Enticed by Eastern Pearls
More and more foreigners are buying property on the islands of Lombok and Sumbawa in West Nusa Tenggara. Some of them are simply looking for a cheaper place to retire, but others are looking to capitalize on the region's rapidly growing tourism industry. They buy beautiful land along the beaches and even in protected forest areas.
Foreigners must often work around the law, which prohibits foreign ownership of Indonesian land. Some set up foreign capital investment companies and ignore certain requirements for their operation. Others employ Indonesians as nominees to sign the papers.
November 4, 2014
More and more foreigners are buying property on the islands of Lombok and Sumbawa in West Nusa Tenggara. Some of them are simply looking for a cheaper place to retire, but others are looking to capitalize on the region's rapidly growing tourism industry. They buy beautiful land along the beaches and even in protected forest areas.
Foreigners must often work around the law, which prohibits foreign ownership of Indonesian land. Some set up foreign
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