Property Investment: FOREIGNERS’ OPPORTUNITY
There are several ways that foreigner could have land in Indonesia.
According to Indonesia’s Act
Act No. 5 / 1960 about land main rule (UUPA). It has written that land in Indonesia only for Indonesian or organization, which have permission by the Indonesia government.
Chapter III, Article 21, UUPA says:
(1) Land in [...]
Which status is safe for foreigner to own land?
It depends on the needs. When the purchasers are two people or more the Right to Build On a Land (Hak Guna Bangunan) is the best, but setting up a PMA company is a must, without this one the status is only Right of Use (Hak Pakai). [...]
What is a Right to Build On a Land (Hak Guna Bangunan)?
Right to Build On a Land (Hak Guna Bangunan) is a right to build building on a particular land. It can be applied on government or Freehold (Hak Milik) land. It also can be registered to the Land Affairs, and they will issue the [...]
Leasehold is a purchasing directly between purchaser and the land owner by the lease agreement validated by the Indonesian notary but it is not registered in land affairs. Right of Use (Hak Pakai) is a right obtained from releasing of a certain right on the government or Freehold (Hak Milik) land. Therefore Right of Use [...]
Another thing and this very important to understand is Legal Aspect. Every country has different law about having property. In this article I will explain about legal aspect to have property in Bali, Indonesia, the most well known island in the world (more than Indonesia itself :).
Own a Property/Land in Indonesia Individually
The Land Code states [...]
