Don’t we all agree that owning a luxury villa in Bali or a cool apartment in Jakarta is a great investment? But here’s the thing: too many foreign investors are told about a shortcut called the Nominee Agreement. It might be pitched as a quick way around local laws, but it’s also a dangerous trap…
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Some foreign investors in Bali have found a sneaky way around ownership laws, by marrying locals and using nominee agreements to gain control of land and businesses. Bali’s had enough. With fictitious Foreign Investment Companies (PT PMA) popping up and unlicensed villas spreading, the government is fast-tracking a regional regulation on nominee agreements, aiming to…
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