Hi Canon,
I've been following the struggles of Bob and Patti Arthur over there for some time now and it doesn't sound any less complicated than Bali.
I'm sure the Chinese wont have anywhere near that kind of hassle with the $$ they are about to hand over.
Money talks, culture walks. Sad.
I'm baffled as to where the island is that is powered by wave generation though.....that's a high tech and pretty expensive way of generating power. You mean tidal?
Was trying to plan a trip over there not long back but never got round to it....who knows might win one soon?
I've been following the struggles of Bob and Patti Arthur over there for some time now and it doesn't sound any less complicated than Bali.
I'm sure the Chinese wont have anywhere near that kind of hassle with the $$ they are about to hand over.
Money talks, culture walks. Sad.
I'm baffled as to where the island is that is powered by wave generation though.....that's a high tech and pretty expensive way of generating power. You mean tidal?
Was trying to plan a trip over there not long back but never got round to it....who knows might win one soon?
C
CanonMan
Guest
Hi Guys,
I guess as with anywhere doing business in developing countries requires due diligence on your part. I'm sure the story of Bob and Patti Arthur (on the island of Pohnpei, FSM) rings true in many ways. However theirs is a story of loans defaulted and other such elements that included a one time President and four Senators who owned the institute from where they sourced financing etc. To default on that would for sure, in any country, result in the headhunters being rallied against you.
Powering an island by the energy contained in Ocean swells and waves is a massive race right now. Governmenets are spending billions on research for alternatives to fossil fuel traditions. The company profile for the independent contractor in the procedure of setting this up are called Ocean Energy Industries and have projects around the globe. The deal on the Island of Kosrae, FSM, will cut 7 tonnes of CO2 emissions and power the island with a natural source of energy. The technology exists and is being put to good use.
An excellent surf wave, great SCUBA diving and aesthetics shows this island to be a pretty rare gem. It would certainly cater to a surf crowd for 6 months of the year, to SCUBA divers year round and to those simply seeking a relaxing (Spa or Yoga) retreat. Also two Atolls to the west one has Pohnpei which is also home to the massive wave called P. Pass (Palikir Pass) which when 'on' is certainly a global wave contender. I must admit I am somewhat biased towards FSM as I lived in the region, Yap and Palau, for 8 years. I left to take a commission with Nat Geo for two years and the wife suggested Bali as a base when that contract ended. We're looking to head back to FSM next year with a trip planned as a cursory intro for the wife at the end of July.
There is also massive interest from China in the region but if you are also keeping your finger on the pulse as to the events in Yap of late you will find that the island has basically halted all talks for that development. A recent bill calling for the scraping of a Foreign Investment Permit of a large Chinese development firm has been issued by the State Legislature and should be enacted by May 22nd if all goes as planned. Yap Island is not the place for Casino's, Billion Dollar Resorts, Golf Courses and Marinas. The island has a local population of just 8,000 and with a planned workforce invasion of some 11,000 Chinese they would have basically become the minority in their own land. Issues then as to how to house, feed and cater to the workforce started to make people realize that this was maybe not such a great idea.
Anyway, all of that is another story.
Cheers,
Mark.
I guess as with anywhere doing business in developing countries requires due diligence on your part. I'm sure the story of Bob and Patti Arthur (on the island of Pohnpei, FSM) rings true in many ways. However theirs is a story of loans defaulted and other such elements that included a one time President and four Senators who owned the institute from where they sourced financing etc. To default on that would for sure, in any country, result in the headhunters being rallied against you.
Powering an island by the energy contained in Ocean swells and waves is a massive race right now. Governmenets are spending billions on research for alternatives to fossil fuel traditions. The company profile for the independent contractor in the procedure of setting this up are called Ocean Energy Industries and have projects around the globe. The deal on the Island of Kosrae, FSM, will cut 7 tonnes of CO2 emissions and power the island with a natural source of energy. The technology exists and is being put to good use.
