FREQUENTLY ASKED QUESTIONS
Here is a list of questions that we get asked regularly. Should you have any other questions, feel free to get in touch directly.
What is the official legal name of Bali Investment Club and its address?
Jalan Raya Sanggingan No.36
Bali 80561, Indonesia
What other investments are available to BIC members?
What is a PT PMA?
What is the legal structure that supports my investment?
Where does BIC hold my funds?
What do the repayment schedules look like? Are they annual, quarterly, etc?
How does BIC manage my returns?
What is a typical interest rate paid by a "venture"?
What are the stand-by processes for non-payment of interest?
You charge a 5% fee per "share". For multiple shares still 5%?
Do you charge an investor 5% annual management fee over the total nominal value he/she invested in the CIC fund? Where does that money actually come from? Out of interest paid by ventures?
Can you explain how Withholding Taxes dealt with and structured? Who will do the tax reporting?
BIC retains tax amounts payable by investors and pays the taxes on behalf of investors (10% – 20%). Investors then receive the net capital gain amount and a receipt from the tax office that tax has been paid.
Can you elaborate on the 20% carried interest fee?
Can you run me through a typical investment with BIC?
Sure, here is what a basic investment would look like with BIC. In these scenarios, we assume that the principal is paid back as a separate transaction.
100% interest returns to the Investor Member should the invested project produce returns equal or below an annualised return rate of 10%.
E.g. $20,000 investment yields a $2,000 return in one year.
$2,000 before tax goes to the Member
80% interest returns to the Investor Member should the invested project produce returns above an annualised return rate of 10%.
E.g. $20,000 investment yields a $4,000 return in one year.
$2,000 before tax goes to the Member (for the 10% hurdle rule)
$1,600 before tax goes to the Member (20% commission applied for beating 10% hurdle)
$3,600 before tax goes to the Member
$ 400 goes to BIC