The Offer and Acceptance (O and A) document is legally compliant and serves to simply, and equitably for both the buyer and the seller, allow the transfer of land to foreign owned entities. The contract has
been drafted to minimise complication, give clarity to all parties, clearly outline expectations and minimise risk.  The offer and acceptance contain all the details of both the buyer(s) and the seller(s), the land area, the pricing, an outline of the process and a set of conditions set by either the buyer or seller (or both). At this point in time, the offer is conditional, and the deposit is refundable.  The individual steps are.
Typical conditions may include.
a. The maximum period between acceptance of offer and payment of deposit.
b. The period for the purchase to complete after all O and A conditions have been met.
c. The BPN (Indonesian lands authority) verification of title boundaries and points.
d. Access to the property for the purposes of predevelopment works by the purchaser.
e. Proof of funds to the value of the property being purchased.
f. KYC and KYB on either the buyer or the seller (or both).
g. The purchaser to establish all requirements for purchase within a certain time.

Kepri Estates has several O and A templates to suit all types of private island investments, types of sellers (corporate or individual), and site types from multi island to small land areas.

More information on the offer and acceptance and the investment processes can be found in Kepri Estates comprehensive Anambas Guide that can be downloaded for offline review at your convenience.

Further information on the investment process, transaction costs and corporate establishment processes can be found below.

• Corporate Establishment for private island purchasing
• Private island investment process
• Private island purchasing costs

Check out the video below for a deep dive into private island investment due diligence.