Among the proposed revisions to Law No. 5/1960 is the simplification of permits into property ownership documents and land use rights. The current regulations consist of a slew of complicated permits such as Building Use Rights (Hak Guna Bangunan HGB) and Commercial Use Rights (Hak Guna Usaha HGU), Property Ownership Rights (Hak Milik) and Land [...]
Property Investment: FOREIGNERS’ OPPORTUNITY
There are several ways that foreigner could have land in Indonesia.
According to Indonesia’s Act
Act No. 5 / 1960 about land main rule (UUPA). It has written that land in Indonesia only for Indonesian or organization, which have permission by the Indonesia government.
Chapter III, Article 21, UUPA says:
(1) Land in [...]
Which status is safe for foreigner to own land?
It depends on the needs. When the purchasers are two people or more the Right to Build On a Land (Hak Guna Bangunan) is the best, but setting up a PMA company is a must, without this one the status is only Right of Use (Hak Pakai). [...]
