Glossary

PT.PMA – Foreign-owned investment companyNPWP – Tax Identification NumberIMB -IMB (Izin Mendirikan Bangunan) is a building permit.Pondok Wisata – License to rent your villa out to tourists.Notaris – An official responsible for drafting and authenticating lease & legal agreementsBPHTB – Land and Building Acquisition TaxHak Malik – FreeholdGreen zone – Cannot build onYellow zone – […]