i n v e s t   ,    e x p e r i e n c e   &   e x p l o r e 
        s e c u r e   o w n e r s h i p  s t r u c t u r e . . . . .

Key links: TERMS & CONDITIONS  OWNERSHIP STRUCTURE   RETURN on INVESTMENT   LEGAL OPINION LETTER

Your investment is secured by our proven ownership structure based on advice from our international legal experts in Asia and the British Virgin Islands. Click here to view an opinion letter from an expert in Indonesian land  law.

 Investment installments are linked to construction  progress so your funds are secured by real assets on the ground at each stage up till completion.

Purchase Price
 USD
 $95,000

Non-refundable reservation deposit
 USD
         $2,500

Deposit on signing of contracts/letter of intent

 USD
     $22,500
Balance due on project stages
 USD
 $70,000
30%
 Of balance on signing: Management/Development/Shareholders/Sales Agreements
 USD
 $21,000
30%
 Of balance on completion of components
 USD
        $21,000
30%
 of balance on  completion of  building works
 USD
        $21,000
10%
 of balance on completion of furnishing & fit-out.
 USD
       $7,000

The following terms and conditions apply:
  • Initial Payment must be received  within 7 days of signing the Letter of Intent or the  Project Owners company has the right to offer the villa to another  person.
  • Agreements must be signed within 14 days of provision, or the villa may be offered to another person and your deposit refunded without interest and less any bank charges, wire transfer fees and applicable taxes.
  • Once agreements are signed a 3% per month interest charge will apply  until the amount due is paid in full.
  • Once the agreements are signed, a cancellation fee equal to 50% of Purchase Price or relevant part applies prior to construction.
  • Once the agreements are signed, a cancellation fee equal to 50% of Purchase Price or relevant part applies prior  after construction has begun.
Click to see detailed  terms & conditions of purchase &  RoI

Owners Agreements
Each owner will be protected by  the following agreements:
  • Letter of Intent from the purchaser to  the resort development  and management company  (MRM Ltd)
  • Sales & Purchase Agreement signed by the purchaser and the villa holding company ( MVH Ltd)
  • Villa Development Agreement between the purchaser and the villa development company (MRM Ltd)
  • Villa Management Agreement between the purchaser and the villa management company (MRM Ltd)
  • Members Agreement between the purchaser and the villa holding company (MVH Ltd)
Click to see terms & conditions of use

Ownership Structure
All owners are collectively protected by a series of agreements between the following companies
  • PT Mentawai Sanctuary (PMA)  is assigned leases for the real property (available for review on request)
  • PT Mentawai Sanctuary  appoints Mentawai Resort  Management Ltd to develop and manage the project
  • PT Mentawai Sanctuary  is owned and controlled by Mentawai Villa Holdings Ltd (BVI) 51% and Mentawai Resort Management Ltd (BVI)  49%
  • Villa owners hold a share each in Mentawai Villa Holdings Ltd (BVI)
Click to see the full ownership structure

Advantage of this structure
This proven ownership structure incorporates all "best practice" safeguards under current laws yet provides a clean and tax efficient path for owners wishing to sell their villas in the future.

 Applicable laws
Although the lease of land is governed by Indonesian laws, all agreements signed by the purchaser are governed by the laws of British Virgin Islands. Any claims or disputes will be arbitrated according to International Trade Law in Singapore.

Project Licenses & Decrees
In addition to normal legal documentation required by all Indonesian projects there are a number of special Laws and Regional Regulations that offer additional protection for investors in Mentawai.


PERDA No 16 CLICK THE IMAGE  TO ZOOM
New tourism laws are focused on "managed tourism" and many aspects of this new legislation were adopted from Maldives Tourism Laws. With the recent announcement of the 5 companies issued with 15 year Marine Tour Licenses, implementation can begin in earnest. The key issues adressed by the new  laws include:
  • All tourists must stay in licensed facilities
  • Marine Tour Operators limited to 5
  • Each company limited to operate 6 boats with a combined total of 50 passengers.
  • All MTOs must build and operate properties on land.
  • Buffer zones will protect land based investment.
  • Resort owners can determine the carrying capacity of waves in their buffer zones on the day.
  • MTOs must pay $3* pppd retribution fees to the Government Treasury *subject to revision
In September the MTOs formed an Association and negotiations are under way with Government agencies responsible for administration of new regulations that are based on PERDA No 16. 

These new laws can only enhance future property values in the Mentawais.

SK BUPATI - MWB CLICK THE IMAGES  TO ZOOM
PERDA No. 16 empowers the BUPATI of the Mentawais to evaluate applicants for the five MTOs allowed under the new PERDA No 16 laws.  
Successful applicants meeting all the prerequisite conditions have been issued a Surat Keputusan (SK) or "decree" that defines resort locations, capacity, annex  locations and each buffer zone area.

Click on the images to the right to view the SK for our affiliate company PT Mentawai Wisata Bahari. A translation of this and our other group SK's is available for review.

These Marine Tour Operator's Licenses are valid for 15 years subject to compliance with prevailing laws and local regulations.



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