Hi all
a friend told me that it is a deposit of cash or the purchase of a home and that home can be HAK MALIK... does anyone know if this is true? I cant see them allowing freehold to foreigners. He gave me this. Any thoughts??
This is the decree number and for some reason I cant attach it
1241/SK-HK.02/IX/2022
all confusion so who knows
..... but from what I read the 2M could come from the foreigner or the Indonesian (mandatory sponsor) so perhaps the Indonesian sponsor could pledge their 2M luxury property on behalf of the poor old foreigner.
So then the question is ........ what makes a property "luxury" at the 2 M price point?, do you have to pin a "villa BlahBlah" sign on the wall and job done, or build a pool, or ensure you have 5 VA PLN account or all of the above?
More interestingly, I am intrigued by the chicken and egg thing going o n here. To apply you must have a bank account at an SOE bank or a property but to get either of these things in the first place, you currently have to be resident alredy ... No ?
I confess to being clueless
EDIT I recall it does say the foreigner can apply him/her-self so perhaps the sponsor is optional.