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 that any individual foreigner can own a land in Indonesia with status of Hak Pakai (Rights of Use) or through leasehold. The Rights of Use can be applied to either government land or Hak Milik (Freehold) land. Only Indonesia citizen may own land or property with the title of Hak Milik (Freehold Title). If foreign investor insists to own a freehold property, you can use Indonesian as a nominee, with numbers of contracts and other documents which must be prepared by and signed in front of an Indonesian qualified notary. These include the Purchase or Rental Contract for the property transferring the rights from the previous owner to the nominee; a Loan Agreement for the purchase/rental price between the investor and the nominee; and an irrevocable and transferable Power of Attorney to sell, transfer or otherwise dispose of the property and to represent the nominee in any dispute regarding the property, given from the nominee to the investor. The nominee will also be asked to hand over all original land titles to the foreign investor.

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