Table of Contents
Can a foreigner own land in Indonesia?
For many years Indonesia has decreed that land in Indonesia can only be owned by Indonesian citizens. Thus, if you want to buy a house (as a foreigner), this would have been legally impossible. As stated in this law, foreigners are only permitted to purchase land or homes under the “Right to Use” (Hak Pakai) title.
Can foreigner buy properties in Indonesia?
Can foreigners own freehold property in Indonesia? No, foreigners are not allowed to own freehold property in Indonesia. Instead, we can lease or own properties under other arrangements, such as right-to-build or right-to-use contracts.
Can a foreigner build a house in Bali?
The only way foreigners can safely invest in property or buy land in Bali is by owning an Indonesian legal entity- a PT PMA. Property owned by a foreigner may not be freehold ownership, but the Right to Build and Right to Use titles give you clear legal grounding.
Can foreigners buy apartment in Jakarta?
In Jakarta, a foreigner is not permitted to buy a new property or an established property, not even of apartments and condos. Foreigners can only lease the property or acquire the right to use.
Can foreigners buy property in indindonesia?
Indonesia opened the property market to those foreigners who reside (legally) in Indonesia. However, it also set tough requirements regarding foreign ownership of Indonesian property. Moreover, it remains nearly impossible for expats to obtain a local mortgage to finance the purchase of property.
What is the best way to buy land in Indonesia?
– Right to build (HGB) which is the safest way to acquire land. The pros of this title: 1) a foreigner can hold land through a 100\% foreign owned company for 80 years which is the longest the Indonesian law allows; 2) the foreign-owned company name goes on the land certificate, thus the foreigner has a full control over the land.
What happens to your property rights when you leave Indonesia?
When the expat leaves Indonesia to reside in another country, he/she needs to release or transfer the right-of-use to another person who meets all requirements to own property in Indonesia (this can be another foreigner or an Indonesian citizen) within one year after his/her departure from Indonesia.
How to make better property investments in Indonesia?
In this article, we’ll give you a step by step guide on how to make better property investments in Indonesia. The safest way to purchase property is to register a foreign-owned company (PT PMA). Your PT PMA can buy property (except land) with the Right to Use title.