Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Three Score Rental Soon Possible
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Three Score Rental Soon Possible

Property Ownership Still Taboo for Foreigners in Indonesia, But 60 Year Leasehold by Non-Indonesians to Soon be Possible


Bali News: Indonesia, Property Law, Hak Milik, Hak Paki, Hak Guna Bangunan, Lease, Basic Agrarian Law, National Constitution, Minister of Public Housing, Djan Faridz, 60-year leasehold, freehold
Click Image to Enlarge

(1/8/2012)

The desire of the Minister of Public Housing, Djan Faridz, to give full property ownership rights to foreigners has run afoul of the National Constitution and the Basic Agrarian Land Act. As an alternative and in order to encourage foreign capital investment in the property sector, the right to rent or lease land will soon be extended to an initial 60 year period, an increase over the current limit of 25 years.

The government plans to issue the new regulation allowing 60 year lease holds is expected to published by late January.

Under the former Basic Agrarian Law instituted in 1960 foreigners were eligible to obtain a Hak Pakai -- Right to Use Title for a maximum period of 25 years, extendable for additional sequential increments 20 years and 25 years.

The new law still limits foreigner to the rental of property, but now for an initial contract period of 60 years.

The Minster of Public Housing had originally promised to open property ownership to foreigners by opening Hak Guna Bangunan - Building Rights Title, short of the actual outright ownership of land. This idea, however, appears to be a concept that is anathema to the Basic Agrarian Law and the National Constitution.

Caveat Emptor

Despite advertisements in Bali offering freehold property title, the Indonesian law remains absolutely clear on the point that the Indonesian equivalent of Hak Milik is the exclusive right of Indonesian citizens. Efforts to contravene this prohibition on foreign ownership of land through absolute powers of attorney and nominal ownership secured by nebulous loan agreements are “legal constructs” proven likely not to stand the test of time, legal challenge or close scrutiny by tax officials.

Related Articles

[Regulation of Property Ownership by Foreigners]

[Bali Property Ownership by Foreigners]


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Plaga Wine
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
When Meeting Planners Meet
‘Thank You’ Party held for Members of the Bali MICE Initiative
(2/7/2016)
A Record Year
Bali by the Numbers: Bali Tops 4 Million Visitors in 2015
(2/7/2016)
Enter the Year of the Monkey
Bali Expecting a Surge in Chinese Visitors for Lunar New Year
(2/7/2016)
When Helping Others is Highly Fashionable
Bali Smile Foundation Fashion Show Sales and Fund Raiser in Ubud, Friday, February 26, 2016
(2/8/2016)
The Evil of Advertising
Denpasar Government Begins to Dismantle Roadside Advertising for Cigarettes
(2/7/2016)
Reclaiming Sanity
Tourism Experts Warn Reclamation of Benoa Bay will Only Worsen Critical Over-Supply of Hotel Rooms in Bali
(2/7/2016)
Interview: Rainy Hendriany – Foreign Ownership Update
Foreign Property Ownership in Indonesia – One Step Forward and Two Steps Back?
(2/8/2016)
Half a World is Now Just One Flight Away
United Airlines to Introduce 15-Hour Non-Stop San Francisco to Singapore in June 2016
(2/7/2016)
London Calling
Garuda Indonesia to Fly to London from Jakarta Starting March 31, 2016
(2/7/2016)
Drawing Lines in the Sand
Villagers Issue Deadline Ultimatum of March 20, 2016 to Hotel InterContinental Canggu
(2/7/2016)
Pass the Popcorn!
10th BALINALE Bali Film Festival September 24-30, 2016
(2/7/2016)
Tiger Shows it Stripes
TigerAir Reveals the Look of Planes to be Operated on Oz to Bali flights.
(2/7/2016)
All [News]!