Many non-Indonesian buyers are discovering that it’s possible to invest in real estate in Bali while on a tourist visa. While this may seem unusual, the process is fully legal under specific rules.
### The Buying Process
From a legal standpoint, non-citizens cannot legally own land in villa bali sale Indonesia. However, with proper legal structures, non-Indonesian buyers are able to acquire real estate under a long-term leasehold system. This grants international buyers the ability to occupy the property for a fixed term, typically up to 25 or 30 years, with options to renew.
For those on a tourist visa, it’s still possible to enter into such agreements. This is because buying property in Bali doesn’t mandate a residency visa—all you need is valid identification. However, it’s advised that you seek help from 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 primary legal structure for foreigners is a leasehold arrangement. This provides the foreign buyer to lease the property for a fixed duration, after which they can opt to extend 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 your heirs.
### Seeking Professional Help
Navigating the legal aspects can be confusing, especially for those unfamiliar with the regulations. That’s why working with a trusted notary and a lawyer is important. They can help you understand the details of the law and make sure that the property transaction is fully compliant with Indonesian law.
It’s recommended to hire a qualified property agent who has expertise in Bali’s real estate market and is experienced in handling foreign clients. This will help you stay clear of common issues and get the best deal on your property purchase.
### The Benefits of Buying Property in Bali
In light of the leasehold restrictions, investing in property Buy Villa Bali in Bali continues to be a popular option 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 an ideal location for vacation properties or rental investments. With the right legal assistance, international buyers can safely make property investments and benefit from Bali’s real estate market.
In conclusion, although direct freehold ownership is off-limits, there are clear ways for international buyers to invest in Bali through leasehold agreements, without needing a residency permit.