Many foreigners are discovering that it’s possible to invest in real estate in Bali while on a tourist visa. Though this might appear unusual, 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, non-Indonesian buyers are able to acquire real estate under a long-term leasehold system. This grants foreigners the right to use the land for a set period, usually up to several decades, with renewal options.
If you’re in Bali with a tourist visa, there’s still the opportunity to enter into such agreements. This is because the process of purchasing in Bali doesn’t mandate a residency visa—all you need is valid identification. However, it’s highly recommended that you seek help from a reputable notary or property agent to ensure everything is above board.
### Understanding Leasehold Property
As foreign investors cannot own freehold property, the most common form of ownership for non-Indonesians is the leasehold. This provides 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 isn’t available to foreigners, leasing still offers a lot of benefits. The terms can be worked out between the buyer and the seller, 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 reliable notary and legal expert is crucial. They can help you understand the details of the law and make sure that the deal is in compliance with local legislation.
It’s also advisable to work with a trusted real estate agent who has expertise in the 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, rising property values, and appealing island lifestyle make it a prime investment opportunity.
A number of 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 using the leasehold system, without needing a residency permit.