 pandemic crisis has passed, the villa investment market in Bali has the potential to experience a "market boom". Well, now is the best opportunity to invest in a villa in Bali.

Investors will be in a strategic position to resell the property at a rate of multiples of profit when the economy improves in the future. Moreover, various online booking sites and a number of tour and travel platforms place Bali as one of the most desirable locations to visit or stay after the pandemic.

There is no doubt, Villa in Bali is a promising long-term investment during the pandemic. Property purchased as an investment in popular areas such as Canggu or Seminyak can provide a very attractive long-term return on investment. So, now is the right time to invest in the property sector in preparation for the surge in the property market after the upcoming pandemic.

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21 Apr 2022 8 min read

Press Release : Government Imposes New Tariffs for Immigration Services, VoA and VITAS Unchanged

The government regulates the new tariffs for immigration services through Minister of Finance Regulation (PMK) Number 9/PMK.02/2022 concerning Types and Tariffs for Types of Non-Tax State Revenue (PNBP) on Immigration Services Applicable to the Ministry of Law and Human Rights of the Republic of Indonesia. This regulation is effective 60 days from its promulgation, which falls on Saturday (16/4/2022).Previously, the tariff for immigration services was regulated in Government Regulation (PP) No. 28 of 2019. This new PMK regulates tariffs for new services that have not been accommodated in PP 28 of 2019 as well as changes to several service rates.“There is a new immigration service that is mandated by the Job Creation Act and the tariff must be accommodated. In terms of visas, the only thing that changes is the tariff for the visit visa. For services that are not listed in the PMK, the tariff still refers to PP 28 of 2019, Visa on Arrival (VoA), for example, the tariff is still Rp. 500.000,-, as well as the extension. Nothing has changed,” explained Plt. Director General of Immigration, Widodo Ekatjahjana.A significant difference in this new PMK is the change in rates for a One-Trip Visit Visa. As of April 16, the Visit Visa is valid for 60 days at a rate that was previously USD 50, now costs Rp. 2.000.000,- for a Visit Visa (VK) other than a tourist destination. As for VK tours, foreigners have to pay Rp. 1.500.000,-. This rate includes the previous visa processing fee of Rp. 200,000,-. The good news is that a visit stay permit from this type of visa can be extended for the next 60 days at a cost of Rp. 2.000.000,-.“For a Limited Stay Visa, the terms and rates do not change. Still referring to the old rules,” said Widodo.Regarding the changes and new rules for residence permit service tariffs, Widodo further explained.“In this PMK, in addition to the pre-investment visit stay permit (ITK), many regulations are also set regarding limited stay permits (ITAS) not in the context of working for a second home. As of April 16 tomorrow, both have not been applied because the pre-investment Visit Visa and VITAS for the second house have not yet been submitted. This second home ITAS is a new service, the same as ITK for pre-investment. The new tariff that is already in effect is only a visit stay permit with a validity period of 60 days.”In short, although PMK Number 9/PMK.02/2022 regulates various kinds of immigration service tariffs, the tariffs imposed on Saturday (16/4) are only One-Trip Visit Visa, Tourist Visit Visa and Extension of a 60-day Visit Stay Permit. The application of other service tariffs is still waiting for the relevant legal product, or it has not been opened yet considering that the Covid 19 pandemic has not been declared over and Indonesia is still applying for a limited visa grant.RECAPITULATION OF TYPES AND RATE FOR TYPES OF PNBP RELATED TO PMK NO. 9/PMK.02/2022 AND PP NO. 28 YEAR 2019NOVISA TYPEPRICEUNITINFORMATION 1Visit Visa One-Trip Maximum 60 DaysRp2.000.000,00Per PersonPMK No.9/PMK.02/2022 2Single-Trip Visit Visa Maximum 180DayRp6.000.000,00 Per PersonPMK No.9/PMK.02/2022 3One-time Visit Visa in the Context of Travel for a Maximum of 60 DaysRp1.500.000,00Per PersonPMK No.9/PMK.02/2022 4Multiple Visit VisaTrip Times Calculated per YearRp3.000.000,00Per PersonPMK No.9/PMK.02/2022 5Current Visit Visa onArrival (VOA)Rp500.000,00Per PersonPP No. 28 Tahun2019 (UNCHANGED) 6Limited Stay VisaUS$150.00 Per applicationPP No. 28 Tahun 2019 (UNCHANGED) 7Limited Stay Visa Notin Order to Work for a Second HomeRp3.000.000,00Per applicationPMK No.9/PMK.02/2022 8Limited Stay Visa Not in Order to Work for a Second Home for Followers(Husband/Wife/Kids/Parents)Rp2.000.000,00Per PersonPMK No.9/PMK.02/2022 9Visit Stay Permit Validity Period Maximum 60 DaysRp2.000.000,00 Per applicationPMK No.9/PMK.02/2022 10Visit Stay Permits Valid for Maximum 180 Daysfor PreinvestRp6.000.000,00Per applicationPMK No.9/PMK.02/2022 11Extension of Visiting PermitValidity Period 30 daysRp500.000,00 Per applicationPP No. 28 Tahun2019 (UNCHANGED) 12Limited Stay Permits Not in the Context of Working for a Second Home with a PeriodMaximum Stay 5 YearsRp12.000.000,00Per applicationPMK No.9/PMK.02/2022 13Limited Stay Permit Not in the Context of Working for a Second Home For Followers (Husband/Wife/Children/Parents) with a Maximum Stay Period of 5 YearsRp3.500.000,00Per PersonPMK No.9/PMK.02/2022 14Permanent Stay Permit Not in the Context of Working for a Second House with a Maximum Stay Period of 5 YearsRp15.000.000,00Per applicationPMK No.9/PMK.02/202215Permanent Stay Permit Not in the Context of Working for a Second Home for Followers (Husband/Wife/Child/Parents) with a Maximum Stay Period of 5 YearsRp5.000.000,00Per PersonPMK No.9/PMK.02/2022 16Permanent Stay Permit Not in the Context of Working for a Second House with an Indefinite PeriodRp30.000.000,00Per application PMK No.9/PMK.02/2022 17Permanent Stay Permit Not in the Context of Working for a Second Home for Followers (Husband/Wife/Children/Parents) with No TermLimited Rp15.000.000,00Per Person PMK No.9/PMK.02/2022 18Re-entry Permit Validity Period of 5 (five) years Special for AreasSpecial Economics (SEZ)Rp3.250.00,00Per applicationPP No. 28 Tahun 2019 (UNCHANGED) 19Re-entry Permits Valid for a Maximum of 5 Years in the Context of a Second House Rp6.000.000,00Per application PMK No.9/PMK.02/2022 20Re-entry Permits are valid for a maximum of 5 years in the context of a second home for followers(Husband/Wife/Child/Parent)Rp1.500.000,00Per PersonPMK No.9/PMK.02/2022 Source : https://www.imigrasi.go.id/id/2022/04/17/siaran-pers-pemerintah-berlakukan-tarif-baru-layanan-keimigrasian-voa-dan-vitas-tidak-berubah/

