Foreigners Can Buy Property in Bali

Foreigners Can Buy Property in Bali

Blog Article

Foreigners Can Buy Property in 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, foreigners are not allowed to own land directly in bali villa for sale Indonesia. However, with proper legal structures, foreigners can 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—you only need 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 a leasehold arrangement. This allows the non-Indonesian owner to lease land for a long-term period, at the end of which they can choose to renew the lease.

Owning property outright remains restricted for non-citizens, a leasehold agreement still offers many advantages. The terms can be worked out between the investor and the landowner, and in some cases, you might pass on the lease to family members.

### Seeking Professional Help

Navigating Indonesian property law can be complex, particularly for foreigners. That’s why consulting 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 trusted real estate agent who has expertise in the market and has experience with foreign buyers. 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 international investors. The island’s growing tourism sector, rising property values, and appealing island lifestyle make it an excellent investment.

A number of expats see Bali as a perfect place for vacation properties or rental investments. By securing proper legal support, 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 legal pathways for international buyers to acquire property in Bali through leasehold agreements, even with a residency permit.