MOVE ABROAD FOR RETIREMENT IN INDONESIA

MOVE ABROAD FOR RETIREMENT IN INDONESIA

We speak about BALI

Bali preserved its Hindou religion

The cost of living is much lower that in France, 60% approximately

The prices of foodstuffs is very low, unbeatable. It's easy to find foodstuffs

On local market. However manufactured goods are expensive, equal prices

In France.

A meal in local restaurant costs from 4€ to 6€, one coffee 0,40€

It's recommanded to drink only bottled water.

The internet connection isn't still very reliable. For a good connection,

The price is from 18€ to 25€

The cost of oil less than for France (43%)

To have an amployee, it costs 100USD a month

Prices of Real Estate are competitive

Example: A big house furnished with swimming pool and garden costs

From 180 000€ to 300 000€

Important: in Indonesia a foreigner cannot be an landowner.

Financial system

The financial system is strong and wasn't by the economic crisis in 2008

The local currency is Rupee (IDR).  1€ = 16 390 IDR

Local taxation

of the highly-rated of the tax system, Bali is a very tempting destination.

If you get your retired man's visa, you Will be considered as permanent resident by the indonesian authorities. Then it Will be necessary to register

For you with fiscal local service to have taxpayer's number.

The icome tax is progressive with max. of 30% beyond 30000€

The taxable base is wide. She consists of the set of income except retirement pensions to be declared in France and of the product of your movable and real estate assets except your income of French landed property to be declared in France. The interests and the dividends are then subjected to the general diet, the movable and real estate capital gains are also subdued to the general system. However  neither the capital is taxed nor its transmission. No wealth taxes and no inheritance rights.