Clarification of How Investing in Property Works Here at BTPI.Co ;
1. Who's name is on the land certificate ?
With the "Nominee Ownership" service, the land certificate is in Alfafa (Wawa's) Murtany's name. To ensure the investing partners are protected we have set up 2 legal safe gaurds:
1a. Wawa has a Power Of Attorney letter between her and PT Bali Property Sukses wherein she gives POA to PT Bali Property Sukses.
1b. Wawa is married to Anton J. Cvet, (Dir of PT Bali Property Sukses & Pres of BTPI), with all their appropriate and proper paperwork in place in Indonesia addressing marital assets including prenup, wills and insurance.
"PT Bali Property Sukses" is an Indonesian company owned by Wawa and Anton where Anton is the Director with control via a POA from Wawa. The PT company has a exclusivity agreement with BTPI.Co to administer all its in-country functions.
2a. Each investor or group will have an agreement with the PT company to co-own and sell land in Indonesia.
2b. All parties involved (clients, investor group, PT Co.) all agree to operate through and using BTPI.Co. services exclusively, throughout the term of Indonesian project.
3. What if Wawa passes away?
Anton retains the property by 2 ways. One through marriage the 2nd through being director of PT co. Anton will have to list a new Indonesian nominee on the certificate but otherwise, the PT / Group agreement continues.
There is a pre nup in place. There are straight forward marital asset laws in place, the land certificate is guaranteed to the PT co. via a POA. The PT / Group agreement continues.
Thank goodness everyone has agreed to us BTPI.Co who's surviving partners will handle all the details via our notary in Indonesia.
About Partner Investor Groups:
6. How many People are involved in an investor group ?
Unless your a client with resources to operate as an individual investor, we will try to form groups of clients that will average thirds to sixths (3-6 clients). These investment groups will operate under a partnership agreement based on the juristiction of Hong Kong. Taxes are the responsibility of each individual client wherever they do taxes.
We are trying to keep groups small, like thirds to sixths of total investment with a minimum around us$ 30,000.
A client is making an agreement with 2-5 other clients to pool resources and buy "a" property. It is with a clear understanding that time is required and therefore all projects have a minimum timeframe of 3 years. During the first 3 years BTPI.Co will not entertain any client withdrawing from the project.
The meathod is the same before or after the 3 year minimum, the client wishing the withdraw, agrees that BTPI.Co will "attempt" to sell their share of the project to another client for no more than 15% of original portion value. BTPI.Co if successful in replacing the client/partner, will retain 5% fee, and after minor admin fee the client will receive their initial investment plus about 8%.
BTPI.Co is not a bank. I'm not a bag of money. Your making an agreement with other good people, your all putting money in, don't join in if your using money you need next year for some reason or other and i'm not spending time replacing people in the groups. You gotta be up for this investment.
10. What About American Clients.
Due to possible tax implications, any person who is in any way responsible to the USA IRS system must be grouped together in "an" investment group (or operate as an "individual" client). This "American" investor group will operate via a Wyoming Corporation with the PT company. This will slightly increase this groups administration and legal costs per project.
Should an individual or group wish to operate as a corporation, we can oblige this via an international corporation service easily with increased admin and legal costs. We have researched this and as far as liability is concerned, a corp offers nothing more than a partnership agreement not any real tax benefit.
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