Now, Foreign Citizens Can Buy Property in Indonesia With Just a Passport

  

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By:

Team of Hukumindo

Previously, the www.hukumindo.com platform has talk about "Fees That Must Be Paid When Renting an Apartment in Indonesia", "6 Property Investment Tips in Bali for Foreigners", you may read also "Is the Property Sector in Indonesia Open to Foreign Investment?" and on this occasion we will discuss about ''.

The new policy of the Ministry of Agrarian Affairs and Spatial Planning/National Land Agency (Kemen ATR/BPN) means that foreigners can now buy property in Bali and other areas. The Bali Regional Office (Kanwil) of the Ministry of Law and Human Rights stated that all foreigners can buy and own property in Bali. This applies to foreigners holding all types of residence permits. "Yes, all types of residence permits are permitted. (Including Visa on Arrival)," said Head of the Bali Regional Office of the Ministry of Law and Human Rights, Anggiat Napitupulu.[1]

Anggiat explained that property ownership by foreigners in Bali and elsewhere in Indonesia is not dependent on the type of residence permit. However, there will still be restrictions, such as the type and price of property that foreigners can buy. The ATR/BPN Ministry will have the authority to determine the type and price of property for foreigners in Indonesia. Therefore, Anggiat believes that the property ownership policy for foreigners does not need to cause concern.[2]

"I think this is okay. Because the foreigner still has to have a residence permit when making a transaction. And ownership of the transaction will not determine the type of immigration residence permit," explained Anggiat. Based on the Decree of the Minister of Agrarian Affairs and Spatial Planning/Head of the National Land Agency Number 1241/SK-HK.02/IX/2022 concerning Acquisition of Residential/Residential House Prices for Foreigners, there are various minimum housing prices that can be purchased by foreigners, depending on the region.[3] And if you have any legal issue in Indonesia territory, contact us for business inquiry, feel free in 24 hour, we will be glad to assist you. 

*) For further information please contact:

Mahmud Kusuma Advocate

Law Office

Jakarta - Indonesia.

E-mail: mahmudkusuma22@gmail.com

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References:

1. "Kini, Bule Boleh Beli Properti di Bali, Cuma Modal Paspor-VoA", www.detik.com., Aryo Mahendro, 6 Agustus 2023, Diakses pada tanggal 15 Juni 2024, Link: https://travel.detik.com/travel-news/d-6860934/kini-bule-boleh-beli-properti-di-bali-cuma-modal-paspor-voa.

2. Ibid.

3. Ibid.