Hi there.
Can anyone help with some accurate information please?
I am considering buying an existing scuba diving business in Bali.
My wife and I are British citizens.
What are the formalities and are we actually able to own solely a business and live full time in Bali?
Any help is much appreciated.
Regards
Lee
Relocating and buying a business in Bali
scubalee
07 September 2018 09:20:30
1
zanzio
07 September 2018 11:50:28
90
Hi Scubalee,
If you want to open a scuba business in Bali, just talk to the experts.
Katherin German citizen who opened the scuba business in Labuan Bajo since 2009 "Lagona Divers". Maybe you can collaborate with them.
https://www.lagona-divers.com/en/
and this is the story
https://translate.google.com/translate? … rev=search
Cheers
misscox
11 September 2018 13:07:48
8
If I recall correctly, previously expats can only own up to 95% of a PMA company and the other 5% has to be owned by an Indonesian. PMA = penanaman modal asing/foreign investment. I think this law has been changed in 2007 such that expats can own all 100% PMA, however, Indonesia does not permit foreigners to own any land/property to run such business. Some people try to get bypass this law by purchasing land under a local's name, however I advise you to choose someone you can trust if you are considering that option.
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