Indonesia is preparing to boost economic growth by revising its laws to attract highly skilled and well-funded immigrants from around the world.
The Indonesian government is, for the first time, revising its legal code to allow foreigners to own land in Indonesia.
The current rules only allow foreigners to occupy a building or land for 25 years.
The final passage of these new revisions however must be approved by the House of Representatives and the relevant government Ministry.
But officials in the know have reportedly said that the revisions are likely to be approved.
These revisions will not mean, however, that it will become easy for foreigners to acquire land in Indonesia.
To the contrary, there will be several strict terms and conditions. For one, a foreigner must own a business in Indonesia.
Also, if they ever sell their property, they must sell it to the government.
The government expects the new laws to boost economic growth by attracting highly skilled and well-funded immigrants from around the world who are interested in taking advantage of the Asean common market, once it is implemented in 2015.
Foreigners will only be allowed to own residential and commercial property, as there is another Indonesian law that jealously guards agricultural land.
This may deter would-be coconut plantation owners from expatriating to Indonesia, but should have no effect on the technology and professional services entrepreneurs that the government wants to attract.
This report first appeared in http://www.investvine.com
- Asean unions relaunch online complaints mechanism for migrant workers
- Asean official meets ATUC, receives ATUC Bali Declaration
- ATUC leaders meet in Bali, adopt Declaration on key concerns of labour in Asean
- ATUC youth joins conference on reducing youth unemployment and the future of work
- Making women in leadership a norm
What They Say About Us
- Working through the ASEAN Trade Union Council (ATUC), a number of labor groups from Southeast Asia have proposed the ASEAN Social Charter, which they see …
- Labour rights do not feature prominently on ASEAN’s agenda, but the ASEAN Trade Union Council (ATUC) is pushing for a social charter and a framework for the protection of migrant workers.
- ASEAN22 : The ASEAN Social Charter was designed by the ASEAN Trade Union Council (ATUC) and labour-friendly NGOs as a social counterpart to ASEAN’s economic
c/o Trade Union Congress of the Philippines
No. 2 Kalaw-Ledesma Circle, Tierra Verde 2, Tandang Sora, Quezon City 1116