Foreword The foreign ownership over property in Indonesia is derived from Agrarian Law which allows the foreign citizen to acquire right of use (hak pakai) as well as lease right (hak sewa)....
Eddy Leks was interviewed by Marcopolis on Real Estate Law in Indonesia, specifically on Property Laws in Indonesia : “Can Foreign Investors Own Land?”. Marcopolis presents Indonesia Report focused on topics such as investments, doing business, economy and regional...
Background Governor of Jakarta on 24 August 2016 issued a regulation on the exemption of license to use and develop land (“Pergub No. 166/1016”). The regulation will become effective as of 29 August 2016. Pergub No. 1 66/2016 replaces the old regulation No. 76 of...
As Indonesian government action to provide opportunity for foreigner to own residence in Indonesia, the Government has enacted Government Regulation Number 103 of 2015 on House or Residence Ownership by Foreigner Domiciled in Indonesia (“PP No. 103/2015”) and its...
Our Managing Partner, Eddy Leks was interviewed by Marcopolis on Real Estate Law in Indonesia, specifically on Property Laws in Indonesia : "Can Foreign Investors Own Land?". Marcopolis presents Indonesia Report focused on topics such as investments, doing business,...
Background Under the Law Number 3 Prp of 1960, lands that were owned by Dutch citizens and have not been nationalized under Law Number 86 of 1958, is controlled by the state and will be granted to the rights holder through sale and purchase (“P3MB”). Further, under...
According to the principal of local law, only people with true Indonesian citizenship have the right to own a land in Indonesia. Individual foreigner who happened to be domiciled in the country may only allowed to have a private property or a home over a particular...
This Agrarian State Minister Regulation explains about the requirements of residences ownership by foreigners, within the frameworks of the implementation of the Government Regulation Number 41 Of 1996 On Residences Ownership by the Foreigners Who Are Domiciled in Indonesia (the “GR No. 41 of 1996”). The Foreigners on GR No. 41 of 1996 are the foreigners who own and maintain the economic interests in Indonesia by implementing an investment to have a residential in Indonesia.
The Government of Indonesia has been trying to find a way to provide more flexibility for a foreigner and foreign entity to own a property in Indonesia. One of the intentions is also to improve the property market in Indonesia. At this moment, the Government has been...