Controversy on Regulation of Foreigners Property Ownership in Indonesia

DOI

10.2991/assehr.k.211203.065How to use a DOI?

Keywords

Foreign; Property; Regulation of property

Abstract

This article aims to analyse the principles of land ownership by foreigners in the era of globalization in Indonesia. Copyright Law No. 11 of 2020, or omnibus law that grants foreign rights to sectors that own land and housing. The purpose of this law is to encourage foreign investment and boost the country’s economic growth. Data is qualitatively analysed, and inference statements are used in deductive logic. Legal documents relating to the arrangement of foreign property are specifically intended to be used as a guide for an investigation. This study shows that although this policy has good faith, there is still much controversy regarding concessions on ownership of apartments and housing units to foreigners. Solutions provide processes to prevent them.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Listyowati Sumanto
PY  - 2021
DA  - 2021/12/03
TI  - Controversy on Regulation of Foreigners Property Ownership in Indonesia
BT  - Proceedings of the 2nd International Conference on Business Law and Local Wisdom in Tourism (ICBLT 2021)
PB  - Atlantis Press
SP  - 291
EP  - 296
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211203.065
DO  - 10.2991/assehr.k.211203.065
ID  - Sumanto2021
ER  -