Bali’s spellbinding beauty isn’t just for vacationers anymore.
Imagine owning a piece of paradise by establishing your foreign owned company in Bali, Indonesia, under Business Activity Code 68120.
This code unlocks diverse real estate investment opportunities within Bali’s thriving tourism landscape.
Think charming boutique hotels tucked amidst emerald rice paddies, luxurious beachfront resorts offering sunset vistas, or cultural experiences immersing travelers in Balinese traditions.
Code 68120 opens doors to all this and more, allowing you to transform your Bali dream into a reality.
This blog serves as your trusted guide to navigating the exciting world of establishing a foreign owned company in Bali under Code 68120.
Table of Contents
- What is the real estate in the Tourism Area for Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
- What is the risk level for real estate in tourism areas for a Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
- Is a license required to operate a real estate business in a tourism area for a Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
- How to obtain the real estate license for Tourism Area business under Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
- Resources
- Frequently Asked Questions (FAQs)
What is the real estate in the Tourism Area for a Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
Tourism Areas, under Business Activity Code 68120, encompass designated zones within Bali specifically aimed at attracting and catering to tourists.
These areas offer a diverse range of opportunities for foreign-owned company establishments to invest in various tourism-related activities, including:
- Hotels, resorts, and guesthouses: From luxurious beachfront stays to charming boutique experiences, catering to diverse visitor preferences.
- Restaurants, cafes, and bars: Offering a vibrant culinary scene, showcasing local and international flavors.
- Cultural attractions and activities: Immersing travelers in Balinese traditions through dance performances, handicraft workshops, and historical sites.
- Adventure and recreational facilities: Providing thrilling experiences like water sports, trekking, and ecotourism adventures.
- Transportation and support services: Contributing to the smooth functioning of the tourism ecosystem by offering car rentals, tour guides, and other essential services.
What is the risk level for real estate in tourism areas for a Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
Establishing a PT (Perseroan Terbatas) in Bali under Business Activity Code 68120 involves dealing with high-risk factors, given the tourism industry’s sensitivity to external elements like market changes and regulations. Investors must navigate challenges such as natural disasters, market competition, and economic uncertainties, emphasizing a strong risk management plan for successful business resilience.
Is a license required to operate a real estate business in a tourism area for a Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
Yes, licenses are still required for foreign-owned company establishments in Bali’s Tourism Areas under Business Activity Code 68120.
How to obtain the real estate license for Tourism Area business under Foreign Owned Company Setup in Bali, Indonesia? (KBLI Code 68120)
For businesses operating under code 68120, the following three license requirements apply:
- Amdal (Environmental Impact Assessment): Depending on the scale and potential environmental impact of your business, you may need to obtain an Amdal. This involves submitting a detailed environmental impact assessment report and obtaining approval from the relevant authorities.
- Sertifikat Laik Sehat (Certificate of Healthiness): If your business is involved in food and beverage handling, you must obtain a Sertifikat Laik Sehat from the local health authorities. This ensures that your business meets hygiene and sanitation standards to protect public health.
- Sertifikat Standar Usaha (Certificate of Business Standard): Businesses providing services to the public, such as hotels and restaurants, must obtain a Sertifikat Standar Usaha from the relevant authorities. This ensures that your business meets minimum quality and safety standards for customer protection.
Frequently Asked Questions
- What types of real estate investments are possible in Bali's Tourism Areas under KBLI Code 68120?
Investors can explore a variety of tourism-related real estate investments, including hotels, resorts, guesthouses, restaurants, cafes, bars, cultural attractions, adventure and recreational facilities, as well as transportation and support services.
- How does KBLI Code 68120 facilitate foreign investment in Bali's tourism real estate?
KBLI Code 68120 categorizes tourism area real estate activities, allowing foreign-owned companies to legally establish and operate various tourism-related businesses in Bali, enhancing the island's tourism infrastructure.
- What are the benefits of investing in Bali's tourism real estate market?
Benefits include tapping into a constantly growing tourism market, the potential for high returns on investment due to Bali's popularity as a destination, and contributing to the development of local communities and the preservation of Balinese culture.
- How important is obtaining an Amdal for real estate businesses in Bali's Tourism Areas?
Obtaining an Amdal is crucial for businesses with significant environmental impacts, ensuring that the development complies with environmental sustainability standards and contributes positively to Bali's ecosystem.
- Are there any specific marketing strategies recommended for real estate businesses in Bali's Tourism Areas?
Effective strategies include focusing on eco-friendly and culturally immersive experiences, leveraging digital marketing to reach global audiences, and building partnerships with local communities to enhance authenticity.
