Many foreigners are discovering that it’s possible to buy property in Bali even holding a tourist visa. Though this might appear surprising, the process is fully legal under certain conditions.
### How It Works
From a legal standpoint, foreigners 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 leasehold system. This gives foreigners the ability to occupy the property for a set period, typically up to several decades, with options to renew.
For those in Bali with a tourist visa, there’s still the opportunity to engage in these arrangements. This is because the process of purchasing 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 qualified notary or professional real estate agent to make sure the process is handled correctly.
### Leasehold vs Freehold
Since foreign buyers cannot own freehold property, the primary form of ownership for non-Indonesians is a leasehold arrangement. This provides the non-Indonesian owner to lease land for a fixed period, at the end of which they can opt to extend the lease.
Owning property outright isn’t available to foreigners, a leasehold agreement still offers a lot of benefits. Conditions can be worked out between the investor and the seller, and in some cases, you might transfer the leasehold rights to family members.
### Seeking Professional Help
Navigating the legal aspects can be complex, especially for those unfamiliar with the regulations. That’s why working with a trusted notary and a lawyer is crucial. They can guide you through the details of the law and ensure that the deal is in compliance with Indonesian law.
It’s also advisable to work with a qualified property agent who has expertise in the market and is experienced in handling foreign clients. This ensures you avoid any pitfalls and secure a good deal on your property purchase.
### Why Consider Bali Real Estate?
In light of the foreign ownership limitations, investing in property Buy Villa Bali in Bali continues to be a popular option for foreigners. The island’s growing tourism sector, increasing real estate prices, and tropical lifestyle turn it into a prime investment opportunity.
A number of expats view the island as an ideal location for vacation properties or rental investments. With the right legal assistance, international buyers can safely make property investments and enjoy the gains of Bali’s growing property market.
In conclusion, although direct freehold ownership is off-limits, many are discovering legal pathways for international buyers to invest in Bali using the leasehold system, even with a residency permit.