Alright so it's HGB then, make sense since foreigners cannot own land in Indonesia and companies can only own HGB and HGU rights.
Not really appealing from legal perspective.
Also environmental licenses/izin lingkungan procedures are still required so I don't really understand the environmental concern. With a project this scale a mandatory environmental assessment will probably be required.
janggansmarasanta t1_iyc3lnl wrote
Reply to comment by autotldr in Indonesia puts 100-island archipelago up for auction, sparking environmental concerns by Vucea
"licensed right to build" & "bid for shares" eh.
Alright so it's HGB then, make sense since foreigners cannot own land in Indonesia and companies can only own HGB and HGU rights.
Not really appealing from legal perspective.
Also environmental licenses/izin lingkungan procedures are still required so I don't really understand the environmental concern. With a project this scale a mandatory environmental assessment will probably be required.