he process for foreigners buying pr

he process for foreigners buying property is difficult and made unclear by the laws in place. If it's residential property, a foreigner must sign a Convertible Lease Agreement by which the title is held in the name of the developer, while a lease is held for a certain period.

The Convertible Lease Agreement states that, if and when prevailing laws and regulations permit ownership of strata titles by foreigners, both the lessor and the lessee will have to sign a deed of sale and purchase, making the foreign lessee the owner of the property. In terms of land, foreigners do not have the right to own freehold land however they acquire the rights to use the land whilst never physically owning it.

The three options for foreigners buying property in Indonesia are as follows:

Through a ‘Penanaman Model Asing’ (PMA) Company - PMA is a status of doing business in Indonesia. A PMA company has 30 years to operate after formation and it can be extended by a further 30 years, and a further 30 additional years if it expands its company enough to require additional financial investment. This company can be owned fully by a foreigner.

The Right to Build (Hak Guna Bangunan – HGB) is available to PMA companies. The right to build or construct on land is valid for 30 years. This can be extended for an additional 20 years, and then for a further 30 years thereafter.

You will have to do the following to found a PMA company:

Submit a detailed business plan.
Operate in a business environment that adds value to Indonesia, specifically in terms of foreign skills, employment and environmental benefit.
Make an appropriate cash deposit in an Indonesian based bank. (The amount varies and is calculated from the capital employed in the business).
Show the property investment as an asset of the company.

The whole application process takes roughly 3 - 4 months and once completed the company can begin to apply for work permits for foreign directors. In the first year the company can apply for three permits. The cost of setting up a PMA company is roughly US $5,000.

Through a Leasehold Title - This can be granted to any long term staying foreigner that has a working or residency visa. The lease runs for 25 years and can then be renewed for a further 25 years on expiry. It is important to hire the help of a lawyer for the transaction and monetary exchange, and transactions must take place at the Indonesian Notary’s local office, Pejabat Pembuat Akta Tanah (PPAT), where the land is located.

Western buyers may be used to giving a deposit but it is not advisable as there is no code of conduct for estate agent companies in Indonesia and they have no legal reason to protect the best interests of the buyer. Stamp Duty of INR 6,000 (US$0.64) is needed for each document copy of the Land Deed and two copies are needed.

There are both registered and unregistered land options for purchase, registered being certified land that registered at the local land office. Unregistered land (Adat land) is community owned, therefore any land purchase must be investigated to determine whether it is government or community registered land.

The complete application process of registering a property takes about seven steps and will last for roughly forty-two days.

Through an Indonesian representative - It is common for an Indonesian representative to serve as an intermediary and acquire land for the purchaser. Ownership of the land therefore passes from the previous owner to your representative. For the buyer’s safety, three agreements must be met with the Indonesian representative. They are as follows:

Loan Agreement – this states that the foreign buyer lent the purchase price to the Indonesian representative.
Irrevocable Power of Attorney – this gives the foreign buyer full authority to sell, lease, mortgage, etc. the land.
Permanent Right of Use Agreement – this gives the foreign buyer full rights to the use and occupancy of the land.

Hasil (Inggris) 1:

He process for foreigners buying property is difficult and made unclear by the laws in place. If it's residential property, a foreigner must sign a Convertible Lease Agreement by which the title is held in the name of the developer, while a lease is held for a certain period.The Convertible Lease Agreement states that, if and when the prevailing laws and regulations permit ownership of strata titles by foreigners, both the lessor and the lessee will have to sign a deed of sale and purchase, making the foreign lessee is the owner of the property. In terms of land, foreigners do not have the right to own freehold land, however they acquire the rights to use the land whilst never physically owning it.The three options for foreigners buying property in Indonesia are as follows:Through a ' Foreign ' Model of Planting (PMA) Company – PMA is a status of doing business in Indonesia. A PMA company has 30 years to operate after formation and it can be extended by a further 30 years, and a further 30 additional years if it expands its company enough to require additional financial investment. This company can be fully owned by a foreigner.The Right to Build (Building use rights – HGB) is available to PMA companies. The right to build or construct on land is valid for 30 years. This can be extended for an additional 20 years, and then for a further 30 years thereafter.You will have to do the following to found a PMA company: Submit a detailed business plan. Operate in a business environment that adds value to Indonesia, specially in terms of foreign skills, employment and environmental benefits. Make an appropriate cash deposit in an Indonesian-based bank. (The amount varies and is calculated from the capital the self-employed in the business). Show the property investment as an asset of the company.The whole application process takes roughly 3-4 months and once completed the company can begin to apply for work permits for foreign directors. In the first year the company can apply for three permits. The cost of setting up a PMA company is roughly US $ 5,000.Through a Leasehold Title-This can be granted to any foreigner staying long term that has a working or residency visa. The lease runs for 25 years and can then be renewed for a further 25 years on expiry. It is important to hire the help of a lawyer for the transaction and monetary exchange, and transactions must take place at the local office, Notary's English land deed official (PPAT), where the land is located.Western buyers may be used to giving a deposit but it is not advisable as there is no code of conduct for estate agent companies in Indonesia and they have no legal reason to protect the best interests of the buyer. Stamp Duty of EUR 6,000 (US $ 0.64) is needed for each document copy of the Deed of Land and two copies are needed.There are both registered and unregistered land options for purchase, registered being certified land that registered at the local land office. Unregistered land (Indigenous land) is community owned, therefore any land purchase must be investigated to • determine whether it is government or community registered land.The complete application process of registering a property takes about seven steps and will last for roughly forty-two days.Through an Indonesian representative-It is common for an Indonesian representative to serve as an intermediary and acquire land for the purchaser. Ownership of the land, therefore passes from the previous owner to your representative. For the buyer's safety, three agreements must be met with the Indonesian representative. They are as follows: Loan Agreement-this states that the foreign buyer lent the purchase price to the Indonesian representative. Irrevocable Power of Attorney – this gives the foreign buyer the full authority to sell, lease, mortgage, etc. the land. Permanent Right of Use Agreement – this gives the foreign buyer the full rights to the use and occupancy of the land.

Hasil (Inggris) 2:

he process for foreigners buying property is difficult, and made ​​unclear by the laws in place. If it's residential property, a foreigner must sign a Convertible Lease Agreement by the which the title is held in the name of the developer, while a lease is held for a on certain period. The Convertible Lease Agreement states that, if and when the prevailing laws and regulations permit ownership of strata titles by foreigners, both the lessor and the lessee will have to sign a deed of sale and purchase, making the foreign lessee the owner of the property. In terms of land, foreigners do not have the right to own freehold land however they acquire the rights to use the land whilst never physically owning it. The three options for foreigners buying property in Indonesia are as follows: Through a 'Foreign Investment Model' (PMA) Company - PMA is a state of doing business in Indonesia. A PMA company has 30 years to operate and after formation, and it can be extended by a further 30 years, and a further 30 additional years if it expands its company enough to require additional financial investment. This company can be fully owned by a foreigner. The Right to Build (Hak Guna Bangunan - HGB) is available to PMA companies. The right to build or construct on land is valid for 30 years. This can be extended for an additional 20 years, and then for a further 30 years thereafter. You will have to do the following to found a PMA company: Submit a detailed business plan. Operate in a business environment that adds value to Indonesia, speci in terms of foreign skills, employment and environmental benefits. Make an NAMAs cash deposit in an Indonesian based bank. (The amount varies and is calculated from the capital employed in the business). Show the property investment as an asset of the company. The whole application process takes roughly 3-4 months and once completed the company can begin to apply for work permits for foreign directors. In the first year the company can apply for three permits. The cost of setting up a PMA company is roughly US $ 5,000. Through a Leasehold Title - This can be granted to any foreigner staying long term that has a working visa or residency. The lease runs for 25 years and can then be renewed for a further 25 years on expiry. It is important to hire the help of a lawyer for the transaction and monetary exchange, and transactions must take place at the Indonesian Notary's local office, Officer Deed Land (PPAT), where the land is located. Western buyers may be used to giving a deposit but it is not advisable as there is no code of conduct for estate agents companies in Indonesia and they have no legal reason to protect the best interests of the buyer. Stamp Duty of INR 6,000 (US $ 0.64) is needed for call now document copy of the Land Deed and two copies are needed. There are both registered and unregistered land options for purchase, being certified registered land that registered at the local land office. Unregistered land (Indigenous land) is a community-owned, therefore any land purchase must be investigated the to Determine whether it is government or community registered land. The complete application process of registering a property takes about seven steps and will last for roughly forty-two days. Through an Indonesian representative - It is common for an Indonesian representative to serve as an intermediary and acquire land for the Purchaser. Ownership of the land therefore passes from the previous owner to your representative. For the buyer's safety, three agreements must be met with the Indonesian representative. They are as follows: Loan Agreement - this states that the foreign buyer lent the purchase price to the Indonesian representative. Irrevocable Power of Attorney - Gives the foreign buyer this full authority to sell, lease, mortgage, etc. the land. Permanent Right of Use Agreement - this Gives the foreign buyer full rights to the use and occupancy of the land.