| Issue Number : 741

Relaxation of Property Ownership by Foreign Citizens in Indonesia: An Introduction

Overview

The issuance of Law No. 11 of 2020 on Job Creation (“Job-Creation Law”)[1] has been a breath of fresh air for those that run property businesses by allowing foreign citizens to own multistory housing units, a move which, it is hoped, will ultimately boost the country’s overall investment climate, specifically within the land and property sector.[2]

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Overview

The issuance of Law No. 11 of 2020 on Job Creation (“Job-Creation Law”)[1] has been a breath of fresh air for those that run property businesses by allowing foreign citizens to own multistory housing units, a move which, it is hoped, will ultimately boost the country’s overall investment climate, specifically within the land and property sector.[2]

......

Subscribe to read more legal analysis.

Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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