Toko Bunga 24 Jam
Toko Bunga 24 Jam
Showing posts with label property law. Show all posts
Showing posts with label property law. Show all posts

Friday, May 24, 2013

What do foreigners have to do if they want to use an Indonesian nameholder?

What do foreigners have to do if they want to use an Indonesian nameholder? 
It is best to use a well known company to arrange your contracts, and it is not unusual to ask a second opinion about the contracts. Important issues are inheritage and marriage. A foreigner married to an Indonesian woman, needs to have a marriage contract f.i.

Procedures for Property Acquisition. All transactions of land rights must be via deeds executed before a land deed official at the local office of the Pejabat Pembuat Akta Tanah (PPAT) where the land is located and must be registered in the regional office of the National Land Agency. The PPATs are privately managed offices (usually run by a notary) authorized by the National Land Agency to handle land acquisition matters. Although there is no regulation that contracts have to be in Indonesian language, it is recommended having contracts and agreements always drawn up and executed in Bahasa Indonesia (or two languages) to prevent later arguments that the local partner did not fully understand the content.

Indonesia Property Law and Ownership Guide

Please note that the information here supplied is to be used as a guide only . For exact information please consult a lawyer or notary in your area, and seek advise from foreigners who have been living in Bali for some time. There are exceptions on the information here supplied, depending on the area of Indonesia, rules in Batam and Jakarta are different. There are "decrees" with exemptions. In general one can conclude that that there many unclear areas in the Indonesian law, but it is generally safe to aquire properties.

Can a foreign person or other foreign entity legally purchase property in Indonesia?