An excellent surf wave, great SCUBA diving and aesthetics shows this island to be a pretty rare gem. It would certainly cater to a surf crowd for 6 months of the year, to SCUBA divers year round and to those simply seeking a relaxing (Spa or Yoga) retreat. Also two Atolls to the west one has Pohnpei which is also home to the massive wave called P. Pass (Palikir Pass) which when 'on' is certainly a global wave contender. I must admit I am somewhat biased towards FSM as I lived in the region, Yap and Palau, for 8 years. I left to take a commission with Nat Geo for two years and the wife suggested Bali as a base when that contract ended. We're looking to head back to FSM next year with a trip planned as a cursory intro for the wife at the end of July.
There is also massive interest from China in the region but if you are also keeping your finger on the pulse as to the events in Yap of late you will find that the island has basically halted all talks for that development. A recent bill calling for the scraping of a Foreign Investment Permit of a large Chinese development firm has been issued by the State Legislature and should be enacted by May 22nd if all goes as planned. Yap Island is not the place for Casino's, Billion Dollar Resorts, Golf Courses and Marinas. The island has a local population of just 8,000 and with a planned workforce invasion of some 11,000 Chinese they would have basically become the minority in their own land. Issues then as to how to house, feed and cater to the workforce started to make people realize that this was maybe not such a great idea.
Anyway, all of that is another story.
Cheers,
Mark.
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Most people seem to get a Pondok Wisata licence. You need to check the BKPM negative investment list: http://www.bkpm.go.id/file_uploaded/PPres-36-2010.pdf
Search for hotel. For 1 or 2 star hotel you can up to 51% and for 'other accommodation service' you can own up to 49%. I don't know what other accommodation is referring to, but it could be Pondok Wisata. A homestay cannot be owned by foreigners.
Don't know about spas. Probably need a separate licence. Restaurant requires a separate licence as well as a bar if you plan to serve stronger alcoholic drinks than beer.
Yes, but there in lies an opportunity. Many older hotels in Bali are poorly maintained and undermarketed. They seem to just chug along and you get the feeling that the owners have lost interest in the property.
I am reading thru this, and see Canonman's suggestion for a great location (Sumba), and Mickey's response that the tourist are not there. Think of G-land in East Java (see G-Land - Wikipedia, the free encyclopedia). A location with a great surf break (I am told, since I would not know a great surf break if I saw one) in a location difficult to access and with no tourism back then when it was "discovered". What has happened since then is that they have used Kuta, Bali as the base, arranged surf safaris starting from Kuta, provide everything including the transport there, the accommodation with all meals etc. It is relatively high-priced, and from what I can see - does good business.
I think if you can think outside the boundaries of what is currently being offered, you may hit gold.
I think if you can think outside the boundaries of what is currently being offered, you may hit gold.
As spicyayam already said a pma can not hold a pondok wisata license, pondok wisata can only be for local companies as a PT CV or private name...
Setup a management PMA and a local CV or PT, the PMA controls the CV/PT and the CV/PT requests for a pondok wisata..
Where is the island location anyway?
I have friends who loves to travel to those kind of places, I think they don't mind having 1 extra stopovers in their journey to the East with the rental boat
C
CanonMan
Guest
Mate, if your friends can't get people to go to their resort on Lembeh then they should check their business plan. I take it they are offering scuba diving? Lembeh has to be one of the most spectacular dive destinations on the planet for one special reason, the black volcanic sands, often called Muck Diving by many. The underwater life is weird, small and distinct. Trumpet blowing time, I won the Prix du Public at the 38th World Festival of Underwater Films for a short film shot in the Lembeh Straits region. Dived there solid for a month, 83 dives in total.
I have three friend who own three different resorts there, four if you throw in their other operation on Bunaken Island on the other side of the northern Sulawesi landmass, others who have managed yet another resort, and all have or are doing very well. I was also going to move up there and actually had the land staked out on Lembeh but decided against it at the last minute. I was slated to shoot for a year on a project up there that fell through.
Mind you I must also add none of these resort owners are Indonesian so I guess they are more willing to accept other people's guidance in their marketing to predominantly European and North American clientele.
Cheers,
Mark.
