SHoggard
Member
Just a question for clarification: Recently it was mentioned to me that:
Just lining up the ducks
- Nominee: must be an Indonesian citizen (obviously) but ALSO should be resident in Bali - a different conversation had it that the nominee could be resident anywhere (even overseas). Obviously it is probably advisable that the Nominee be a Bali resident, but is it a requirement - could there be any barriers, delays etc expected were they not?
- Nominee: the going rate of nominee compensation seems to vary: on one hand I've heard 1% on purchase & 1% on any subsequent sale.... on the other hand the figure of 5-7% was also mentioned. Obviously the arrangement varies between the nominee & foreign buyer, but what's the current going rate?
- Notary - again, I've been told that the Notary must be resident in the Regency in which the property is located - correct?
Just lining up the ducks