Restrictions on foreign investment in Indonesia are regulated by the Negative Investment List. There are lists of industries for which foreign investment is open (up to a certain percentage of its capitalisation), for example: A construction services business is open for up to 67% foreign investment (70% if the foreign investor is from an … Investing in Indonesia – Investment Restrictions
By Denny Rahmansyah For domestic investors, Indonesian law recognizes various corporate vehicles, including those with (i) non-legal entity status, such as a (a) maatschap (civil partnership), (b) firm and (c) comanditer venootschape (limited partnership, or CV); or (ii) legal entity status, such as a limited liability company (perseroan terbatas, or PT) or co-operative. Small to … Real Estate Investment Vehicles in Indonesia
SSEK managing partner Denny Rahmansyah has been named a leading lawyer in Indonesia for real estate in The Legal 500 Asia Pacific 2020 guide to outstanding lawyers and law firms in the region. Denny was the only lawyer in Indonesia recognized by The Legal 500 as a Leading Individual for Real Estate. SSEK was also named … SSEK Partner Denny Rahmansyah Named Leading Lawyer in Indonesia for Real Estate
By Denny Rahmansyah Building construction in Indonesia must adhere to technical requirements as imposed by the government. Government Regulation No 36 of 2005 regarding the Implementation of Law No. 28 of 2002 regarding Building (GR 36/2005) imposes an \"intensity requirement‚Äù for the construction of a building, whereby a building must be constructed not exceeding certain … Legislative and Governmental Controls Applicable to Design, Appearance and Method of Construction in Indonesia
SSEK has assisted Ovolo Group, an award-winning luxury boutique hotel brand headquartered in Hong Kong, with the acquisition of a resort hotel in Bali. Ovolo acquired Citadines Kuta Beach Bali, an upmarket serviced apartment/hotel development located near the popular tourist areas of Seminyak and Legian. This is the group’s first property outside of Hong Kong … SSEK Acts for Ovolo Group in Bali Resort Acquisition
By Denny Rahmansyah If soil pollution or environmental contamination is already present when the buyer in a real estate transaction in Indonesia becomes the legal owner of the land, it is possible the buyer will be responsible for such pollution or contamination, unless the buyer can prove that it did not cause the pollution or … Indonesia Real Estate Transactions – Soil Pollution or Environmental Contamination
By Denny Rahmansyah Indonesian law is silent as to the warranties that should be given in a real estate sale transaction, by both the seller and the buyer. Representations and warranties, as well as the buyer\'s remedies for the seller\'s misrepresentation, in a real estate sale transaction shall be freely agreed between the seller and … Representations and Warranties in an Indonesian Real Estate Sale Transaction
By Denny Rahmansyah Buyers normally engage local legal counsel to conduct real estate due diligence. The legal counsel will coordinate directly with the seller and, when necessary, the seller\'s Land Deed Official (Pejabat Pembuat Akta Tanah, or PPAT) to obtain the documents to be reviewed and collect the necessary information on the land and the seller. … Real Estate Due Diligence in Indonesia
Below are the types of land titles that can be acquired in Indonesia and the parties that are permitted to acquire each of the specific titles: Right of Ownership (Hak Milik, or HM) – Indonesian individuals and specific Indonesian institutions; Right to Build (Hak Guna Bangunan, or HGB) – Indonesian individuals and Indonesian companies; … Categories of Property Rights in Indonesia
SSEK has assisted MNC Land, a leading Indonesian property company, in its collaboration with Trump Organization on the “Trump Residences Indonesia,” two ultra-luxury integrated developments in Bali and Lido, Bogor. SSEK was the only Indonesian law firm appointed to work on the projects. We assisted MNC Land with drafting and reviewing the transaction documents, and … SSEK Assists with MNC Land, Trump Organization Luxury Developments
