LAND AND PROPERTY OWNERSHIP FOR FOREIGNERS
For foreigners, investing in property in Indonesia is a good plan, as Indonesia has a wide variety of unique cultures and customs. The obstacle sometimes faced is whether or not foreigners are allowed to buy and own property in Indonesia. With a lot of conflicting news about this matter, investors often feel confused about the truth of the information.
In fact, foreigners can own property in Indonesia with some conditions. In Indonesia, there are several types of land/property ownership rights, of which two of them, with conditions, can be owned by foreigners, namely:
• Building Rights or Rights to Built.
• Usage Rights or Right of Use.
To support Indonesia’s domestic economic growth and attract private foreign investors within the land and property sector, the governments set new requirements and procedures to allow foreigner to own land and property in Indonesia. Normally, in order to obtain the above property rights, the certain condition that the foreigners should have are:
• Owned a legal business entity in Indonesia.
• Having a residence permit in Indonesia (KITAS/KITAP).
As a business consultant, surely, the process of asset and property ownership for foreigners is one of the services we are used to doing. We also have quite a list of property listings that are used as references for investors’ investment plans. Therefore, if you are looking for property in Indonesia, please contact us, because we have a lot of experience about property. We have the advantage that not only will you get a property but we will always accompany you until the process is complete and you will understand how to manage your property.
We can assist you to make your investment plan in Indonesia hassle free. We will guide you through every step so you can avoid negative risks which will give disadvantage for you. We will provide you with legal analysis pursuant to the current regulation and we can adjust it with your specific conditions.
Disclaimer
The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. Besides, the law and regulations in Indonesia subject to frequent changes. Please contact us as your consultant to get an up to date information and accurate advice. More Information click here and You can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.
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FAQ
Foreigners in Indonesia can typically own leasehold property, which includes residential and commercial buildings, apartments, and villas. Freehold ownership of land is generally restricted to Indonesian citizens and certain entities.
The duration of land or property leases for foreigners in Indonesia varies depending on local regulations and agreements negotiated with the landowner or property developer. Lease periods commonly range from 25 to 30 years and can sometimes be extended.
While foreigners can lease land and property in Indonesia, they are generally prohibited from owning freehold land outright. Additionally, there may be restrictions on the maximum land area that can be leased and requirements to obtain government approval for certain transactions.
Yes, foreigners can establish Indonesian companies or other legal entities to purchase property in Indonesia.
The steps for leasing land or property as a foreigner in Indonesia typically include finding suitable property, negotiating lease terms, conducting due diligence, drafting lease agreements, obtaining necessary permits or approvals, and registering the lease with relevant authorities.
Yes, there may be taxes and fees associated with leasing land or property in Indonesia, including leasehold taxes, value-added tax (VAT), and registration fees. It's essential for foreigners to understand and budget for these additional costs.
Foreigners seeking information and assistance regarding land and property ownership in Indonesia can consult with legal advisors, real estate professionals, government agencies, and online resources specializing in property regulations and investment guidelines for foreigners.