A growing number of foreigners have found that it’s possible to buy property in Bali even on a tourist visa. While this may seem unusual, the process is fully legal under specific rules.
### The Buying Process
Technically, foreigners are not allowed to own land directly in bali villa for sale Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term lease agreement. This gives foreigners the ability to occupy the property for a fixed term, typically up to 25 or 30 years, with options to renew.
For those in Bali with a tourist visa, there’s still the opportunity 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 non-Indonesian owner to lease the property for a long-term period, after which they can choose to renew the lease.
Owning property outright remains restricted for non-citizens, a leasehold agreement still provides many advantages. The terms can be worked out between the buyer and the landowner, and in some cases, you might pass on the lease to family members.
### Legal Assistance
Navigating Indonesian property law can be complex, particularly for foreigners. That’s which is why working with a trusted notary and a lawyer is important. 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, buying property bali villa for sale in Bali remains highly attractive for foreigners. Bali’s booming tourism industry, increasing real estate prices, and tropical lifestyle make it a prime investment opportunity.
Many expats view the island as a perfect place for holiday homes or income-generating properties. With the right legal assistance, foreigners can securely purchase property and enjoy the gains of Bali’s growing property 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.