Hierarchy Media Founder Taylor Ping Has a New Company That Helps You Uncover Amazing Facts About Real Estate Investing in Bali
Bali, an Indonesian island located at the western end of the Lesser Sunda Islands, is a popular tourist destination for local and international tourists. The allure of pristine beaches, lush rainforests, stunning scenery, diverse culture and welcoming people have drawn visitors to its shores for centuries. No wonder Bali is one of the most popular tourist destinations in the world.
Bali is also an amazing place for real estate investments and more and more people are starting to realize this. Working in tandem with the locals here is such a rewarding experience, and working together on real estate projects with local businesses, residents, etc. is only part of the magical experience. However, it can be difficult to know where to start and what to consider when investing in property in Bali. This is where The Risen Group comes in.
The Risen Group is a subsidiary of Hierarchy Media, owned by Taylor Ping, which partners with Bali Home Property and other brands, businesses, premises, venues, events, hotels, and more. of Bali to provide the best real estate investment ideas and knowledge for people interested in expanding in Bali.
When asked why Taylor Ping decided to create The Risen Group and dedicate it to real estate investing, she replied: “Real estate investing is a serious business and it is thriving more than ever. However, people can make bad decisions when they don’t have the right information or advice. Bali is an amazing place with huge potential for growth. I want to help people make the best decisions when it comes to investing in property in Bali so they can enjoy seamless investing.
What you need to know about property investments in Bali
Before you put a dime on any property investment in Bali, it’s important to learn as much as you can about the process and the factors you need to consider. The Risen Group has highlighted some important things you should keep in mind
First, you need to know the freehold laws in Indonesia. The law states that foreigners cannot own property in Indonesia and that all property, land or buildings must be registered in the name of an Indonesian citizen.
However, several solutions are available to you to become a landlord safely in Indonesia. Taylor Ping explained that “You will need an Indonesian citizen, called a ‘candidate’, to handle this. The Indonesian citizen will be listed as the legal owner on the land certificate (title deed), but your interest as a buyer will be protected when you enter into an agreement with this agent at a notary office.
She further said that “You can use a PMA (international company) to buy freehold if the company is domiciled in Indonesia. However, there are several restrictions and it depends on the field and function of the company.
Also, lease is very important when it comes to real estate investments in Bali. You can lease land or a building for up to 25 years with an option to extend for 25 years. The Risen Group recommends that you use this option as it gives you more security than full ownership, which can be revoked at any time.
Finally, Taylor Ping says that “It is important to consult with a reliable and experienced real estate lawyer in Bali to discuss your specific needs and objectives before making a purchase.”
The Risen Group and Bali Property Investments
Taylor Ping is dedicated to protecting the interests of those who wish to invest in real estate in Bali. The Risen Group has already helped many people with their investments and will continue to do so in the future.
If you would like to know more about investing in real estate in Bali, or just want to know more about the process, please do not hesitate to contact The resurrected group. You can also reach Taylor Ping through her website or log on to Facebook and instagram.