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PROPERTY OWNERSHIP FOR FOREIGN CITIZENS

In Indonesia's national land law, there is a principle of "Prohibition of Land Alienation" (gronds verponding verbrood), namely the prohibition of land ownership with rights other than usufructuary rights to be owned by foreigners. 

The consequence of this principle is that foreign nationals cannot own land with ownership rights in Indonesia (only permitted with usufructuary rights).

-This is regulated in articles 42 and 45 of Law no. 5/1960 concerning Basic Agrarian Regulations

-Article 39 PP No. 40/1996 concerning HGU, HGB and Land Use Rights

-PP No. 41/1996 concerning Ownership of Residential or Residential Houses by Foreigners Domiciled in Indonesia.

-But now, with the promulgation of PP No. 103/2015 (State Gazette No. 325/2015), which regulates “Or Ownership of Residential Homes by Foreigners/Foreigners Domiciled in Indonesia)” on December 28, 2015, the provisions in PP No. 41/1996 was declared repealed and no longer valid.

There are several conditions that must be met by foreigners to be able to buy property in Indonesia, namely:

1.       You may only buy property with a usufructuary certificate

2.       Have a Kitas (Limited Stay Permit Card) Based on Government Regulation Number 103 of 2015 article 2 paragraph 2.

3.       Only Single Houses and Apartments Foreigners can buy all types of property, only single houses and apartments are allowed. This rule can be seen clearly in Government Regulation Number 103 of 2015 article 1 paragraph 2 and 3.

4.   The Indonesian golden visa is stated in the Regulation of the Minister of Law and Human Rights (Permenkumham) Number 22 of 2023 concerning Visas and Residence Permits and the Regulation of the Minister of Finance Number 82 of 2023 which was promulgated on August 30, 2023.

5.       Minimum price is IDR 5 billion for house and IDR 2 billion for Apartments.

6.       Married with Indonesian citizen.

“Renting a villa or house by a foreigner without having a PMA PT is a violation of the law in Indonesia which can result in the foreign national being subject to deportation sanctions and the property being taken over by the government or returned to the previous Indonesian property owner”.

I can help you in this matter with a small budget condition, actually you can not buy land or house or villa in Bali according to Indonesian regulations regarding property ownership in Indonesia, because the minimum price allowed for foreigners to buy is worth RP 5 million or around 295k Euro or USD 300k (depend on exchange rate) specifically for property in Bali.

I provide advice and solutions so that you can have property in Bali, namely:

1.                   By using a nominee or you can use my name or

2.                   By using my company to buy property

3.                   And then I will give you long-term lease rights, which is for your lifetime.

Is this interesting to you?

If yes, let's continue the process and search for a property that suits you...

My Best Regards

I Wayan Sukarja