Welcome to the gateway of investing in Lombok with Cocoon Reserve. Discover the steps to secure your slice of paradise in this thriving tourist destination.

Why Choose Lombok?

Lombok stands as a testament to resilient growth, achieving a remarkable 10% year-on-year expansion, even amid the challenges of the pandemic. Fueled by a $ 3 billion government investment in the Mandalika project and a state-of-the-art international airport, Lombok has emerged as a premier destination for both domestic and international travelers. Our island boasts pristine beaches, Indonesia’s third-highest volcano, and renowned surf spots all at more affordable real estate prices than Bali.

This article from Emerhub gives you a good understanding of why investing in Lombok is so lucrative.

There has been a notable shift in the investment preferences of foreigners. While Bali was once considered the epitome of splendor, factors such as overpopulation and inadequate infrastructure have redirected the post-COVID-19 investment surge toward Lombok. Lombok, still in its early stages of development, anticipates a robust growth period spanning the next decade. The opportune moment for investing in Lombok is at hand.

Many express regret for not investing in Bali a decade ago. The prime investment window has now opened in Lombok.

For further insights, please refer to the article by Emerhub titled “Why Are Foreigners Choosing to Invest in Lombok Instead of Bali in 2022.“

Investing in Lombok ( Indonesian ) Property

Indonesia’s property market thrives on robust economic growth and urbanization. Prime locations offer enticing prospects in residential, commercial, and hospitality sectors, thanks to a flourishing tourism industry. The government facilitates foreign investment through simplified land acquisition, tax incentives, and foreign ownership privileges. The introduction of the Omnibus Law in 2020 further streamlines regulations, enhancing the overall business environment. However, successful navigation requires thorough due diligence and collaboration with reputable local partners.

Property Ownership in Indonesia

Understanding property ownership is vital. There are three key types:

1. Freehold Ownership (Hak Milik): Comprehensive ownership primarily for Indonesian citizens, with exceptions for foreign investors.
2. Right of Use (Hak Guna Bangunan – HGB): Secure ownership for foreigners, simplifying the process without the need for an Indonesian nominee.
3. Leasehold (Hak Sewa): Offers flexibility with lease durations of up to 80 years, suitable for residential and commercial use.

Visa Options in Indonesia

Choose the right visa option:

• Tourist Visa: Short-term for exploring property options.
• Social Visa (Index 211): Extended stay without property ownership rights.
• Investor KITAS: Long-term residence and property ownership for foreign investors.
• Retirement Visa: Allows retirees aged 55 or older to reside and own property.
• Working KITAS: Long-term residence for those working in Indonesia.

Purchasing Process with Cocoon Reserve

Step 1: Initial Consultation

Set up a call to explore various villa options, their values, and tailored payment structures based on the villa’s status.

Step 2: Sale and Purchase Agreement

We will draw up a comprehensive purchase agreement between Cocoon Reserve and yourself, documenting payment terms, conditions, and purchase security.

Step 3: PMA Company Setup

For foreign investors, work with an HGB title under a PT PMA company. Our team will assist in the seamless setup of your PMA company. Establishing a PMA is approximately $1300.00, with a processing time of up to 1 month.

Step 4: Completion and Key Handover

Upon completion, receive the key to your villa. Finalise payments for villas under construction, marking the beginning of your ownership journey.

Step 5: Return on Investing In Lombok

Unlock the potential of your property we will rent out your property to resort guests, ensuring a lucrative return on your investment.

For more information, schedule a call with us. Our dedicated team will guide you through each step, ensuring an effective setup for your investment.

Invest with confidence. Invest with Cocoon Reserve.