Foreigners Can Buy Property in Bali

Foreigners Can Buy Property in Bali

Blog Article

Foreigners Can Buy Property in The island of Bali
Many non-Indonesian buyers have found that they can buy property in Bali even on a tourist visa. Though this might appear surprising, the process is fully legal under specific rules.

### The Buying Process

From a legal standpoint, non-citizens are not allowed to own land directly in bali villa for sale Indonesia. However, with proper legal structures, non-Indonesian buyers are able to purchase property under a long-term lease agreement. This gives foreigners the right to occupy the property for a fixed term, usually up to 25 or 30 years, with options to renew.

For those on a tourist visa, it’s still possible to engage in these arrangements. This happens as buying property in Bali doesn’t require a long-term visa—all you need is your copyright and some paperwork. But, it’s advised that you work with a reputable notary or professional real estate agent to ensure everything is above board.

### Leasehold vs Freehold

As foreign investors aren’t allowed to buy freehold, the most common legal structure for non-Indonesians is the leasehold. This allows the foreign buyer to lease land for a long-term duration, at the end of which they can choose to renew the lease.

While freehold ownership remains restricted for non-citizens, leasing still offers many advantages. The terms can be negotiated between the investor and the landowner, and in some cases, you might pass on the lease to your heirs.

### Seeking Professional Help

Navigating Indonesian property law can be complex, particularly for foreigners. That’s which is why working with a reliable notary and legal expert is crucial. They can guide you through the specific regulations and ensure that the property transaction is fully compliant with Indonesian law.

It’s recommended to hire a qualified property agent who understands Bali’s real estate market and has experience with foreign buyers. This ensures you avoid any pitfalls and secure a good deal on your investment.

### Why Consider Bali Real Estate?

Despite the foreign ownership limitations, investing in property bali villa for sale in Bali continues to be a popular option for foreigners. Bali’s booming tourism industry, increasing real estate prices, and appealing island lifestyle make it a prime investment opportunity.

Many expats see Bali as a perfect place for holiday homes or rental investments. By securing proper legal support, foreigners can safely make property investments and benefit from Bali’s real estate market.

To sum up, while foreigners can’t own freehold property, there are clear ways for international buyers to invest in Bali through leasehold agreements, without needing a residency permit.