I have three friend who own three different resorts there, four if you throw in their other operation on Bunaken Island on the other side of the northern Sulawesi landmass, others who have managed yet another resort, and all have or are doing very well. I was also going to move up there and actually had the land staked out on Lembeh but decided against it at the last minute. I was slated to shoot for a year on a project up there that fell through.
Mind you I must also add none of these resort owners are Indonesian so I guess they are more willing to accept other people's guidance in their marketing to predominantly European and North American clientele.
Cheers,
Mark.
Hello Ronb, you right about G-land. there is one surf camp owned by an Australian and they are doing very good business. but that is G-land, a world class wave 10/10. every surfer's dream is to surf that wave plus the climate conditions in that region are just perfect. the target group is very specific.
i'm very positive about Sumba and as you said if proper arrangements are made in Bali to transfer to Sumba than there is good chance that the business will run.
Dank je heerhugo.
is Klumpu Bali Resort Sanur Indonesia | A blend of traditional and luxury looks wonderful and very professional website. great job!
is this the project you started in 2009-2011?
The question now is what is your vision?
For me, reading your post about including at least 25% surfing activities is weird, you didn't mention the main focus which is the 75% is what:icon_confused:
Spa? Restaurant? or just hoping whatever that trickles down from the big wave of tourist in Bali?
What is your main point?
For me, reading your post about including at least 25% surfing activities is weird, you didn't mention the main focus which is the 75% is what:icon_confused:
Spa? Restaurant? or just hoping whatever that trickles down from the big wave of tourist in Bali?
What is your main point?
no surf in Lembeh.
surf and dive rarely go together. (there are some exceptions - like the place canon describes- but not many - particularly in indo)
Hi Ferdie, my vision still need fine-tuning. but i did get an answer to my question.
Conclusion, there is a moratorium in issuing hotel licences in regency of Badung. Alternative, take over an existing PMA with all licences or create a management company and a local CV or PT, the PMA controls the CV/PT and the CV/PT requests for a pondok wisata. if you grow more than 6-7 units, create a 2nd local CV or PT...etc.
Other regencies don't have this problem.
C
CanonMan
Guest
You could start out in Bali taking in waves on a trek to Sumba for example. There are a few publications showing the comprehensive listing of Indonesian surf waves, could be worth a look to figure out a route and run it all under the business from Sumba, if that was an option.
Best of luck in the endeavor, sounds like you'll have a blast.
Cheers,
Mark.
Hi Guys - I'm totally confused by this thread it's a bit like sitting in a small pub with a group of people who are having three conversations going on at the same time:-
Is it about
-finding obscure surfing spots outside Bali or is it about
- whether Badung has a hold on hotel licenses or is it about
- what type of vehicle one would use to set up an hotel/restaurant/spa/with 25% surfing something-or-other
But this confused me most:
As I understand it:
A PMA is an Indonesian registered company - why isn't it able have apondok wisata?
A CV is a partnership between two (or more) Indonesians - only!
Or have I got that wrong?
While we're pondering the pondok wisata issue.... would one of the surfies get the drinks in? its your round!
Is it about
-finding obscure surfing spots outside Bali or is it about
- whether Badung has a hold on hotel licenses or is it about
- what type of vehicle one would use to set up an hotel/restaurant/spa/with 25% surfing something-or-other
But this confused me most:
As I understand it:
A PMA is an Indonesian registered company - why isn't it able have apondok wisata?
A CV is a partnership between two (or more) Indonesians - only!
Or have I got that wrong?
While we're pondering the pondok wisata issue.... would one of the surfies get the drinks in? its your round!
A homestay is included in the negative investment list, so the rules forbid the foreigners to own them, whether personally or an institute
I think the logic behind it is homestays is preserved for the locals to develop the local economy so the foreigners must invest in the higher class accomodation
I thought expat are only allowed to own PT, because CV hold the financial consequences even until the shareholders personal asset, but it won't worked for expat or a PMA PT?
In my opinion getting a Cv under your PMA is illegal and not safe, the same as using a nominee
Yes that's what I thought ... so how are all these foreign owned 3-5 room homestay or villa rentals operating legaly
maybe they were built before the rules about it implemented?
or the implementation got lost in the wave of politic and money? LOL