What is the process to buy a private island?
The private island and private beachfront acquisition and development process is straightforward although it can take an extended time to conclude, depending on the size of the purchase, the zoning
of the private island for sale and the development complexity. Key to ensuring the process runs smoothly, and as cost effectively as possible, is to ensure your local and contractor partners are capable, resourceful, and have a depth of knowledge and a local network that can best support your development aspirations. The Kepri Estates Private Island Blog has many articles on the options, processes and costs associated and here are the links to the Private Island FAQ and the Private Island Blog.
You will need a notary, a legal representative, a company delegate and a project manager, as a minimum to complete your development as efficiently as possible. For smaller developments these staff can be casually engaged as needed, and for larger projects you should consider permanent staffing or outsourcing to ensure you have resources to hand to deal with actions in a timely manner.
Where to buy a Private Island
First step is on a macro and micro level to find the site that suits your development aspirations, not only in terms of size and costs relative to your eco resort development plans, but also the topography,
bathymetry, beach number and length and whether you wish to value add, subdivide, develop a private estate, on sell the completed development, and similar considerations. Engage solid and reliable partners to source a site to your specifications, not theirs. Utilise services such as bespoke private island searches, private island tours to ensure you see the site, obtain as much footage, including drone and underwater footage, as you can during your site visit. The adage “start with the end in mind” is the best advice one could give.
How to Buy a Private Island
This is probably the easiest step as wherever you decide to buy your private island, you can be sure there will be procedures and processes, laws and decrees, and numerous regulations that will be in place, and in most cases, you will just “follow the process” and at the end of the process (assuming you have used reliable partners to assist you), the private island is now yours to develop.
How to Develop a Private Island or How to Develop an Eco Resort
In Kepri Estates’ opinion, this is the easy part. Once you have your private island, the predevelopment and development stages follow the regulations and approval processes, then standard project management and construction methods, and it is just a case of stepping through each “gate” in the process until you’re done. The numerous cases of developers running into issues can normally be traced back to either being
misinformed, or not following the process steps in the order (sequence) that they need to be done in. In the latter case, this often involves horror stories of delays, rework, added expenses and frustration.
In short, hire experts that know and follow the required processes and for more information check out 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.