12 Jan 2022 1 min read

Top-Rated Tourist Attractions in Bali

Bali is one of the most evocative and popular tourist islands of the entire Indonesian archipelago. A visit here sparks the senses. The intoxicating fragrance of incense and clove oil hangs in the thick tropical air. Peanuts sizzle at roadside stalls, petal-strewn offerings smolder on busy sidewalks, and traditional gamelan music jangles against the buzz of mopeds.Despite the clamor and chaos of the main tourist areas, the island is rich in natural beauty, with attractions for every kind of traveler. Surfers come for the legendary swells, hikers can trek up jungly volcanic peaks to misty waterfalls, and cyclists can bike through lush landscapes bristling with rice terraces and traditional villages.The island"s rich arts scene is another top draw, and if relaxation is your top priority, the shopping in Bali and spa treatments are fabulous — and affordable. Spirituality adds yet another layer to Bali"s allure, and seeing the magnificent temples and sacred Hindu ceremonies are top things to do in Bali.Since the famous book and film Eat, Pray, Love spotlighted this enchanting island, the tourist throngs have undeniably swelled, but you can still experience old Bali if you stray off the beaten track. Find the best places to visit and some of the island"s hidden gems with our list of the top attractions in Bali.

06 Apr 2022 2 min read

Implementation of Visa on Arrival, Nearly 15,000 Foreign Tourists Visit Bali

JAKARTA - The application of visa on arrival (VoA) which has been going on since early March 2022 has succeeded in bringing nearly 15,000 foreign tourists to the island of Bali. Deputy for Strategic Policy at the Ministry of Tourism and Creative Economy (Kemenparekraf) Nia Niscaya said this was an effect of making it easier for foreign tourists to come using VoA. "From the beginning, there were almost 15,000 tourists, especially in Bali, until the 26th. Most VoA users come from Australia, Singapore, the United States, France and England," Nia said in the Ministry of Tourism's Weekly Press Briefing, Monday (28/3/2022).Nia assessed that the VoA policy was more effective than an electronic visa or e-visa in terms of bringing in foreign tourists.“It is very clear that the growth of foreign tourists visiting was when it was still an e-visa and then VoA. There are numbers that get e-visas in one month, while VoA is only for one week," he explained. On the same occasion, Minister of Tourism and Creative Economy Sandiaga Salahuddin Uno said government policies had a positive impact on the level of foreign tourists visiting. "This is a policy that is right on target, has the right benefits, and is on time. And Alhamdulillah, it did not trigger an increase in Covid-19 cases," said Sandi.Currently, there are 42 countries that have access to VoA, making it easier for them to visit Indonesia. The increasing number of visits is expected to be a momentum for economic revival for Indonesia. "Surely this is a new optimism, momentum for our economic revival and can open up business opportunities and jobs," said the Minister of Tourism and Creative Economy. The government plans to expand VoA facilities to several other entrances in Indonesia, including Medan Kualanamu Airport, Soekarno-Hatta Tangerang-Banten, Juanda Surabaya, Sultan Hasanuddin Makassar, and Sam Ratulangi Manado. Source : https://ekonomi.bisnis.com/read/20220329/12/1516418/implementasi-visa-on-arrival-hampir-15000-wisman-kunjungi-bali

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Now is the Right Time for Villas Investment in Bali

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