Jokowi signs new government regulations on foreign property ownership - Media Indonesia World News

Jokowi signs new government regulations on foreign property ownership

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Jokowi signs new government regulations on foreign property ownership -
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In December, President Joko Widodo has signed a government regulation ( Peraturan Pemerintah PP ) on the property foreign house in Indonesia. The President's decision to sign the PP was to address previously ambiguous regulations on the issue of foreign property ownership in Indonesia.

PP No. 103 of 2015 defines foreigners residing in Indonesia than those who do not hold an Indonesian citizenship and contributing to the country through business, work or invest in the country. . " Orang Asing dapat memiliki rumah untuk tempat tinggal atau of man dengan Hak Pakai "

As indicated in the PP This is reflected in: foreign can own a home with the right to use ( Hak Pakai ). In this statement, "Orang Asing" refers to foreigners who hold a residence permit in Indonesia.

If a foreigner owning property with the right to use should die in Indonesia, the PP says that their home or residence can be inherited in a foreign heir, who must also have a residence permit .

The PP also states that Indonesians married to foreigners the right to own land like other Indonesians do.

property that foreigners are now allowed to possess are (a) Tunggal Rumah di atas Tanah (houses): (1) Right of use; or (2) Right of use of Hak Milik (right to property); (B) Sarusun (Rumah Susun Satuan) Apartments.

According to the PP, foreigners are allowed to own property for a period of 30 years which can be extended to 20 years. The PP says the right to renew after extension for a maximum period of 30 years.

PP No. 103 of 2015 also states that if the foreign owner or foreign heir, property is resident in Indonesia, they must either release or pass on their property in a year eligible party. Failure to comply within the period of one year will result in the government taking control of the property.

Further details on the release or transfer of the property rights of foreign home, according to the PP, are organized by the Ministry and head of the agency in the agricultural sector. The PP effectively apply from the moment it was announced by the Minister of Yasonna H. Laoly law on December 28, 2015.

Source: http://setkab.go.id/terbitkan- pp-Pemerintah-resmi-izinkan-orang-asing-Miliki-rumah-tempat-tinggal-di-indonesia

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