How to invest in Indonesia
To buy property in Indonesia, a foreigner must typically find a property, engage a reputable notary ( solicitor ), obtain a “Hak Pakai” title (leasehold right), 30 years with 2x 30 year extensions , conduct thorough due diligence on the property’s legal status, pay necessary taxes and fees, and register the property with the Land Registry Office; note that foreign ownership is restricted and usually only possible through a leasehold arrangement with a “Hak Pakai” title.
Why Gili Gede?
Peace & Seclusion
Experience a laid-back atmosphere away from crowds, perfect for relaxation and rejuvenation.
Untouched Beauty
Soft sandy beaches, turquoise waters, and vibrant coral reefs make this island a tropical haven.
Incredible Marine Life
Snorkel or dive among stunning coral gardens and spot colorful fish, turtles, and other marine creatures.
Authentic Local Culture
Meet friendly locals, enjoy fresh seafood, and experience traditional Sasak village life.
Sailing & Island Hopping
Use Gili Gede as a base to explore nearby islands like Gili Asahan, Gili Layar, and Gili Rengit.
Key steps to buying property in Indonesia as a foreigner:
- Find a property: Search for a property that meets your needs and budget.
- Hire a local professional: Engage a reputable notary ( lawyer) , familiar with Indonesian property laws to guide you through the process.
- Understand ownership limitations: Foreigners cannot own freehold property (“Hak Milik”) in Indonesia and typically acquire a leasehold right (“Hak Pakai”) with a maximum duration.
- Due diligence: Conduct a thorough investigation of the property, including checking land certificates, zoning compliance, and any legal issues.
- Obtain a “Hak Pakai” title: This is the leasehold title that allows foreigners to own property in Indonesia.
- Negotiate the price and terms:Agree on a purchase price and contract terms with the seller.
- Pay necessary fees and taxes: Be prepared to pay various fees including registration fees, transfer taxes, and notary fees.
- Register the property: Complete the property registration process with the Land Registry Office.
For more information on investing in Indonesia, please contact:
Anthony Newhouse or Matthew Blundell at – admin@exploregilis.com