Legalities

New Regulation on Indonesia Property Ownership for Foreigners: Too Good To Be True?

16 Sep , 2015  

Indonesia Property

In yet another twist, Jokowi’s administration, through Agrarian Minister, Ferry Mursyidan Baldan, said that it will ease the ownership restriction of Indonesia property imposed upon foreigners. “The regulation will include details on ownership periods, requirements, and rights and obligations of expatriates who will be granted the right to purchase and own property in Indonesia,” the minister […]

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Legalities

No more KITAS?

25 Aug , 2015  

President Jokowi

The hottest news in the expats world of Indonesia is that the government soon will revoke KITAS requirement for foreign workers. In recent cabinet meeting, President Joko Widodo (pictured above) reportedly said that he will scrap everything that comes in the way of creating conducive climate for investors. Along with KITAS requirement, the requirement for […]

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Legalities

Why is Bedforest in Rupiah only?

16 Aug , 2015  

1 rupiah bill Indonesia

Indonesia’s central bank has banned the use of foreign currencies for domestic transactions under regulations issued last week and effective July 1, 2015, aimed at controlling onshore demand for dollars and easing downward pressure on the rupiah. The rupiah is the worst-performing currency in emerging Asia this year and has been trading around its weakest […]

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