These are the main question usually asked by foreign buyer or investor.
1) Can a Foreigner buy or own a property in Bintan Island?
1) Can a Foreigner buy or own a property in Bintan Island?
Regarding on foreigners buying properties in Indonesia.
For the Legal process of purchasing there are no problem, in fact there are many foreigners who bought lands and set up business or for residence here in Bintan Island. Many of them from Singapore, US, Korea, Malaysia, Australia, Italy, China, Japan and many more. The process of purchasing and documentation will be done by government district land office or notaries and a lawyer ( if require ) base on the law system here.
There are 4 option for foreigner buying property in Indonesia. Here are the options and all are legal and lawful.
Option 1: Freehold via a Indonesia National
Option 2: Freehold via a Indonesia limited company.
Option 3: Leasehold.
Option 4: PMA, Foreign Investment (set up a company in Indonesia, 100% own foreign equity company)
Option 1.
With nominee method,
an Indonesian citizen, foreigner or legal entity (including PMAs) is nominated to buy the land on behalf of the purchaser. Land Title deeds will thus be under the name of the nominee. The PPAT handling the land sale and transfer will simultaneously make a Power of Attorney giving the foreign purchaser total and exclusive authority to utilise, sell, transfer, or lease the land without any reference whatsoever from the nominee, along with a statement declaring that the money used the buy the land belongs to the foreign purchaser and not to the nominee.
The power of attorney must give the foreign party full beneficial rights on the property and must waive all rights of the nominee. The foreign party is then free to build on the land, sell or lease the property and transfer the title to next of kin. Often, the nominee will receive a nominal fee for his responsibilities as the title holder. It should be stressed that nominee agreements for land between Indonesian citizens and foreign persons are legally very weak, and will not hold up to legal challenge. Thus despite all legal agreements, the beneficial owner is ultimately
depending upon the goodwill of the nominee, and of the heirs to the estate of the nominee in the event that the nominee dies.
Option 2.
Shared Ownership more details please contact me
For the Legal process of purchasing there are no problem, in fact there are many foreigners who bought lands and set up business or for residence here in Bintan Island. Many of them from Singapore, US, Korea, Malaysia, Australia, Italy, China, Japan and many more. The process of purchasing and documentation will be done by government district land office or notaries and a lawyer ( if require ) base on the law system here.
There are 4 option for foreigner buying property in Indonesia. Here are the options and all are legal and lawful.
Option 1: Freehold via a Indonesia National
Option 2: Freehold via a Indonesia limited company.
Option 3: Leasehold.
Option 4: PMA, Foreign Investment (set up a company in Indonesia, 100% own foreign equity company)
Option 1.
With nominee method,
an Indonesian citizen, foreigner or legal entity (including PMAs) is nominated to buy the land on behalf of the purchaser. Land Title deeds will thus be under the name of the nominee. The PPAT handling the land sale and transfer will simultaneously make a Power of Attorney giving the foreign purchaser total and exclusive authority to utilise, sell, transfer, or lease the land without any reference whatsoever from the nominee, along with a statement declaring that the money used the buy the land belongs to the foreign purchaser and not to the nominee.
The power of attorney must give the foreign party full beneficial rights on the property and must waive all rights of the nominee. The foreign party is then free to build on the land, sell or lease the property and transfer the title to next of kin. Often, the nominee will receive a nominal fee for his responsibilities as the title holder. It should be stressed that nominee agreements for land between Indonesian citizens and foreign persons are legally very weak, and will not hold up to legal challenge. Thus despite all legal agreements, the beneficial owner is ultimately
depending upon the goodwill of the nominee, and of the heirs to the estate of the nominee in the event that the nominee dies.
Option 2.
Shared Ownership more details please contact me
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