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Bali Property Seminar: "The Nominee Krisis - Indonesian Land Law for Foreigners
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Originally posted by waarmstrong View PostThis "seminar" is more likely just an opportunity for sponsors with a pecuniary interest in down-playing the risk of using a nominee to pad their potential foreign buyers list.
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As I understand the nominee system, it is not expressly prohibited by Indonesian statue. That being said, experiences described on-line, including some referenced in this Forum, suggest it is an extremely risky proposition for foreigners. Should problems arise there is essentially no recourse in practice.
Those sponsoring the "seminar" are entities which profit from the sale of property to foreigners. Any view, information imparted is going to be colored by that vested interest.
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