A growing number of non-Indonesian buyers are discovering that they can invest in real estate in Bali while holding a tourist visa. Though this might appear surprising, it’s entirely legal under certain conditions.
### How It Works
Technically, foreigners are not allowed to own land directly in Buy Villa Bali 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, usually up to several decades, with options to renew.
For those on a tourist visa, it’s still possible to enter into such agreements. This happens as buying property in Bali doesn’t mandate a long-term visa—you only need valid identification. But, it’s highly recommended that you work with a qualified notary or property agent to make sure the process is handled correctly.
### Leasehold vs Freehold
Since foreign buyers cannot own freehold property, the primary legal structure for foreigners is a leasehold arrangement. This provides the foreign buyer to lease land for a fixed duration, at the end of which they can opt to extend the lease.
While freehold ownership isn’t available to foreigners, leasing still offers a lot of benefits. Conditions can be negotiated between the investor and the landowner, and you can even transfer the leasehold rights to your heirs.
### Seeking Professional Help
Understanding the legal aspects can be confusing, especially for those unfamiliar with the regulations. That’s why consulting a trusted notary and a lawyer is important. 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 has experience with foreign buyers. This will help you avoid any pitfalls and secure a good deal on your property purchase.
### The Benefits of Buying Property in Bali
Despite 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, 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, international buyers can securely 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.